Does Volga Gas intend to keep its operations in the region in the years to come?
Yes: the company bought its first license from LUKOIL in 2006, and acquired three more licenses in the same area, following the strategy of acquiring assets in the region. The area has a well-developed infrastructure, a Gazprom pipeline, and two cities with populations of one million, which have demands for hydrocarbons. It’s also an agricultural area where fuel diesel is needed. Clearly, it’s a nice place to be with oil and gas assets. You’ve mentioned your aspiration to grow the company to 70 million tonnes production, and you’ve also said it’s the aim of every small company to be acquired by a larger company. What is your vision for the future of Volga Gas? Ideally, it is to continue developing organically. We would potentially consider some acquisitions, but we have enough assets to develop right now, so organic growth is primarily the target. At the same time, we are open for any acquisitions, because the company was created for the benefit of the shareholders: the idea is to gene
