A new public space, the "Square of Creators," will be opened in Ust-Kut with the support of Irkutsk Oil Company (IOC).

The project, implemented in partnership with the city administration, is timed to coincide with the 25th anniversary of IOC. The Creators' Square will cover an area of more than 1,000 square meters. The territory will feature modern benches, an installation reflecting the key stages of the city's history, and information stands. The space will be landscaped with granite paths with decorative lighting, lawns, and new trees. Parking will be provided for the convenience of visitors.

Active preparatory work is currently underway, including the replacement of old poplar trees with new decorative plantings. The next stage will be earthworks and the installation of a retaining wall to reinforce the terrain. All the necessary materials for the project have been purchased.

IOC actively supports the development of the urban environment in Ust-Kut and assists in the preparation of project documentation for many new facilities. The company makes a significant contribution not only to the modernization of municipal infrastructure, including the construction of a biofuel boiler house, substation, and treatment facilities, but also to the creation of comfortable public spaces.

For example, in 2022, a public space was opened in the Rechnik district. The project cost about 120 million rubles. Funding was provided by a grant, regional and municipal budgets, and a social partnership program with IOC.

The immediate plans include the opening of a Youth Center, a multifunctional space with an area of 1,300 square meters. This center will combine creative workshops, coworking, a club for young entrepreneurs, a media center, and a career guidance laboratory. IOC supported Ust-Kut in preparing its application for the all-Russian competition "Region for Young People" and plans to participate in financing this socially significant project.

Irkutsk Oil Company (IOC) is one of Russia's leading independent producers of hydrocarbons. Founded in 2000, the company specializes in geological research, exploration, and development of subsoil areas in the Irkutsk Region, Krasnoyarsk Region, and the Republic of Sakha (Yakutia). IOC is recognized as one of the best employers in the energy sector and is included in the top 50 best employers in Russia according to hh.

A new park will open in Ust-Kut with the support of IOC