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INK Contributed 6.7 Billion Rubles, in Taxes, to the Irkutsk Region’s Government in the First Half of 2017
August 14, 2017

INK Contributed 6.7 Billion Rubles, in Taxes, to the Irkutsk Region’s Government in the First Half of 2017

Tax payments of INK and its subsidiaries (collectively, INK Group) to the consolidated budget of the Irkutsk region in the first half of 2017 amounted to 6.7 billion rubles, an almost 150% increase relative to the same period in 2016.

Ramboll Environ evaluates the environmental impact of the Utsk-Kutsk polymer plant
May 24, 2017

Ramboll Environ evaluates the environmental impact of the Utsk-Kutsk polymer plant

Spanning May 16 to May 19, the polymer plant in city of Ust-Kut expected a lengthy analysis process, one that examined both the environmental and the socioeconomic impact of the facility.

Irkutsk Oil Company will contribute more than 100 million rubles to various social programs in the Irkutsk region
March 30, 2017

Irkutsk Oil Company will contribute more than 100 million rubles to various social programs in the Irkutsk region

Irkutsk Oil Company has signed an additional agreement based on social and economic cooperation with the Irkutsk regional government of 2017. For the past few years, the Irkutsk Oil Company has been sponsoring various regional programs and events, but this year the donations will exceed100 million rubles. The Group implements major projects in four municipal districts - Ust-Kutsky, Nizhne-Ilimsky, Kirensky, and Katangsky.

Irkutsk Oil Company Sponsors the Women’s World Bandy Competition
December 15, 2016

Irkutsk Oil Company Sponsors the Women’s World Bandy Competition

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.

INK Sponsors the Siberian Youth Boxing Championship
February 16, 2016

INK Sponsors the Siberian Youth Boxing Championship

INK took the onus of sponsoring the Siberian Youth Boxing Championship, a tournament for aspiring boxers between the ages of 15-16. On February 14th, in sports hall “Trud”, the Championship concluded with the decisive victory of the Irkutsk regional team, which boasted a victory of 4 gold medal, one silver medal, and three bronze medals.

Two bronze compositions, dedicated to workers of INK, were erected at the entrance of the INK headquarters.
November 27, 2015

Two bronze compositions, dedicated to workers of INK, were erected at the entrance of the INK headquarters.

The opening ceremony, accompanying the raising of the bronze sculptures, took place on November 26th, at the entrance of the INK headquarters. The statues were dedicated in honour of the company’s 15th anniversary, and the 10th anniversary of its subsidiary, “INK-Service”.

The Museum of INK’s History officially opens
October 28, 2015

The Museum of INK’s History officially opens

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.

INK helps forest-fire fighting teams
August 25, 2015

INK helps forest-fire fighting teams

Once again, Irkutsk Oil Company proves its unwavering commitment to the community and environment of the Irkutsk region. When fires began to rage over the forests of the Olkhonsky, Kachugsky, and Bayandaysky districts, the forest destruction was greatly minimized by Irkutsk Oil Company’s prompt donation of over 500,000 rubles to the regional forest-fire fighting team.

The Central Council of Society for Nature Conservation thanked IOC for its partnership
December 29, 2014

The Central Council of Society for Nature Conservation thanked IOC for its partnership

In December 2014, All-Russian Society for Nature Conservation presented special awards to its partner organizations during its end-of-year meeting. Irkutsk Oil Company was granted a diploma for its large contribution to the organization and its nature conservation events.

Irkutsk oil workers helped social facilities of northern villages
December 19, 2014

Irkutsk oil workers helped social facilities of northern villages

During the winter period, which in northern regions can last up to six months, Irkutsk Oil Company’s employees and equipment regularly come to help remote villages. For instance, the company often clears roads of snow, delivers fuel to allow continuous operation of social institutions, and provides villages with much needed electricity. This winter, for example, specialists from Irkutsk Oil Company urgently restored engineering systems in a school in Bur village (Katanga region) and in a hospital in Verhnemarkovo village (Ust’-Kut region).

Irkutsk Oil Company and the Government of the Republic of Sakha (Yakutia) began drafting an agreement on cooperation
December 13, 2014

Irkutsk Oil Company and the Government of the Republic of Sakha (Yakutia) began drafting an agreement on cooperation

Evgeniy Milov, Irkutsk Oil Company’s Deputy General Director, met with the First Deputy Prime Minister of the Republic of Sakha (Yakutia), Pavel Marinychev in Yakutsk on December 11th, 2014.

Irkutsk Oil Company’s Executives Nikolay Buynov and Marina Sedykh named Entrepreneurs of the Year by RBC
December 11, 2014

Irkutsk Oil Company’s Executives Nikolay Buynov and Marina Sedykh named Entrepreneurs of the Year by RBC

RosBussinessConsulting, Russia’s leading informational and analytical media group, named Irkutsk Oil’s CEO Mrs. Marina Sedykh and Board of Directors’ Chairman Mr. Nikolay Buynov as the Entrepreneurs of the Year.

Irkutsk Oil Company named best regional Fuel and Energy Company for the second year in a row
November 21, 2014

Irkutsk Oil Company named best regional Fuel and Energy Company for the second year in a row

Irkutsk Oil Company was named the best company in Irkutsk regions’ Fuel and Energy Complex for the second consecutive year.

INK is Amongst the Russia's Fastest-Growing Companies
October 22, 2014

INK is Amongst the Russia's Fastest-Growing Companies

Irkutsk Oil was included in the list of Russian Top-30 of fastest-growing companies and received the honorary second place in this list. This annual rating is organized by the most prominent Russian business news agency RosBusinessConsulting (RBC). The journalists who conducted this research approved the benevolent influence that fast-growing companies hold over old industries, blossoming sectors, and new markets.

The Company supported the Arshan community in Buryatia after mudslide
July 4, 2014

The Company supported the Arshan community in Buryatia after mudslide

The company’s management reached a collective decision to aid Arshan’s community in its aim to rebuild itself after a severe mudslide leveled a large part of the city. The chief of medical personnel of Arshan resort, Mr. Vladmir Songolov, reached out to INK asking the company to support the reconstruction of the damaged city. Without much hesitation, INK gladly donated 300,000 rubles to the weakened community. Mr. Vladmir Songolov was pleasantly surprised at the speed of the altruistic decision and expressed his gratitude toward the company.

Irkutsk Oil Company’s headquarter has moved into new location
June 30, 2014

Irkutsk Oil Company’s headquarter has moved into new location

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.).

INK Completes Underground Fire-Fighting Operation on Problematic Landfill in Ust’-Kut
May 5, 2014

INK Completes Underground Fire-Fighting Operation on Problematic Landfill in Ust’-Kut

The Irkutsk Oil Company’s specialists completed a fire fighting operation at the troubled underground landfill of sawmill waste in Ust’-Kut. The fire started in October 2013. By the beginning of April, the area on fire had spread to over 2 hectares. The landfill area was rented out by Irkutsk Oil Company in February 2014 as a future site for one of the facilities of the future gas chemical complex plant.

The Russian bandy team got lucky on the Irkutsk ice
February 3, 2014

The Russian bandy team got lucky on the Irkutsk ice

The XXXIV World Championships for Bandy had ceremonially concluded in Irkutsk, proving to be the biggest sporting event of the year 2014 in the Irkutsk region. We congratulate the Russian victors, who faced off against the Swedish team, beating them 3:2, and claiming the title of World Champions the second time in a row.

World Finance names Irkutsk Oil as Best Independent Oil and Gas Company in Eastern Europe for second consecutive year
December 6, 2013

World Finance names Irkutsk Oil as Best Independent Oil and Gas Company in Eastern Europe for second consecutive year

The notorious financial magazine World Finance is a leading financial and business publication, produced bimonthly by World News Media from its global headquarters in London. According to the publisher, the audience of this magazine is 120,000 people. Begun in 2007, the World Finance Awards annually celebrate achievement, innovation and brilliance in different areas. The Oil and Gas nomination has been presented since 2010. International experts analyze development progress and activities of companies from varied spheres/sectors, then choose the best of them under the criteria of modernization success, production growth, market share, and relationships with partners and customers, segregating industry by regions

The company’s representative has participated in the 2014 Winter Olympics torch relay
November 25, 2013

The company’s representative has participated in the 2014 Winter Olympics torch relay

Irkutsk Oil’s Mr. Grigoriy Ivanov became one of the 227 torchbearers who participated on November 27th, 2013 in the relay in Irkutsk. He ran across a road that passed over the Irkutsk main dam. On the total, the participants bore the torch that day for 34 km and the day culminated with a big concert.

INK Group is certified in ISO 14001 and OHSAS 18001
November 18, 2013

INK Group is certified in ISO 14001 and OHSAS 18001

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.

INK continues to invest in charity
February 19, 2013

INK continues to invest in charity

On February 19, 2013, Irkutsk Oil Company signed an addendum to the social economic agreement with the Irkutsk regional government. In 2013 INK plans to donate over 26 million rubles to different charitable projects. The support would mostly benefit local communities in the north of Irkutsk region, where the Company is operating.

Irkutsk Oil Company became a “Company of the year”
January 21, 2013

Irkutsk Oil Company became a “Company of the year”

RusEnergy, the Russian leading information agency ranked Irkutsk Oil Company as №1 in the category of “the Small/medium sized company of the year”. According to analysts of the “RusEnergy”, Irkutsk Oil Company is an exceptional company in the Russian oil and gas industry. For many years the company has been working in East Siberia, patiently re-investing its net revenues in exploration and production.

Irkutsk Oil Company became a winner of "World Finance" Award 2012
November 8, 2012

Irkutsk Oil Company became a winner of "World Finance" Award 2012

One of the leading financial magazine "World Finance" awarded "Irkutsk Oil Company" as "Best independent company in Eastern Europe 2012".

Irkutsk Region’s Governor Sergei Eroshchenko visited Irkutsk Oil Company’s properties
September 5, 2012

Irkutsk Region’s Governor Sergei Eroshchenko visited Irkutsk Oil Company’s properties

At the end of August 2012, during the official visit to Ust’-Kut district, Mr. Sergey Eroshchenko visited the Yaraktinsky oil and gas condensate field. He noted that Irkutsk Oil Company has already begun a project of gasification which is ready to partake in the East Siberian and Far Eastern Development Program.

The Ministry of Economic Development endorsed Irkutsk Oil Company’s joint implementation project
May 30, 2012

The Ministry of Economic Development endorsed Irkutsk Oil Company’s joint implementation project

Reduction of air emissions and concern for the environment has always been the focus of Irkutsk Oil Company. The Company’s oil production at Yaraktinsky field generates associated petroleum gas (APG), which is partially used as fuel for heating and power generation, but is partially flared. In 2009 with the support of the European Bank for Reconstruction and Development (EBRD), Irkutsk Oil found a way to utilize associated gas – re-inject it into the resorvoir and began building the required gas cycling facility in order to reduce emissions from gas flaring and later sell emission reduction units (ERUs).

Irkutsk Oil Company won EBRD’s 2012 award for Excellence in Environmental and Social Performance
May 23, 2012

Irkutsk Oil Company won EBRD’s 2012 award for Excellence in Environmental and Social Performance

The European Bank for Reconstruction and Development (EBRD) Sustainability awards 2012 took place on 17-20 of May during EBRD’s Annual Meeting and Business Forum in London. EBRD promotes environmental and social sustainability through investments in projects, financial intermediaries and technical cooperation programs. But unlike most international financial institutions, the Bank reports on the impact of these investments as well as recognizing its clients’ progress in promoting environmental and social responsibility.

Charity contributions of INK to regional branch of the Russian Children’s Fund exceeded commitments
December 1, 2011

Charity contributions of INK to regional branch of the Russian Children’s Fund exceeded commitments

On the 29th of April 2011 Irkutsk Oil Company signed an agreement with Irkutsk branch of the Russian Children’s Foundation. INK then committed to buy equipment for the daycare, build a playground in Verkhnemarkovo village and renovate building of elementary school #4 in the Kirensky district. At the expiration of the agreement all commitments were fully met. Irkutsk Oil Company actually spent 990 million vs. 800 million originally budgeted as an additional playground was bought for a city of Ust’-Kut and few other daycare facilities were sponsored.

Nikolay Buynov has been awarded with a medal at Baikal Economic Forum to recognize contribution of Irkutsk Oil Company to welfare of Irkutsk region
September 15, 2011

Nikolay Buynov has been awarded with a medal at Baikal Economic Forum to recognize contribution of Irkutsk Oil Company to welfare of Irkutsk region

On September 13, 2011 Mr. Nikolay Buynov, President and Chairman of Board of Directors of Irkutsk Oil Company has been awarded with a special medal to recognize a significant role of the company in the economic development of the region. The awarding ceremony took place during the Baikal Economic Forum and was in connection with celebrations of the city’s 350th anniversary. The honorable medal was given to 430 citizens of Irkutsk, those who contributed largely to the economic, cultural or social development of the region. Among the nominees were government officials, local congressmen, members of the region’s Council, as well as the region most famous scientists, artists, and businessmen.

The Christian Orthodox Chapel would be built at the Yaraktinsky field
June 23, 2011

The Christian Orthodox Chapel would be built at the Yaraktinsky field

Construction of the Orthodox Christian Chapel is initiated on June 22, 2011 at the permanent workers camp of the Yaraktinsky field. Georgiy Belov, a priest erected a cross at the place of future construction.

Irkutsk Oil Company (INK) and Russian Children Fund (RCF) signed an agreement for cooperation
May 13, 2011

Irkutsk Oil Company (INK) and Russian Children Fund (RCF) signed an agreement for cooperation

Irkutsk Oil Company and the Irkutsk’s branch of the Russian Children Fund (RCF) signed a cooperation agreement. The document was signed by CEO of INK, Mrs. Marina Sedykh, and the chairman of the fund, Mrs. Svetlana Kulinich.

Irkutsk Oil is always ready to help
April 15, 2011

Irkutsk Oil is always ready to help

Irkutsk Oil Company has purchased an ambulance car for Katangsky hospital under the Agreement on Social and Economic Cooperation between the company and Irkutsk Regional Government. A vehicle is on the way to Erbogachen village now.

JOGMEC chairman expresses gratitude to INK employees for donations to Japanese disaster relief fund
April 12, 2011

JOGMEC chairman expresses gratitude to INK employees for donations to Japanese disaster relief fund

In response to the tragic events in Japan, Irkutsk Oil Company management and employees reacted by making donations to organizations providing relief and emergency services to victims of the earthquake and tsunami. The initiative called for donating one day’s worth of pay. Donations were collected in the headquarter office as well as in field divisions. So far over 200 employees have made a contribution of some RUR 300,000 (over $10,000). The company matched the employees’ donations with RUR 450,000 (over $15,000). Many employees sent their own letters of support and condolences to their colleagues at JOGMEC.

Month-Long Campaign to Further Improve Performance in HSE Area
March 22, 2011

Month-Long Campaign to Further Improve Performance in HSE Area

Irkutsk Oil Company has initiated a month-long health, safety, and environment (HSE) campaign to improve performance in this area at the company’s fields. On Earth Day, June 5, 2011, a special committee will award employees with the best results from March 21 to April 20 in compliance with HSE requirements. HSE-related issues are of the highest priority for Irkutsk Oil Company. Annual costs for environmental protection operations are some 30 million rubles (Over $1,000,000).

Support to Local Communities of Indigenous People in Katangsky District
March 18, 2011

Support to Local Communities of Indigenous People in Katangsky District

During the week of March 9, 2011, representatives of Irkutsk Oil Company visited several sparsely populated areas of the municipality of Nepsky – Tokma, Nepa and Ika – and attended local community meetings to listen to local residents’ proposals and concerns and report them to the company’s management. Discussions showed that residents were mostly interested in HSE-related issues, employment, and sponsorship. Representatives of Irkutsk Oil Company explained that HSE-related issues are of the highest priority for the company, which is implementing two action plans on environmental protection and cooperation with stakeholders.

INK and Irkutsk Regional Government has signed an agreement
January 13, 2011

INK and Irkutsk Regional Government has signed an agreement

Irkutsk Oil Company has signed a social and economic partnership agreement with the Government of Irkutsk region. The document was endorsed by Mr. Vladimir Pashkov, Vice Governor of Irkutsk region, and Mrs. Marina Sedykh, CEO of Irkutsk Oil Company. Pursuant to the list of social activities, the total INK’s sponsorship in 2011 is planned to be 21.5 million rubles, which is 1.8 higher than the amount of sponsorship in 2010. Key activities will be performed in three municipalities – Ust’-Kutsky, Kirensky and Katangsky.

Residents of Katangsky district have approved the Company's plans
December 22, 2010

Residents of Katangsky district have approved the Company's plans

On December 13, 2010, public consultations related to the environmental impact assessment (EIA) of implementation the development projects of Irkutsk Oil Company’s subsidiaries, ‘INK-Zapad’, and ‘INK-Sever’ were held with locals in the Erbogachen village.

Marina Sedykh airs in ‘Strategy of Success’
September 1, 2010

Marina Sedykh airs in ‘Strategy of Success’

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.

Irkutsk Regional Government awards Irkutsk Oil’s Top Manager
April 13, 2010

Irkutsk Regional Government awards Irkutsk Oil’s Top Manager

During celebration of the 85th Anniversary of the All Russia Association of the Blind on April 12, 2010, Marina Sedykh, Chief Executive Officer of Irkutsk Oil Company, was awarded a Certificate of Merit by the Irkutsk Regional Government. Alexander Moiseev, Deputy Chairman of the Government of Irkutsk Region, presented the award.

Dmitry Mezentsev, Irkutsk Region Governor, and Marina Sedykh, General Director of INK, sign cooperation agreement
April 12, 2010

Dmitry Mezentsev, Irkutsk Region Governor, and Marina Sedykh, General Director of INK, sign cooperation agreement

On April 6, 2010, INK and the Irkutsk Region government signed an addendum to their agreement on social and economic cooperation. In 2010, Irkutsk Oil Company (INK) plans to transfer 450 million rubles (approx. $150,000) by way of taxes and dues to the budget.