Gazprom Neft is going to reduce the share of import purchases
Edited by Rhod Mackenzie / 2014-11-17 01:57:14
Finance Oil and Gas Russia Financial results Russia Oil and Gas Gazpromneft Oil Production and Refining
The Board of Directors of Gazprom Neft will discuss on November 28 the purchase activity in the modified market conditions and the measures for minimization of the share of import purchases. They will also discuss execution by the company of its liabilities in four-lateral agreement signed by the Federal Technical Regulation and Metrology Agency, FAS and Rostechnadzor.
Gazprom Neft and its subsidiaries hold 61 licenses for the mines exploration and development. Proven oil reserves at the mines are over 4.5 billion barrels. The majority shareholder is Gazprom.
