Rusneftegaz is delighted to announce that we have now completed a key phase of our global expansion plan by becoming the first major Russian oil company to open an office in the United States of America. This new trading hub, which has been planned by our executive leadership from 2015 onwards, is expected to commence full operations in the early months of next year. Its immediate corporate undertaking will be to focus on the marketing of both domestic and our own products worldwide, prior to developing a more comprehensive commercial operation at a later date. This will principally entail acquiring cargoes from all corners of the globe, before selling each shipment to the highest bidder. Since this proposal was originally conceived over four years ago, our management board has worked diligently to form the relationships pivotal for this enterprise to thrive. This has involved forming numerous contacts within this particular sector, such as with the managers and employees of tank terminal facilities positioned all around the world. Although the former is vital to guaranteeing that we sustain adequate storage for our inventories, we have similarly generated a rapport with the executives of shipping companies, who maintain the capacity to transport our goods to every corner of the planet. Perhaps the most imperative of these links is with our fellow petroleum producers and refiners, from whom we can acquire considerable volumes of hydrocarbons for resale in due course. Likewise, we have invested a substantial amount of time getting acquainted with the businesses that trade such commodities, and can therefore cooperate with in the future. To facilitate this, we recently appointed David John as our Director of Trading, a man who has accumulated extensive experience in this field in a long and distinguished career. Following the news of this announcement, John remarked:
“I am excited by the opportunity to work for Rusneftegaz. Since I joined, I have been very impressed by the friendliness and work ethic of all the staff I have met. When I met the directors here, I knew that this was a project that I wanted to be involved in. I have always enjoyed working in commodities trading, and am delighted by the opportunity to help build a successful team here at Rusneftegaz. I am excited by the future and look forward to help making this a success.”
Throughout this line of work, John will be ably assisted by Igor Migunov, who has served as our Director of International Operations since earlier this year. The latter has taken a central role in the formation of this business, and will now take a supervisory role overseeing this scheme in conjunction with his other duties. It should also be noted that he was also remarkably important in the selection of the location of our office, finally choosing the largest and most populous city in the United States of America after long and elaborate deliberations. Whilst we assessed several nations and settlements before settling on our final choice, including both Geneva in Switzerland, the British capital of London and Dubai, the fastest-growing city in the United Arab Emirates. A site in New York was primarily chosen by our leaders to capitalize on the significant Russian-speaking diaspora in the area, and thus also an abundance of multilingual citizens from our homeland. Although this was a sizable incentive in our judgement and resolution of this matter, the state in which we are to be located is both easy and convenient to travel to, in addition to enabling us to access ample space to expand further. It also provides all those we collaborate with strong legal and judicial protections to work with us in utmost confidence, ultimately granting the guarantees that are essential to constructing the long-term contractual partnerships to function in this industry. Depending upon the outcome of this undertaking, we are receptive to the notion of opening offices in all the aforementioned places in the near or distant future, and intend to review this decision at an appropriate time in order to devise a suitable strategy accordingly. This will be contrived by the previously mentioned Igor Migunov, who in response to the inauguration of our first worldwide hub stated:
“When I first joined Rusneftegaz in March, I was conscious of the brief that I was asked to fulfil, and now we have taken our first steps to do so. It was very hard work. I am very proud of all the members of my team who worked many long hours to deliver this project. We will now continue to work hard to ensure that this project is successful. I will now renew my focus to achieve further international expansion with our plan to purchase new energy infrastructure in India later this year. Overall, I am very pleased with the progress we have made so far, and I am determined this will continue.”
Unlike the trading operations of other Russian oil companies, which operate autonomously and with alternative branding, ours will retain the Rusneftegaz name and will serve under the direct control of our executive leadership in Moscow. We believe that such an arrangement will expedite the growth of this enterprise, which is projected to double in size every twelve months for the next two years. With such a rapid rate of enlargement, we expect that we will have the opportunity to establish ourselves as a major player in this sector in a short amount of time as a consequence of our impressive intellectual and financial resources. This will also allow us to form more integrated relationships with both global and national exchanges, chiefly the Intercontinental Exchange, the Chicago Mercantile Exchange and the Saint Petersburg International Mercantile Exchange. However, the innate complexity of all such trade will also result in our corporation forming a team of experts to mitigate fluctuations in the value of both commodities and currencies, both of which are crucial to the long-term success of this enterprise. This process, known as hedging, is to be conducted in conjunction with a range of associated activities designed to preserve and diversify our existing revenue streams, and thus alleviate the risk of such volatility and simultaneously broadening the sources of our income. We invite any interested parties to inquire pertaining to this new line of business via the telephone number, email address or the form listed on the contact page of this website, particularly regarding the new employment opportunities we shall have. In spite of this, please be aware that our existing commercial policies are to remain, and thus we will not be accepting solicitations from those who do not conform to our rigorous and high standards. For these prospective buyers, we continue to recommend that any such purchases should be directed through a reputable broker.
