OREANDA-NEWS. August 7, 2012. NK RussNeft  has collected  the certificate for the right to carry out geological prospecting work at the territory of Algeria in the status of “Onshore Operator-Investor”

The decision on qualification of the Russian oil holding was taken by the Energy and Mining Ministry and the National Agency for Hydrocarbon Resources

Development Alnaft on the basis of the holding business documents and reports submitted by the Company.

The long-term development strategy of JSC  NK RussNeft determines the Company’s active position at world mineral markets. The holding is planning to enter new regions and expand its business geography. The sphere of business interests of RussNeft includes hydrocarbon deposits in African and CIS states.

Obtaining of the qualification determines active participation of RussNeft in Algerian prospective oil and gas projects and reveals the Russian company’s  prospects and potential in joint implementation of these projects.