RUS

OUR HISTORY

Independent Petroleum Company is a young and fast-growing company with an extensive regional presence.

With core operations covering oil and gas prospecting, exploration, field development and production, refining and petroleum products distribution.

IPC views corporate social responsibility an integral part of its business. We are committed to the communities where we operate, maintain continuous liaison with the government authorities — doing so, we contribute to sustainable development of our business.

2012
Incorporation of Independent Petroleum Company (IPC)
Oil and condensate reserves,
mln t (2P)
2013
Acquisition of Payyaha fields
11
2P
2014 JANUARY
Acquisition of Saratov fields
19
2P
2014 MAY
Acquisition of Kondinsk fields
70
2P
2014 SEPTEMBER
100% consolidation of NK Alliance assets into IPC
160
2P
IPC TODAY
IPC operates as a vertically integrated company
Oil reserves (2P) 160 mln tons
Oil production 2.5 mln tons
Gas production 1.4 bln cubic metres
Refining capacity 5 mln tpa
Petrol stations 280
Oil depots 23
Offshore terminals 4
Jet Fueling depots 3
Railcars 1,440
Export
(petroleum products)
580 thousand tons
Export (oil) 800 thousand tons
Bunkering 1 mln tons

IPC expands its resource base through successful oil and gas exploration and new acquisitions.
In 2013–2015, C1 + C2 category reserve increase attributable to organic reserve addition from successful exploration is expected to reach 92 million tons of oil equivalent.

IPC’s business is primarily oriented to domestic market. With a sound capacity in refining and distribution, the Company consistently builds up its assets and expands business into allied sectors — exploration and production, transportation and bunkering of oil and petroleum products. IPC benefits from its developed network of wholesale outlets and retail petrol stations offering a variety of high quality products and services. With the growing effective demand for petroleum products, this distribution capacity contributes to the Company’s sustainable market position and operational efficiency.

To maintain our competitive strengths, increase the market share by improving our product and service quality while reducing the costs, we have been consistently implementing the long-term programmes aimed to develop the core operational units of the Company. These programmes are being implemented in partnership with globally renowned companies.

IPC’s Management Team is dedicated to making the Company more attractive for investors, increasing the transparency and compliance of its business in line with high market and industry standards.