A preliminary calendar for the forthcoming fiscal year has been published by Rusneftegaz, highlighting the planned release of our consolidated financial statements on 7 April 2020 as a key event amidst a year of substantial endeavors. Immediately thereafter, our annual general meeting is scheduled to occur during the same week, serving as a platform for meaningful dialogues with our primary stakeholders regarding our short and long-term strategies. Currently, the specified conference is planned for 10 April 2020, although it is important to acknowledge that this date is subject to alteration prior to any subsequent notifications. In accordance with our customary practices, we plan to continue the distribution of complete quarterly production reports within a span of four weeks following the culmination of each reporting period. However, it is essential to recognize that discrepancies may arise concerning the timing of information dissemination to concerned parties, and the subsequent upload of said material onto our website. 

​Moreover, it is crucial to note that in the immediate future, we anticipate a limited capacity to address nonessential matters, both through email and telephone, due to staff vacations coinciding with the Christmas and New Year holiday. The forthcoming disruption, which will transpire from 24 December 2019 and 9 January 2020, will have no impact on our other operations and will solely affect our administrative functions. Therefore, it is crucial that all correspondences be promptly submitted to us to secure a response. Nevertheless, we can assure all those affected that all messages received during this period will be closely monitored and attended to if deemed essential. Following the conclusion of this designated timeframe, we will diligently strive to address all pending communications within one working day, as will our affiliates and subsidiaries who are likewise affected by this event. The full provisional calendar is available to view on our official website, and while the dates provided above are subject to potential adjustments at the discretion of the board, the management presently deems the likelihood of such alterations as minimal. We urge anyone with queries concerning this announcement to contact us via the customary channels at the earliest convenience, principally to ensure a timely response before the reduction in our capacity to do so arises. We request your cooperation and understanding regarding this pertinent subject.

Rusneftegaz feted the end of our twentieth anniversary year by holding our annual awards ceremony in Moscow three days ago, where we collectively celebrated the achievements of our personnel throughout the last twelve months. In what was an enjoyable evening for all our attendees, we marked what has been a transformational period for our company in which we finally realized many of the plans and visions set forth almost half a decade earlier. This is exemplified by our announcement in September that we will open our first international trading office, which we believe will become a key element of our commercial strategy in the long term. Whilst this is only one component of our broader global expansion plan, we are continuing to make rapid progress in all areas of our enterprise, and anticipate this enduring into the foreseeable future. On the night itself, our Deputy Chief Executive Officer, Aleksandr Filyurin, issued the following statement: 

“I would like to send my congratulations to all those who have received awards this evening, this year we had a very strong group of nominees, and choosing the winners was very difficult. Each of them has made a major contribution to Rusneftegaz in some form, regardless of whether that has been over our entire twenty-year history, or just more recently. I always think that at times like this is a good time to reflect, not only on the last year, but on the twenty-year life of this company. We have obviously had our ups and downs, but I think that together we should be proud of what we have achieved. If you think back to how the oil industry in this country was back then, we have prospered when others have fallen, and now we are in the best situation that we have ever been in. I think everyone who has been on this journey with us should be proud of themselves, we have built something great here, and I think in another two decades time we will be reflecting on this as the beginning of something bigger than we ever envisaged.” 

The major winners on the day were Kazimir Romanov and Stanislav Yakovlev, who were named as employee and young employee of the year respectively. The former was rewarded for his visionary work establishing our new operation in New York, conducting hundreds of hours of additional research to enable us to expedite this process ahead of our planned schedule. Similarly, the aforementioned youngster is widely considered the finest prospect amongst his peers, and has thus been duly acclaimed for his endeavors. At the same time, we also bestowed eight of our staff with special long-service awards to recognize each of those who have now been employed with us for twenty years, a remarkable achievement in any profession. We hope that we are able to distribute more of these honors soon, and will continue to do our utmost to acknowledge the efforts of each member of our workforce. We remain particularly grateful to all of them for another year of success, with the outlook for the immediate future being wholly positive, and there are many reasons to be optimistic about our imminent prospects. 

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 Dmitri Kozhevnikov 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, Kozhevnikov 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, Kozhevnikov 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.