News
Annual Shareholder’s Meeting to Be Held on June 29, Register to Be Closed on May 12
The annual shareholder’s meeting of Saratovneftegaz OAO will be held on June 29, the company says in a statement.
RussNeft to Double Allocations for Krasnodar Region
Oil Company RussNeft OAO and Administration of the Krasnodar region have concluded a cooperation agreement. The document was signed by Mikhail Gutseriev, President of RussNeft, and Alexander Tkachov, Governor of the Krasnodar region. The oil company plans to implement in the region various investment projects in oil refining. The document also determines the main principles of interaction between the parties in studying the prospects for exploration and development of new oil and gas fields in the Krasnodar region.
RussNeft Subsidiary Orsknefteorgsintez Started Production of Euro-3 Diesel Oil Moscow
In May Orsknefteorgsintez OAO, a subsidiary of Oil Company RussNeft OAO, has started to produce diesel oil meeting the Euro-3 standards. The production volume of the advanced product will come to 5 thousand tons per month. The product is to be shipped to the consumers of the Moscow and central regions of Russia, RussNeft says in a statement.
RussNeft Net Profit in the First Quarter of 2006 Increased in 4.4 Times against the Fourth Quarter of 2005 up to RUR3.6 billion
In the first quarter of 2006 the net profit of Oil Company RussNeft OAO according to Russia’s accounting standards (RAS) increased in 4.4 times against the fourth quarter of 2005 and came to 3,635,813 thousand roubles, the company says in a statement. In the fourth quarter of the past year RussNeft net profit amounted to 818,541 thousand roubles.
RussNeft President Mikhail Gutseriev Received Big Gold Medal of Maecenas Order, First Class
President of Oil Company RussNeft OAO Mikhail Gutseriev became the Laureate of the First National Public Premium in the field of charity and patronage of art having received the Big Gold Medal of the Maecenas Order, First Class. According to the statement of RussNeft press service, the decision on the presentation of the Medal to the company’s President came from the members of the Premium’s Social Council including Culture and Mass Communications Minister Alexander Sokolov, Chechnya President Alu Alkhanov, Chairman of Khakasia’s Government Alexey Lebed’, prominent public and political figures, scientists and clerisy representatives. The competent jury recognized the valuable contribution made by Mikhail Gutseriev in the course of reviving the traditions of Russian charity and highly appreciated his personal collaboration in a number of large social and charitable projects of a federal level.