Irkutsk Oil Company (INK) was established in 2000 by uniting several small oil and gas producers operating in East Siberia. Today, INK operates 17 oil and gas fields and blocks, including the largest one, Yaraktinsky field, responsible for over 80% of the Company’s cumulative production. INK focuses mainly on the exploration and production of crude oil, condensate and natural gas; however, it is also engaged in implementation of gas reinjection project and studies other opportunities of gas utilization. The majority of the Company’s properties are located in proximity to ESPO pipeline.
Irkutsk Oil Company is a 100% subsidiary of JSC ‘INK-Capital’, which, in turn, has a minority stake of 8.15% held by the European Bank of Reconstruction and Development (EBRD). The company has two successful joint ventures established together with Japan Oil, Gas and Metals National Corporation (JOGMEC).
Irkutsk Oil Company and its subsidiaries currently employ some 1500 people.
All holding, operating, and license holding companies of the Irkutsk Oil are located, registered and pay taxes in Irkutsk region.
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