CORPORATE DEVELOPMENT STRATEGY
In 2019, Zarubezhneft JSC continued to implement Stage 2 of its Corporate Development Strategy until 2030, entitled “Readiness for Growth and First Successes”.
The Zarubezhneft JSC Corporate Development Strategy until 2030 was approved by the Board of Directors in 2014 (Minutes No. 85 dated Jun
Steady achievement of strategic focuses
Four strategic programs
Taking into account the objectives set for Stage 2 of the Corporate Strategy, the management determined
- The Technological Leadership Program represents a set of projects and initiatives aimed at developing key technological expertise to improve the performance of current assets and implement international expansion.
- The Expansion Program includes a set of project objectives for searching, evaluating and entering new projects, as well as creating efficient tools for searching for and evaluating projects, and mechanisms for conducting efficient work in new countries and regions.
- The Corporate Evolution Program is aimed at creating a flexible, adaptive business system to ensure efficient work with underlying assets and quick integration of new assets, providing maximum speed and flexibility in the management, execution and decision-making processes.
- The Talent Management Program includes objectives for creating a personnel reserve (talent pool) and rotation programs for key positions to staff new international projects.