Associated Gas Utilization in Russia: Issues and Prospects
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Annual Report 2010
ANNUAL REPORT 2010 Annual Creportontent 2010 s 1 2 Key performance indicators 92 board of directors and management board 4 message to shareholders 92 Governing bodies structure of JsC Gazprom Neft 9 highlights 93 Membership of the Board of Directors 100 Membership of the Management Board 12 development strategy 105 Total compensation for members of Board 18 Company history of Directors and Management Board 20 Company structure 22 Geography of operations 106 environment and innovations 26 Competitive state of the company 106 Environmental protection and safety 114 Innovation activity 31 company Key performance indicators by type of operation 119 energy and energy saving in 2010 31 Oil and gas exploration and production 122 social responsibility 41 Oil refining and regional policy 45 Production of petroleum products 122 Personnel, occupational safety, and health 46 Sales of petroleum products management 48 Premium business segments 127 Social responsibility in areas of operations 52 Export of crude oil and petroleum products 129 to shareholders and investors 54 analysis of the company’s 129 Authorised capital shareholder capital financial results of activity structure by the management 130 Share market and capitalisation 54 Definitions and recalculation methodology 132 Participation in the Depositary Receipt 54 Forecast statements Program 55 Key performance indicators for 2008–2010 134 Dividend history 56 Key financial and performance indicators 135 Observing the Corporate Code of Conduct 57 Result of activities for 2010 compared to 2009 138 asset management and 57 Production segments corporate structure 58 Changes in structure of the group 60 Performance indicators and analysis 140 credit ratings and debt portfolio 66 Results of activities management 76 Financial appendices 140 Credit rating 77 Financial indicators 141 Debt obligations 78 Additional information 142 glossary of Key terms 84 investment program and definitions 86 Key risK factors 145 appendix. -
SUSTAINABLE DEVELOPMENT REPORT 2015 Contents
SUSTAINABLE DEVELOPMENT REPORT 2015 Contents ABOUT THE REPORT 1 HUMAN RESOURCE DEVELOPMENT 52 Key themes and aspects of information disclosure 2 Goals and results of activities Significant themes and aspects of the 2015 Report 3 to develop human resource potential in 2015 54 Employee demographics 56 MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS 4 HR management system 57 Employer brand 59 MESSAGE FROM THE CHAIRMAN OF THE MANAGEMENT BOARD 6 Remuneration and social support for personnel 60 Cooperation with trade unions 62 ABOUT THE COMPANY 8 Personnel training and development 62 Mission 10 Development of the talent pool 67 Gazprom Neft values 10 Work with graduates and young professionals 68 Strategic goal 10 Goals for 2016 69 Core businesses and structure of Company 11 Geography of operations 12 SAFE DEVELOPMENT: INDUSTRIAL AND ENVIRONMENTAL SAFETY, Gazprom Neft in 2015: OCCUPATIONAL HEALTH AND SAFETY, ENERGY EFFICIENCY key financial and production results 13 AND ENERGY CONSERVATION 70 Policy and management 72 ECONOMIC PERFORMANCE AND INNOVATIVE DEVELOPMENT 14 Supply chain responsibility 75 Exploration and production 16 Stakeholder engagement 76 Oil refining 18 Industrial safety and occupational health and safety 78 Sale of oil and petroleum products 19 Goals and results of industrial and occupational Sale of petroleum products by the filling safety activities in 2015 80 station network and by product business units 20 Mitigating the negative environmental impact Petrochemistry 23 and the effective use of resources 82 Innovation 24 -
Management Report Oao Gazprom 2014
MANAGEMENT REPORT OAO GAZPROM 2014 2 CONTENT THE GROUP'S POSITION IN THE GLOBAL ENERGY INDUSTRY ................................ 3 OPERATING RESULTS ............................................................................................................. 4 Reserves and development of hydrocarbons .......................................................................... 4 Transportation of gas ........................................................................................................... 13 Underground gas storage ..................................................................................................... 16 Gas distribution .................................................................................................................... 18 Refining ................................................................................................................................ 21 Electric power ...................................................................................................................... 25 Innovation-driven development ................................................................................................. 27 Environmental protection ........................................................................................................... 28 Employees ..................................................................................................................................... 30 Analysis of financial results of operations ................................................................................ -
2020 Annual Report
Online Annual Report Gazprom Neft Performance review Sustainable 2020 at a glance 62 Resource base and production development CONTENTS 81 Refining and manufacturing 4 Geographical footprint 94 Sales of oil and petroleum products 230 Sustainable development 6 Gazprom Neft at a glance 114 Financial performance 234 Health, safety and environment (HSE) 8 Gazprom Neft’s investment case 241 Environmental safety 10 2020 highlights 250 HR Management 12 Letter from the Chairman of the Board of Directors 254 Social policy Technological Strategic report development Appendices 264 Consolidated financial statements as at and for the year ended 31 December 2020, with the 16 Letter from the Chairman of the Management Board 122 Innovation management independent auditor’s report About the Report 18 Market overview 131 2020 highlights and key projects 355 Company history This Report by Public Joint Stock Company Gazprom Neft (“Gazprom 28 2020 challenges 135 Import substitution 367 Structure of the Gazprom Neft Group Neft PJSC”, the “company”) for 2020 includes the results of operational activities of Gazprom Neft PJSC and its subsidiaries, 34 2030 Strategy 370 Information on energy consumption at Gazprom collectively referred to as the Gazprom Neft Group (the “Group”). 38 Business model Neft Gazprom Neft PJSC is the parent company of the Group and provides consolidated information on the operational and financial 42 Company transformation 371 Excerpts from management’s discussion and performance of the Group’s key assets for this Annual Report. The analysis of financial condition and results of list of subsidiaries covered in this Report and Gazprom Neft PJSC’s 44 Digital transformation operations interest in their capital are disclosed in notes to the consolidated Governance system IFRS financial statements for 2020. -
At Crossroads Current Problems of Russia’S Gas Sector
63 AT CROSSROADS CURRENT PROBLEMS OF RUSSIA’S GAS SECTOR Szymon Kardaś NUMBER 63 WARSAW MARCH 2017 AT CROSSROADS CURRENT PROBLEMS OF RUSSIA’S GAS SECTOR Szymon Kardaś © Copyright by Ośrodek Studiów Wschodnich im. Marka Karpia / Centre for Eastern Studies CONTENT EDITOR Adam Eberhardt, Marek Menkiszak EDITOR Anna Łabuszewska CO-OPERATION Małgorzata Zarębska, Katarzyna Kazimierska TRANSLATION OSW CO-OPERATION Timothy Harrell GRAPHIC DESIGN PARA-BUCH PHOTOGRAPH ON COVER Shutterstock.com DTP GroupMedia MAP Wojciech Mańkowski PUBLISHER Ośrodek Studiów Wschodnich im. Marka Karpia Centre for Eastern Studies ul. Koszykowa 6a, Warsaw, Poland Phone + 48 /22/ 525 80 00 Fax: + 48 /22/ 525 80 40 osw.waw.pl ISBN 978-83-62936-98-4 Contents EXecUTIVE SUMMARY /5 INTRODUCTION /8 I. THE UPSTREAM SecTOR /11 1. Main gas production regions in Russia /11 2. Main gas producers in Russia /14 3. Stagnation in the upstream sector /18 4. Factors underlying the erosion of Gazprom’s position /20 4.1. Negative trends in export markets /20 4.2. Declining gas consumption in Russia and fiscal burdens /21 4.3. Growing competition from the so-called independent gas producers /23 5. Resource base and prospects of gas production growth /25 6. Development of domestic gas infrastructure /29 6.1. The transmission network /29 6.2. Gas storage /31 6.3. Gas processing infrastructure in Russia /31 II. THE RUSSIAN GAS SecTOR’S EXPORT STRATegY IN 2000–2016 /33 1. Objectives of the gas sector’s export strategy /33 2. Russia’s gas exports in the years 2000–2016: export destinations and volumes /34 3. -
Annual Report
ANNUAL REPORT JSC GAZPROM NEFT 2008 WorldReginfo - 199fef0f-4a8f-43f6-ae99-556d3ef690fc ANNUAL REPORT JSC GAZPROM NEFT 2008 WorldReginfo - 199fef0f-4a8f-43f6-ae99-556d3ef690fc 1 MESSAGE TO SHAREHOLDERS 7 REGIONS OF OPERATION 13 HIGHLIGHTS OF 2008 17 COMPANY PROFILE 18 ESTABLISHMENT DATA, LOCATION 19 AUTHORIZED CAPITAL, SHARE CAPITAL STRUCTURE 20 COMPANY’S STRUCTURE 23 GAZPROM NEFT TODAY 33 COMPANY’S GROWTH PROSPECTS 39 2008 KEY PERFORMANCE INDICATORS BY TYPE OF OPERATION 40 STATUS OF THE RESOURCE BASE 40 EXPLORATION 44 LICENSING 46 OIL PRODUCTION 49 OIL REFINING 52 DISTRIBUTION OF OIL PRODUCTS 58 OIL AND PETROLEUM PRODUCT EXPORTS 60 TRANSPORTATION OF OIL AND PETROLEUM PRODUCTS 63 INVESTMENT: TECHNICAL RE-EQUIPMENT AND DEVELOPMENT OF THE COMPANY 67 PERFORMANCE AND FINANCIAL INDICATORS 68 KEY PERFORMANCE INDICATORS 70 KEY FINANCIAL RESULTS 72 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 97 MAJOR RISK FACTORS 109 CORPORATE GOVERNANCE 111 MEMBERSHIP OF THE BOARD OF DIRECTORS 117 ACTIVITIES OF THE BOARD OF DIRECTORS IN 2008 118 MEMBERSHIP OF THE MANAGEMENT BOARD 121 TOTAL AMOUNT OF REMUNERATION TO MEMBERS OF THE BOARD OF DIRECTORS AND MANAGEMENT BOARD 123 ECOLOGY, ENERGY SAVING, INNOVATION 124 HEALTH, SAFETY AND ENVIRONMENT 130 ENERGY SAVING 130 INNOVATIVE ACTIVITIES 135 SOCIAL POLICY 136 PERSONNEL, OCCUPATIONAL SAFETY AND HEALTH 138 SOCIAL RESPONSIBILITY 143 TO SHAREHOLDERS AND INVESTORS 144 STOCK MARKET AND CAPITALIZATION 146 PARTICIPATION IN THE AMERICAN DEPOSITORY RECEIPT PROGRAM 148 DIVIDEND HISTORY 150 OBSERVING THE CORPORATE CODE OF CONDUCT 153 MAJOR AND INTERESTED-PARTY TRANSACTIONS 167 ASSET MANAGEMENT AND IMPROVEMENT OF THE CORPORATE STRUCTURE 173 CREDIT RATINGS AND DEBT PORTFOLIO MANAGEMENT 180 GLOSSARY OF KEY TERMS AND DEFINITIONS 183 ADDRESSES AND CONTACTS 184 SUPPLEMENT 1. -
World Bank Document
Report No. PIC964 Project Name Russia-Petroleum Joint Venture (@) Region Europe and Central Asia Sector Energy Project ID RUPA8807 Public Disclosure Authorized Project Sponsors YUKOS Oil Corporation Kytuzovsky Prospect 34/21 Moscow, 121170, Russia Tel (7) (095) 249-0038 Fax (7) (095) 249-7638 Amoco Eurasia Petroleum Company 501 Westlake Park Boulevard Houston, Texas, USA Tel (1) (713) 366-2000 Fax (1) (713) 366-2139 Date this PID Prepared September 30, 1996 Public Disclosure Authorized Project Appraisal Date January 1997 Project Board Date June 1997 COUNTRY AND SECTOR BACKGROUND 1. Russia's oil sector accounts for a significant percentage of the country's GDP and is a major source of both foreign exchange earnings and fiscal receipts. Russia's oil resources are immense and opportunities for the sector to contribute to economic revitalization, even in the short to medium term, are substantial. Over the past six to eight years, however, the sector has performed well below potential. Production has declined at rates of up to 15 percent annually, or one Public Disclosure Authorized million barrels per day per year. 2. These dramatic declines are attributable to a number of factors, including: (a) sub-optimal technology and reservoir management; (b) distorted incentives and inefficiencies attributable to years of central planning and control; (c) a breakdown in traditional equipment supply arrangements; (d) rapid natural production declines in the old oil fields which have accounted for the bulk of Russia's production to date; and (e) lack of finance to perform required maintenance and well rehabilitation operations and/or develop new oil fields. -
Rosneft Annual Report 2012
ROSNEFT ANNUAL REPORT RESPONSIBILITY 2012 TO BE A LEADER ROSNEFT IS THE LEADER OF THE RUSSIAN OIL INDUSTRY AND ONE OF THE WORLD’S LARGEST PUBLICLY TRADED OIL AND GAS CORPORATIONS BUSINESS GEOGRAPHY: Nearly all regions of Russia and a number of foreign countries. MAIN BUSINESSES: Exploration and producton of oil and gas, production of petroleum products and petrochemicals, sale of outputs in Russia and abroad. MAIN ASSETS: • PRMS proved reserves: 18.3 billion barrels of crude oil and 992 bcm of gas; • 424 producing fields with annual output above 890 million barrels of oil and 16 bcm of gas; • 7 oil refineries in Russia with aggregate refining capacity of 54 mln t of oil per annum; • Stakes in 4 refineries in Germany with net capacity of 11.5 mln t of oil per annum; • 1,691 operating filling stations under the Rosneft brand in 46 regions of Russia and 3 filling stations in Abkhazia. COMPETITIVE ADVANTAGES: • Resource base of unique scale and quality; • Russia’s largest greenfield projects; • Lowest unit lifting costs; • Status of a Company of strategic importance for the Russian Federation. FUTURE: A global energy Company, providing consistently high returns to shareholders through sustainable growth, efficiency gains and innovation, including the design and application of new technologies. DEVELOPMENT PRIORITIES: • Maintaining production levels at existing fields and devel- opment of new fields, both onshore and offshore; • Bringing hard-to-recover reserves into production; • Efficient monetization of associated and natural gas reserves; • Completing modernization of refining capacities; • Increasing marketing efficiency in Russia and internationally; • Achieving technology leadership thanks to in-house re- search and development work and strategic partnerships; • Implementing best practice in protection of the environ- ment and industrial safety. -
17 August 2010
ABN: 76 118 108 615 Corporate Office NSX Announcement 27 May 2011 18 Oxford Close Leederville, WA 6007 P.O. Box 144 West Perth, WA 6872 T +61 8 9388 0744 F +61 8 93821411 E [email protected] W www.internationalpetroleum.com.au Company Presentation International Petroleum Limited is pleased to attach a copy of an updated Company presentation which will be referred to at the Company’s Annual General Meeting today, and used by executives in presentations in the coming weeks. Yours faithfully International Petroleum Limited Claire Tolcon Company Secretary For further information, please contact: Tony Sage David Tasker Executive Chairman Professional Public Relations International Petroleum Ltd Ph: +61 (0)8 9388 0944 / +61 (0)433 122 936 Ph: +61 (0)8 9388 0744 /+61 (0)419 905 908 Email: [email protected] Corporate Presentation May 2011 Agenda • Management Team • Recent Developments • Investment Highlights • Company’s Objectives • Corporate Overview • Asset Overview • Assets at a Glance • Krasnoleninskiy Project (Russia) • Alakol Project (Kazakhstan) • Development Plan for 2011-2012 • Conclusions 2 Management Team Chris Hopkinson William McAvock Alexander Osipov Ken Hopkins Dr Valera Beloussov Anya Belogortseva BSc (Hons) BA (Hons), FCCA MA (Hons) MSc (Econ) Director General CEO CFO VP Russia (Country Mgr) Country Mgr Kazakhstan Petroleum Engineer Kazakhstan Head of M&A • Extensive Russian, • Significant experience in • 20-year experience in • Extensive Russian, CIS • Extensive experience in CIS and International finance functions of the energy industries of and International • Extensive Russian, CIS O & G Experience mineral resource North America and CIS Experience and International • European Hydrocarbons • CEO Imperial Energy companies • VP Eastern Petroleum • Dir Exploration Caspian Experience Ltd • VP Western Siberia • GFC African Minerals Limited Energy • Group Operating • PetroKazakhstan Inc TNK-BP Ltd (AIM: AMI) • VP Geneco Inc. -
The East Siberia/Pacific Ocean (ESPO) Oil Pipeline: a Strategic Project – an Organisational Failure? N T a R Y M E Wojciech Konończuk C E S C O M
ces Commentary i s s u e 2 | 2 2 . 0 . 2 0 0 8 | c e ntr e f or e A s T e rn s T u d i e s The East Siberia/Pacific Ocean (ESPO) oil pipeline: a strategic project – an organisational failure? N T A R y M e Wojciech Konończuk c e s c O M The East Siberia/Pacific Ocean (ESPO) oil pipeline is currently the most important and expensive investment in the Russian energy sector. Although this Far Eastern pipeline is rarely mentioned in the European media, this t u d i e s is a strategic project for Russia and is far more significant than other s widely publicised energy projects such as the North Stream Pipeline. On one hand, the new oil pipeline is expected to trigger the development a s t e r n of oilfields in East Siberia, which is planned to become a key oil production e centre for Russia in the future, especially in the face of decreasing pro- duction volumes in western Siberia. This grand infrastructural project is thus expected to be a catalyst for development of the entire Far Eastern e n t r e f o r c region. On the other hand, the ESPO is intended to diversify Russian oil and gas exports by increasing Russia’s presence on Asian markets, so that Europe is no longer the monopolistic consumer of Russian energy reso- urces. Moreover, the ESPO construction’s unusually high costs seem to N T A R y suggest that economic reasons are not the only ones which have brought M e about the practical implementation of the project. -
View Annual Report 2009
Annual Report Full-scale efficiency Rosneft is the leading Russian petroleum company and ranks among the world’s top publicly traded oil and gas corporations Regions of operations: the Company’s operations extend to almost all regions of Russia and several foreign states Core activities exploration and production of oil and gas, production of petroleum products and petrochemicals, and marketing of outputs in Russia and abroad Strong and Diversified Portfolio: proved reserves: 18.1 bln barrels of oil and 816 bcm of gas 395 producing fields with output of 2.2 mln barrels of oil per day and over 12 bcm of gas per year 97 exploration blocks, access to over 47 bln barrels of oil equivalent of prospective recoverable resources 7 refineries with an aggregate capacity of 1.1 mln barrels per day 1,690 filling stations in 39 regions of Russia Sustained Competitive Edge unique and highly efficient reserve base Russia’s biggest new upstream projects lowest upstream operating expenses per tonne Russian strategic enterprise more than 20% of Russia’s oil production and refinery throughput proprietary export terminals Strategic objective: to be among the world’s top 3 oil and gas companies by overall efficiency and scale of operations Rosneft Oil Company Annual Report 2009 Contents Chairman’s Address 4 President’s Address 8 Key Events in 2009 12 Vankor: A Key Oil Project for Modern Russia 14 Company Profile 28 History 30 Structure 32 Rosneft Today 34 Development Prospects and Strategy 38 Performance Review 40 Licensing 42 Geological Exploration 45 Reserves -
Russia Background
‹ Countries Russia Last Updated: September 18, 2012 full report Background Russia holds the world's largest natural gas reserves, the second-largest coal reserves, and the ninth-largest crude oil reserves. Russia is a major producer and exporter of oil and natural gas and its economy largely depends on energy exports. Russia's economic growth continues to be driven by energy exports given its high oil and gas production and the elevated prices for those commodities. Internally, Russia gets over half of its domestic energy needs from natural gas. Russia was the world's second-largest producer of oil (after Saudi Arabia) and the second- largest producer of natural gas in 2011 (second to the United States). However, preliminary data through June 2012 indicate that Russia had surpassed Saudi Arabia as the top crude oil producer in four out of the six months. Russia's oil and gas sector continues to be affected by high taxes and export duties. While export duties for crude oil and petroleum products were lowered to 60 and 65 percent, respectively, in 2011, producers still face high mineral extraction taxes and a revenue-based tax system. Oil Russia was the second-largest producer of total petroleum liquids in 2011, second only to Saudi Arabia. During the year, production averaged more than 10 million bbl/d. Russia's proven oil reserves were 60 billion barrels as of January 2012, according to the Oil and Gas Journal. Most of Russia's resources are located in Western Siberia, between the Ural Mountains and the Central Siberian Plateau and in the Volga-Urals region, extending into the Caspian Sea.