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Company in Mass Media

Rus’-Oil to increase investment to $500 million

02.02.2017. http://www.angi.ru/news

Rus’-Oil intends to increase the investment to $500 million – 1.7 times the last-year’s figure.

Rambler News Service reports the company shelled out a total of $300 million investment into infrastructure facilities, including the construction of a pipeline with the annual capacity of up to 1 million tons of oil. The pipeline connected two oil fields, Gustorechenskoe and Multanovskoe, into a single oil transportation system to the pumping station in Yuzhny Balyk.

Currently the company’s assets in Yakutia, Irkutsk Oblast, Khanty-Mansi Autonomous Okrug (KMAO) and Nenets Autonomous Okrug are producing a total of 4.2 million tons of oil a year. Most of the investment in 2017 will also be spent on improving Rus’-Oil infrastructure.