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Rus’-Oil to increase production to 5.7 million tons


An extraordinary shareholder meeting of the Rus’-Oil group of companies took place on Tuesday, October 25, attended by all beneficiaries of the companies in management and immediate managers of regional divisions and major contractor organizations.

General Director Rus’-Oil JSC Sergey Podlisetsky outlined new development prospects connected to the acquisition of new license areas in Khanty-Mansi Autonomous Okrug. In particular, drilling and production plans for 2017 were revised and the overall regional development of the group of companies for 2017-2021 was announced. According to Sergey Podlisetsky, “the company’s overall production must reach 5.7 million tons in 2018”. He also mentioned that the company will continue to grow its assets and strategic reserves.

The event ended with the signing of several key documents, including new fiduciary management agreements.