Gulf Oil and Gas accountACCOUNT

Best Domestic & International Practices Taken into Account in Gazpromís Strategic Planning System

Source: www.gulfoilandgas.com 10/2/2018, Location: Asia

The Gazprom Board of Directors took note of the information about the Gazprom Groupís strategic planning system. It was emphasized that Gazprom applied a three-level system of planning: short-term (for 1 year), medium-term (for 1Ė3 years) and strategic (long-term, for 10 years or more) planning.

This system takes into account the best modern Russian and international practices and methodologies developed by the gas industryís leading organizations and experts. The underlying principles of the system are a comprehensive approach, well-balanced performance indicators, scientific validity, efficiency and continuity of managerial decisions.

Long-term planning, which involves integrated planning of investment, financial and operating activities, is aimed at achieving Gazpromís strategic goal to be a leader among global energy companies by diversifying the sales markets, ensuring the reliability of supplies, enhancing the operating efficiency and utilizing the scientific and technological potential. A number of strategic targets of the first and second levels are used in order to quantify this goal.

The first-level strategic targets constitute a list and target values of Gazpromís key performance indicators. The target values are set by the Board of Directors for the end of a decade and serve as benchmarks for devising Gazpromís Long-Term Development Program. The second-level strategic targets break down the first-level ones by areas and types of activities, describing more in detail production, economic, staffing and other objectives. The second-level strategic targets are also included in the Long-Term Development Program.

The Long-Term Development Program is annually updated and approved by the Board of Directors in order to ensure the optimal development of Gazprom with due account for the changing external and internal environment.

The Management Committee was tasked to continue improving the Gazprom Groupís strategic planning system, taking into account the best international practices.

The Board of Directors also approved the updated Long-Term Development Program of Gazprom.

Oil & Gas Companies News in Russia >>

Azerbaijan >>  12/6/2018 - Petrofacís Engineering & Production Services (EPS) East division has secured an operations and maintenance support services contract with Trans Adriat...
Azerbaijan >>  12/6/2018 - Honeywell announced today that the State Oil Company of Azerbaijan Republic (SOCAR) will use Honeywell UOPís Pressure Swing Adsorption (PSA) technolog...

India >>  11/30/2018 - Great Eastern Energy Corp (GEECL) will invest up to USD 2 billion over the next 10 years in its Raniganj (south) block in West Bengal to exploit shale...
Indonesia >>  11/26/2018 - Japan Drilling Co., Ltd. (JDC) is pleased to announce that its subsidiary company "P.T. Japan Drilling Indonesia" together with a shipping company in ...

Azerbaijan >>  11/18/2018 - Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.