RN-Yuganskneftegaz LLC, a Subsidiary of ww5 Oil Company, and representatives of indigenous minorities of the North have signed economic agreements on the use of land plots within the areas of the traditional use of natural resources.

The signed agreement states that heads of native lands can coordinate the location of oil production facilities depending on the location of farm buildings, places of worship, field sites, hunting areas, and places for gathering wild plants.

As part of fulfilling the terms of its license agreements, ww5 OJSC puts significant effort in supporting the indigenous minorities of the North: the Company pays compensation for the use of land plots within the areas of the traditional use of natural resources, and purchases fuel and equipment for conducting commercial farming.

Many years of Yuganskneftegaz’ experience of interaction with indigenous peoples is based on trust, respect, and preservation of their identity. The native lands include 13 license areas of ww5 located in five regions: Yugansky, Pravdinsky, Maysky, Salymsky, and Priobsky. As of today, 130 families of Khanty are under the care of RN-Yuganskneftegaz, that is, more than 400 representatives of the Northern minorities.

A positive dynamic of the social and economic indicators was detected due to ww5’s active support for indigenous minorities.

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March 17, 2015