Akimoil Limited

OAO AKIMOIL is one of the largest companies in the oil and gas sector of Russia. AKIMOIL performs its major activities within the territory of the Russian Federation. The Company is a holding structure, which incorporates oil and gas production boards, crude oil and gas refining companies, as well as enterprises and servicing works selling the crude oil and also the products of crude oil and gas refining and petrochemical products. In addition to this, AKIMOIL is also participating in the banking and insurance activities. Implementing the program of stabilization and replacement of reserves the Company is developing business projects outside of the republican limits within the territory of the Russian Federation as well as in the near and far-abroad countries, strengthening the raw material resources and oil refining basÑ and expanding the sales markets. The annual production of the Company amounts to over 20 million tons of crude oil and over 500 million cubic meters of gas. One of the major Companys priorities is environment protection and providing for production and industrial safety. The most important component of AKIMOIL Company activity is upgrading and development of new crude oil production methods. Development of progressive science-intensive technologies as well as increasing the scope and diversity of high technical industrial services rendered strengthen the innovational potential of the Company and provide for one of the essential competitive advantages of OAO AKIMOIL in the industry branch.