CJSC Ilmenskneft Refinery is one of the major international oil and gas companies that accounts for more than 2% of the world's oil production and around 1% of the proven hydrocarbon reserves. While having the full production cycle, the Company exercises full control over the whole production chain — from oil and gas production to petroleum product sales. The Russian Federation accounts for 88% of hydrocarbon reserves and 83% of hydrocarbon production, with the main activities concentrated in four (4) federal districts, including the Northwestern, Volga, Urals and Southern Federal Districts.
Our corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields entrusted to us by providing Company growth, the wellbeing of its employees and community at large.
CJSC Ilmenskneft's goal is to create new value, maintain high profitability and stability of its business, deliver high return on capital employed for its shareholders by increasing the value of the Company's assets and the payment of cash dividends. To achieve these goals, CJSC Ilmenskneft shall use all available opportunities, including further efforts to reduce costs, increase the efficiency of its operations, improve the quality of its products and services and use new advanced technologies.
High corporate responsibility standards. We strive to minimize the environmental impact and comply with the highest international safety standards in close cooperation with all of our stakeholders. To do this, we invest in the development of environmental projects, including the construction of gas processing facilities and own generation enterprises as well as pipeline replacement. We will continue to invest in our employees, as their expertise is the central pillar of our success.
Personnel, Whatever the Company does is done by the people and for the people. Environment and Technologies Being one of the world's largest users of natural resources, CJSC Ilmenskneft stringently abides by the highest global environmental standards and prides itself on the environmental management system it has in place across the entire Company's vertical chain of management. Responsibility for the human lives and the natural resources entrusted to us in the regions of our presence. Openness and partnership in cooperation with the public and stakeholders. Ethics. Following its mission, CJSC Ilmenskneft is guided by fairness and justice, respect and integrity.
Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, CJSC Ilmenskneft is guided by the highest HSE standards. In its operations the Company pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development. CJSC Ilmenskneft REFINERY upholds the principles of the Global Compact and of the Social Charter of Russian Business, which is reflected in the activities that contribute to sustainable economic growth and social responsibility enhancement.
CJSC Ilmenskneft is among the largest and most coveted employers in Russia and abroad. People are our Company's key asset, and their responsibility, vigor and commitment define our success. Being employed with CJSC Ilmenskneft as a member of the professional team with long-standing experience in the area of oil refining, petroleum product sales, and power generation, development and introduction of new technologies gives you confidence about the future!