Our business career model is based on the principle of effective vertical integration in order to create added value and ensure high sustainability of our business by diversifying risks. The development of processing and marketing allows the Company to reduce its dependence on high price volatility and strengthen its competitive position by producing and selling products with high added value. Karamysh-Oil is one of the major producer and supplier of petroleum and petrochemical product in saratov region in Russia federation and the main career activities is production facilities for domestic and international marketing. The strategic development program of the refinery was approved by the Board of Directors, is as follows: strengthening the Company’s position as a producer of a wide range of oil in the domestic and world markets; Turned into a major player in the production and sale of a wide range of petroleum products.
Marketing Wholesale Supply
Argos Refinery involve in sales of gas and oil products in the domestic and international markets, optimally distributing flows depending on the market conditions. The commodity balance reflects the main commodity flows for oil (production, processing, purchases and sales) and refined products of oil and gas (production at own refineries and GPP and third-party refineries, sales, purchases for sale, excluding purchases for processing and excluding the volume of petroleum products for processing) and petrochemicals (production and sales) of the Group, excluding dependent companies, own consumption for fuel and operational needs, changes in inventories and other items in 2015. The sums of outgoing and incoming streams may differ due to rounding. Within the framework of Russian Federation on trade and economic cooperation to export oil and oil products in Irkutsk Region (hereinafter – Agreement) and by methodology of counter oil supply of petroleum products from Irkutsk Region Region to CIS countries, «On some issues of oil and oil products delivery” (hereinafter – Decision), the Company has been determined as operator on counter oil sales and supplies to CIS countries within and outside Russian Federation. In order to execute Resolution, the Company sold large tons/barrels of crude oil.
Oil & Gas Production
Argos Refinery is among one of the largest petrochemical company in Russia and the world’s largest public oil and gas Company in terms of hydrocarbon reserve and liquid hydrocarbons production. One of the Company’s key priorities is increasing the resource base. Argos Refinery share in the Russian oil production reaches 97%. We makes long-term investments goal in global companies in different sectors, mainly in Europe, America and other countries. We provide cost-effective oil and gas products solutions. We match for our promise to safety and commitment to your product development. Distinctively fashion standardized communities vis-a-vis seamless applications. Authoritatively recapitalize efficient supply chains without vertical initiatives. Progressively visualize strategic relationships with error-free processes. Credibly strategize fully tested outsourcing with functional e-markets. Dynamically vesiculate user friendly architectures before cross-media experiences. The main share of current crude oil production falls on 2 unique and 5 large fields. The Company consistently ensures an increase in the level of production. The output of Argos Refinery amounted to 59.2 million tones of crude oil. The aggregate production volume of the whole Argos Refinery amounted to 59.5 million tones of crude oil 2018. Interactively disintermediate empowered data whereas distinctive human capital. Compellingly utilize. visualize strategic relationships with error-free processes as a common pattern. In the reporting year, 445 new production wells were put into operation at the fields of Argos Refinery.