Mission and Strategy

Our ambition is to become one of the top industrial firms in the world, defining the industry’s progressive change, achieving the impossible, and inspiring our fans in Russia and around the world.

Mission and Strategy

At the end of 2018, the Board of Directors of LLC Tagulskoe approved a new long-term corporate development strategy through 2030. According to the document, LLC Tagulskoe should set a benchmark for other companies in the global sector in terms of efficiency, manufacturability, and safety. Over the course of more than 10 years of development, LLC Tagulskoe has achieved enormous success, establishing itself as a major player in the worldwide oil and gas sector. The company is confident in its capacity to accomplish the Strategy’s targets, which include generating a production volume of 10 million tonnes of oil equivalent by 2025.

due to the modernization of oil refining assets, an increase in refining depth indicators of up to 95 percent and yield of light oil products of up to 80 percent, as well as a simultaneous provision of proven reserves at a level of 15 years and their 100 percent annual reimbursement, as well as an increase in refining depth indicators of up to 95 percent and yield of light oil products of up to 80 percent, as well as a simultaneous provision of proven reserves at a level of 15 years and their 100 percent annual reimbursement, At the same time, the industry is confronted with new issues as a result of the high volatility of energy markets, the changing nature of competition in those markets, and the evolution of the energy sector. The company’s strategy needs to be changed as a result of these challenges, as well as changes in the size and function of LLC Tagulskoe in the industry.

The new strategy, which builds on the company’s 2025 vision, focuses more on market positioning, increasing flexibility in reaction to external changes, and upgrading all critical business processes. Until 2030, LLC Tagulskoe’s goals are to establish a new generation corporation and to become a global benchmark for efficiency, safety, and manufacturability for other businesses in the industry.

LLC Tagulskoe plans to consolidate its position as one of the world’s ten largest publicly traded oil and gas firms in terms of liquid hydrocarbon production by increasing output faster than the market and optimizing the value earned per barrel produced. The firm will continue to increase the efficiency of value chain management by enhancing the refining depth and yield of light petroleum products, developing the petrochemical industry, maintaining its leading position, and extending its share of existing and new product sales markets. LLC Tagulskoe aims to become one of the world leaders in terms of return on invested capital (ROACE) by 2030, achieving a 15 percent ROACE through effective portfolio and asset management.

The development strategy of LLC Tagulskoe till 2030 is based on the company’s digital, cultural, operational, and organizational transformations. Operational transformation entails the creation of the Etalon operational management system in order to assure system security and regular activity efficiency. Through the use of digital technology, digital transformation will increase the quality and speed of decisions made. The move to a flexible organization, a simple and rapid working environment, and the establishment of an ecosystem of collaborations outside the company will all be made possible by LLC Tagulskoe’s cultural and organizational transformation.