Glossary
ADR
American Depository ReceiptAPG
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 reservoirBANK OF RUSSIA
Central Bank of the Russian FederationCD
Civil defenceCGS
Central gathering station (oil treatment)CGTP
Complex gas treatment plantCIS
Commonwealth of Independent States – former republics of the USSR, except Latvia, Lithuania, Georgia and EstoniaCNG
Compressed natural gasCOGTS
Central oil gathering and treatment stationD&O
Directors and Officers Liability InsuranceDOWNSTREAM
Logistics, Processing and Sales DivisionEBIT
Earnings before interest, taxes, depreciation and amortisationEBITDA
Earnings beforeECA
Export Credit AgencyEMS
Energy management systemGDP
Gross domestic productHC
Hockey clubHSE
Health, Safety and EnvironmentHTRR
Hard-to-recover reservesIEA
International Energy AgencyIFRS
International Financial Reporting StandardsIRMS (STANDARD)
Integrated Risk Management System standardJSC
Joint-stock companyKMAD
Khanty-Mansi Autonomous DistrictKPI
Key performance indicatorLIBOR
London Interbank Offered RateLPG
Liquefied petroleum gasesLTIF
Lost Time Injury FrequencyMD&A
Management’s Discussion and Analysis of Financial Condition and Results of OperationsMET
Mineral extraction taxMICEX
Moscow Interbank Currency Exchange or Moscow ExchangeNIS
Naftna Industrija Srbije А.D., Novi SadNP
Non-profit partnershipOC
Oil companyOE
Oil equivalent.OECD
Organization for Economic Cooperation and DevelopmentOGCF
Oil and gas condensate field.OJSC
Open joint-stock companyOPEC
Organization of the Petroleum Exporting CountriesOS
Occupational safetyP.P.
Percentage pointsPJSC
Public joint-stock companyPMB
Polymer-modified bitumenPRMS-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.RAS
Russian Accounting StandardsRLC
Regional licensing commissionROACE
Return on Average Capital EmployedS&A
Subsidiaries and affiliates