Irkutsk Oil Company is honored to partner with some of the most successful and influential organizations in Russia and abroad. Our company’s achievements would not be possible without their generous support and innovative knowledge. By strengthening and developing these vital partnerships, we increase our chances for success in winning new business and overcoming environmental challenges.
Over the years, Irkutsk Oil Company has had various financing partners, including VTB, NOMOS Bank, Raiffeisen Bank, and some other banks.
We would like to especially thank the EBRD, JOGMEC, and Sberbank for their outstanding support in our business.
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The European Bank for Reconstruction and Development (EBRD) is owned by 63 countries, the European Union and the European Investment Bank. Established in 1991, the EBRD is the largest financial investor in the region which stretches from central Europe and the Western Balkans to central Asia. EBRD also provides project financing for banks, industries and businesses. In 2008, the EBRD began a partnership with Irkutsk Oil Company through the acquisition of an 8.15% stake. Then, in 2009, it issued a loan that has enabled the company to cut greenhouse gas emissions from its East Siberian oilfields by re-injecting associated gas instead of flaring. |
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Japan Oil, Gas and Metals National Corporation (JOGMEC) was established in 2004 through the integration of operations of the former Japan National Oil Corporation and the former Metal Mining Agency of Japan. To ensure stable supply of energy to Japan, JOGMEC is mainly engaged in cooperation with state-owned and private companies exploring and developing natural resources all over the world.
In 2007 and 2009, JOGMEC and Irkutsk Oil Company formed two successful joint-ventures for prospecting and exploration of hydrocarbons in East Siberia, setting an example of fruitful Russia-Japan cooperation and recognized by the leaders of both countries. |
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Sberbank’s Baikal Bank is the regional head office of JSC Savings Bank of the Russian Federation (Sberbank), the largest bank and credit union in Russia and the CIS. Established in 1841, Sberbank has the largest countrywide branch network with 18 regional head offices and around 245,600 employees.
Irkutsk Oil Company and Sberbank have done banking business together since 2001. The bank has issued the company both long-term and short-term loans to help finance various projects such as construction of an oil treatment facility and a gas cycling facility at the Yarakta field and an oil pipeline to ESPO. In addition to financing, the Sberbank often provides the company with foreign exchange services, deposits, and other banking services. |
