| Amtel AMTEL is one of Russia’s largest tire manufacturers, with a 28 percent share of the Russian tire production market and a 35 percent share of car and light-truck tires, the most profitable market segment. The group includes three tire factories in Russia: the Amtel-Povolzhye Tire Complex (Kirov), the Amtel-Chernozemye Tire Complex (Voronezh) and the Amtel-Sibir Tire Complex (Krasnoyarsk). It also includes two chemical facilities in Russia Amtel-Kuzbass (Kemerovo), Amtel-Karbon (Volgograd Carbon Black Plant) and one tire factory in Ukraine (Belaya Tserkov). The production structure breaks down as follows: car tires make up 73 percent of production; light-truck tires 14 percent; tires for heavy trucks eight percent; tires for farming equipment three percent; and motorcycle tires two percent. The AMTEL group also manufactures airplane tires, tires for heavy construction vehicles and bicycles. According to preliminary unaudited results, AMTEL produced 14,391,000 tires in 2004, a 21 percent increase over 2003 (11.9 million tires), company’s revenues grew 18 percent in 2004 to USD 451 million. The Templeton Strategic Emerging Markets Fund LDC, an international investment fund managed by Templeton Asset Management Ltd, owns 5.65 percent of AMTEL’s shares. Ten percent of AMTEL’s shares were sold to selected institutional investors in Europe, the United States and Russia in a private placement. |
 |
|
Hermitage Capital Management 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. |
 |
|
RAO UES of Russia The Russian Joint Stock Power and Electrification Company RAO “UES of Russia” is a sector-wide holding company with extensive functions in ensuring a reliable supply of electricity and heat energy to various sectors of the economy and general public, as well as managing the Unified Energy System of Russia and implementing investment programs in the energy sector. RAO “UES of Russia” is the most important component of Russia’s power generation and supply industry and operates in structural terms as a company, a holding company and a group. RAO “UES of Russia” controls the substantial number of subsidiaries and dependent companies, the primary operations of which relate to the process of producing, transmitting and distributing energy and organizing the functioning and development of the Unified Energy Systems of Russia. RAO “UES of Russia” plays the leading
role in Russia’s electric power sector: Number of employees: RAO “UES of Russia” is the largest in Russia holding by number of employed. The number of employees in the companies within the Holding is 578 thousand.
Share capital srtucture: |
 |
|
Foyil Securities New Europe Foyil Securities is Ukraine’s leading independent investment bank and noted for its highly rated research department and trading. Foyil has been an integral part of the developing capital markets in Ukraine and established its first office in Kyiv in 1997. Today Foyil Securities is not only a leading market maker in Ukraine but, via its membership on the Board of Directors of Ukraine’s PFTS stock market, is actively promoting improvements in corporate governance and modernization of the market’s trading and settlement systems. With a team of 30 professionals in Ukraine, Foyil Securities provides a wide range of financial services including: securities brokerage and investment research, M&A advisory, fund raisings and licensed custody. Working with both institutional and retail clients based around the world, Foyil Securities is able to provide investment research which is second to none along with expert trading execution and settlement.
Foyil Securities can be reached at: |
 |
|
OAO NOVATEK OAO NOVATEK is a rapidly growing independent natural gas producer in the prolific Yamal- Nenets Autonomous Region, which accounts for approximately 90 percent of all Russian gas production and one-third of the World’s gas production. The Company’s largest fields - Yurkharovskoye, East- Tarkosalinskoye and Khancheyskoye - have gross proven and probable reserves of 784 billion cubic meters (bcm) (27.675 tcf) of natural gas and 80 million tons of liquids according to SPE definitions. In 2004, the Company produced 21.6 billion cubic meters (bcm) of natural gas and 2.88 million tons of liquids. The current development plans call to increase natural gas production between 45 bcm to 50 bcm. The company plans to diversify its business by becoming both a leading upstream natural gas producer and an active downstream player in the market of refined and petrochemical products. |
 |
|
Standard & Poor's
Over 140 years of independent insight for the global financial community. What we bring to the marketplace: As the financial markets have grown more complex over the last century, the financial community has increasingly sought out Standard & Poor's rigorous, independent analysis, and information on stocks, bonds, mutual funds and many other complex investment vehicles. The critical thinking, opinions, news and data offered by Standard & Poor's have become an integral part of the global financial infrastructure. Our unique power: creating independent benchmarks
The heart of Standard & Poor's investment skill is its analysts, over 1,250
Our history: creating standards, carving out firsts Standard & Poor's plays a truly unique role in the capital markets. It has been
aiding the creation of market transparency since its inception in 1860, when Henry Varnum Poor began supplying financial information
at a time when Europe sought to know more about its holdings in the newly developing infrastructure in America. The cardinal tenet of
Poor's investment reference publications was “the investor's right to know.”
Standard & Poor's has a long history of creating standards for the financial industry. For example, we were the first to rate:
On the equity side, we led the way with:
Today, Standard & Poor's employs more than 5,000 people working in 18 countries. |
 |
|
ChevronTexaco Corporation ChevronTexaco Corp. ranks among the world's largest and most competitive global energy companies. Headquartered in San Ramon and active in more than 180 countries, it is engaged in every aspect of the oil and gas industry, including exploration and production; refining, marketing and transportation; chemicals manufacturing and sales; and power generation.
Company Roots
Global Scope
Energy Technologies |
 |
|
European Bank for Reconstruction and Development (EBRD) The European Bank for Reconstruction and Development was established in 1991 when communism was crumbling in central and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment. Today the EBRD uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilises significant foreign direct investment beyond its own financing. It is owned by 60 countries and two intergovernmental institutions. But despite its public sector shareholders, it invests mainly in private enterprises, usually together with commercial partners. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatisation, restructuring state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment. The mandate of the EBRD stipulates that it must only work in countries that are committed to democratic principles. Respect for the environment is part of the strong corporate governance attached to all EBRD investments. |
 |
|
Nixon Center The Nixon Center, a non-partisan public policy institution which operates as a substantively and programmatically independent division of The Richard Nixon Library & Birthplace Foundation, has five main programs: Chinese Studies, Immigration and National Security, International Security and Energy Programs, Regional Strategic Programs (Middle East, Caspian Basin and South Asia) and U.S. - Russia Relations. In addition to conducting research into contemporary foreign policy issues, Center program directors also organize an array of conferences, briefings, seminars, lectures, and other events designed to advance U.S. foreign policy debates on crucial political, economic, and security issues. These events are frequently broadcast on C-SPAN and articles by Center analysts appear regularly in major publications. Celebrating its tenth anniversary this year, The Nixon Center has consolidated its position as an important voice in America's foreign policy deliberations through the work of its experts. In this spirit The Nixon Center has become the sole publisher of the influential foreign policy magazine, The National Interest. However, the Center is committed to having an impact beyond academic discussion. Its objectives include not only the pragmatic analysis of contemporary policy issues, but also broad public education and influence in the national debate on American priorities in the post-Cold War world and in the war on terrorism. |
 |
|
Parex banka Parex banka is the largest bank in Latvia and the third largest bank in the Baltics in terms of assets, deposits, and capital and reserves. As a universal bank, Parex banka’s primary businesses include traditional deposit and credit programmes as well as trust and investment services. Since its establishment in 1992, the Bank has been committed to providing stability and quality to its customers having rapidly grown to become the largest bank in Latvia. Parex banka operates throughout the Baltics and is represented throughout the CIS, in Frankfurt, London, Stockholm, Tokyo and Switzerland. Parex banka is well recognised in the international financial community and has received a number of awards in Latvia including all three of Euromoney Magazine’s “Awards for Excellence”, “Bank of the Year” from the Banker Magazine, and “Best Emerging Markets Bank of the Year” from Global Finance Magazine. Being a long-time leader in Capital Markets, Parex banka launched an asset management subsidiary, Parex Asset Management, early in 2002. With nearly EUR 600 million in assets under management and formed from a team of professionals with experience in managing the bank’s proprietary portfolio for several years, Parex Asset Management became the largest manager in the Baltics and second largest in Eastern Europe. |
 |
| TNK-BP TNK-BP is a major Russian vertically integrated oil company, established in September 2003 as a result of the merger of Russian companies TNK (Tyumen Oil Co.) and SIDANCO with the majority of BP's Russian oil assets. The company is 50% owned by BP and 50% by a group of prominent Russian investors: Alfa Group, Access Industries and Renova (AAR). The shareholders of TNK-BP also control 50% of Slavneft. This interest will eventually be integrated into TNK-BP. TNK-BP is headquartered in Moscow and is governed by a multinational management team, which consists of Russian and international executives who have worked in more than 50 countries worldwide. The team combines the best of Russian and international talent and experience and includes executives from BP, TNK, Sidanco and other international companies. Today, TNK-BP is Russia's third largest oil company. The company employs more than 100,000 people and operates in nearly all of Russia's major hydrocarbon regions. In 2003, average crude oil production totaled 1.276 million barrels per day (bpd), or 64 million tons per year. Current oil production is roughly 1.4 million bpd. TNK-BP operates six refineries in Russia and Ukraine, and markets products through 2,100 retail service stations operating under TNK and BP brands. Through its retail network, TNK-BP is among the market leaders in petroleum product sales in European Russia, including Moscow, and is the market leader in Ukraine In 2003, TNK-BP increased crude oil production by 14%, growing above the industry average. TNK-BP's strategy envisages annual capital investment of approximately $1.5 billion until 2007, excluding potential spending on asset acquisitions. |
 |