Development strategy

Our strategic priorities are:

• Growth of the resource base and effective inventory management;
• Maintaining sustainable growth of hydrocarbon production;
• Maintaining a low cost structure;
• Optimization and expansion of existing marketing channels, and creation of new marketing channels;
• Modernization of equipment;
• Implementation of only modern technologies.

 
ChinOil’s success in strategy implementation is based on competitive advantages which include: size and structure of the resource base; existing infrastructure close to core producing fields; a well-developed customer base. Our high level of operational flexibility and our consistent and efficient use of leading edge technologies in production and processing practices as well as our adherence to sound and prudent business management support our competitive position.

Our commitment to social responsibility and to observing the latest environmental, health and safety standards are the key parts of the Company’s development strategy.