The joint venture LLC Vareyneftegaz is registered in Novy Urengoy (Yamal-Nenets Autonomous District) with an authorized capital of 200 million rubles.
The type of economic activity of the new company in the All-Russian classifier is indicated as the production of oil and petroleum (associated) gas.
50% of Vareyneftegaz belongs to LLC LUKOIL - Western Siberia, the subsidiary of LUKOIL, another 50% belong to LLC Zapolyareneftegaz, a Norilsk Nickel subsidiary created in March of this year, goartic.ru reports.
Among the additional activities of Vareyneftegaz are the extraction of natural gas and gas condensate, the production of petroleum products, the distribution of gaseous fuel through gas distribution networks and its sale.
Alex Shishlo for Rough&Polished