OAO Russneft Company News

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OPEC+ Cut Extension Wins Support from Russian Execs
Wednesday, February 12, 2020 Russia's key oil producers voiced support for the idea of extending OPEC+ output cuts into the second quarter.

Russneft IPO Demand Exceeds Offer By Over 30%
Friday, November 25, 2016 Mikhail Gutseriyev, a co-owner of the Russian mid-sized oil company Russneft, said in a statement that the demand during the company's initial public offering (IPO) has exceeded offer by more than 30%.

Russia's Russneft Shareholder To Offer 20% Of Ordinary Shares In IPO
Monday, November 14, 2016 Russia's tycoon Mikhail Gutseriyev and his family are planning to sell up to 20% of ordinary shares in a mid-sized oil company Russneft in an initial public offering (IPO) by the end of 2016.

Russian Oil Firm Russneft Plans Moscow Share Sale
Monday, June 06, 2016 Russneft, majority owned by businessman Mikhail Gutseriyev, plans to sell new shares on the Moscow stock exchange in the fourth quarter.

Russian Tycoon Gutseriyev Reclaims All of Oil Firm Russneft
Friday, September 27, 2013 Mikhail Gutseriyev buys the remaining two percent of Russneft he did not already own.

RussNeft to Increase Oil Production at Tomsk Block
Friday, March 05, 2010 RussNeft plans to produce 333 thousand tons of oil at the Tomsk block in 2010, exceeding the analogous determinant of 2009 (197.9 thousand tons) by 40%.

Russneft Pumps Up Oil Production at Western Siberian Fields
Friday, August 28, 2009 During the seven months of 2009 oil production at the Shapsha group of oil fields has grown more than 2.7 times as compared with the analogous period of 2008 and has amounted to 522,460 tons.

RussNeft's Subsidiary Unveils New Efficient Oil Production Technologies
Wednesday, July 08, 2009 Belkamneft, a producing subsidiary of RussNeft, has introduced new efficient oil production technologies using two-packer equipment to decrease the number of inoperative wells and reduce watering of wells.

Russneft Puts New Western Siberian Oil Fields On-Stream
Thursday, June 25, 2009 Russneft has continued to develop the Shapsha group of oil fields in Western Siberia, implementing large-scale drilling programs, building up the output and putting into operation new oil fields of this license area.

Russian Govt Threatens Russneft with Loss of Production Licenses
Monday, November 26, 2007 Russia's Ministry of Natural Resources is threatening to revoke a number of oil production licenses belonging to RussNeft, a ministry spokesman said Monday.

RussNeft: Media Statements False
Tuesday, January 30, 2007 OAO RussNeft considers it necessary to make the position of the Company clear in connection with mass media publications of January 29, 2007.

RussNeft and SOCAR to Rehab, Develop Zykh and Govsany
Friday, November 03, 2006 Meeting in Baku, Azerbaijan on Friday, officials with OAO Oil and Gas Company RussNeft and SOCAR signed an agreement on the rehabilitation, development and production sharing for the Zykh and Govsany block of oil fields in Azerbaijan.