ENERGY FOR PEOPLE - JSC Gazprom Neft

JSC GAZPROM NEFTANNUAL REPORT2009assess the presence of hydrocarbonsbut also provide estimates as tothe economic practicability of theirextraction and the justification of theirpresence as well as take into accountthe economic life of a field (term of thelicenses for its develop¬ment).MICEXMoscow Interbank Currency ExchangeOGCFOil and gas condensate fieldMETMineral extraction taxVATValue-added taxR&DResearch and developmentNPZRefineryNetbackSelling price excluding transportationexpensesAGAssociated gasUGSUnderground Gas StorageRTSRussian Trading System StockExchangeCISCommonwealth of Independent States– former republics of the USSR, otherthan Latvia, Lithuania and EstoniaJVJoint VentureLNGLiquefied natural gasISO 14001 StandardInternational environmental standard.It identifies the requirements for theenvironmental quality managementsystem, is used to developenvironmental policies subject tolegislative requirements. It appliesto the environmental aspects of anorganization’s activities which can becontrolled and should be influenced.The standard is voluntary and does notreplace legislative requirements.Baltic StatesLatvia, Lithuania and EstoniaTOETon of oil equivalent (coal equivalent).Equal to 877 m3 of natural gas.FERFuel and energy resourcesFCFueling ComplexFTS of RussiaFederal Tariff Service of RussiaFFMS of RussiaFederal Financial Markets ServiceKhMADKhanty-Mansi Autonomous DistrictCentral AsiaKazakhstan, Kyrgyzstan, Tajikistan,Turkmenistan, UzbekistanBFLHBroad fraction of light hydrocarbonsETFElectronic trading floorYNADYamal-Nenets Autonomous District2D, 3DSeismic surveySILCO (Siberian Light)Siberian light crude oil155