The oil company "Oil Resource" (a member of Kirillitsa Group of Companies) has registered a 50 billion ruble exchange-traded bond program on the Moscow Stock Exchange to implement its growth strategy

The 002P series program period is indefinite, the circulation period of individual issues will be up to 10 years. A securities prospectus was registered simultaneously with the program.

The funds raised are planned to be used to finance promising projects within the framework of the approved development strategy, primarily for the implementation of mergers and acquisitions (M&A) transactions and the development of advanced technologies in the field of exploration, production and processing of hydrocarbons.

"The registration of a new large-scale program is an important step in strengthening our financial stability and creating a flexible tool for long-term financing. This allows us to quickly accumulate resources to implement strategic initiatives, primarily in the field of M&A and innovation which ultimately aims to increase value for our investors and strengthen "Oil Resource"'s position in the market,"

Semyon Garagul, Director General of "Kirillitsa" Group of Companies, noted.

"Oil Resource" is a modern high-tech oil company, a member of Kirillitsa Group of Companies. The company specializes in the wholesale supply of oil and petroleum products, and is also developing an oilfield service area for the development of hard-to-recover reserves (HtR reserves). Acts as a reliable partner of the state, introduces innovations for the strategic development of the Russian oil industry.