Irkutsk Oil Company (IOC) is carrying out major repairs on a multi-storey residential building in the Lena housing district of Ust-Kut.

More than 200 people live in the five-story building, which has four entrances. The building at 11 Rebrova-Denisova Street is part of the old residential stock of the BAM development and was built about 40 years ago.

At the end of July, the preparatory stage for large-scale work began. The facade and roof of the building will be renovated, and the inter-panel joints will be insulated. At the moment, the building is being cleaned of paint and the pavements are being filled in. It is planned that the major repairs will be completed before the onset of cold weather.

IOC actively supports the development of the urban environment in Ust-Kut and provides charitable assistance to the city. The company assists in the preparation of project documentation for many new facilities.

In 2023, the company carried out major repairs to a multi-storey building in the Mostootryad district. IOC also provided financial assistance for the renovation of social housing for medical workers and teachers in Ust-Kut. With the support of IOC, eight apartments were renovated. In addition, in 2020, the fourth floor of a building on Ostrovsky Street was renovated with funds from the Ust-Kut municipality administration. In 2021, Irkutsk Oil Company joined the initiative of the authorities and renovated the third floor.

In parallel with the major repairs, work is currently underway to create the "Square of Creators." The new space, covering more than 1,000 square meters, will be equipped with modern benches, an installation with the history of the city, information stands, granite paths, lawns, and decorative trees. The opening of the square is planned before the end of the year. The project is being implemented in cooperation with the city administration and is dedicated to the 25th anniversary of IOC.

Irkutsk Oil Company (IOC) is one of the leading independent producers of hydrocarbons in Eastern Siberia. 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.

Repairs have begun on a multi-story building in Ust-Kut with the support of IOC