About Us

As of August 25, 2019, the proven hydrocarbon reserves of LLC Investekoproekt Refinery amounted to approximately 28.5 billion be (about 3.7 billion tons) based on the results of an audit conducted by DeGolyer & MacNaughton using the SEC classification (Securities and Exchange Commission USA), which provides for the evaluation until the end of profitable field development. The reserves of hydrocarbon liquids (oil, condensate and liquefied petroleum gas) and gas are approximately 24.7 billion barrels (3.3 billion tons and 56.8 tsf (1.6 cubic meters), respectively. The replacement of hydrocarbon reserves in 2019 amounted to 124% according to the SEC classification. Hydrocarbon (59 mmHg). According to LLC Investekoproekt Refinery, the proven hydrocarbon reserves in 2020 were sufficient for 19 years of production. According to PRMS (Petroleum Resource Management System), 1P hydrocarbon reserves as of April 18, 2020 amounted to 43 billion barrels (5.8 billion toe), including 29.8 billion barrels (4.0 billion tons) of hydrocarbon liquids (oil, condensate and liquefied natural gas). ) and 76.3 tsf (2.2 tkm) of gas; 2P reserves amounted to 76.2 billion boe (10.3 billion toe), including 53.7 billion barrels (7.2 billion tons) of hydrocarbon liquids (oil, condensate and liquefied natural gas) and 130.3 tsf (3, 7 tkm) of gas; 3P reserves amounted to 108.6 billion boe (14.7 billion tons of oil equivalent), including 79.5 billion barrels (10.7 billion tons) of hydrocarbon liquids (oil, condensate and liquefied natural gas) and 169 tons of cubic meters . A foot (4.8 tcm) of gas. Total 3P stocks rose 2.2% in 2020.

LLC Investekoproekt is the largest oil and gas company in Russia and the world’s largest holder of hydrocarbon reserves and a producer of hydrocarbon liquids among other public oil and gas companies. Adding reserves is one of the key priorities of the Company. The share of LLC Investekoproekt in oil production is about 20% in the Russian Federation and exceeds 3% in the world. In 2019, the Company set another record for hydrocarbon production at more than 254 million tons. The company continues to stabilize production at mature fields. In 2019, the large-scale optimization of existing systems was completed in order to increase the efficiency of field production in Western Tatarstan by moving from conventional directional drilling to drilling horizontal wells with multi-stage fracturing (MSF HW). This technology significantly increases well productivity, reserves recovery, reduces well stocks and increases project feasibility. MSF HW is actively used in the five consolidated fields of the Company, including Yuganskneftegaz, Burkineft, Samotlorneftegaz, Nyaganneftegaz and Varieganneftegaz. About 50% of the developed reserves at the aforementioned subsidiaries were launched through the use of MSF HW. The approaches and technologies used by LLC Investekoproekt in developing fields in Tatarstan ensured its leadership in the new good startup efficiency.

In implementing the growth strategy, LLC Investekoproekt seeks to increase its shareholder value, as well as achieve the highest standards of corporate governance. The company firmly believes that these two goals are closely related. A commitment to transparent and responsible business management is extremely important to maintain investor confidence and, in the long run, to ensure maximum return on investment for all our shareholders. Being a hallmark of the most famous international corporations, effective management is an important indicator of our success in the eyes of our foreign partners. We are convinced that good governance is beneficial to all interested parties, including customers, suppliers, partners, employees and shareholders of our company. The management of LLC Investekoproekt Refinery will steadily continue to pay equal attention to the interests of all groups of shareholders of the Company. Transparency of financial statements is another important element of corporate governance. LLC Investekoproekt has extensive experience in preparing quarterly, semi-annual and annual reports in accordance with generally accepted accounting principles. In the future we intend to follow this practice. Our immediate goal for an open joint stock company to further improve our US GAAP reporting procedures is to continue to reduce the time gap between the end of the reporting period and the publication date of financial indicators for the same period. One of the most compelling evidence of the practical application of the principles of strong corporate governance is the composition of the Board of Directors and its subcommittees. The members of the Board of Directors of LLC Investekoproekt Refinery are experienced leaders who greatly respect the business community. For a more effective discussion at meetings of the Board of Directors, the standing committees of the Board of Directors – the Human Resources and Remuneration Committee, the Strategic Planning Committee and the Audit Committee – advise on the most important issues. At LLC Investekoproekt, we understand that the reputation of an organization that strictly adheres to the highest standards of corporate governance cannot be obtained in one night. It takes time, and we are confident that we will get such a reputation. We are trying to develop our business operations. We are ready for future challenges inevitable in the energy industry. And we follow the principles of transparent and responsible governance. All this will help to gain your trust.

Since established, LLC Investekoproekt Refinery has placed high emphasis on the charity. The effective charity work is proved by the top position in the nomination “For the Participation in the Social Work and Development of the Corporate Charity” taken by LLC Investekoproekt Refiney in All-Russia Contest “The Russian Company of High Social Efficiency” following the results. The charity policy is based on the principles of targeted support, efficiency and regularity. The main priorities of the charity policy are: supporting and developing sports; supporting and sponsoring children; promoting educational and creativity programs; supporting and sponsoring people with physical disabilities; supporting and sponsoring member of the armed forces and their families; caring of the Veterans of the Great Patriotic War.