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Chechen parliament wants local control of oil company

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CHECHNYA, 21 March, Caucasus Times. – The Chechen parliament has decided to ask the Russian leadership to hand over 2 per cent of shares in Grozneftegaz [Groznyy oil and gas] to the Chechen republic in order for the latter to get control over the company. Fifty-one per cent of the shares in the company currently belongs to Rosneft [Russian oil] and 49 per cent to the Chechen government. Grozneftegaz produces about 2m t of oil a year.

It was also decided to ask for the handover of the Chechenneftekhimprom [Chechen oil and chemical industry] federal state unitary enterprise to Chechnya, with its subsequent transfer to Grozneftegaz’s statutory capital.

Commenting for journalists on the decision, the chairman of the Chechen People’s Assembly, Dukvakha Abdurakhmanov, said that the oil industry forms Chechnya’s budget, and therefore Rosneft’s work in Chechnya needs to be absolutely transparent.

He said that parliament together with the Russian leadership will solve problems connected with the establishment of control over the oil industry step-by-step. “If we have returned to Russia as a constituent part, then we need to have full rights in the economic area, too,” he said.

Abdurakhmanov also said that the republic is interested in an increase in incomes into its budget. According to him, Rosneft gains about R17b [613m dollars] from selling oil produced in Chechnya, while Chechnya’s budget gets no more than R30m [1m dollars].

Bulat Tamaev, Grozny, Caucasus Times

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The “Free Eurasia” project is an independent media platform based in Prague, with an ambitious mission to provide the regions of Central Asia and the Caucasus with high-quality, objective and timely information in their national languages. We unite the expertise of editors and journalists working in Tajik, Uzbek, Kazakh, Kyrgyz, Circassian, Avar and Russian to break the monopoly of state-run Russian-language media and amplify the voices of local communities. Direction Our work focuses on comprehensive coverage of social, political, economic and cultural developments in Central Asia and the Caucasus, as well as the issues facing diasporas in Russia, Turkey, China and other countries. We produce news, analytical articles, video reports, podcasts, interviews and journalistic investigations. Special attention is paid to topics rarely addressed by state media: human rights violations, corruption, ethnic and cultural identity, migration and international relations. We strive to engage audiences of all ages, with a particular emphasis on young people and residents of remote regions, offering them digital content in their native languages. Goal Our main goal is to promote the development and sustainability of independent media in Central Asia and the Caucasus. We aim to strengthen the region’s informational sovereignty by expanding access to truthful sources and raising media literacy. At the same time, we support the development of national languages as key elements of identity and cultural heritage, encouraging public discussion and engagement. The project seeks to become a catalyst for building a strong civil society and defending democratic values, helping to train new professional journalists and fostering international cooperation.

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