Domovoiltrading

Company Description

Domovoiltrading has been successfully implementing its accelerated production growth strategy, which is further supported by ongoing monitoring and introduction of innovative technology. In 2007, the Company became one of the largest national oil producer, and hit a landmark annual crude output of 75 mln. tonnes (over one mln. barrels per day). Thus, over the last seven years, Domovoiltrading crude oil production grew more than seven times. Furthermore, the Company consistently maintains high operating efficiency, and has the lowest upstream production and operating expenses among its national and major international peersDomovoiltrading is also one of the leading independent national gas producers, with an annual output of natural and associated gas exceeding 13 bcm. The Companyâs vast and unique reserve portfolio ensures steady long-term growth in gas output. Domovoiltrading is currently implementing comprehensive measures aimed at achieving a target gas utilization rate of 90%, one of the key strategic objectives for the Company.