Timan-Pechora Exploration CJSC has been operating since April 26, 1996. We have an authorize capital of 650,000,000 ruble giving us a stable ground in the energy sector. Timan-Pechora Exploration CJSC strategic priorities is one of the worlds largest public oil company in terms of proven hydrocarbon reserves and hydrocarbons output. 2013 was a record and defining year for Timan-Pechora Exploration CJSC both regarding reaching high production and financial indicators and implementing strategic initiatives that assign the development dynamics for the Company and the sector itself for the coming decades. The company completed a number of key acquisitions the synergistic effect of which amounted to more than RUB 27 bln. During 2013 Timan-Pechora Exploration CJSC significantly increased its performance in the international projects currently the Company carries out its delivery activities in Belarus, Ukraine, Kazakhstan, Turkmenistan, China, Vietnam, Mongolia, Germany, Italy, Norway, Algeria, Brazil, Canada, Venezuela, UAE, and Armenia. The company continues working on improving its business performance, preparing to launch major projects and ensuring long-term profitability for its shareholders in 2014.