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OAO NGK Slavneft produced 9.15 mln tons of oil in I H 2010

15.07.2010

Over the first six months of the current year OAO NGK Slavneft Subsidiaries produced 9.15 mln tons of oil what is 2.4% bellow the indicator for the similar period of the previous year. The gas production volume for the I H 2010 amounted to 429.6 mln cubic m and decreased by 4.5% as compared to January-June 2009.  
From the year beginning, 424.3 ths m of rock were drilled and 80 wells were put into production at the Company’s fields. As compared to the same period of the previous year the drilling progress in the operational drilling increased by 6.4%.
The oil volume refined by the Company in January-June 2010 amounted to 10.6 mln tons or 87.6 as compared to the level of the same period for the previous year. At this, OAO Slavneft-Yaroslavnefteorgsintez refined 6.65 mln tons (an increase by 3.4%), ОАО Mozyr Refinery – 3.95 mln tons (a decline by 30.3%). A decrease in the volume refined by Mozyr refinery is due to the decrease in the volume of raw materials supplied to the Republic of Belarus because of change in the conditions of the foreign economic activities.  
The volume of production of motor gasolines in the reporting period decreased by 11.1% as compared to I H 2009 and amounted to 2.0 mln tons, including those ones produced by YANOS 1.06 mln tons (a decline by 5.7%), by Mozyr Refinery – 0.94 mln tons (a decline by 16.5%).  The decrease in the volume of motor gasolines produced by YANOS in I H is envisaged by the subsidiary’s business plan and is due to the shut-down of some facilities for their planed maintenance. We propose to reimburse for these losses due to an increase of the production volume up to this year end.

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