Russneft

Russneft uses waste products to manufacture building materials

In the Year of the Environment, the oil company Russneft, owned by Mikhail Gutseriev, intends to allocate more than 200 million rubles for the protection of the environment.

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Said Gutseriev: Orsk refinery enters a new level of oil refining technology

The large-scale modernization of the Orsk refinery (part of the ForteInvest holding company), will allow to achieve processing depths of more than 85%, with light oil products output exceeding 75%.

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Independent Oil and Gas Company of E.Khudainatov and Tatneft were leaders of oil production decline in July

Tatneft, Novatek and the Independent Oil and Gas Company (NNK) of E. Khudainatov all reduced their oil production in July 2017 in the framework of the Vienna agreement more than others.

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ForteInvest discovers new field in the Orenburg region

ForteInvest, a member of the Safmar Group of M. Gutseriev, has discovered a new field in the Orenburg region. This was announced by ForteInvest on August 3, 2017.

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In H1, Russneft’s net profit under RAS fell 2.5 times

In January-June 2017, the net profit of Russneft under RAS declined 2.5 times compared to the same period of the previous year to 3.424 billion rubles, the company's report informs.

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Russneft still intends to increase capital investments 1.5 times in 2017

Russneft won’t reduce the amount of financing for the company's capital investments in 2017, despite the reduction in the production under the OPEC and non-OPEC agreements.

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Russian gas major companies to pay almost $9 bln of dividends for 2016

Russian oil and gas majors (nine companies) will pay $8.7 billion (594.6 billion rubles) as dividends for 2016, this follows from the materials of the nine largest companies of the fuel and energy

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In H1, Russneft increased capital investments in construction of infrastructure

In the first half of the year 2017, Russneft invested 4.7 billion rubles in its capital infrastructure facilities, which is 3 times more than in 2016.

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Russneft confirms 15 bln cubic meters of gas reserves in Azerbaijan

Russneft has confirmed 15 billion cubic meters of gas reserves in its assets in Azerbaijan, the company's main owner Mikhail Gutseriev told journalists.

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In January-June, Rosneft reduced oil production by 0.5%

In January-June 2017, Rosneft reduced its oil production by 0.5% compared to the same period last year to 93.266 million tons, the Central Dispatch Department of the Fuel and Energy Sector reports.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
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