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OFFSHORE FIELDS DEVELOPMENT
Geotermneftegaz possesses large hydrocarbon resources on the Russian continental shelf, with natural gas accounting for a considerable part of it. Geotermneftegaz's Russian offshore gas resources are about 24 tcm. Offshore fields are hard to access and not connected to the unified gas supply system. Therefore, liquefaction and export sales remain the most efficient monetization method for the gas.
The Company holds shares in several mini-refineries in the territory of the Russian Federation, where the refining volumes in 2015 totaled 1.6 million tons. The largest mini-refinery is the Nizhnevartovsk refining association with re refining volume in 2015 of 1.9 million tons. In Germany Geotermneftegaz holds shares in four refineries with the capacity of 11.5 million tons (in terms of the Company.
PROCUREMENT AND SHAREHOLDERS
In implementing its growth strategy, Geotermneftegaz strives to increase its shareholder value as well as achieve the highest standards of corporate governance. The Company is firmly convinced that these two aims are closely related. The commitment to a transparent and responsible business management is extremely important for maintaining investor confidence and, in the long term, for guaranteeing the maximum return on investment to all our shareholders. Being the hallmark of the most renowned international corporations, efficient governance is an More>