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Rapid development of production has always been typical of Oil and Gas Company RussNeft. Owing to this fact, within only 2 years the holding company managed to become one of TOP-10 of Russia’s oil companies. In September 2005 RussNeft won the first prize at the Black Gold of Yugra Contest as the fastest growing company. The corner stones of RussNeft strategy are introduction of advanced technologies and state-of-the-art oil and gas equipment, investments in the development of own production capacities, all aimed at increasing production efficiency. Production intensification is also the basis for the development of Saratovneftegaz OAO, a regional subsidiary of RussNeft. We are going to tell a story about upgrading of one of the Saratovneftegaz key facilities thus showing how the oil men in Saratov work and move forward.

Another RUR28 million have been invested in social projects of the Tomsk region

Orsknefteorgsintez OAO owned by RussNeft has started scheduled revamp of the process units and replacement of obsolete equipment in order to comply with the safety standards. It became particularly important in the context of implementing the plan aimed at increasing the volumes of crude oil processing from 3.5 to 5 million tons per year (against the year 2005).

Yesterday Oil Company RussNeft OAO and Moscow State University named after M.V.Lomonosov signed a cooperation agreement. According to the company’s press-service, the objective of the agreement signed by RussNeft President Mikhail Gutseriev and Moscow State University Rector, Academician Viktor Sadovnichy is to set up a corporate university on the basis of Moscow State University. The corporate university will be called “High School of Innovative Business (faculty) of MGU”.

The financial support of the sowing campaign in the Orenburg region from the budgets of all the levels will amount to more than 400 million roubles, an IA REGNUM correspondent was told at the press-service of the local administration.