Last year proved harsh for the sector: a sharp decline in oil prices, limited access to funding, the suspension and freezing of significant and promising projects, a refocusing on internal efficiency – all these factors significantly changed the energy sector paradigm. The Oil & Gas sector has traditionally played a major role in the economies of Russia, Kazakhstan, and Azerbaijan, and Oil & Gas companies have been the drivers of these countries' economic development and growth.

We at KPMG have been working closely with the most prominent Oil &
Gas companies in Russia and the CIS for more than 25 years, helping
them work efficiently, smoothly negotiate complex development
stages, and succeed despite the challenges that they face. Our principal
objectives have always been and always will be to provide leading
professional services and to share our extensive knowledge, capabilities,
and experience.

We are proud of our ongoing contribution to establishing and
developing the Russian and CIS Oil & Gas sector. Our Oil & Gas Practice
professionals offer a suite of services related to many aspects of the
activities that you are engaged in. We believe in the values that you
believe in, and we deeply care about the success of the Oil & Gas sector.