Innovative Activities

GRI 102-15

Zarubezhneft JSC’s updated Innovative Development Program (IDP) for 2016–2020 (with a view up to 2030) was developed per the instruction of the Russian Federation Government and approved by the Board of Directors on September 14, 2016 (Minutes No. 127).

In 2019, Zarubezhneft JSC worked on updating the IDP for 2020-2024 (with a view up to 2030) in response to the instruction of the Government Commission for Economy Modernization and Innovative Development of Russia. The Concept of Zarubezhneft JSC’s Innovative Development Program for 2020-2024 (hereinafter, the Concept) was developed and approved by Zarubezhneft JSC Board of Directors (Minutes No. 65 dated March 27, 2019). The updated draft IDP, prepared based on the Concept, was approved by the Strategic Planning Committee of Zarubezhneft JSC Board of Directors (Minutes No. 63 dated October 30, 2019) and was duly directed for consideration to the federal authorities. Approval of Zarubezhneft JSC’s updated IDP for 2020-2024 (with a view up to 2030) by the Zarubezhneft JSC Board of Directors is planned for 2020.

The primary contractors engaged to participate in innovative projects in 2019 were design and research and development (R&D) organizations:

  • within Zarubezhneft Group (VNIIneft JSC, Giprovostokneft JSC);
  • leading Russian Federation universities: Kazan Federal University (Volga Region), Skolkovo Institute of Science and Technology (Skoltech), etc.;
  • small and medium business enterprises and other scientific and production organizations.