Efficient corporate governance is one of the crucial drivers for improvement of the company competitiveness. Development of the company is impossible without an efficient structure in place that regulates the relations between the board of directors, the executive board and the shareholders, without investors being sure that the company’s management spends their funds in a reasonable manner to achieve capitalization growth.
Environment Protection
The company aims to take all possible measures to preserve the environment and rationally use the natural resources at its fields and license areas. It adopted an Environmental Policy in 2009 and since then has been improving its implementation and increasing environmental protection spending every year. Environmental monitoring: The refinery is implementing a corporate program of environmental protection measures and activity monitoring, which includes the following: · Careful use of indigenous peoples’ territories · Improving waste management systems · Careful monitoring of emissions, soil quality, groundwater, and surface water on the territory of the company's operations · Other measures aimed at protecting the environment In addition, in highly sensitive environmental areas, the Group studies and protects the habitats of endangered animals, birds, and plants.
Reducing Greenhouse Gas Emissions
Our company priorities in the field of Environmental Safety is reducing greenhouse gas emissions produced by flaring associated gas. The refinery major goal is to increase its level of associated gas utilization to 85%. Every year, our refinery launches new compressor units, increasing the volume of re-injected associated gas. The cycling process not only helps to reduce greenhouse gas emissions, but also allows saving methane for future use, thus being an example of rational resource use.
Our mission is to provide secure, efficient, and environmentally friendly crude oil product and production solutions at a competitive cost. We are dedicated to ongoing enhancement in our daily operations at the refinery to consistently meet and exceed our customers' expectations.
We aim to draw in additional investment opportunities in workspace automation, recognizing the value of investing in the right talent, fostering a culture of ongoing innovation, and promptly identifying and seizing promising prospects. However, it's crucial to emphasize that safety remains our foremost priority throughout these endeavors.
To Stay top of the oil refining buisness industry and continue to grow by expanding its current markets and the range of products it can store.