Sibnefteindustriya has started its operations in the territory of the Russian Federation since October 18th, 2004. The Group was founded by a group of Russian citizens (Zhdanov Andrey Anatolyevich, Korolev Evgeny Aleksandrovich, Mandrik Irina Valerievna, Karamysheva Natalia Yurievna) as an independent middle size oil producer
sibnefteindustriya is one of the largest independent oil and gas producers in Russia. sibnefteindustriya and its subsidiaries focus mainly on the geological study, exploration and production of crude oil, condensate and natural gas in Irkutsk region and the Republic of Sakha (Yakutia).
Each year, sibnefteindustriya grows its exploration and production volumes, implements advanced technologies to enhance oil recovery, and reaches new heights in the fields of health, safety, and environmental responsibility. The Group works continuously to improve internal corporate processes and staff training and development policies, and cooperates with numerous governmental and non-governmental organizations.
sibnefteindustriya LLC, the Group’s main producing business, strengthened its position in the Russian oil and gas industry thanks to a highly motivated team and the use of advanced technologies.
The Board of Directors of sibnefteindustriya LLC provides the Company with strategic guidance, monitors the activity of the sole executive body, determines major principles of and approaches to creating risk management and internal control system within the Company, and carries out other key functions, except for resolving the issues that fall within the jurisdiction of the General Shareholders Meeting.
The Board of Directors plays a key role in prevention, detection and resolution of corporate conflicts and conflicts of interest. For this purpose, Sibnefteindustriya LLC adopted the Regulation on Resolution of Corporate Conflicts and Conflicts of Interest, with due account for the best corporate governance practices. This Regulation sets out the procedure for reviewing inquiries from the shareholders of Sibnefteindustriya LLC, and the procedures to prevent and resolve corporate conflicts and/or conflicts of interest.
The purpose of the Board of Directors is to provide strategic business planning for the Company’s activities, to approve the medium-term and long-term development plans, to help in achieving the Company’s objectives on performance of the business activities for profit making, to protect rights and legitimate interests of the shareholders. The competence, procedures for convening and decision-making of the Board of Directors are set out in the Federal Law “On Joint Stock Companies”, Charter of Sibnefteindustriya LLC and Regulation on the Board of Directors of Sibnefteindustriya LLC. The Board members of Sibnefteindustriya LLC are elected by the General Shareholders Meeting for the period until the next annual General Shareholders Meeting. The procedure of proposal by the shareholders of candidates to the Board of Directors is set out in Article 53 of the Federal Law “On Joint Stock Companies” and Clause 8.11 of the Charter of Sibnefteindustriya LLC.
The Board of Directors consists of five members. The composition of the Board of Directors is balanced, in particular, in terms of qualifications, expertise, and business skills of its members. The Board of Directors enjoys the confidence of the shareholders. The Board of Directors should include as least one independent director. The Board’s principal role, powers and functions in Sibnefteindustriya LLC, including the procedure for introduction of amendments to the agenda of a Board Meeting, are regulated by the internal documents.
Every day over 100 thousand of professionals contribute to the Company's success. Each one of them has his unique career story that is no like any other story and serves as a key link in the accomplishment of the Company's goals and mission.
When looking to control energy costs in a highly competitive manufacturing environment, I turned to Sibnefteindustriya. Their staff provides reliable access to an efficient supply of fuel by providing expert advice on cyclical trends in the energy markets. In addition, the high level of service they offer makes them a pleasure to do business with.Ziad Al-Labban Former CEO, Sadara Chemical Company.
Sibnefteindustriya has constantly helped us get the best value for our energy dollar. Their service is always personal and prompt, at first i doubted the authencity of their product but i was wrong they are the best.Said M. Bajodah Executive President, SCP & JCP, S-Chem
Sibnefteindustriya's staff has provided us with the necessary information and knowledge to hedge our natural gas supplies on the open market for over 10 years. Their expertise has permitted us to minimize the market risk involved in buying natural gas.Devendra Patil Process Engineer, SABIC - PETROKEMYA