Rusneftegaz
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  • RUSNEFTEGAZ
  • NEWS
  • ABOUT US
    • Overview
    • Company History
    • Corporate Governance
    • Board of Directors
    • Audit Committee
    • Financial Calendar
    • Documents
  • PRODUCTION
    • Overview
    • Map
    • Data
    • Trading
    • Ethics and Fraud Prevention
    • Research and Development
    • Electricity
    • Energy Efficiency
    • Sustainability
  • CAREERS
    • Overview
    • Vacancies
    • Job Applications
    • Internships
    • Training
    • Remuneration
    • Health and Safety
    • Social Policy
    • Working for Rusneftegaz
  • CONTACT
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Overview

As an ambitious and growing company, Rusneftegaz has devised a comprehensive plan to facilitate our corporate and economic development over the next decade. This includes setting strategic short and long-term goals for the advancement of all areas of our business operations, whilst also maintaining high aspirations for all those affiliated with our company, including our staff, affiliates, subsidiaries and partners. The expeditious nature of our growth over the past two decades has been primarily due to the ambitious goals and commitments set by both current and previous directors, ultimately yielding the expansion of one of the fastest-growing companies in the Russian Federation. Fundamentally, our primary corporate aim is to enhance the value of our hydrocarbons, primarily through increases in the production of crude oil, in addition to the expansion of our petroleum reserves. However, whilst such activities are financially fruitful immediately, the objective for Rusneftegaz over the course of the next ten years is to transform into a next-generation company acting as a model for other entities around the world, through the modicum of efficiency and technological effectiveness.
We seek to achieve these objectives by continuing to fulfill our technical, scientific and financial potential, whilst also upholding the highest possible standards of corporate governance and best practice. These factors, in unison with a fiscal policy with both liberal and conservative elements, should yield growth of a superior quality through efficient investment decisions in selected areas of development, but also retention of healthy cash balances as a contingency. This is evidenced in our oil business, where the long-term objective is to pursue the vertical integration of all aspects of our operations. Currently, Rusneftegaz is solely a petroleum producer, conducting only downstream and midstream undertakings. Nonetheless, within the next decade it is our aspiration to commence downstream activities, presumably through acquisition of other business or sites. In the immediate future, however, Rusneftegaz aims to maximize our revenue per barrel produced, primarily through the optimization of marketing and extraction strategies.
​This essentially entails extricating petroleum in volumes adjusted by current demand, but also involves maintaining and investing in our physical infrastructure to minimize production costs, whilst also making lasting improvements to Rusneftegaz’s operating efficiency. Funds will additionally be directed towards introducing, developing and adopting new technologies, with innovation being a key tenet of our strategy to optimize production, mitigate costs and reduce the price of proven technologies. This is particularly vital with mature oil fields, which require enhanced recovery programs to sustain sufficient extraction rates. Maximizing cost-efficient production for both our hard-to-recover and more depleted hydrocarbon reserves requires technologies that in some instances cannot be solely formulated by us internally. Therefore, we will continue to utilize, facilitate and develop partnerships with other companies, institutions and universities to collectively share experience and knowledge.
​Although our current oil operation is centered on upstream activities, recently Rusneftegaz has also rapidly expanded our midstream business, marketing petroleum products internationally to buyers around the world. Whilst we are an ambitious and growing company, we do not currently conduct any crude production or electricity generation activities outside the Russian Federation. Although we have previously ventured into commencing business across the Middle East and North Africa, pursuing schemes with unison with both national governments and the Russian Ministry of Energy, ultimately the discussions held with ministers, secretaries, and diplomats were not fruitful. Thus, the only non-domestic commerce Rusneftegaz conducts is commodities trading from a hub in New York, and it is our aim to grow both this and our other operations further and on a global scale.
​Notwithstanding the fact petroleum is a significant component of our enterprise, the advancement of our energy generation business has been a revelation, becoming a vital source of new revenues. As a result, a broader strategy was devised increasing the role of the electricity sector in our future plans, including optimizing the structure of our production capacity to improve efficiency and reduce operating costs. As per our oil enterprise, this encompasses the effective implementation of investment proposals, including undertaking new construction planning and executing upgrades to existing sites. Conversely, despite the fact it is preferable to modernize all projects and enhance energy efficiency; in some instances it is imperative to decommission assets and facilities that are no longer economically viable. All such undertakings, when arranged into a formal production program, should yield increased operational reliability for our power assets, ensuring the reliable supply of power to our customers.
​Nonetheless, whilst it is crucial to maintain profitability in the immediate future, with the energy sector currently in flux it is critical to ensure innovation is the fundamental consideration in our long-term strategic planning. Therefore, we intend to deploy the latest technologies, and create our own, to enable us to become market leaders within the next two decades. This may also incorporate expanding our energy business by entering promising and strategic markets both in Russia and abroad, should it be lucrative to do so. Overall, we believe that we have the capability to thrive in an energy transition. We also postulate that Rusneftegaz has the intellectual and financial resources to become a global leader in our field, as a result of our current efforts to engage with hydrogen and next generation power equipment.
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Rusneftegaz
Building 1
ul. 3rd Tverskaya-Yamskaya, 39
Moscow
​125047


​+7 (499) 370-65-58
enquiries@rusneftegaz.com

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Please note that this is the sole official website for Rusneftegaz and all of our affiliate companies. Any party claiming to represent or act as an agent for either Rusneftegaz is not legitimate.
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© RUSNEFTEGAZ, 2023

  • RUSNEFTEGAZ
  • NEWS
  • ABOUT US
    • Overview
    • Company History
    • Corporate Governance
    • Board of Directors
    • Audit Committee
    • Financial Calendar
    • Documents
  • PRODUCTION
    • Overview
    • Map
    • Data
    • Trading
    • Ethics and Fraud Prevention
    • Research and Development
    • Electricity
    • Energy Efficiency
    • Sustainability
  • CAREERS
    • Overview
    • Vacancies
    • Job Applications
    • Internships
    • Training
    • Remuneration
    • Health and Safety
    • Social Policy
    • Working for Rusneftegaz
  • CONTACT