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NOVOOIL

About Us

NOT PUBLIC JOINT-STOCK COMPANY "NOVOOYL"

NAO "NOVOOIL" is one of the largest Russian oil companies. The industrial complex of the Company includes steadily developing enterprises of oil and gas production, petroleum refining, petrochemicals production. NAO "NOVOOIL" has also a stake in the financial (banking and insurance) sector companies.

 

In order to ensure further economic growth, innovative development and strengthening of the Company’s positions as one of the leaders of the Russian oil industry, NAO "NOVOOIL":

- successfully implements programs to stabilize the volumes of commercial oil and gas production from the licensed fields under development;

- actively develops new oil fields, including high-viscosity and hard-to-recover oil fields in the territory of Irkutsk;

- expands the resource base outside the Irkutsk Region and the Russian Federation;

- increases the volumes of production and sale of finished highly competitive products through development of petrochemicals production and crude oil refining;

- effectively shapes and implements the innovation-targeted engineering policy.

 

An essential resource asset NAO "NOVOOIL" and a promising target to increase production are significant reserves of high viscosity oil (HVO). The HVO fields’ development project is being implemented with the support of government agencies, scientific research organizations of Russia and the Irkutsk Region.

 

A strategic program of developing the network of the Company’s filling stations and refueling complexes is being successfully carried out. Currently there are more than 69 filling stations operating as part of NAO "NOVOOIL" Group of Companies.

 

The accumulated financial capacity of now allows carrying out large-scale investment projects at the expense of both internally available and borrowed funds, while maintaining a high level of financial stability and liquidity.

 

The achievements in production, environmental and social activities, as well as a high level of the corporate management, openness and transparency of the Company are highly valued by the Company's workers, consumers, business partners and the investment community as a whole.

 

The corporate social responsibility of NAO "NOVOOIL" is aimed at creating efficient and safe workplaces, social support of the employees and their families, as well as maintenance of a favorable social environment in the region of the Company’s activities.

 

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