OREANDA-NEWS. April 23, 2010. OAO NK “RussNeft” and the Government of Khanty-Mansi Autonomous District signed the Agreement on Cooperation for 2010-2012. The document, determining the main priorities of cooperation and the parameters of collaboration for the current year, was signed by the president of OAO NK “RussNeft” Oleg Gordeev and the Governor of KhMAO Natalia Komarova.

The Agreement stipulates joint work of the Parties in the sphere of development of the resource and industrial potential of the okrug, ecological activity, participation in social programs. Thus, the production output of the enterprises of the holding at the territory of KhMAO is determined  as 7 million tons of oil (+2.4% as compared with the last year) and 1 billion cbm of gas (+18% in comparison with the last year).

In 2010 the Company intends to continue in KhMAO implementation of the projects in the sphere of utilization of associated petroleum gas. In particular, this February at the strategically important for “RussNeft” Shapsha group of oilfields there was launched the first stage (17mW) of an autonomous gas piston power station. The program of APG utilization is being successfully implemented at Zapadno-Malobalykskoye oilfield.  The Company is planning to build at this license area 8 blocks of gas turbine units with relevant pipeline and power line infrastructure, which will permit to bring the volume of APG utilization to the level of 95% and to provide the plant with its own electric power.

The amount of capital investments, according to the business-plan of the Company in the current year will amount to 7.3 billion rubles which exceeds the analogous figure of the last year by 43%.

Besides, the document determines active participation of the holding in implementation of social and charity programs at the territory of KhMAO. In 2010 NK “RussNeft” is going to assign for these purposes 36.2 million rubles.

The president of NK “RussNeft” Oleg Gordeev:

“Signing of the Agreement convincingly demonstrates the Company’s readiness for concrete steps aimed at stable development of the economy of the region, improvement of investment climate, creation of favorable conditions for solution of social problems of the region.”