In late June, specialists of the Road Construction Department of Irkutsk Oil Company started testing Cold-In-Recycling (CIR) technology on old roads. The aforementioned technology, by removing and reusing top soil surface, allows for the full reconstruction of a crumbling road as well as the strengthening of the nearby ground. This technology ensures upgraded roadways with year-round usage. Practiced around the world for the last 50 years, this innovative process is considered to be one of the most effective methods to deal with deteriorated track. The Road Construction department is utilizing this technology to restore the roads in several experimental plots at the Yaraktinsky field — a total of 9.5 km of reconstructed road, 8 meters wide, for a total area of 75,000 square meters.
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.
Irkutsk Oil Company and China Pingmei Shenma Energy Chemical Group Signed an Agreement on Joint Gas Processing Project
On July 17 Irkutsk Oil Company (INK) represented by Deputy General Director Mr. Dmitry Levin and China Pingmei Shenma Energy Chemical Group Co., Ltd represented by its Chairman Liang Tesheng signed an agreement on the joint gas processing project. Signing ceremeny took place in Moscow. The document calls for construction of natural gas and associated petroleum gas processing facilities.
Irkutsk Oil Company and Japan Oil, Gas and Metals National Corporation (JOGMEC) signed Heads of Agreement on the new joint exploration project in East Siberia on April 27, 2017 in Moscow.
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.
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 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.
At a joint press conference in Irkutsk, Mr. Hirobumi Kawano, President of Japan Oil, Gas and Metals National Corporation (JOGMEC), and Mr. Nikolay Buynov, Chairman of Irkutsk Oil Company, confirmed test production of oil and gas at three licensed blocks in the north part of Irkutsk Region where they jointly performed geological survey (“GS”).
Irkutsk Oil Company and Japanese Trading Company Marubeni (Marubeni Corporation) sign Memorandum of Understanding
On Tuesday, July 10, Irkutsk Oil Company LLC and the Japanese trading company Marubeni (Marubeni Corporation) signed a Memorandum of Understanding. The document was signed by Ms. Marina Sedykh, Irkutsk Oil Company’s General Director, and Mr. Shoichi Ikuta, Executive Officer, on the behalf of Marubeni. Mr. Shoichi Ikuta stated during the signing ceremony that the Memorandum with Irkutsk Oil Company is the first stage of Marubeni Corporation‘s activity in Irkutsk region.