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Gazprom Gazprom is the world’s largest natural gas company in terms of reserves, transportation and production volumes. As of December 31 2001, wholly-owned Gazprom subsidiaries held production licences for 26.0 tcm of A, B, and C1 natural gas reserves (classified in accordance with Russian standards; See Appendix B – Part 1 – “Overview of the Russian Gas Industry and its Regulation”) and subsidiaries, in which Gazprom holds less than 100% of the Shares, held production licences for another 5.0 tcm of A, B, and C1 natural gas reserves, of which 2.1 tcm is attributable to Gazprom in proportion to its actual shareholding. The Group’s total A, B, and C1 natural gas reserves of 28.1 tcm are equivalent to approximately 60% of Russia’s estimated total for such reserves. In addition, as of December 31 2001, Gazprom through its wholly owned subsidiaries or through subsidiaries, in which Gazprom holds less than 100% of the Shares, held production licenses for approximately 1,293.8 million tonnes of A, B, and C1 gas condensate (which represents approximately two-thirds of such reserves in Russia) and 584.6 million tonnes of A, B, and C1 oil reserves (in proportion to Gazprom’s actual shareholding.) Gazprom’s subsidiaries produced a total of 512.0 bcm of natural gas in 2001 (compared to 523.2 bcm in 2000), and this amounted to approximately 88.1% of Russia’s natural gas production in that year. As of December 31 of 2001, the Group’s total number of wells reached 9,302 natural gas wells and 569 oil wells. Gazprom owns and operates the UGSS, a single centrally controlled system for natural gas production, processing, transportation, storage and deliveries. The UGSS includes the world’s largest high-pressure trunk pipeline system. The network is powered by 253 compressor stations with a total capacity of approximately 42,600 megawatts. The pipeline network (of approximately 150,000 km) is the most critical link in the system delivering natural gas to consumers within Russia and abroad. Seasonal peak loads are levelled off using 22 underground natural gas storage facilities with an active storage capacity of approximately 57.9 bcm. Gazprom’s dispatch management centre, located in Moscow, controls and manages the transportation of gas in Russia. Gazprom is the largest supplier of natural gas to Europe. Its market share (according to CEDIGAZ – “Natural Gas in the World – 2001”. Survey, July 2001) in the European natural gas market was 25.9% in 2000. Gazprom also supplies most of the natural gas consumed in Russia and certain countries in the FSU. In 2001, Gazprom exported 127.0 bcm of natural gas to Europe. A further 39.60 bcm of natural gas was exported to the FSU. Deliveries of natural gas to Russian consumers in 2001 amounted to 278.9 bcm. Revenue form natural gas exports to Europe for the year ended December 31 of 2000 amounted to U.S.$15.5 billion (including excise tax but net of VAT) (compared to U.S.$9.9 billion for the year ended December 31 of 1999). Sales of natural gas in the FSU market for the year ended December 31 of 2000 account for the revenue of U.S.$2.3 billion (including excise tax but net of VAT) as compared to U.S.$2.5 for the year ended December 31 of 1999. Revenue from natural gas sales in Russia for the year ended December 31 of 2000 totalled U.S.$3.3 billion (including excise tax but net of VAT) (compared to U.S.$3.6 billion for the year ended December 31 of 1999). |
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Hermitage Capital Management, Moscow Hermitage Capital Management is one of the largest investment management firms that specializes in the Russian equity market. The firm makes significant minority investments in large public Russian companies and uses its influence to make positive changes in the corporate governance of those companies. The firm is an affiliate of HSBC and has offices in Guernsey and Moscow. The main product of the firm is the Hermitage Fund. |
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Ilim Pulp Enterprise JSC The Group companies account for about 61% of Russia’s total pulp output and 77% of its total board production. Ilim Pulp Enterprise’s timber cutting amounts to eight million cubic meters annually. |
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RAO UES of Russia The technical basis of UES of Russia is comprised of:
The organisational basis of UES of Russia is comprised of:
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Tyumen Oil Company |
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Wimm-Bill-Dann Today Wimm-Bill-Dann owns 14 manufacturing facilities in 10 locations in Russia and the Commonwealth of Independent States (CIS), as well as distribution centers in 26cities in Russia and abroad. The company also distributes its products in Canada, Germany, Israel, the Netherlands, the UK and the United States through both its own distribution network and independent distributors. In Moscow alone, there are over 2000 shops working directly with Wimm-Bill-Dann, offering its wide range of products to consumers. The company also supplies its products to Russia’s Presidential Administration, Federation Council, embassies and banks, airlines and schools, to name but a few. On February 8, 2002, Wimm-Bill-Dann became the first Russian consumer company to list Level 3 ADRs on the New York Stock Exchange and the third Russian company ever to have floated on the NYSE. The first domestically produced carton of orange juice appeared in Russian shops at the end of November 1992, carrying Wimm-Bill-Dann’s brand name. Since then, in only a few years, the company has captured a significant market share in both juice and dairy segments. According to the AC Nielsen study1 of 9 major Russian cities, in the year 2001, Wimm-Bill-Dann Dairy was the leader in many packaged dairy markets with a market share, in terms of sales volume, of 34% in traditional, 41% in enriched, and 48% in yogurt and dessert dairy products. In the year 2001, Wimm-Bill-Dann Juice’s market share in Russia was 37.5% in terms of sales volume, and 42.6% in terms of value (49.1% and 53.5% in Moscow, respectively) according to the same study1 of 11 major Russian cities. |
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