ADR | American Depository Receipt |
APG | Associated petroleum gas |
ASP (technology) | A method for increasing oil recovery based on the idea of injecting a mixture consisting of anionic surfactant, soda and polymer into the reservoir |
BANK OF RUSSIA | Central Bank of the Russian Federation |
CD | Civil defence |
CGS | Central gathering station (oil treatment) |
CGTP | Complex gas treatment plant |
CIS | Commonwealth of Independent States – former republics of the USSR, except Latvia, Lithuania, Georgia and Estonia |
COGTS | Central oil gathering and treatment station |
CNG | Compressed natural gas |
D&O | Directors and Officers Liability Insurance |
DOWNSTREAM | Logistics, Processing and Sales Unit |
EBIT | Earnings before interest, taxes, depreciation and amortisation |
EBITDA | Earnings before |
ECA | Export Credit Agency |
EMS | Energy management system |
GDP | Gross domestic product |
HC | Hockey club |
HSE | Health, Safety and Environment |
HTRR | Hard-to-recover reserves |
IEA | International Energy Agency |
IFRS | International Financial Reporting Standards |
IRMS (STANDARD) | Integrated Risk Management System standard |
JSC | Joint-stock company |
KMAD | Khanty-Mansi Autonomous District |
KPI | Key performance indicator |
LIBOR | London Interbank Offered Rate |
LPG | Liquefied petroleum gases |
LTIF | Lost Time Injury Frequency |
MD&A | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
MET | Mineral extraction tax |
MICEX | Moscow Interbank Currency Exchange or Moscow Exchange |
NIS | Naftna Industrija Srbije А.D., Novi Sad |
NP | Non-profit partnership |
OC | Oil company |
OECD | Organisation for Economic Cooperation and Development |
OE | Oil equivalent |
OGCF | Oil and gas condensate field |
OJSC | Open joint-stock company |
OPEC | Organisation of the Petroleum Exporting Countries |
OS | Occupational safety |
PJSC | Public joint-stock company |
PMB | Polymer-modified bitumen |
P.P. | Percentage points |
RAS | Russian Accounting Standards |
RLC | Regional licensing commission |
ROACE | Return on Average Capital Employed |
PRMS-SPE | Petroleum Resources Management System developed by the Society of Petroleum Engineers. The system not only takes into account the ability to detect oil and gas, but also the cost-effectiveness of hydrocarbon recovery. Reserves are assessed based on three categories: proved, probable, possible. |
R&D | Research and development |
SAR | Stock Appreciation Rights |
SAS | Surface active substances |
SEC | U.S. Securities and Exchange Commission |
S&A | Subsidiaries and affiliates |
UPSTREAM | Exploration and Production Unit |
US GAAP | United States Generally Accepted Accounting Principles |
USA | United States of America |
VAT | Value-added tax |
VIOC | Vertically integrated oil company |
VMI | Voluntary medical insurance |
YANOS | Yaroslavnefteorgsintez (Slavneft- Yaroslavnefteorgsintez, Slavneft-YANOS) –Yaroslavl Oil Refinery |
YNAD | Yamalo-Nenets Autonomous District |