Russian oil companies will invest at least 569 billion rubles till 2015 to increase oil conversion ratio, the head of Energy Ministry Sergei Shmatko said on Friday. “The modernization program is quite considerable. The total cost of the program is 569 billion rubles on a conservative estimate,” – he said at the meeting dedicated to […]

An ex-employee of Rosneft-Stavropol’e which owns the network of 16 fuel filling stations in the Stavropol Territory, Vladimir Tyurin accuses the management of the oil company in discreditable practices. According to the 62-year –old retired man, all the fuel filling stations belonging to Rosneft-Stavropol’eare equipped with special programs, which allow to pump less gas into […]

OJSC Rosneft Oil Company held a meeting under the supervision of the president of the company Eduard Khudainatov, in which the present situation in the oil product market was discussed. In the course of the meeting it was pointed out that the distribution network of Rosneft is supplied with the necessary quantity of oil products […]

The specialists of Rosneft Ltd. discovered another oil deposit in the Krasnodar Territory within the boundaries of Slavyansko-Temryukovsky license block, which is already being exploited. As the representatives of the largest oil company in Russia say, according to the preliminary data the deposit may contain up to 500 thousand tons of ‘black gold’. At present […]

The largest Russian private oil company “LUKOIL” is planning to reach the oil production level of 100 mil. tons a year by 2017-2018, says the Vice-president of the company Vladimir Mulyak. Last year “LUKOIL” field production decreased by 1,7% — to 95,99 mil. tons. As Mulyak said at the annual meeting of company shareholders, in […]