News

Rusneftegaz can announce our preliminary schedule for the next fiscal year, with the disclosure of our consolidated financial statements on 5 April 2016 serving as the central highlight amidst a crucial year for our organization. Immediately thereafter, our Annual General Meeting is set to occur later in the same week, providing us with the opportunity to engage with our key stakeholders and deliberate on both our immediate and long-term plans. At present, this is scheduled to occur on 8 April 2016, although this date is subject to change prior to any further updates. In accordance with our established protocols, we can also outline our enduring commitment to furnishing full quarterly production reports within four weeks of the conclusion of each reporting period. However, it is imperative to recognize that there may exist discrepancies regarding the time this information is disseminated between our affiliates and when such material is available on our website. 

​Conversely, it is perhaps more pertinent to highlight that in the next few weeks we anticipate a reduced capacity to address all nonessential matters, including inquiries received via email and telephone, owing to the staff vacations coinciding with the Christmas and New Year holiday. The impending upheaval, scheduled from 24 December 2015 and 11 January 2016, will exclusively affect our administrative functions and will have no impact on our other operations. Hence, it is of utmost importance that all correspondences be forwarded to us as soon as possible to ensure a timely response. All messages received during this period will be carefully monitored and responded to if it is deemed necessary. At the conclusion of this timeframe, we will endeavor to address all outstanding communications within one working day. The full details of the provisional calendar can be reviewed in its entirety on our official website, and although these dates are liable to be modified at the discretion of the board, management considers any such alterations unlikely at this time. All inquiries regarding this bulletin should be submitted promptly via the customary channels at the earliest convenience, principally to guarantee a response before our ability to do so is limited. We greatly appreciate your cooperation and understanding in relation to this matter.

Rusneftegaz marked the end of an eventful year by hosting an annual awards ceremony for all those who have made an outstanding contribution to our development over the past twelve months. The event took place last Friday in Moscow, where we were joined by a large contingent of executives and dignitaries who have been instrumental in our recent transformation. After the appointment of a new board of directors in February, during which four of the five members were replaced, the incoming leadership quickly revised our corporate strategy to further our ambitions for the next ten years. Principally, this included an express desire to expand our operations internationally, with our organization undertaking measures to ensure this is realized as soon as it is practical to do so. As a result, we have been actively engaged in negotiations across a plethora of nations in both the Middle East and North Africa, namely Algeria, Egypt and Iran. Whilst we believe that such talks shall be fruitful in the immediate future, all these discussions would not have been possible without an extraordinary effort from many of our personnel, who were all rewarded on the night itself for their endeavors. That evening, our Deputy Chief Executive Officer, Aleksandr Filyurin, delivered the following remarks in response: 

“Firstly, the board and I would like to place on record our congratulations to all the winners of these awards, I think it is important to recognize what our staff have achieved over the past year, and I think that this is one of the most effective ways of doing so. I would also like to thank all the staff I have met since I joined Rusneftegaz, each of them has been very welcoming, and I have been impressed by their commitment and work ethic. We have obviously come here with big plans for the future, and I am confident that all our staff are capable of helping us execute these plans. It is a very exciting time to be here. We are having great success with our international expansion, and we are also looking at making large investments in key areas of our current business. It is not an unrealistic prospect that Rusneftegaz will have been completely transformed in the next five years. I know that this company has tried to expand before, and there are still some employees that remember what happened, but this time we are going to do things very differently. We are going to be strategic and conduct research before we make any big commitments, and we will prosper in the future because of what we are doing now.” 

Although there were many worthy contenders, the major prizewinners were Lavrenti Voronin and Fedor Sokolovsky, who were named as employee and young employee of the year respectively. As one of the few French-speakers working for us, the former has been particularly vital in our efforts to enter the Algerian market, arranging a formal dialogue with both their government and companies that operate in the region. In contrast, the latter has emerged as one of our leading commodities traders over the past twelve months, despite only being recruited last year. As such, he is the youngest to have ever held such a role in the history of our enterprise, and this award is a testament to both his intellect and dedication to the role. On a more serene note, we also collectively paid tribute to our highly respected colleague Dmitriy Korolev, who unexpectedly died seven weeks ago at the age of fifty-three. He was widely admired by his friends at Rusneftegaz, where he enjoyed a career spanning over a decade and will be sorely missed by us all. Such tragic events act as a reminder as to why it is always crucial to acknowledge the success of each member of our workforce, and we will do our utmost to do so for the foreseeable future.