Mobirise Website Builder

Coporate Governance

One of strategic trends of  "LLC Avangard Oil" activity (further – company) is the improvement of corporate
governance efficiency. "LLC Avangard Oil" assumes corporate governance as a means of efficiency improvement of the company activity, strengthening of its image and costs reduction for capital attraction.

The main target of corporate governance development in the company is the provision of sustainable growth of the company capitalization and realization of one shareholder interests. "LLC Avangard Oil" , understanding the importance of corporate governance, pays great attention to the introduction of corporate governance principles. In 2018, a corporate governance code was approved. The corporate governance code of the company was worked out in accordance with the corporate governance code of one shareholder "LLC Avangard Oil" .

Since the moment of approval, the diagnostics of "LLC Avangard Oil" corporate governance for compliance with the level of best practice corporate governance is annually done. According to the results of diagnostics, the drawbacks in governance system are revealed and the steps for governance quality improvement in the are determined. Also, on the basis of diagnostics results, the measures on corporate governanc improvement are hold for its compliance with the world best practice. Diagnostics results demonstrate positive tendency of corporate governance development in the company. High level of impacts not only economic indicators of the company activity, transparency improvement, full-value of decision making but, also, produces positive effect on investors’ perception of the company.

The compliance of level with the requirements of best available practice in accordance with international standards in 2018 amounted to 60,8% compared to 60,9% in 2019. One shareholder has selected a model, including participants shareholder, board of directors, the board and centralized internal audit service. Efficient corporate governance is one of the crucial drivers for improvement of the company competitiveness.

Development of the company is impossible without an efficient structure in place that regulates the relations between the board of directors, the executive board and the shareholders, without investors being sure that the company’s management spends their funds in a reasonable manner to achieve capitalization growth. 

Our Business Services

Mobirise Website Builder
Exploration Activity

We ​ensures the efficiency of geological exploration work by deploying state-of-the-art technologies and relying on the experience and expertise of the specialists in its geology department.

Read more

Mobirise Website Builder
Gas Production

​We ensure that our gas processing plants process the associated petroleum gas are produced into liquid hydrocarbons and marketable gas.

Read more

Mobirise Website Builder
Oil Drilling Production

​As a company, we consistently implement a Production modernization program, including reconstruction and modernization of its production unit, which
has improved the quality of products.

Read more

Mobirise Website Builder
Oil Refining

​Our refinery plant produces petroleum products with high-quality performance and environmental characteristics, including motor fuels, aromatics, liquid paraffin, roofing and insulation

Read more

Our Contacts


+375 506 417 731
+375 987 521 032

+7 926 342 6681


Legal Office Address

R17 Al-Farabi Avenue, Bostandyk district, Almaty, Kazakhstan Republic

34-3, pom 8, Nezhiloe pomeshchenie, 
Brestskaya street, Minsk, 220099, Belarus.

Working Hours

Monday - Friday:  9:00am - 19:00pm
Saturdays: 9:00am - 16:00pm

Russia Office:
443095, Samara region, Samara city, Tashkent str., 151, sq. 59
+7 926 342 6681

© Copyright 2024 - 2024 "LLC Avangard Oil" - All Rights Reserved

Made with Mobirise ‌

Web Site Maker