lrkutsk Polymer Plant LLC (IPP LLC, 100% subsidiary of Irkutsk Oil Company, LLC) has selected Univation Technologies’ UNIPOL™ PE Technology for new polyethylene plant to be located in Ust-Kut, lrkutsk region, in the Russian Federation.
INK-StroyNefteGaz, LLC, the Irkutsk Oil’s subsidiary will focus on construction of sites, pipelines, well pads facilities, and various engineering infrastructure. The company was registered on 22 February 2018.
The chairman of Irkutsk Oil Company, Nikolay Buynov, participated in the largest annual industry forum, CERAWeek, held in Houston, the US energy capital. He spoke at the panel on March 7th along with the Minister of Energy of the Russian Federation, Mr. Alexander Novak, and other leaders of the Russian oil industry. Nikolay Buynov presented Irkutsk Oil Company as one of the forerunners in the sector of independent oil-producing companies in Russia.
On December 16 in Tokyo, during the visit of President of the Russian Federation Vladimir Putin, Japan Oil, Gas and Metals National Corporation (JOGMEC, President Keisuke Kuroki) and Irkutsk Oil Company (INK, Chairman of the Board of Directors Nikolay Buynov) signed a Memorandum of Understanding to negotiate on future joint exploration project.
The women’s bandy competition (for women under the age of 17) will be held in 2017 through February 22-26th in Irkutsk and Shelekhov. The Irkutsk Oil Company contributed five million rubles to the competition this year. The company has sponsored the same bandy competition three years ago, but it was for men.
Irkutsk Oil Company discovered a new gas condensate field at the Byuksky block in the Republic of Sakha (Yakutia). After a report on the area was examined, the State Committee for Reserves approved results and booked reserves on December 28th, 2015. The field reserves have been estimated to contain up to 13.5 billion cubic meters of gas.
INK’s official website, www.irkutskoil.ru, landed 2nd place in a competition ranking the best corporate websites of Siberia as of 2015.
The Irkutsk Oil Company won the auction for the right of geological studies and resource exploitation on Verkhnenepsky (Northern) block located in the Irkutsk region. The auction took place on December 18, 2015, in the Department of Geology and Licensing in the Irkutsk region.
The title of “Best Oil Company in Eastern Europe” was bestowed upon INK, making it the recipient of the award for the fourth consecutive year
The World Finance award is a testament to INK’s leadership in the Russian oil sector, a reminder that INK’s human talent, innovative approaches, and stable expansion outshines its competition. In 2015, in spirit of the previous statement, INK increased its oil production by 140% (in 9 months), advanced its infrastructural development, and expanded its potential in the oil market.
On October 27th, INK unveiled its newest addition - The Museum of INK’s History. This novel museum showcases the development of the company as the East Siberian upstream producer. In it one will find a wide variety of INK related exhibitions, including archival documents and photos, samples of the rock cores, parts of machinery used for oil drilling, and documentaries concerning the company's history. All this will exhibit the successful past of INK and show the road to its bright future.
The most prominent Russian business news agency, RosBusinessConsulting (RBC), published a list of the Top 500 largest companies in Russia, the ranking determined by the total revenue and profit.
Irkutsk Oil Company cumulatively produced its 15-millionth ton of hydrocarbons on June, 5 2015 since its inception in November 2000.
The newly constructed office center “Astra”, Irkutsk Oil Company’s current headquarters, received the Commercial Real Estate Federal Award 2014 in category of ‘Business Center of B Class’. Astra office complex was built by “Activ” group with the involvement of Irkutsk Oil Company itself. The annual commercial Real Estate Awards was established in 2003 by the industry business community initiative and has already proved itself as a prestigious title. Winning the Awards is viewed by INK as an important achievement as it helps with the promotion of the company image on both the Russian and international market.
Irkutsk Oil Company’s headquarter has been relocated into a new office under the address of Bolshoy Liteyniy prospect, 4, situated in the Irkutsk business center, known as ‘Irkutsk-City’. In a mere two weeks, over 250 tons of office equipment, furniture, documents, and personal belongings have been moved into the new properties. Moreover, the transportation and collection of furniture was tasked to three respectable contractors who completed their job efficiently. It is fair to note that a fair percentage of the furnishings was taken and split, a portion sent to the Ust’-Kut branch and a portion given to charity (orphanages, poor families, etc.).
On November 13th 2013, Irkutsk Oil Company and all companies which are part of the INK Group received an integrated management certification under two international standards: ISO 14001: 2004 + Cor 1: 2009 (Environmental Management System), BS OHSAS 18001: 2007 (Occupational Health and Safety Management System). IQNet and DQS Holding GmbH, the world leaders in industrial certification, attested this certification.
On September 24, 2013, Mr. Kawano Hirobumi, President of Japan Oil, Gas and Metals National Corporation (JOGMEC), Japanese state run company, announced that the joint project between JOGMEC and INK in Eastern Siberia (INK-Zapad) had moved to a new stage after joining of ITOCHU Corporation and INPEX CORPORATION, two major Japanese private companies, to the project as shareholders of JASSOC, which is a subsidiary of JOGMEC holding 49% in INK-Zapad
INK-Capital is pleased to announce changes in the shareholders' structure. As a result of the transaction between the European Bank for Reconstruction and Development (EBRD) and Goldman Sachs International (GSI), the EBRD’s stake has decreased to 4.4% and GSI has become a shareholder with a stake equal to 3.75% of INK-Capital’s charter capital.
On September 2, just a few days before the celebration of Oilman Day in Russia, Marina Sedykh, Chief Executive Officer of Irkutsk Oil Company, met Sergei Kulygin on the ‘Strategy of Success’ TV show aired on AIST-TV (Irkutsk). Marina Sedykh was asked about various issues, including commissioning of the Russian spur of the Russia-China oil pipeline, re-injection of gas into the formation at the Yarakta field, new job creation, and social and economic cooperation.