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BUSINESS PROGRAMME PARTNERS

Fortum operates in Western Siberia, where industrial production is dominated by the oil and gas industries, and in the Southern Urals area, which is dominated by the metals industry.
We sell electricity on the wholesale market and heat on the local markets. We supply heat for some 380,000 households in Chelyabinsk, Tyumen and Ozersk. Fortum has more than five decades experience working in Russia.

Fortum owns eight power plants in the Chelyabinsk and Tyumen regions, mainly gas-fired combined heat and power (CHP) capacity. In the end of the second quarter of 2017, the electricity production capacity of our plants in Russia was 4,512 MW and the heat production capacity 9,920 MW. This represents about 34% of our overall electricity production capacity and about 72% of our heat production capacity*. Fortum employs about 3,700 people in Russia.

We also have a 29.5% holding in TGC-1, which owns and operates hydro and thermal power plants in North-Western Russia as well as heat distribution networks in St. Petersburg.

In 2016, Fortum's Russian operations generated about a quarter of the company's sales and about a third of the comparable operating profit.

Zarubezhneft is a leading state oil and gas company in Russia with unique experience of activity in different parts of the world.
Throughout 50 years of activity Zarubezhneft has carried out large-scale oil and gas projects in more than 30 countries all over the world, including Algeria, Angola, Vietnam, India, Yemen, Iraq, Iran, Libya, Cuba, Syria, etc.
The company has high competencies in the area of hydrocarbon fields’ development offshore and onshore. Today the company focuses on the oil production and refining projects in Vietnam, Balkan region, Cuba, Russia and Belorussia.
100 % of Zarubezhneft shares are in federal ownership. The company is included in the list of the enterprises of strategic importance of the Russian Federation.

Joint Stock Company “Russian Railways” is one of the largest rail companies in the world with huge volumes of passenger and freight transportation. The company has high ratings, qualified specialists in all the spheres of the rail business, extensive scientific and technological basis, project and construction facilities, experience in international cooperation. 100% of the stock of the company operating the railways network as long as 85,3 thousand kilometers belongs to the Russian Federation. Every year Russian Railways carries more than 1 billion passengers and ships up to 45,2% of the country's cargo turnover (including pipelines). Russian Railways belongs to the top 3 of the leaders of the rail industry of the world. The major objectives of the company – to ensure the demand off the state, legal units and the people in rail transportation, work and services rendered by the rail transport, as well as bringing profit. The company’s mission is to meet the market demand for transportation services, increase efficiency, quality of services and deep integration into the Eurasian transport system.

TATNEFT is one of the largest Russian oil companies, being an internationally recognized vertically integrated holding. The production complex of the Company includes steadily developing enterprises of oil and gas production, petroleum refining, petrochemicals production, the tire manufacturing complex, network of filling stations and services. TATNEFT has also a stake in the financial (banking and insurance) sector companies.

In order to ensure further strengthening of the status and competitive growth there was a Strategy of the TATNEFT Group/s development till 2025 worked out aimed at doubling the Company's value and providing for implementation of a set of large-scale activities in all the production areas including crude oil production,  refining and petroleum products sales. The Strategy envisages establishment of a more balanced portfolio of production assets, decrease of specific operating costs minimum by 10% and ensuring investment efficiency growth.

The achievements in production, environmental and social activities, as well as a high level of the corporate management, openness and transparency of the Company have been highly commended by the Company's shareholders, business partners and the investment community as a whole.

Irkutsk Oil Company (INK) is one of the largest independent oil and gas producers in Russia. INK and its subsidiaries (INK Group) focus mainly on the geological study, exploration and production of crude oil, condensate and natural gas in Irkutsk region and the Republic of Sakha (Yakutia).
Each year, INK grows its exploration and production volumes, implements advanced technologies to enhance oil recovery, and reaches new heights in the fields of health, safety, and environmental responsibility. The Group works continuously to improve internal corporate processes and staff training and development policies, and cooperates with numerous governmental and non-governmental organizations.  
“Irkutsk Oil Company”, LLC, the Group’s main producing business, strengthened its position in the Russian oil and gas industry thanks to a highly motivated team and the use of advanced technologies.

INK is honored to partner with some of the most successful and influential organizations in Russia and abroad, including the European Bank for Reconstruction and Development (EBRD), Goldman Sachs International, Japan Oil, Gas and Metals National Corporation (JOGMEC), Sberbank, ITOCHU and INPEX Corporation. INK’s achievements would not be possible without their generous support.

Founded in 2001 TMK is one of the world’s leading producers of tubular products for the oil and gas industry. Since 2009 it has been ranked first in the world by volume of pipes shipped. In 2016, TMK’s pipe shipments totaled 3.46 million tonnes.

The Company operates 27 production sites in Russia, the U.S., Canada, Romania, Oman and Kazakhstan. TMK has the world’s largest steel pipe production capacity, the largest share of TMK’s sales belongs to high-margin oil country tubular goods (OCTG). More than 20% of the world’s oil and gas production is made using TMK pipe.

The Company’s major presence in the global market is secured by the extensive sales network that covers virtually all main global oil and gas production regions: the U.S., Canada, Russia and the CIS, Europe, the Middle East, North and Sub-Saharan Africa and South-East Asia. TMK supplies products to more than 80 countries worldwide.

The Company's shares are traded on the London Stock Exchange, the OTCQX International Premier trading platform in the United States, as well as on Russia’s MICEX-RTS trading floor.

TAIF Group is a multi-industry vertically integrated holding company in the Republic of Tatarstan, which is comprised of 50 subsidiaries and affiliated companies with overall headcount exceeding 44 thousand people and runs its operations in the four main areas: oil and gas refining, chemicals, petrochemicals, and energy; investment and financial services; construction and production of construction materials; telecommunications, integrated and other services.

Due to a well-balanced management, optimization of operational and technological interconnections, rational use of all types of resources, a drive for adherence to the best global management standards, as well as the implementation of state-of-the-art technologies and a tremendous volume of new construction, the companies of TAIF Group remain among the most stable, dynamic and competitive businesses in the Russian Federation.

Today, TAIF Group is one of the major ethylene manufacturers in Russia: it covers 42 per cent of the entire Russian market, nearly half - 47 per cent - of all domestic polymers, and more than 69 percent of all rubber produced in Russia.
According to the results of 2016 operations the consolidated sales revenue of TAIF Group totaled RUB 539 billion and EBITDA- RUB133 billion.

The Group’s overall contribution to the development of the country, including tax payments, social expenditures, costs spent for environmental protection and industrial safety as well as the investments exceeded RUB 245 billion in 2016.

The primary focus of TAIF Group is global development of the most economically viable business lines of strategic importance to the economy of the Russian Federation and the Republic of Tatarstan.