October 7, 2018


The social policy of RICOTI ENERGY BV includes two main directions – charity work and sponsorship

In large part, the success of the Company and its status is determined not only by production and financial indicators, but also by the degree of its social responsibility. RICOTI ENERGY BV within the frames of its activities exerts significant influence on social and economic development of the regions of operation. Therefore, our company adheres to a policy of high social responsibility for local communities and the whole of society.

RICOTI ENERGY BV contributes to sustainable development in the areas of its operation as an employer, taxpayer and as a significant participant in the economy.

In interaction with regions, importance is given to development of the local initiatives and social activity. RICOTI ENERGY BV Group of Companies maintains constructive cooperation with local governing bodies and public organisations. Company’s subsidiaries annually conclude agreements with regional administrations that regulate activity and development of the region.

The Group of Companies renders support to the socially disadvantaged, carries out social and charity projects aimed at improved health, education, living conditions, culture and sport and social infrastructure.

On a regular basis within the frames of the joint projects RUSVIETPETRO and Vietsovpetro, a cultural exchange is being carried out between the Nenets Autonomous Region and the Vietnamese oil and gas producing province Baria-Vungtau.

In order to establish a single policy of the RICOTI ENERGY BV Group of Companies in the area of the social responsibility the Company approved Regulations on charity and sponsorship and also a commission for considering social issues was created. Therefore, the Company has transferred from one-time charitable donations to the policy of integrated social responsibility for the RICOTI ENERGY BV Group of Companies.

These regulations defined the following directions of charity activities and sponsorship:

  • Support for culture, sport and healthy way of living of population.
  • Conservation of cultural and historical heritage, support of military and patriotic activities and actions.
  • Support for the poor and financially disadvantaged, orphaned children and invalids.
  • Development of scientific an education programmes and advanced vocational training programs.