Rosgeologia signs cooperation agreement with VTB, Rosatom, Murmansk region government, and other partners

JSC Rosgeologia and JSC VTB Bank signed a cooperation agreement at the St. Petersburg international economic forum. For the holding company the document was signed by CEO Roman Panov, for the bank - by Chairman of the Management Board Andrei Kostin.

The agreement sets out the principles of cooperation between the sides in the field of bank services to the company and also implementation of its investment programmes and individual projects. Signing the agreement, Panov noted the importance of reliable and mutually advantageous cooperation with major Russian banks for Rosgeologia, primarily in regard of long-term projects and import substitution sectors in need of investment support.

Roman Panov signed an agreement with Rosatom CEO Sergei Kiriyenko at the forum today. The signing ceremony was attended by Sergei Donskoy, Russia’s Minister of Natural Resources and Environment. The document sets out key cooperation principles which the state-owned corporation and the holding company intend to foster in the field of subsoil geological studies and replacement of reserves of uranium, rare and trace elements, import substitution of geology-prospecting equipment and software. The sides’ cooperation will cover the development and improvement of the technologies of development of new types of uranium deposits, environmental and industrial safety.

In the presence of the natural resources minister Rosgeologia also signed an agreement with Damco Energy S.A. (Greece). The holding company will cooperate with the company in the field of integrated geological study of Greek territory and replacement of the resources of solid minerals and hydrocarbons. In addition, the sides will develop exclusive cooperation in the field of popularisation of geothermal energy sources.

Roman Panov signed one more agreement with the governor of Murmansk region, Marina Kovtun. Under the document, the government and the holding company intend to enhance cooperation in the field of integrated geological studies and development of subsoil, replacement of the region’s mineral-raw materials base, and to join efforts in soliciting relevant investment.

A tripartite letter of intent to create a core department of the “Economics of the Mineral and Raw Materials Complex” was also signed today at the forum. The signing ceremony was attended by Russia’s Minister of Natural Resources and Environment Sergey Donskoy. Project partners are JSC Rosgeologia, MGRI-RGGRU, the Russian Academy of Sciences’ Institute of the Problems of Integrated Development of Subsoil (IPKON RAN). The department is designed to provide a focus for geological science, study programmes and modern business practices. It will offer Master’s in Economics courses. The study programme will be formed at the interface of economic and geological disciplines. Master’s Degree students will undergo research, administrative and managerial on-the-job training at the production and research units of Rosgeologia and IPKON RAN.

“We are happy to acquire so many partners today and also to map out new cooperation vectors with those, with whom we have worked for a long time,” said Panov. “We are quite happy with the first day of the forum. Developing geological-related education is a challenge facing Rosgeologia. We are dealing with it on a regular basis, the creation of the core department marks an important step in that direction”.


Rosgeologia is a Russian multi-industry geological holding which offers a full range of geological exploration services - from regional surveys to parametric drilling and subsoil monitoring. The holding boasts unique expertise, particularly in marine geology and shelf operations.
Rosgeologia was established by Decree No. 957 of the President of the Russian Federation dated 15 July 2011 on the basis of Tsentrgeologia, one of the oldest exploration companies in Russia. Rosgeologia is a fully state-owned company. The enterprises within the holding company operate in all eight federal districts of Russia. Rosgeologia is made up of 38 enterprises located in 30 regions across the country. A total of more than 1,000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields such as the Astrakhan field (2.5 trillion cubic meters of natural gas), the Tengiz field (3.1 billion tonnes of oil), the Kovykta field (1.9 trillion cubic meters of natural gas), the Sukhoi Log deposit (about 2 thousand tonnes of gold), the Kursk Magnetic Anomaly, and many others.
Rosgeologia’s subsidiaries have rich experience in implementing projects abroad: dozens of new fields and deposits have been discovered in Asia, Europe, Africa, and Latin America.
Rosgeologia clients include such companies as Gazprom, Rosneft, Lukoil, Severstal, MMC Norilsk Nickel, Itera, NLMK, Sibuglemet, BP, Chevron, and many others.