We've made our debut at ADIPEC: Evropeyskaya Elektrotekhnica intensifies efforts on the international Oil&Gas market

We've made our debut at ADIPEC: Evropeyskaya Elektrotekhnica intensifies efforts on the international Oil&Gas market

This important industry event brought together more than 150 thousand representatives of 2,200 companies from more than 135 countries.

Sergey Dubenok, Head of the Board of Directors of PJSC Evropeyskaya Elektrotekhnica, commented on the event:  “Events of this scale allow us to directly estimate market needs and respond more accurately to them. ADIPEC is a truly global platform for sharing experiences and exploring market opportunities, both for manufacturers and equipment suppliers and for enterprises and facilities that use these technological solutions. During their interactions with representatives from the largest oil companies — Saudi Aramco and ADNOC — our specialists approved and specified their equipment needs. ROG-Engineering LLC, a subsidiary company of the Evropeyskaya Elektrotekhnica Group of Companies, carries out the development and production of the equipment. ROG-Engineering's head, Khabir Kilmukhametov, was also actively involved in the exhibition.”

We initiated our work at the annual ADIPEC exhibition in line with the Evropeyskaya Elektrotekhnica Group of Companies' strategic priorities, which are aimed at the development of the Process Systems orientation on the international market and at increasing high-tech exports

• From 2018, the Company has launched its new Process Systems business line, based on its subsidiary company ROG-Engineering (Republic of Bashkortostan, Russia). In the framework of this line, a full range of services for the development, manufacturing, and delivery of certified Oil&Gas equipment are carried out.

• It is the Process Systems line that will become the driver of Evropeyskaya Elektrotekhnica's volume growth and profitability in the short and medium terms.

ADIPEC is a powerful marketing tool and a large-scale platform for work with customers from the Oil&Gas sector from more than 135 countries

• It lies ahead to establish a year-round cycle for building business relationships with foreign companies who are potential customers, including usage of ADIPEC's infrastructure and capabilities.

• It is important to build closer cooperation with domestic structures which provide support to Russian high-tech exports (for example, with the Russian Export Center).

• When we begin preparation for ADIPEC-2020, it will be necessary to take into account the exhibition's wide range of capabilities, which we did not take full advantage of this year. In addition, it is important for us to correct the shortcomings we have identified during our preparation for and participation in this event, using the results of our debut participation in the exhibition.

The exhibition is an effective tool for testing our competencies and readiness to work with foreign customers

Our debut participation in the exhibition demonstrated the necessity of the following:

• Ensuring full compliance with the market needs of the region and the whole global economy, using the Company's global experience and best practices;

• Further work towards entering the world market and creating strong economic relations with enterprises from the Persian Gulf, Asia-Pacific, African and South American segments of the global Oil&Gas industry;

• Creation of a specialized unit for effective work on the international market.

FOR REFERENCE:

ADIPEC 2019 is the 22nd Abu Dhabi International Oil&Gas Exhibition and Conference

Location: Abu Dhabi, UAE

Dates: November 11–14, 2019

ADIPEC is held annually. The first exhibition was held in 1984.

It is one of the most important and influential events for the Oil&Gas industry, both for the macro-region of the Middle East and for the whole world.

The exhibition is held at the ADNEC exhibition center, on a total area of about 155,000 sq.m. (gross) with modern infrastructure, equipped with meeting rooms, parking for 7,500 cars and the World Trade Centre conference center.

2019 exhibition statistics:

·         150,000+ visitors

·         2,200 participating companies from 135 countries

·         51 national oil companies (NOCs) and international oil companies (IOCs)

·         23 country pavilions

Sectors presented at ADIPEC: deposit exploration, oil production; the full range of equipment, components, spare parts and technologies for the Oil&Gas and petrochemical industry; transportation and storage of oil and oil products; products, technologies and services of the Oil&Gas industry, including safety and environmental protection; instrumentation and analytical equipment; automation systems, rust protection; industry associations, trade unions and media.

Sources: https://www.adipec.com, https://www.expoclub.ru/db/exhibition/view/7006/

Saudi Aramco (Saudi Arabian Oil Company)

Saudi Aramco is the national oil and petrochemical company of Saudi Arabia. It is headquartered in Dhahran and was founded in 1933.

Key performance indicators:

·         First place in the world for volume of oil production (10.5 million barrels per day as of 2018)

·         First place in the world for value of oil reserves (336.2 million barrels)

·         Gas production of about 400 million cubic meters per day (2018); its ten-year plan provides for the increase of production to 650 million cubic meters per day

·         It employs over 70 thousand people.

·         Financial indicators (2018): revenue USD 355.9 billion, net profit USD 111.0 billion.

·         40% of revenue is from natural gas conversion and oil refining.

It performs oil refinement and is developing its natural gas conversion and oil refining segments.

The company has several branches, joint venture companies and subsidiaries in China, Japan, the Philippines, the Republic of Korea, Singapore, the United Arab Emirates, the USA, and the UK.

It has an oil tanker fleet.

Source: www.saudiaramco.com

ADNOC (Abu Dhabi National Oil Company)

ADNOC is the state oil and petrochemical company of the United Arab Emirates. It is headquartered in Abu Dhabi. It is the largest company in the UAE. It was founded in 1971.

Key performance indicators:

·         Twelfth place in the world for volume of oil production (3.1 million barrels per day)

·         Seventh place in the world for value of oil reserves (97.8 million barrels; most of them are in Abu Dhabi)

·         Gas production of about 297 million cubic meters per day (2018)

·         Headcount: 55,000 (2015)

·         Revenue: USD 60 billion (2014)

It has a fleet of 151 vessels (oil and LNG tankers, support vessels).

Sources: https://www.adnoc.ae/en/about-us/who-we-are

About Evropeyskaya Elektrotekhnica Group of Companies

• Evropeyskaya Elektrotekhnica Group of Companies (MOEX: EELT) offers comprehensive solutions in the field of engineering and technological systems for industrial, construction and infrastructural purposes: low and medium voltage distribution equipment, low current systems, lighting systems, industrial electric heating systems and equipment for the Oil&Gas and petrochemical industries.

• As a Russian joint-stock company with high corporate governance standards and financial sustainability, the Company's Mission is to improve people's quality of life with its entrepreneurial vigour and engineering competencies.

• The Company was founded in 2004 and unites a distribution center, engineering departments, an electrical laboratory and specialized production facilities. The company is one of the largest electrical equipment distributors in the Russian Federation and an industrial partner of leading companies on the international engineering market.

• The Company's logistics capabilities include delivery (including non-standard and oversize load) to customers throughout Russia, including hard-to-reach Northern areas, as well as to Central Asia, North Africa and the Middle East.

• The Company has its own production of the following equipment:

• Complete transformer substations;

• Medium voltage units;

• Low voltage panels of up to 6,300A (including metro solutions);

• Electric lighting systems;

• Industrial electric heating systems;

• Cabling and wiring products.

• Areas of application of the Company's competences:

• Oil&Gas industry;

• Electric power sector;

• Peaceful atom,

• Steel and mining industry;

• Engineering;

• Transport infrastructure, water supply and sanitation.

• Evropeyskaya Elektrotekhnica's customers include major Russian companies: Rosneft, Gazprom, NOVATEK, LUKOIL, Sibur and Nizhnekamskneftekhim. Supplies were successfully implemented for the following projects: Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, the Domodedovo, Sheremetyevo, and Pulkovo Airports, etc.

• New areas of Company activity starting from 2018 include development and production of the following:

• Modular equipment for the Oil&Gas and petrochemical industries (Company subsidiary ROG-Engineering, Ufa, Republic of Bashkortostan, Russian Federation);

• Industrial specialized solutions for metro substations (currently being consolidated into the Group's structure: Metrotonnel, Moscow, Russian Federation);

• Industrial electric heating systems.

• Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The personnel headcount is around 350 people. Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.

In June 2018, the company was named Import Substitution Leader at the Leader of Competitive Sales annual national awards, in which 450 domestic suppliers from various industries took part. 

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel.: +7 (800) 600-71-18

Mailing address: 1 Lyotchika Babushkina Street, Building 3, Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 660-71-18 ext. 164

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