The administration of RussianOilFund (russianoilfund.com) sent out a newsletter giving details about the business activities. RussianOilFund provides access to foreign investments to Russiaâ€™s petroleum reserves. The administration of ROF informed that it is using ESPO oil to increase the profits. ESPO stands for "East Siberian-Pacific Ocean". Due to ESPO pipeline, Japanese and South Korean refiners are purchasing more ROF contracted oil as they are getting access to Russian oil (as per the administration):
"ROF contracted oil has been increased 1.8 million barrels thus far in 2010 compared with 2009; a healthy increase as the ESPO continues to connect Russian oil with the Asian markets at lower shipping costs than Dubai crude.
The ESPO's first 2,757 kilometers were completed last year. The pipeline has helped the ROF boost its competitively amongst Middle Eastern agents."
Such business activities are generally considered doubtful in this world of High Yield Investment Programs and no one can know for sure that the administration of the program is serious about their intentions until things are proved to us. However, we believe that ROF will show that they are really engaged in offline business and we will receive more updates regarding their development and trading activities soon.
RussianOilFund offers reasonable rate of returns. There are 4 levels in which you can invest.
Level 1 offers 2.0% daily interest with $10 minimum amount of investment and $1,999 as maximum amount.
Level 2 offers 2.3% daily interest with $2,000 as minimum investment and $3,499 as maximum amount of deposit.
Level 3 offers 2.6% daily interest with $3,500 as minimum investment and $4,999 as maximum deposit.
And at last level 4 gives 2.9% daily interest with $5,000 as minimum investment and there is no maximum limit in this plan. The plan runs for 90 calendar days but you will be paid and earn interest only on business days.
The referral commission is 5% but as a case of promotion for the program the referral commission is increased to 7% till 15th November, 2010 ending at Midnight EST.
P.S. You can find all news about this program here: Search for hyips news from russianoilfund.com