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.
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
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.
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 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.
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”.
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.
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.
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.
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
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
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 was named the best company in Irkutsk regions’ Fuel and Energy Complex for the second consecutive year.
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’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 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.).
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 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
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
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.
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 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.
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.
One of the leading financial magazine "World Finance" awarded "Irkutsk Oil Company" as "Best independent company in Eastern Europe 2012".
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.
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).
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.
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
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.
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 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 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.
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.
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).
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.
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.
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.
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.
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
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.