Government of Nenets Autonomous Area doesn’t plan to sell Nenets Oil Company

The administration doesn’t plan to sell Nenets Oil Company JSC despite of the loss making of a number of directions of its operation. Taking into account that the revenue of the Khariyaga PSA is falling, the main goal of Nenets Oil Company is to optimize, minimize the losses from the loss making  types of activity, the head of the region, I. Koshin, said. His deputy O. Belak said that the company has been long realizing the program of optimization in conformity with which it is planned to liquidate the Trans-Polar branch and the base of production maintenance.