ROSGEO enters the Top-10 of the National Procurement Transparency Rating

JSC ROSGEO following the results of 2017 took the 8th place in the State and Corporate Procurement Transparency Rating.

The rating has been formed since 2006 with the support of the Federal Anti-Monopoly Service of Russia, the Ministry of Economic Development of Russia, the Accounts Chamber of the Russian Federation, and the relevant committees of the State Duma of the Russian Federation. This is a comparative analysis of the largest state and corporate structures in order to assess the current level of transparency and efficiency of the procurement systems of the national market participants. In 2017, ROSGEO became the 8th of 70 largest Russian state-owned corporate customers.

“The Holding takes part in the rating for the second time”, Anton Sergeyev, an official representative of JSC ROSGEO, said. “Following the results of the last year, it took the 28th place among the 63 largest companies.”

Improvement of the procurement system is one of the priorities of Holding optimization. In this area, the efficiency analysis is regularly carried out and considerable attention is paid to the issue of transparency of the procedures being conducted. 

RG-Inform, Press Center of ROSGEO JSC

ROSGEO is a Russian multi-industry geological holding company, which offers a full range of geological exploration services from regional surveys to stratigraphic drilling and subsoil monitoring. The holding company boasts unique expertise, particularly in marine geology and shelf operations.

ROSGEO 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. ROSGEO is a fully state-owned company.

The enterprises within the holding company operate in all eight federal districts of Russia. ROSGEO includes 53 enterprises located 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 2,000 tonnes of gold), the Kursk Magnetic Anomaly, and many others.

 ROSGEO’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.

 ROSGEO clients include such companies as Gazprom, Rosneft, Lukoil, Severstal, MMC Norilsk Nickel, Itera, NLMK, Sibuglemet, BP, Chevron, and many others.