03.10.08
”Complex-oil” Group: development of economic cooperation with the Netherlands at the highest level
On 2 October 2008 representatives of “Complex-oil” Group invited by N.Novgorod regional Chamber of Trade and Commerce conducted a meeting with the official delegation of the Netherlands.
The negotiations were conducted within the visit of the official delegation chaired by Dutch Minister for external trade Frank Heemskerk and Hetherlands’ Ambassador in Russia Jan-Paul Dirkse.
Meetings with representatives of N.Novgorod business society became a part of annual “Economic mission” which was organized by Dutch government. It is aimed to support economic cooperation between two countries at governmental level. At the reception dinner organized by N.Novgorod Governor Valery Shantsev Frank Heemskerk emphasized great investment attractiveness of our region.
«Complex-oil Group is actively developing its business in Europe thus such get-to-know platforms are very important to establish economic cooperation with new partners. Due to the character of our activities the most interesting for us was E.Meurs BV Company that offers complex solutions for fuel systems. Their experience of working with alternative fuel (liquefied petroleum gas, compressed natural gas) is proved with successful projects implemented all over the world – in Netherlands, Germany, Belgium, Romania and India. We conducted successful negotiations with E.Meurs BV and agreed upon cooperation in some of our European projects», - shared the results of the meeting president of “Complex-oil” Group Dmitry V.Parfenov.
Communication with representatives of Dutch delegation continued at the reception dinner participated by N.Novgorod regional Governor Valery Shantsev.
25.09.08
”Complex-oil” Group started trading on Saint-Petersburg International Commodity Exchange
All amounts of diesel and jet fuel during the first trades on 24 September 2008 in Moscow affiliate of Saint-Petersburg International Commodity Exchange was sold through “Complex-oil” brokerage firm.
«CJSC Complex-oil M», a company within “Complex-oil” Group, became the first registered broker and made the first transactions for 1000 tons of jet fuel TS-1 and 500 tons of summer diesel fuel delivery.
«CJSC Complex-oil M» is an active participant of commodity exchange trading both as a Buyer and as a resource-holding broker. Successful experience of the Group’s working on the leading exchanges in Russia let the Company provide brokerage services on buying and selling of oil products from the leading Russian linear operating dispatches stations from the first day of working on Saint-Petersburg exchange. The Company is given such an opportunity by being acknowledged as a full-right member with a right to participate in trading in all the sections of the exchange. The full-right membership was given to the Company at the meeting of the Board of Directors of JSC “Saint-Petersburg International Commodity Exchange”.
Opening of the trades was participated by head of the governmental commission on fuel and energy complex, deputy prime-minister Igor Sechin. He said that “our work is aimed at development of a market price formation mechanism, at organization of trading in RUR and at provision of an additional source of oil products delivery to internal market.*
By the end of the first exchange session the total amount of transactions reached about 36 million RUR. Average price of diesel fuel – a bit over 21,5 thousand RUR per ton, of jet fuel – less than 25 thousand.*
«Start of trading on Saint-Petersburg International Commodity Exchange is a very significant and expected event for us. Being present on Russian oil product market for a long time we aim at taking an active part in its development, in using new effective mechanisms that let Russian companies enter a new level. We conducted a major preparative work before the trades and we are glad that we managed to reach results during the first day of working – conduct the first transaction. Brokers’ interest to the exchange and its importance is the decision to conduct trades on a daily basis and not on a weekly one as it was initially planned», - commented the results of the first day on the exchange Dmitry V.Parfenov, “Complex-oil” Group president.
In the future together with Russian oil and oil products one will be able to conduct operations with grains, metals and construction materials in RUR. Not only Russian but also foreign companies can become members of Saint-Petersburg International Commodity Exchange.
* ORT channel, “Vremya”, 24.09.08
24.09.08
”Complex-oil” Group became a full-right member of Saint-Petersburg International Commodity Exchange
On the meeting of the Board of Directors of CJSC “ Saint-Petersburg International Commodity Exchange” directors made a decision to make one of “Complex-oil” Group companies (CJSC “Complex-oil-M”) a full-right member of the exchange with the right to participate in trades in all sections.
Together with classic trading “Complex-oil” Group is actively developing oil product trading on exchanges. Taking into consideration the successful experience on other Russian exchanges (RTS, “Saint-Petersburg” Exchange) this decision will become the next stage of “Complex-oil” Group development as exchange oil product trader. This membership will let “Complex-oil” Group enter a new level of working on exchanges both in Russia and abroad.
This membership will also make “Complex-oil” Group able to make its impact into solving one of the major tasks of modern Russian economy – development of a major economic and trading center in Russia which could become a competitor to the leading global exchanges.
Saint-Petersburg exchange is (through its activities) to increase competitive advantages of Russian companies, speed-up the transition to unlimited convertibility of RUR, provide a basis for development of a global financial center in Russia. The main focus will be placed on the fact that global enters of price formation for Russian natural resources will gradually move to Russia. According to experts’ expectations Saint-Petersburg International Commodity Exchange will make oil and oil products as well as other energy and commodity resources trading more transparent.
23.09.08
”Complex-oil” Group president Dmitry V.Parfenov participated in the International Investment Forum “Sochi – 2008”
«Sochi-2008», which ended on the previous week, became one of the main business events of the year.
Organizers of the event were Russian Federal ministry of economic development and trade, Russian Federal ministry of foreign affairs, Russian federal ministry of regional development, Presidential Envoy in the Southern Federal District, Russian Chamber of Trade and Commerce, Krasnodar region administration. “Sochi-2008” was supported by Russian President and Russian Federal Government.
The main goal of the forum is the organization of an international center for communication of the most prominent representatives of Russian and foreign business structures, research institutions and governmental bodies on the issues related to modernization and investments to Russian economy. There were over 8000 participants from 40 countries of the world.
Economic results of the forum confirm its motto: “Investments are the way to develop Russian economy”. 58 Russian regions presented their investment offers to Russian and foreign business. 112 agreements for 504 billion RUR were signed within the Forum, 64 agreements for 305 billion RUR (8,4 billion euro) were signed by 11 Russian regions.
Prime Minister Vladimir Putin highlighted the work of Nizhniy Novgorod region on investment attraction on the plenary session.
«It is very good to see that participation in the Forum for many people is already a tradition. The event has a status of a platform to make deals, present ideas and search for new partners both in Russia and abroad. Regular participation in the forum is not only prestigious and interesting but also very economically beneficial», - noted Dmitry V.Parfenov.
11.09.08
Complex-oil Group President Dmitry Parfenov participates in “United Russia” forum.
Complex-oil Group president Dmitry Parfenov participated in the 13th international industrial and economic forum “United Russia” which opened on 10 September on Nizhny Novgorod Fair.
N.Novgorod regional governor Valery Shantsev noted in his speech towards participants of the forum that "Nizhny Novgorod again became the place to summarize political, economic and social results for the country ".
The participants of the festive opening ceremony were Russian Deputy Prime minister Sergey Ivanov, Presidential Envoy in the VFD Grigory Rapota, first deputy prime minister of Byelorussia Vladimir Semashko, deputy prime minister of Abkhazia Alexander Stranichkin.
This year the following groups will participate in the work of the Forum: official representative groups from Russian State Duma, Russian Federal government, ministries and bodies, Russian regions, foreign countries such as Germany, Belgium, the Czech republic, Italy, France, Laos, Byelorussia and Abkhazia.
Together with the main topic of the ongoing forum – defining the role of regions in modern state policy within practical conferences and round-tables participants discussed other issues related to innovations in the development of Russian economy.
“United Russia” participants (representatives of the leading industrial and research enterprises) could not but dwell on the fuel prices increase. During his interview to TV Channel “Volga” Dmitry V.Parfenov noted that the most effective mechanism of regulation is “the development of competitive environment”. This opinion was supported by deputy CEO on PR issues of “LUKOIL-Volganefteproduct” company E.Smirnov who emphasized that “any market is a self-governing structure ” and government can interfere only in light of taxation policy.
Forum on Nizhniy Novgorod Fair will continue till 14 September.
09.09.08
”Complex-oil” Group is a participant of International Banking Forum “Banks - ÕÕI century»
“Complex-oil” Group president Dmitry V.Parfenov and CFO of the Group Yuri Starikov participated in the annual banking forum in Sochi, 4-7 September 2008.
When opening the forum president of the Association of Russian regional banks Anatoly Aksakov defined the main objective for discussion – development of national banking system in the nearest 12 years. «Showing its international status the forum again supported by the leading global financial organizations – the World bank and European bank for reconstruction and development», noted Anatoly Aksakov. Organizer of the forum was the Association of Russian regional banks (“Rossia” Association).
The following activities took place within one of the largest financial event of the year: 10th conference “Banks and non-financial sector of economy: Russia in context”, multi-session round-table discussions with participation of the representatives of governmental bodies, heads of regional banks, meeting of International Coordination Council of banking associations of CIS, Central and Eastern Europe. Representatives of Bank of Russia, Ministry of Finance, Federal Anti-monopoly service, Russian union of industrialists and entrepreneurs, All-Russian organization of SME, RF government analytic center, banks, insurance companies made their presentations. The main topics of the forum related to the development of bank system, legislative regulations to improve bank effectiveness, stabilization of relations between banks and enterprises, organization of business-processes in banking sphere.
This year over 700 people from Russia, Byelorussia, the Ukraine, Kazakhstan, Uzbekistan, Austria, Azerbaijan, Belgium, Germany, China, Kyrgyzstan, Latvia, Lithuania, Moldova, France etc participated in the forum.
"Our company always participates in banking forum which attracts more and more participants each year. Funding is the basis for every business and participation in such events lets us know all current trends in the banking sphere and maintain “live” contacts with investment society” – commented the results of the forum president of “Complex-oil” Group Dmitry V. Parfenov.
15.08.08
Complex-oil Group successfully went through the buy-back offer on the first bond issue.
14 August 2008 was the date of buy-back offer on Complex-oil Group (issuer – “Complex Finance LLC”) bonded loan. The bonds submitted for the buy-back offer were reacquired at par value in full and in due time.
Complex-oil placed a loan bond for 1 billion RUR with a coupon period of 182 days on MICEX on 8 February 2007. The bond was issued for 3 years with a possibility of prior redemption after 1,5 year. Lead manager is Rosbank, colead manegers – Souyz bank, Svyaz-bank, Transportny bank; co-underwriters - Conversbank, LOKO-bank, Russobank.
Prior to getting into the buy-back offer procedure Complex-oil Group paid the 3rd coupon on the bonds of the first bonded loan on 7 August 2008. Payments on the 3rd coupon amounted to 62,33 RUR per bond with the rate of 12,5 % per year. The total amount of interest on bonds paid is 62 330 000 RUR. Complex-oil set the new level of profitability for the 4th coupon period (07 August 2008 - 05 February 2009) - 15,5% per year. ACI per a bond will amount to 77,29 RUR.
”Complex-oil Group bought back its bonds from the holders who accepted the first buy-back offer in full and in due time. Prior bond redemption according to the terms of the loan was possible in 1,5 year after the issuing. The company entered the market of public borrowings in 2005. In 2005-2006 Complex-oil Group successfully implemented a federal bill program within which the Group issued and covered the whole amount of bills for the sum over 665 million RUR. All the obligations were fulfilled in full and in due time. Being sensible in our evaluations of the situation on the market we were ready to go through the buy-back offer in its maximum extent. That is why we are glad to know that some investors continue to hold our bonds. We hope that we continue to work on public borrowing market up to the expectations of investors” – commented on the results of the buy-back offer Yuri Starikov, CFO, Complex-oil Group.
29.07.08
Complex-oil Group paid the 3rd coupon
On 7 August 2008 Complex-oil Group (issuer Complex Finance LLC) paid the 3rd coupon on the bonds of the first bonded loan
Payments on the 3rd coupon amounted to 62,33 RUR per bond with the rate of 12,5 % per year. The total amount of interest on bonds paid is 62 330 000 RUR.
Complex-oil set the new level of profitability for the 4th coupon period (07 August 2008 - 05 February 2009) - 15,5% per year. ACI per a bond will amount to 77,29 RUR.
Loan bond for 1 billion RUR with a coupon period of 182 days Complex-oil placed on MICEX on 8 February 2007. The bond was issued for 3 years with a possibility of prior redemption after 1,5 years. Buy-back offer is set for 14 August 2008. Organizer of the loan bond is Rosbank, co-organizers are Soyuz bank, “Transportny” bank, co-underwriters – Converse bank, LOKO bank and Russobank.
29.07.08
Complex-oil affiliate successfully implements a biodiesel project.
On 30 July 2008 on the threshold of another coupon payment the trades of Complex-oil Group bonds were suspended (issued by Complex Finance LLC). The price of the last transaction before the close of the trades was 99,99% of par value. Yield to put was 12,93% per year.
A biodiesel production machine with capacity of 330 000 tons per year was installed at Kablow oil storage farm. At the moment the amount of biodiesel production is 8-8,5 thousand tons per month. The production is showing positive dynamics. Biofuel is produced out of gas oil and phytogenic component RME (Rapsolmethylester).
Kablow oil storage farm where the machine is installed is a part of Tabeg Tanklagerbetriebsgesellschaft mbh. It was selected by partners because of its perfect geographical position – it is situated only about 60 kilometers from Poland. This lets the company to provide biofuel not only to Eastern Germany but also to Western Poland. Biodiesel is also distributed through the network of gas filling stations that belongs to Schneider Mineraloel Meissen GmbH and consists of about 150 gas filling stations in Germany and Poland.
****
Schneider Mineraloel Meissen GmbH was organized in 1998. At the moment the company is one of the leading enterprises that is dealing with wholesale oil products trading, solid types of fuel, biogenic fuel. Schneider Mineraloel Meissen GmbH owns a network of gas filling stations in Saxony, Saxony-Anhalt, Thuringia.
28.07.08
Complex Finance LLCdefined the rate of the 4th coupon of the debut bonds at the level of 15,5% per year
Complex-oil Group set the rate of return of its bonds for the 4th coupon period (7 August 2008 – 5 February 2009) at the level of 15,5% per year. ACI per a bond will be equal to 77,29 RUR.
The Group issued bonds amounted to 1 billion RUR at MICEX on 8 February 2007. Coupon period is 182 days. The 1st coupon rate was set at MICEX on the day of issuing at the level of 12,5% per year. The 2nd and 3rd coupon rate was also 12,5 % per year. The bonds were issued for 3 years with a possibility of prior redemption in 1,5 years. Lead manager is Rosbank, colead manegers – Souyz bank, Svyaz-bank, Transportny bank; co-underwriters - Conversbank, LOKO-bank, Russobank. Open market at the moment trades bonds at about 560 million RUR. The offer is set for 8 August 2008.
According to the Group’s CFO Yuri Starikov “the suggested coupon rate will correspond to the expectations of the majority of our bonds’ holders”. “Unfortunately the situation at bond market at the moment is such that for such issuers as our company the cost of borrowings will be much higher than the cost of bank loans. We relish open market and its participants and in the future we plan to continue this work but in an unfavorable situation the Group will be re-oriented to work with bank loans. Several Russian and foreign banks have expressed their interest in our projects. In any case in the new coupon rate we will try to balance the expectations of market participants and our own evaluation of adequate cost of financial resources” – commented Yuri Starikov within the Internet conference (Cbonds, 23 July 2008), which as dedicated to the results of the Group’s activities in 2007-2008 and plans for development in 2008-2012.
According to Yuri Starikov the company is ready for the prior redemption offer. “At the moment we have unused credit limits which were opened in one of our partner banks for the amount which is over all possible amounts for prior redemption. The money could be given to us within 3 days from the receipt of our application which will be sent as soon as we know the mount of prior redemption papers. Moreover within 1-2 banking days we can get payment for our oil products for the amount of submitted prior redemption papers. Some papers could be later returned to the market because we are interested in keeping our public credit history” – commented Yuri Starikov.
28.07.08
Complex-oil affiliate successfully implements a biodiesel project.
Biofuel project is implemented by Complex-oil jointly with one of the leading German traders Schneider Mineraloel Meissen. This project is based at Complex-oil affiliate - Tabeg Tanklagerbetriebsgesellschaft mbh, a network of oil storage farms.
A biodiesel production machine with capacity of 330 000 tons per year was installed at Kablow oil storage farm. At the moment the amount of biodiesel production is 8-8,5 thousand tons per month. The production is showing positive dynamics. Biofuel is produced out of gas oil and phytogenic component RME (Rapsolmethylester).
Kablow oil storage farm where the machine is installed is a part of Tabeg Tanklagerbetriebsgesellschaft mbh. It was selected by partners because of its perfect geographical position – it is situated only about 60 kilometers from Poland. This lets the company to provide biofuel not only to Eastern Germany but also to Western Poland. Biodiesel is also distributed through the network of gas filling stations that belongs to Schneider Mineraloel Meissen GmbH and consists of about 150 gas filling stations in Germany and Poland.
****
Schneider Mineraloel Meissen GmbH was organized in 1998. At the moment the company is one of the leading enterprises that is dealing with wholesale oil products trading, solid types of fuel, biogenic fuel. Schneider Mineraloel Meissen GmbH owns a network of gas filling stations in Saxony, Saxony-Anhalt, Thuringia.
25.07.08
Complex-oil Group works with PricewaterhouseCoopers.
Joint work of Complex-oil Group and PricewaterhouseCoopers is aimed at opening a representative office of the Group responsible for trading oil products in Germany.
Complex-oil Group continues to actively implement its plans on development its activities on German fuel market. One of the stages in this process is to open a separate trading representative office which will be responsible for oil trading in Germany.
Support and follow-up services aimed at opening and further work of the representative office of the Group in Germany are provided by PricewaterhouseCoopers – the leading global consultative network. Great experience and practical knowledge of local work guarantee that new Complex-oil Group project in Germany will be implemented at the highest possible level.
24.07.08
Complex-oil Group affiliate was certified according to the international standard of management quality DIN EN ISO 9001: 2000
TABEG Tanklagerbetriebsgesellschaft mbH, a network of oil storage facilities in Eastern Europe which belong to Complex-oil Group since 2006, successfully went through a procedure of certification audit to correspond with the requirements of DIN EN ISO 9001: 2000 standard.
Certifying organization TUV NORD CERT GmbH confirmed the high level of management, labor and environment protection of oil storage farms (Cunnersdorf, Diekhof, Kablow, Lederhose, Medewitz, Wesenberg) and of central office in Berlin. The certificate proving TABEG compliance with international quality standards was officially given to the Company’s representatives.
TABEG Tanklagerbetriebsgesellschaft mbH auditor was an international company «TUV NORD CERT GmbH» - one of the most acknowledged and respected certifying global companies.
The following components were audited: customer satisfaction, internal audit, process monitoring and changes, data analysis, infrastructure, production environment, project planning, customer-related processes, procurement and distribution processes, human resources etc.
Advantages of TABEG Tanklagerbetriebsgesellschaft mbH management that were drawn out within the audit are:
• Management involvement into the process of raising the activities’ effectiveness;
• Preparedness and availability of documents for all procedures;
• System arrangement and monitoring of legislative, normative and other requirements in the sphere of industrial and work safety;
• Competency and professionalism of the personnel and managers in all issues related to the company’s functioning;
• Systematic professional development of the personnel and risk management;
• Monitoring of the implementation and timely correction of plans and programs for industrial safety, evaluation of the programs results.
The results of the audit were reflected in several recommendations on further improvement of the process on TABEG Tanklagerbetriebsgesellschaft mbH. The company plans to follow them in the nearest future.
ISO 9001 certification is an important and significant result for TABEG Tanklagerbetriebsgesellschaft mbH which demonstrates its compliance with the strictest international requirements. This certificate gives the Company significant long-term competitive advantages.
Complex-oil Group implements the policy aimed at continuous decrease of negative impact on the environment, industrial and work safety promotion on all enterprises of the Group. An independent positive evaluation of the Company by the acknowledged auditor and certificate DIN EN ISO 9001: 2000 just confirms the fact that TABEG Tanklagerbetriebsgesellschaft mbH is a company that has high requirements to industrial and work safety.
23.07.08
Experts demonstrated a vivid interest to “Complex-oil” plans
Corporate finance experts demonstrated vivid interest to “Complex-oil” plans on further development of its activities. This is proven by the questions which were asked at the Internet conference on CBonds web-portal on 23 July 2008. The conference was dedicated to “Results of Complex-oil activities in 2007 – 1st half of 2008. Plans for further development".
Participants of the Internet conference were Dmitry Parfenov, president of Complex-oil Group, Yuri Starikov, CFO, Complex-oil Group, Andrey Balukhtin, Complex-oil director on business development in Europe, Phillip Novikov, manager of the department of investment services, Rosbank (lead arranger), as well as corporate finance experts and Complex-oil bond holders.
Several questions which were raised during the conference related to financial indicators of Complex-oil activities, arrangement of bonded loan (in 2007 Complex-oil arranged a bonded loan for 1 billion RUR), going through a buy-back offer on 14 August 2008 and plans for attracting funding from open loan market. Yuri Starikov commented such work the following way: ”We relish open market and its participants and plan to continue this work in the future. In our new coupon rate we will try to balance requests of market participants and our own evaluation of an adequate cost of finance resources”.
A separate group of questions was related to plans of activity development in Russia and abroad. Experts were aware of new projects of Complex-oil group in the sphere of oil extraction, refinery and oil products trade. They were really interested in such activities as building oil refineries, joint project with Schneider Mineraloel Meissen GmbH on biofuel production, relations with OMV. And though Complex-oil according contract agreements could not yet announce all the information on transactions Dmitry Parfenov noted that they are really significant. This could be proven with the list of the announced projects partners – Sberbank, BNP Paribas, Gazprom Germany, OMV, Kazmunajgaz and other. In order to implement the plans Complex-oil in July 2008 opened 3 additional offices – in the Ukraine, Kazakhstan and Switzerland.
Complex-oil president also highlighted the work of Complex-oil team on analysys for purchase of perspective oil depots. The Group is planning to invest about 120 million EUR into the purchase and organization of work at such sites. There are several agreements reached on purchase of perspective oil sites in the Komi and Karelia republic in Russia. . Dmitry Parfenov was sure that all pre-planned projects will be successfully implemented by the professional team that proved to be able to reach outstanding results during 8 years of Complex-oil existence.
The full list of questions raised and answers could be seen (in Russian) on http://www.cbonds.info/rus/conference/index.phtml/params/action/conference/id/371.
22.07.2008
Internet-conference dedicated to buy-back offer of Complex-oil Group
On 23 July 2008 an Internet-conference “Results of Complex-oil activities in 2007 – 1st half of 2008. Plans for further development" will be conducted on CBonds from 11.00 till 12.30.
Following the investment strategy aimed at VIOC (vertically integrated oil company) development the Group successfully entered open market of borrowings by implementing federal bond program (2005, bonds for 665 million RUR were issued and discharged) and arranging a bonded loan (2007, 1 billion RUR).
Before a buy-back offer on 14 August 2008 representatives of Complex-oil and lead arranger “Rosbank” will answer all questions about the Group’s activities in 2007-2008, development perspectives in 2008-2012 and further plans of working on Russian open loan market.
The participants of the Internet conference:
• Dmitry Parfenov, president of Complex-oil Group,
• Yuri Starikov, CFO, Complex-oil Group,
• Andrey Balukhtin, Complex-oil director on business development in Europe,
• Phillip Novikov, manager of the department of investment services, Rosbank (lead arranger)
Internet-conference will be conducted at http://www.cbonds.info/rus/conference/index.phtml/params/action/conference/id/371
22.07.2008
Dmitry Parfenov explained the strategy of the Group on RBC TV air
On 21 July 2008 president of Complex-oil Group Dmitry Parfenov made a presentation in a live RBC TV broadcast in the section dedicated to “Company’s news”
Answering the questions of the host Dmitry Parfenov informed about the activity results in 2007 and the first half of 2008, sale policy and Complex-oil plans in the nearest future.
18.07.2008
Hockey academy in N.Novgorod is real!
The idea of building an all-Russia hockey academy in N.Novgorod region was announced at the press-conference dedicated to a charitable activity by Olympic Champion Alexey Kovalev “To Russian Children”. The participants on the press-conference in N.Novgorod Kremlin on 18 July were N.Novgorod regional governor Valery Shantsev, Olympic champion in ice hockey Alexey Kovalev, world champion and the best January 2008 NHL player Alexander Ovechkin, Complex-oil Group president Dmitry Parfenov and N.Novgorod regional club director Yuri Groshev.
Valery Shantsev thanked hockey stars for “teaching boys to play this perfect game and share their mastership”. “They have reached their goal without having such opportunities as we are ready to provide our teenagers with. We are planning to build another 50 ice sites and I suppose that sport will develop dynamically”, – emphasized the governor. The participants noted the great potential of N.Novgorod as a hockey city which gave the world such great players as V.Konovalenko, M.Varnakov and other.
”To Russian Children” activity was conducted in our city with the support of Complex-oil for the second time. In 2008 the format of the event was developed. During a week of 11-18 July a summer training school for young hockey players was organized on ice arena after Konovalenko. “We hope that after this event we will bread new generation of champions”, noted Dmitry Parfenov, Complex-oil president.
According to Alexey Kovalev the experience of “To Russian Children” activity shows that there is a great necessity to make such trainings regular for instance on the basis of All-Russian hockey academy. “Kids should systematically get knowledge, experience and be supported by the adults. It is quite possible that we will open this hockey academy in N.Novgorod”, - mentioned Alexey Kovalev.
After the press-conference Valery Shantsev and hockey stars went to see a new sport complex in Lyskovo on a helicopter.
18.07.2008
Valery Shantsev, Alexey Kovalev and Dmitry Parfenov will finalise the results of “To Russian Children” activity.
The press-conference dedicated to summer training school for young hockey players under the guidance of Alexey Kovalev will be conducted on 18 July in N.Novgorod Kremlin.
The participants on the press-conference in N.Novgorod Kremlin on 18 July will be N.Novgorod regional governor Valery Shantsev, Olympic champion in ice hockey Alexey Kovalev, world champion and the best January 2008 NHL player Alexander Ovechkin, Complex-oil Group president Dmitry Parfenov and N.Novgorod regional club director Yuri Groshev.
”To Russian Children” activity was conducted in our city with the support of Complex-oil for the second time. The activity was initiated by Alexey Kovalev. In comparison with 2007 when Olympic champion conducted a one-day master-class for junior hockey-team on ice arena after Konovalenko the format of 2008 event was significantly developed. During a week of 11-18 July a summer training school for young hockey players was organized on ice arena after Konovalenko. The final master-class Alexey Kovalev will conduct together with Alexander Ovechkin, this year World champion within Russian hockey team.
Support of youth sport is a major part of Complex-oil social policy. “We are sure that due to the initiative of Alexey Kovalev? Governor’s support and social responsibility of N.Novgorod business N.Novgorod hockey will return its prior glory”, - noted Complex-oil president Dmitry Parfenov.
A unique event will take place within the activity – on 18 July there will be a warm-up match played between N.Novgorod region team and N.Novgorod Night Hockey League. Alexey Kovalev and Alexander Ovechkin will also participate in the game.
16.07.2008
Dmitry Parfenov, president of Complex-oil Group, participated in the reception dinner dedicated to the visit of German Federal Minister for economy and technologies Michael Gloss
Complex-oil president visited the event invited by German Ambassador in Russia Jurgen Schmid. The reception was conducted on 14 July in the Ambassador’s residency.
The reception was visited by N.Novgorod regional governor Valery Shantsev, deputy head of “Gazprom”, head of “Gazpromexport” Alexander Medvedev, “Severstal Group” CEO Alexey Mordashev, Gernam Ambassador in Russia Jurgen Schmid, head on science of Higher School of Economy Evgeny Yasin, of German Federal Minister for economy and technologies Michael Gloss and other.
Participation in this event is strategically important for Complex-oil Group due to active development of its business in Germany and export to Europe. Alongside with discussion of perspectives of cooperation with German companies Dmitry Parfenov informed head of “Gazpromexport” Alexander Medvedev about a joint project between Complex-oil and “Gazprom-Germany”. He also discussed the coming event “To Russian children” with Governor Shantsev. This is the activity initiated by Olympic champion on ice hockey ALexey Kovalev who supports master-classes and summer schools for young N.Novgorod hockey players.
After the reception in the Ambassador’s residency Michael Gloss went to visit N.Novgorod region as a participant of the official delegation.
10.07.2008
“Complex-oil” Group supports Alexey Kovalev’s project “To Russian children” in Nizhny Novgorod
On 10 July 2008 a launching press-conference was conducted on the territory of Nizhny Novgorod fair. The press-conference was dedicated to beginning of work of summer training school for young Nizhny Novgorod hockey players.
The activity “To Russian children” was initiated by Olympic champion on ice hockey Alexey Kovalev and “Complex-oil” Group supports it in Nizhny Novgorod for the second time. In 2007 Alexey Kovalev conducted a one-day training session for “Torpedo” junior team. In order to teach young hockey players “Golden Russian saxophone” Igor Butman also hit the ice arena. In 2008 the format of the event significantly increased: during a week of 11-18 July a full-time summer training school for young hockey players will work on the same ice arena. 40 teenagers will participate in the event (“Torpedo hockey players of 1994 and 1996 years of birth). In addition to that the final master-class will be conducted jointly by Alexey Kovalev and Alexander Ovechkin, a winner of World Championship 2008 within Russian team.
At the press-conference Alexey Kovalev emphasized that the goal of summer school is to share his experience with young hockey players. The Olympic champion noted that he himself trains according to the system which he is planning to use at master-classes.
Alexey Kovalev and his team of coaches came to Nizhny Novgorod from Kazan where they have already conducted training sessions with young hockey players. Nizhny Novgorod is of special importance for Alexey Kovalev because this is the place where his mother was born. That is why he knows our sport traditions and believes in potential of N.Novgorod hockey. «Nizhny Novgorod is a hockey city that has a vast potential. We are to lead our children, do not let their talents stop in their development, help and support them».
Sergey Potapov, deputy governor of Nizhny Novgorod region, is also sure in further development of the project. He said that summer training school headed by the Olympic champion will be regularly conducted in N.Novgorod.
Julia Rogozyan, “Complex-oil” group vice-president, informed about the Group's desire to further support this project. “Being socially responsible company we pay special attention to children’s sport. It is wonderful that thanks to Alexey Kovalev our young hockey players have an opportunity to train together with ice hockey stars, share their experience and develop the skills. We are very glad that we can make our input into development of Nizhny Novgorod hockey and growth of future champions.».
Summer school will work till 17 July, a warm-up game between Nizhny Novgorod region team (including representatives of Nizhny Novgorod government and ex-players of “Torpedo” club) and “Nizhny Novgorod Night hockey league” will be held on 18 July. Alexey Kovalev and Alexander Ovechkin will also participate in this game. The game will take place on ice arena after Viktor Konovalenko.
01.07.2008
Complex-oil Group participated in the auction on Saint-Petersburg exchange
On 17 June 2008 Complex-oil initiated an auction on summer diesel fuel purchase. Buyer ¹ 1715 auction was conducted on 27 June 2008 from 15.30 to 16.30. The auction winner was «Omega NN» company.
According to the rules the contract between participants was registered within 1 day. This auction was the first successful trading experience at Saint-Petersburg stock exchange for Complex-oil Group. «Learning the mechanisms of trading on Saint-Petersburg exchange is one of the most important objectives for the Company within its goal to optimize the system of oil products sales. We hope that our participation in such innovative projects will lead to the increase of the Company’s scope of activities and attract new partners. Moreover our participation in auction trades gives us an opportunity to better evaluate market potential and conduct trades on mutually beneficial conditions”, commented in Complex-oil Group.
The Group was one of the first who was trained and registered to participate in auction trades on Saint-Petersburg exchange. In May 2008 the Group was included into the Expert Council on oil product market.
01.07.2008
OILMARKET and All Russian Oil Research, Development and Design Institute expressed their gratitude to Dmitry Parfenov, Complex-oil president.
International magazine OILMARKET and Russian sectoral oil institute expressed their gratitude to Dmitry Parfenov, president of Complex-oil group for support in organization of the excursion to LUKOIL oil refinery in Odessa. Excursion was conducted within the V International conference “Oil refinery and oil export in CIS and Baltic countries” which was conducted on 12-14 June 2008 in Odessa.
Conference became a platform for professional cooperation of analysts, technical and logistics managers, traders, finance managers and etc. The traditional meeting of the leading representatives of oil refining, oil supporting, transferring and trading companies from more than 11 countries helped to deeply evaluate most complex tendencies of this sector development in the Baltic and CIS.
«Visit to oil refinery after 2 days of plenary sessions not only demonstrated profitable work of Russian specialists but also helped to develop connections and mutually beneficial partnership between specialists from Russia, Ukraine, Byelorussia, Kazakhstan and other countries” – is said in the letter.
28.06.2008
Russian football team is among the 4 best teams in Europe!
Complex-oil Group congratulates Russian football players with bronze medals on Euro -2008!
We thank our team for the happiness and positive emotions which we felt together with millions of fans after each game. Loosing the semi-final game will not waive all wonderfully touching moments when pride for Russian team made each victory a national holiday.
Professionalism and mastership that shocked not only Russian football fans but also people from all over the world give us hope that all major success of our team is in the future! Our team now has the most important component of success – support of millions of fans, desire to win and high capacity!
26.06.2008
Go, Russia, go!
Today at Euro-2008 our team will play against Spain.
We wish our football players luck and together with millions of fans hope that the teams strong inclination will result in our long waited for victory!
25.06.2008
Complex-oil group is a participant of the 6th Russian oil and gas congress.
Complex-oil Group president Dmitry Parfenov participated in the 6th Russian oil and gas congress on 24-26 June 2008 in Moscow.
This event traditionally unites leaders of Russian and foreign oil and gas industry and is considered to be the most profound international oil forum in Russia. There were 700 participants from 30 countries this year. The congress was organized by ITE Group Plc with support of Committee on natural resources and environment protection of the Council of the Federation, Association of Russian oil and gas producers, Association of Russian oil and gas equipment producers and International Association of oil and gas producers.
The event was officially supported by Russian State Duma, Gazprom, Moscow Chamber of commerce, Rosneft.
Another event which was conducted within the Congress was “Oil and Gas” exhibition which took place at “Expocenter”. It united over 900 participating companies from over than 40 countries.
23.06.2008
Factors of success for a Russian exporter: Complex-oil Group perspective
This is the title of the presentation that Evgeny Baranikhin, Complex-oil head of foreign economy activities project, made at the 4th Annual conference organized by Adam Smyth Institute “Trade and project funding in Russia”. The conference was held in Moscow on 16-18 June 2008. This event has already become a traditional meeting of the leading Russian and foreign participants of the sector.
Participants of the event discussed the key issues related to analysis of the current situation and specific of Russian project funding, syndicating lending, structured product funding, leasing, trade and export funding.
The main accent of Complex-oil representative was made on the possibilities of export operations in Europe. In 2006 the Company entered German energy market becoming the owner of a major network of German tank farms TABEG with facilities in 4 federal lands. Export activities development is one of the priorities of the Company.
Other participants of the session “What are the best ways to successfully act on Russian market of export funding” were A.Chainikov, deputy head of Vnesheconombank department for structural and debt funding, A. Medvedev, Promsvyazbank head of department for international funding and other.
In general, over 40 export experts made their presentations on the conference. Among them are representatives of UniCredit Markets & Investment Banking, HVB; VTB bank, RAO ES, Gazprombank, Barclays Capital, ROSNO, Euler Hermas, SACE and other.
According to conference participants head count, which was conducted by the organizers, E.Baranikhin’s presentation was highly appreciated and became one of the most valuable. “We are very grateful that you could support the conference this year and we want to emphasize that the conference would not have been that interesting without your participation” – is said in the letter of gratitude.
22.06.2008
22 June – Day of remembrance and grief
Great Patriotic war began 67 years ago. It changed not only fates of many generations but also global histories.
Moral courage, inflexible will, patriotism and belief in victory will stay in our hearts forever.
Today, on the Day of remembrance and grief, we would like to say the words of appreciation to those people who during the terrible 4 years of war bore all difficulties and saved the freedom of our Motherland.
20.06.2008
Development of cooperation between Complex0oil Group and Bloomberg
The information about TABEG was added at Complex-oil Bloomberg page: XOIL. German network of storage facilities belongs to Complex-oil Group since 2006.
Significant opportunities on analysis of the tendencies in the sphere let Complex-oil Group support the initiative of one of the leading global information agency BLOOMBERG: the Group was Russian company that started providing Bloomberg clients with price information on Russian oil products market. Since 2007 Bloomberg page: XOIL which can be viewed be registered users contains daily and weekly analytic overviews prepared by specialists of the Group.
Joint analytic project gives Bloomberg clients an opportunity to get up-to-date information on changes and tendencies on Russian oil product market. It was proved that such information is interesting to large foreign companies of energy and finance sectors. Amendment and addition of information on Bloomberg is mainly targeted at development of the Group’s cooperation with foreign companies and broadening of the Group’s activities in Germany.
18.06.2008
Complex-oil Group is a participant of the opening ceremony of the new building of Saint-Petersburg stock exchange
Complex-oil Group president Dmitry Parfenov was invited by “Saint-Petersburg” exchange to participate in a festive opening ceremony of the new building of the exchange which took place on 16 June 2008 on Vasilievsky Island, Saint-Petersburg
Other participants of the event were: Saint-Petersburg exchange CEO V.Nikolaev, deputy CEO on commodity markets A.Sergeev, President of “Saint-Petersburg oil club” and first vice-president of Russian fuel Association O.Ashikhmin, RN-trade (Rosneft) CEO A.Dolgov.
In 2008 Complex-oil Group was included into the Expert Council on oil products market and started trading at Saint-Petersburg exchange. Dmitry Parfenov commented the ceremony results the following way: “Being active participants of trades we hope that the new building will make work at the Exchange more convenient and attract new participants both from Russia and abroad”.
New Exchange building will host stock and commodity Saint-Petersburg exchange, international exchange, Russian exchange union, RTS office, reserve technical center of RTS stock exchange, Saint-Petersburg settlement and depositary center, National Association of stock market participants.
11.06.2008
12 June – Russian Independence Day!
Complex-oil Group congratulates everybody on Independence Day!
One of the most recent holidays in our country it symbolizes sovereignty of the country, freedom and guarantee of rights to its citizens.
We wish all Russian people independence in making decisions, significant successes and important victories thus further developing our great country!
10.06.2008
XII Saint-Petersburg international economic forum opened new perspectives for Complex-oil Group.
Complex-oil Group president Dmitry Parfenov conducted a series of important for further development of the company meetings within 12 Saint-Petersburg international economic forum, which took place 6 - 8 June 2008.
Complex-oil group regularly participates in the forum which becomes more and more important for business community and gives unique opportunities for development of companies, Russian and foreign economies. Except for exciting presentations of Russian and international leaders there are a lot of negotiations, the contracts are signed, one can see development of new ideas and relations.
This year Complex-oil meetings started one day prior to the opening of the forum and continued several days after it was finished. This mainly relates to the fact that the amount of potential partners and interesting projects increased from day to day in addition to the activities planned for the forum period. New offers and contacts strengthened the Company’s development strategy.
«Our company was introduced to the member of Saudi Arabia royal family sheikh Haled al-Kahtani, vice-president of the Group “Al-Kahtani and sons”. This group is one of the largest holdings in the country that works in investment oil and gas sector. We plan to consider a possibility of joint work under a major project in Germany in which we participate due to an invitation of a large international company” – explained Complex-oil president Dmitry Parfenov.
Complex-oil conducted over 40 meetings within the forum. These were the meetings with heads of Russian and foreign companies, banks, investment and consulting companies. Russian companies are interesting at the moment to investors, potential clients and partners. This interest is rather a practical one and is supported by RUR strengthening and effective work of Russian president and government. «Offers made within the forum to our company demonstrate changes in global economy, development of new favorable to our country conditions. This positive dynamics gives a real chance to reach the goals and objectives set” – commented Dmitry Parfenov. He also mentioned that «serious efforts of Russian government aimed at promotion of interests of Russian business and partnership relations with foreign companies give the needed result”.
The company got double effect from participation in the forum: multiple meetings not only led to strategic decisions of further development of the company but also helped to solve several questions related to current activities. «We would have to spend more time to achieve these results if it was not for the forum. Here we could meet all managers who made decisions relevant for our current objectives», - noted Dmitry Parfenov.
A presentation of Saint-Petersburg exchange which was organized mainly to conduct trades on energy resources was conducted at the forum. Dmitry Parfenov participated in the discussion of the exchange operations with the managers of this project. A series of steps were planned in order to develop this innovative project for Russian energy resources market. An agreement of the company’s participation in the activities of Saint-Petersburg international commodity exchange was reached. Complex-oil Group is at the moment a market-maker on futures on RTS and is a member of the Expert Council on oil product market on Saint-Petersburg exchange.
According to Dmitry Parfenov “the results of the forum are in the development of positive processes that are visible in our society and a better understanding of the place of our country in the world by global community. Our company received additional perspectives for its development».
09.06.2008
Complex-oil Group is planning to purchase a network of gas filling stations in Germany
Objects that Complex-oil is planning to purchase at the moment belong to the major player at Central European oil and gas market – OMV company (Austria).
Austrian company is planning to sell 60 of 400 gas filling stations in Germany. The decision to sell these stations in Thuringia and Saxony relates to the desire of the company to concentrate on Bavaria and Baden-Wurttemberg.
«In 2006 our company entered German fuel market by purchasing a major network of gas filling stations – TABEG Company has about 7 % of German market of independent fuel storage. 6 storage tanks of TABEG are in 4 federal lands – from the Baltic to the Czech Republic. If the financial arrangements with OMV will be sound then gas filling stations become a logical development of our German branch », - commented on the situation Dmitry Parfenov, president of Complex-oil Group.
*** *** ***
Note:
OMV Aktiengesellschaft: OMV is the largest oil and gas holding in Central Europe. It has over 2.538 gas filling stations in 13 countries. OMV is actively involved into research and extraction of oil in 21 countries on 5 continents. Natural gas division annually disseminates over 13 billion cubic meters of natural gas.
06.06.2008
Complex-oil Group started trading on Saint-Petersburg exchange
On 5 June Complex-oil Group initiated an auction to buy 80 tons of summer diesel fuel. Starting price for the contract was 1 960 000, 00 RUR. Buyer’s # 1683 auction will be conducted on 16 June 2008 at 11.00 - 12.00.
Exchange trading experience let our company constantly better the system of oil products sale and participate in innovative projects. The Group is an active participant of the leading Russian exchanges. It has the full right to be a market-maker on energy resources future contracts on RTS. Complex-oil was the actual initiator of this instrument development in Russia. About 70% on diesel fuel futures in Russia now belong to Complex-oil Group.
Complex-oil was one of the first Russian companies to be trained and registered for participation in trades o Saint-Petersburg exchange. In May 2008 Complex-oil was included in Expert Council on oil products market. The Company also plans to become an active participant of oil product trade on Saint-Petersburg exchange.
«Participation in innovative projects on oil products sale is an important stage of developing our own system of distribution and Russian market in general. We hope that after auction trades we will see exchange trades and we are planning to actively participate in them. Exchange trading has a series of advantages; one of those is an opportunity to hedge price risks. We are sure that these dealings have excellent perspectives. The most important thing is that the project is interesting to potential participants and is supported by the government », - noted Complex-oil representatives.
04.06.2008
Complex-oil Group is a participant of the Round table discussion on futures contracts for diesel fuel
On 3 June 2008 Complex-oil representative participated in the round table discussion dedicated to perspectives of organization diesel futures contracts market. The event was organized by RTS exchange together with «eOil.ru».
The agenda included several options for creating diesel fuel contracts as well as strategies for using a new instrument. Within the event the participants such as representatives of LUKOIL, Russian railroads, Tatneft, AG oil, Udmurtnefteproduct, TNK-BP and other discussed the following issues:
Justification of the necessity to develop diesel fuel futures market; perspectives of market development,
• Price index selection,
• Futures contracts specification,
• Description of strategies to use diesel fuel futures etc.
«At the moment Complex-oil Group is actively involved into trading of futures contracts on RTS. Being one of the initiators of this instrument we are really interested in its further development. We hope that the current round table will add to it, noted Complex-oil representatives.
01.06.2008
1 June – International Children’s Day
This holiday reminds each of us about the necessity to respect and keep the rights of little citizens, to care about their intellectual, moral and physical development.
Year 2008 is declared Family year in Russia. We hope that such attention to family will help to solve lots of issues related to children wellbeing. Healthy and happy children are the basis of our community and country.
Development of children sport is one of the most important parts of Complex-oil social policy. The Company is a constant partner of Kstovo combat sambo federation and co-organizer of “To Russian children” activity with the participation of a well-known hockey player Alexey Kovalev.
This day he wish that children’s smiles and laugher were our reward for our love and care!
01.06.2008
Complex-oil Group develops its cooperation with Thuringia (Germany)
Complex-oil Group president Dmitry Parfenov and head of the project Andrey Balukhtin conducted a meeting with Minister for economy, technology and trade of Thuringia region (Germany) Jurgen Reinholz. The meeting was conducted within Intersectoral cooperative exchange of business contacts event. The event aimed at development of cooperation between N.Novgorod and Thuringen entrepreneurs was held on 27-28 May 2008 on N.Novgorod fair.
Mutual interest to such negotiations was born by active work of Complex-oil in Germany. In 2006 the company entered German fuel market by purchasing a large network of oil storage facilities TABEG, which are situated among other in Thuringia. Aside from negotiations with J.Reinholz about the perspectives of further cooperation, representatives of Complex-oil conducted a series of meetings with German companies.
«The results of communications showed that our company is well known in Germany. Development of work in Germany is one of our priority works for the moment. Working in Germany we understood that Russian-German energy private partnerships have good perspectives. The event was interesting for us from the point of view of searching new business contacts and opportunities to present our company. It is especially valuable to communicate with our potential partners in N.Novgorod”, - noted Dmitry Parfenov.
The event was organized by Ministry for economy, technology and trade of Thuringia region (Germany), namely Jurgen Reinholz with the support of Thuringia economy development community, N.Novgorod region government and “Volga Consult” Ltd.
23.05.08
Complex-oil Group participates at the meeting of the Expert Council on oil product market at Saint-Petersburg exchange On 21 May 2008 business director of Complex-oil Group Bakhtiar A. Mineev will participate in a regular meeting of the Council. He was invited by the head of the Expert Council on oil products market Oleg B. Ashikhmin.
The Expert Council was organized as a consultative body on development of oil products trades. The agenda of the coming meeting includes approval of rules of oil products trading at the exchange, as well as of traders’ accreditation rules.
Complex-oil group has very stable positions on energy market and is one of the leading oil products traders in the country. “Being a company that is actively involved into oil products trading on exchanges we are very interested in the development of this sector on Saint-Petersburg exchange. We also hope that our participation in the Expert Council meeting will be effective and beneficial for all participants of Russian oil products market” – noted Bakhtiar A. Mineev.
02.05.08
Complex-oil Group to Soviet War Memorial in Berlin In advance of WWII Victory Day Soviet War Memorial was opened in Berlin. Memorial in Tiergarten is again open to visitors after repair and maintenance works initiated by President of Nizhny Novrogod region Company “Complex-oil” – Dmitry Parfenov. The works were supported and conducted by Berlin Senate and financed both from Complex-oil funds and private funds of Dmitry Parfenov. Due to a new light system the Memorial now could be seen both during day and night time.
The Memorial is a tomb for 2500 Soviet soldiers and officers who were killed in action in Berlin's assault. The participants of the festive ceremony were Russian Ambassador in Germany Vladimir Kotenev, state secretary of the Senate’s department on Berlin’s development Hella Dunger-Loeper, President of Complex-oil Group Dmitry Parfenov, Ambassadors and military attaches of CIS countries as well as of countries that participated in anti-Hitler coalition, community representatives. In commemoration of the killed warriors wreaths were laid.
According to Russian Ambassador V.Kotenev 63 years after WWII it is still impossible to forget terrible events of that period and sufferings of millions. "We must remember those tragic events and victims of the events. We do not have an ethic right to forget” – noted the Ambassador in his festive speech.
«Together with the well-known Soviet War memorials in Treptower Park and Schonholzer Heide Tiergarten Memorial is a vivid example of Russian victory over fascism. This is the first memorial to soviet warriors killed in Berlin opened in German capital city in 1945” – emphasized the uniqueness of the Memorial state secretary of the Senate’s department on Berlin’s development Hella Dunger-Loeper.
Russia and Germany have much in common. According to V.Kotenev since the end of war relations between two countries have gone from hatred, hostility and mutual denial to increasing trust and strategic partnership which is developing between our countries. Situation with Soviet memorials in Germany and Tiergarten memorial in particular is a proof to that.
The place of the Memorial is also symbolic. Strasse des 17 Juni (June 17th Street) (former Sharlottenburger Chaussee) according to the idea of Hitler’s personal architect Albert Speer was to become a part of the Ost-West-Achse (East-West Axis) in the World’s capital of Fuhrer whereas partially built Victory boulevard – North-South.
The memorial was erected due to the decision of the Military Council of the First Belarusian front in commemoration of soviet soldiers and officers killed during WWII. The Memorial was designed by sculptors Lev Kerbel and Vladimir Tsigal together with architect Nikolay Sergievsky. It was built by German engineers and workers. It is noteworthy that the Memorial was built from stonework taken from the destroyed Reich Chancellery – the fascist ruins gave birth to the Memorial symbolizing life and freedom.
Till withdrawal of soviet troops from Germany there were honor guards at the Memorial. Today Germany is responsible for maintaining soviet war memorials. Since 1990 thank to Berlin’s Senate the Memorial was regularly repaired.
In 2007 as well as 63 years ago works on Memorial were conducted together by Russia and Germany. New light system set up started in autumn 2007 under the initiative of Berlin’s Senate with financial support of Russian company “Complex-oil” which entered German market in 2006.
Complex-oil Group president Dmitry Parfenov thanked German government for preserving and caring about soviet war memorials and noted that it was a great honor for him to have his contribution in commemoration of compatriots who gave their lives for peaceful future. “In our country there are practically no families that stayed untouched by WWII. These events are not just history for all of us – these are deep private emotions of those who cried over the dead and celebrated victory. Today the only way we can express our gratitude and respect to those who protected peace in the world is to remember them. Thus we must care about war memorials”, - noted Dmitry Parfenov. “The unlighted Memorial during the night time in the middle of shining Berlin made you feel that somebody wanted to forget history. Now this place is one of the brightest places of Berlin both during the day and at night. And people respect soviet warriors”, - commented his involvement Dmitry Parfenov. Secretary of state of Berlin department for development Hella Dunger-Loeper emphasized that Tiergarten memorial is “an important part of German capital”, and due to support of the Russian company “one can save memory about freedom from fascism and the dead”.
The main idea of festive speeches was in the positive attitude to common humanitarian values expressed in joint preservation of historical places. Development of successful cooperation and mutual support not only in economic and political issues but also in keeping historical heritage is an additional sign of strengthening relations between Russia and Germany.
In the nightfall representatives of 2 countries (Hella Dunger-Loeper, Vladimir Kotenev and Dmitry Parfenov) pressed the symbolic button to put on the lights. 8-meter high statue of Soviet Soldier was highlighted against Reichstag and Hauptbahnhof close to Brandenburg gate reminding about liberating warriors.
06.02.2008
Presentation of new joint analytic project of “Complex-oil” Group of companies and international information agency «Bloomberg» On 6 February 2008 a presentation of a new joint analytic project of “Complex-oil” Group of companies and international information agency «Bloomberg» will take place.
Project objective: to provide relevant analytic information on Russian oil products market.
New informational and analytic capacities of the project will not only give information about changes on Russian oil products market but also let use this information in order to carry out bargains, including those on stock.
Participants of the presentation will be representatives of leading companies – oil traders, banks and investment companies.
13.12.2007
Participation of “Complex-oil” Group in “Russian Bond Congress – 2007” “Russian Bond Congress – 2007” took place on 6 - 7 December 2007 in Saint-Petersburg. The conference dealt with development perspectives and problems, acute market situation and investment ideas, international borrowings, Russian legislation and other relevant to Russian bond market issues.
Top managers and leading specialists of “Complex-oil” Group participated in the Congress because the Group is actively developing public borrowing perspective.
Russian Bond Congress was conducted for the 5th time. According to the Congress’ organizer - Cbonds CEO S.Lyalin, who was supported by the majority of experts – this Congress was the first “crisis” one – it was conducted in the situation of a certain market crisis and development decrease. Despite that number of participants increased – Russian Bond Congress was visited by over 700 participants. Participants represented companies and organizations of practically all spheres of financial and administrative activities in Russia and foreign countries. During plenary sessions, round tables and seminars participants learned practical experience of both investors and issuers of bonds and other securities.
This event has a major importance for Russian bond market. During the discussions participants learned important relevant information on issuing and placement of securities, on tendencies and innovations, as well as on attraction of financial resources on bond market.
27.11.2007
“Complex-oil” Group inclusion into MICEX quotation list On 2 November 2007 MICEX management made a decision on inclusion of “Complex Finance” (company of “Complex-oil” group) interest inconvertible bonds of 01 series into the list of securities that can be traded on MICEX.
Introduction of bonds into MICEX quotation list is a sign of their reliability and attractiveness for investors, business transparency and significant assets and capitalization level.
12.11.2007
Results of “Complex-oil” Group participation in the 4th Federal Investment Forum The 4th Federal Investment Forum took place on 30 - 31 October 2007 in Moscow in Radisson SAS Slavyanskaya hotel. Forum was the place to finalize 2007 results, discuss development problems at investment, financial and commodity markets, and discover ways to use financial instruments for organizations’ development.
”Complex-oil” Group was the primary sponsor of the event. Dmitry V.Parfenov, President of “Complex-oil” Group made a presentation on a plenary session “DEVELOPMENT STRATEDY OF RUSSIAN FINANCIAL MARKET: COMPETITIVENESS, NEW INSTRUMENTS, REGULATION SYSTEM, ISSUERS’ ACTIVITIES, PLANS FOR 2008”on the topic «Russia 2008: merging of commodity and financial markets?».
In his presentation Dmitry V. Parfenov informed about new opportunities which are opening due to the increase of accessibility of transactions on commodity markets and implementation of such transactions according to a similar to securities trading instrument:
- «Investors get a new investment instrument which is not related to other markets – to financial and securities markets. Commodity markets will receive a new influx of investment resources for their faster development».
One of the most important aspects of the presentation related to organization of stock exchange center in Russia:
- «When Russia will become a place to form prices for extracted here resources and produced here goods, when transactions will be held in RUR – only then we will see reasons for tax base enlargement, income increase and GDP growth».
Andrey A.Kuznetsov, head of structured products department of “Complex-oil” group, made a presentation on “Structured products as new opportunities for Russian markets”. The presentation was of a great interest for participants of the conference because “Complex-oil” group is one of the first Russian companies that offer its clients chances to allocate spare financial resources in specially developed financial products. Andrey A.Kuznetsov mentioned difficulties with introducing these products to the market:
- «One should mention a relatively difficult character of such an instrument which influences its development within Russia. The instrument despite its flexibility and advantages is still not clear to investors and financial consultants. Structured products are actively discussed from 2003-2004 but up to the present there are only few of them on the market».
New possibilities for Russian markets became an important part of the presentation:
- «Structured products based on commodities at the moment give investors opportunities which they lack due to the unfavorable situation on Russian and global equity markets. The advantages of structured products are the following: high potential profitability, investor protection mechanisms, they could be used with certain groups of products».
Andrey A. Kuznetsov took an active part in “ORGANIZED COMMODITY MARKET” round table where he made a presentation on “Perspectives of organized commodity markets in Russia – from the point of view of an oil trading company”.
Leonard I. Gaponenko, head of investment department of “Complex-oil” Group, participated in «MIDCAP IDIAS - 2008» conference with a presentation on “Strategy selection for MIDCAP company”. He described methods of the Group which are used to evaluate perspectives of project investment attractiveness and “Complex-oil” development perspectives.
Participants of the Forum were representatives of federal and regional governmental structures, market regulators, heads and specialists of companies active on the market, investment banks, insurance companies and National Pension Fund. In total over 500 people visited the Forum
09.08.2007
“Complex-oil” Group is a “Reliable partner of Russian Chamber of Commerce and Industry” ”Complex-oil” Group was introduced into the list of Reliable partners of Russian Chamber of Commerce and Industry.
This list contains companies that make business according to Russian legislation, are on the market over 3 years and ready to provide open information about their financial and entrepreneurial activities.
The certificate proves that financial and economic characteristics of the Group are the proof of its business reliability not only in Russia but also abroad.
The certificate was signed by Head of Russian Chamber of Commerce and Industry E.M. Primakov.
29.06.2007
“Complex-oil” Group: results of participation in 11th International Economic Forum in Saint-Petersburg 11th International Economic Forum (conducted on 8-11 June at LenExpo in Saint-Petersburg) became an unprecedented event in global political and economic life. Complex-oil not only participated in the Forum but became a sponsor of this extremely important event.
Unique high level of 11th International Economic Forum is in the fact that it became a place for informal meeting of CIS countries heads, for the first time during the last few years managed to gather in full.
President Vladimir Putin took an active part in official events of the Forum. On the first, “Russian”, day he awarded Global Energy prizes, met representatives of major international companies, visited presentation of “Sochi-2014” project. On the second, “International”, day he made a presentation on a plenary session devoted to the topic “Competitive Eurasia – space for trust”.
According to “Complex-oil” President the peculiarity of the Forum was in its atmosphere which was dialog-friendly, gave opportunities for informal communication with leaders of global economy and politics.
Russian economic development and its integration into global economy were discussed on round tables and plenary sessions by top governmental officials, presidents of European and CIS countries, major businessmen and top-managers:
• G.Gref, Minister for economic development and trade of Russian Federal Government,
• S.Ivanov, First Deputy Prime Minister of Russian Federal Government,
• D.Medvedev, First Deputy Prime Minister of Russian Federal Government,
• A.Kudrin, Minister for finance of Russian Federal Government,
• V.Khristenko, Minister for industry and energy of Russian Federal Government,
• James Wolfensohn, former Chairman of the World Bank Group, Chairman of Citigroup International Advisory Board,
• N.Nazarbaev, President of Kazakhstan republic ,
• J. Stoltenberg, Norwegian Prime Minister,
• G. Schroeder, former German chancellor, head of a Nord Stream AG shareholders committee,
• S. Carson, President and Chief Executive Officer of Boeing Commercial Airplanes,
• A.Chubays, Chairman of Board of Directors RAO UES of Russia ,
• S. Vaynshtock, President of “Transneft”,
• Ò. Hayward, BP Group Chief Executive,
• K. Schwab, Founder and Executive Chairman of the World Economic Forum, etc.
Presentation stand of “Complex-oil” Group worked at round tables and plenary sessions.
The following exhibitions were opened at the first day of the Forum: “Exhibition of innovative achievements”, “Exhibition of industrial design”, “Exhibition of regional investment projects”, “Exhibition of Russian Investment Fund and Special Economic zones projects”.
Forum provided a unique and extraordinary culture program for its participants:
- Concert of «Scorpions» rock band together with symphony orchestra of Mariinsky theater under the leadership of Valery Gergiev took place on Dvortsovaya square,
- Fantastic ice show presenting Sochi Olympic games with starring guest – E.Plushenko,
- Ballet show “Swan lake” with U.Lopatkina as soloist in Mariinsky theater,
- V.Polunin’s «Snow Show» on the beach near Petropavlovskaya fortress
Forum finalized with an official reception of Saint-Petersburg governor Valentina Matvienko where participants of the event including representatives of “Complex-oil” group managed to discuss the results of the Forum.
The Forum was extraordinary according to both – amount and level of participant and economic effect (participants of the Forum signed 3 times more investment projects then it was expected). Dmitry V. Pafenov mentioned that the event provided new business contacts, unique opportunity for communication as well as experience of company’s presentation on international level.
25.06.2007
“Complex-oil” Group on “Russian National Olympus” ”Complex-oil” group was awarded Major Russian Social award “Russian National Olympus” within 11th International Economic Forum in Saint-Petersburg. This award shows not only highest achievements of Russian society but also contribution into strengthening of the country's economy and national idea.
The award is given on recommendations of Federal government, committees and commissions of Council of the federation and state Duma. Founders of the award are Foundation for social development “Third Millennium”, Russian Academy of Science, Russian Federal Government, Chamber of Commerce and Industry etc.
On a festive ceremony “Complex-oil” Group was awarded the main award – “Golden Olympus” and Golden Honorable diploma. “Complex-oil” also became an awardee in nomination “Golden Prometheus” for professional achievements of fuel and energy companies. Honorable diploma and “Golden Prometheus” statuette were awarded to “Complex-oil” for “Significant contribution to development of fuel and energy sector and Russian economy”. “Complex-oil” President Dmitry V. Parfenov was awarded an honorable order “For Honor and Virtue” for serving Russian people’s interests.
Previously this award was given to His Holiness the Patriarch of Moscow and all Russia Alexiy II, Alexey Leonov, Boris Yeltsin, Michail Gorbachev, Vladislav Tretyak, Maya Plisetskaya, Alexey Maresiev, Lyudmila Zykina.
This year together with “Complex-oil” “Russian National Olympus” awards were given to: CEO “Surgutneftegaz” V.Bogdanov, metropolitan of Saint-Petersburg and Ladoga Vladimir, acknowledged traveler F.Konyukhov, well-known figure-skating coach T.Tarasova, figure-skater E.Plushenko, cardiologist E.Chazov and other acknowledged Russians.
Dmitry V.Parfenov commented the receipt of the award: «Importance of this award to “Complex-oil” is related not only to professional achievements of the company, but also to its contribution to development of the country and society. This could only be reached jointly on the basis of common understanding of national values and idea».
07.05.2007
Complex-oil Group Becomes International Quality Award Laureate Complex-oil Group of Companies was presented with the international award “European Standard” at the ceremony of quality awards presentation held in the Parliament of Berlin, Germany at the end of April.
The organizers of the event were the European Integration Institute and the European Managers Club under the auspices of the Parliament of Berlin, the Federal Agency for International Investments of the German Government, the Eastern Committee of the German economy, Berlin Expert Institute and the Russian Embassy in the Federal Republic of Germany. The award of the European Community is given by a resolution of the Commission comprised of German, French, Russian and Swiss experts.
The aim of the program “European Standard” is to support companies which efficiently implement international norms of economic and social activities at the national level. Complex-oil Group was presented with a prestigious award “For effective activities at the European market of hydrocarbons and a noticeable contribution into forming of the national oil products supply network”.
The business visit program included events at the Eastern Committee of the German economy, a reception on behalf of the parliamentary group of the leading party CDU, a reception at the Embassy of the Russian Federation, as well as a ceremony at the Parliament building of Land Berlin chaired by Walter Schwimmer. It was Mr. W. Schwimmer, the 2000-2004 Secretary General of the Council of Europe, heading the international jury of the program (the European Public Commission) who presented Complex-oil Group with the international quality award.
Among the holders of the award “European Standard” there are such companies as Ruhrgas AG, Germany, Siemens AG, Germany, the Renault Group, France, Magnitogorsk Iron & Steel Works, Russia, OJSC Surgutneftegas, Russia and others. According to international experts, the award a laureate of which Complex-oil Group has become means the same as a certificate of conformity of an enterprise, its brand and corporate management with the high European standards*.
* Prepared with data provided by the European Integration Institute.
10.04.2007
Complex-Oil Group’s profile appears in Securities Market magazine “Oil Products Trader in the Capital Market” – this article appeared in Securities Market industrial magazine (#5 (332), 2007). In the Issuer’s Profile section, the Group’s executives shared their views of the company’s current situation and its’ prospects.
In his interview, Dmitry Parfenov, President, commented on the objectives of the Group investment strategy, its’ sources of funding, and its’ acquisitions and development agenda.
Yuriy Starikov, Financial Director, discussed a number of issues concerning the company’s financial standing and the results of the primary corporate bond offering. Particular attention was paid to the development of oil industry asset management, the Group’s new line of business.
06.04.2007 Complex-Oil Group President takes part in “Russian Coroprate Investments in the European Union” Conference
The conference, run by Beiten Burkhardt, a German law firm, and KMPG, one of the worlds’ leaders in audit and consulting services, took place in Moscow (Marriott Aurora Hotel) in late March, 2007.
A number of issues, such as the main trends of Russian corporate investments in the EU countries, legal aspects of cooperation, and reputation as a condition successful deal closure, were discussed at the conference.
The event was attended by representatives of KPMG, Beiten Burkhardt, International Moscow Bank, CNC - Communications & Network Consulting. The conference was moderated by Georgiy Petrov, Vice-President of the Russian Chamber of Commerce and Industry; the opening address was given by Mark Franco, head of the Delegation of the European Commission to Russia.
Complex-Oil’s interest to this event is a consequential result of the Group’s widening geographical presence and its’ entry into the European market. In March 2006, the Group acquired TABEG GmbH, a German tank farm network, and thus became the first Russian oil products trader owning a foreign company. In a presentation titled ‘A Case Study of Acquisition of a European Company by a Russian Company’, Dmitriy Parfenov, the President, shared his experience of international economic cooperation. In his speech, Dmitriy discussed the specifics of the approach to a deal with German counterparts, as well as the cross-cultural differences and stereotypes that need to be considered to ensure successful negotiation.
08.02.2007
On February 08, 2007 placement of Complex Finance Ltd domestic bonds was carried out at Moscow Interbank Currency Exchange. Complex Finance Ltd is the branch of Complex Oil Group set up to raise financing for investment projects of the Group
Structure of bond issue:
Issuer: Complex Finance Ltd.
Guarantors:
C.J.S.C. Complex-Oil
C.J.S.C. Complex-Oil M
Complex-Oil Ltd.
Complex Energy Ltd.
Amount: 1 billion rubles / EUR 29,500,000
Maturity: 1 092 days
Maturity date: Feb 04 2010
Coupon period 182 days
Coupon value determination:
1st – 12.5%,
2nd and 3rd - equal 1st,
4th through 6th are determined by the issuer
Buy-back Offer 1.5 year
Registration date: May 04 2006
State registration number: 4-01-36144-R
On 10 July 2008 a launching press-conference was conducted on the territory of Nizhny Novgorod fair. The press-conference was dedicated to beginning of work of summer training school for young Nizhny Novgorod hockey players.
