Who is OAO Uralsibneft?

Question

Who is OAO Uralsibneft?

Answer 1

OAO URALSIBNEFT is one of the world's biggest vertically integrated companies for production of crude oil & gas, and we are into refining petroleum products and petrochemicals. Our Company is a leader in Russian and international markets in its core business, every day millions of people in 30 countries of the world buy our products, and use those products to improve the quality of their lives, every day more than 150,000 people unite their efforts and talents to give our Company leading market position.

OAO URALSIBNEFT is one of the leading global independent energy companies. Our vision is to maximize shareholder value by enhancing financial performance and providing long-term profitable growth. We are committed to meet the highest standards of corporate citizenship by protecting the health and safety of our employees, safeguarding the environment and creating a long-lasting, positive impact on the communities in which we do business. We have a strong leadership team and a global organization, implementing a focused strategy that is positioning OAO URALSIBNEFT for long-term financial performance.

OUR GOALS

OAO URALSIBNEFT purpose is to harness natural energy resources for human benefit, We aim to support long-term economic growth, social stability, prosperity and progress in the regions where we operate, as well as caring for the environment and ensuring sustainable use of natural resources, We want to achieve consistent and long-term growth of our business, transforming OAO URALSIBNEFT into a leading global energy company, We want to be a reliable supplier of crud oil, petroleum products and hydrocarbons on the international energy market.

OAO URALSIBNEFT sets itself the objectives to create new value, maintain business stability and provide shareholders with high return on their investments through asset value appreciation and cash dividends, OAO URALSIBNEFT will use all available means to achieve these objectives, including further efforts to reduce costs, operating efficiency increases, improvement of product and service quality, and application of the latest technologies. By statistics as a major in efficiency, crediting and supply to our European, American, African, Asian partners. Our term of professionals provide qualitative multi-market services and duly deliveries of natural Gas/Crude oil by-products and equipments to our partners, being a link between factories-manufacturers and end user. In the year 2005/2006 our total export in direct contract exceeds our budget limit of 950 million tons in 2005/ 1200 million tones in 2006. We work with people for people. We search for the approach to each partner operating professionally operatively and flexible considering realities of today’s market.

OAO URALSIBNEFT business is first of all targeted at the domestic market. With its basis in downstream business the Company has been increasing its assets and extending its activity to related branches: exploration and production, transportation and transshipment of crude oil and petroleum products. A strong advantage of the Company is that it possesses its own retail and wholesale networks. In addition, geography of the networks is favorable in terms of refineries location and networks are close to the markets and capable to offer a whole set of services to various customers segments. This factor, as well as the growing effective demand for petroleum products, adds to OAO URALSIBNEFT sustainability in the market, ensures the efficiency of its operations.

To consolidate competitive advantages, to expand Company’s market share via products and services quality improvement with simultaneous cost reduction, we are implementing the development programs of Company’s main chains that are scheduled for a period up to 2010. Companies of world-known brands come forward as our partners in the development programs. The management of OAO URALSIBNEFT continuously attends to the increase of investment attractiveness of the Company, its business transparency and its compliance with high standards.

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OAO URALSIBNEFT headquartered is in Moscow and is governed by a multinational management team with experience of working in over 50 different countries. A blend of the best international and Russian talent ensures accelerated introduction of world—class technology, project management, corporate governance and best Health, Safety and Environment practices. The company has committed to spend $2.2 bn over the next five years in order to achieve an industry-leading position in this field. OAO URALSIBNEFT employs approximately 150, 000 people, mostly located in eight major areas of if it operations world wild.