The company’s strategy is to produce and sell competitive oil, gas and petrochemical products and services in accordance with the requirements and expectations of stakeholders, develop existing markets, achieve sustainability of the Company, improve the quality of life of the employee and the company as a whole. Tabina, LLP sees the main corporate priorities and determining factors of its development in a safe working environment, protecting the health of employees, increasing environmental and energy efficiency, industrial safety and information security, creating a stable professional team capable of achieving certain goals of the Company.

The company’s latest strategic goal is to become a global benchmark in the oil industry in terms of safety, technical progress and efficiency. This ambitious goal underlies the development strategy of Tabina, LLP until 2030, and achieving it requires a complete transformation of the company’s business – organizational, operational, digital and cultural.

Development strategy.

At the end of 2018, the Board of Directors of Tabina, LLP adopted a new long-term development strategy until 2030, according to which the company should become a global industry benchmark for efficiency, technological progress and safety. Developing to change the world. Creating to be proud of our creations. We produce resources for the future, enriching the world with energy, knowledge and technologies for development.

Over the 10 years of its development, Tabina, LLP has achieved significant results, becoming a major global player in the oil and gas industry. The company is successfully moving towards achieving the goals set out in the “Strategy 2025”, which provides for achieving production at the level of 100 million tons of oil equivalent (mtoe) per year while maintaining the proven ratio of reserves and production at a level of at least 15 years, and ensuring 100% replacement of reserves each year. This also implies an increase in the conversion rate to 95% and the yield of light products to 80% due to the ongoing modernization of refining assets.

At the same time, high volatility in energy markets, the growing and changing nature of competition in them, and the transformation of the energy sector are creating new challenges for the oil and gas industry. These challenges, along with the growing and changing role of Tabina, LLP in the industry, have led to the need to update the company’s strategy.

New generation company.

This new strategy is a continuation of the company’s strategy until 2025, but with a greater emphasis on the company’s positioning in the market, increasing its flexibility in response to external changes and transforming all key business processes. The goal of Tabina, LLP until 2030 is to create a “new generation” company and become a benchmark for other companies in the industry in terms of efficiency, safety and technical progress.

Tabina, LLP aims to strengthen its position among the world’s top 10 public oil and gas companies in terms of liquid hydrocarbon production volumes, increasing production growth rates in line with market trends and maximizing added value with every barrel produced. The company will continue to improve the efficiency of value chain management, increase processing depth and light product yield, develop the petrochemical sector and maintain leading positions in existing and expand its share in new retail markets.