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14

The effect has already come into force?

At the end of September the Ministry of Protection of the Environment and Natural Resources had an Expert group session to consider the matter of the earth bowels usage licensing. In the nearest future the expert group of the Ministry of Protection of the Environment and Natural Resources will decide on implementation of the pre-schedule termination procedure of the right to use the earth bowels.

At the end of September the Ministry of Protection of the Environment and Natural Resources had an Expert group session to consider the matter of the earth bowels usage licensing. In the nearest future the expert group of the Ministry of Protection of the Environment and Natural Resources will decide on implementation of the pre-schedule termination procedure of the right to use the earth bowels.

The effect has already come into force? The Udmurt joint-stock company "Belkamneft" is ordered to suspend the oil extraction activity.

The Ministry of Protection of the Environment and Natural Resources and Gosgortekhnadzor (the State Mining Supervision of the Russian Federation) came to a conclusion, that 26 licenses for usage of the earth bowels with the general stock of about 80 million tons of oil are given to the company illegally. As the check-up has shown, licenses were given out without competitive examination, without the Federal controls of bowels fund decision, with violation of auction conditions, without the conclusion of the agreement on the production division. Now the government of Udmurtiya has received representation about termination of these licenses.

The joint-stock company "Belkamneft" was registered in April, 30, 1997 as a joint company of Republic Udmurtiya and Republic Bashkortostan. The basic shareholders of "Belkamneft" are the open joint-stock company "Bashneft" with 38,46 %, Minimushchestvo (The Ministry of Property) of the Republic Udmurtiya with 33,46 %, "Baikal - Oil" Ltd. with 15,39 %, Joint-Stock Company "Baikal - resource" with 7,69 % and closed joint-stock company "SPEK-TRAST" with 5 %.

"Belkamneft" is a dynamically developing company, which is among the ten best small oil-extracting enterprises by the volumes of oil extraction. To the end of 2001 the total volume of extraction by "Belkamneft" has exceeded 2 million 38 thousand tons. In the first half of the current year the company extracted more than 1 million tons of oil.

Author: Nana Bendukidze

Source : Neftegaz.ru