Irkutsk Oil Company INC

Irkutsk Oil Company (INC) includes a group of enterprises engaged in geological study, exploration and production of hydrocarbons at fields and licensed areas in Eastern Siberia.

The company unites about 10 companies engaged in oil production in the Irkutsk region. The holding includes companies engaged in geological study and production of hydrocarbons, drilling and workover operations.

History

2023: Helium Plant Launch

The Irkutsk Oil Company (INC) has launched the largest helium plant in Russia at the Yaraktinsky oil and gas condensate field in the Irkutsk Region. CEO Yakov Ginzburg announced this on June 13, 2023.

According to him, the new enterprise is operating in the experimental mode, gradually being brought to the technological mode with a capacity of 10 million liters per year. The technology is unique and has no analogues in the world, Ginzburg said, adding that the new INC plant has become the second and largest in Russia. In total, there are one and a half dozen such enterprises in the world. Earlier, the regional government reported that investments in the INC helium plant would amount to 160 billion rubles, and it was planned to launch it at the end of 2021.

Irkutsk Oil Company (INC) launches Russia's largest helium plant

Helium is widely used in various industries: nuclear power, metallurgy, food industry and medicine. The helium plant was launched as part of the second stage of the gas project to create a gas chemical cluster. He closed the entire technological chain of processing natural and associated gas with the deep extraction of valuable components from them.

Earlier, INC launched five production facilities of the second stage of the gas project: two plants for the preparation and processing of natural and associated gases, two gas fractionation lines of the Ust-Kut Gas Processing Plant (phase I), and also expanded the complex for the reception, storage and shipment of liquefied hydrocarbon gases.

By June 2023, INC is one of the largest independent producers of hydrocarbons in the Russian Federation. The company will introduce geological exploration, exploration and development of 53 subsoil plots in the Irkutsk region, Krasnoyarsk Territory and the Republic of Sakha (Yakutia).^[1]

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