The Congress, organized jointly by the Russian Union of Industrialists and Entrepreneurs (Employers) and the Russian Academy of Sciences has been held annually since 1999. The subject-matter of the Congress includes oil and gas industry development issues, present state of the mineral resources reserves, aspects of hydrocarbon stocks processing, investments attraction, development and perfection of the legal and governmental regulation of the sphere, efficiency of the mineral recourses usage in various industrial areas, business-processes optimization, international cooperation in the energy sector, as well as ecological issues. Within the framework of the Congresses the leading scientists of Russia, foreign energy specialists, heads of the major oil and gas companies and representatives of international organizations, governmental structures and regional administrations share their opinions and views on the foregoing topics.

The Russian Union of Industrialists and Entrepreneurs (Employers) is the largest association of businessmen in Russia. 5000 collective members of the Union produce 80 % of industrial output in Russia. The Union is represented in all 89 regions of the country.
The Russian Academy of Sciences (RAS) was founded in 1724 by Russian Tsar Petr the First. Since then it has been a stronghold of basic science in Russia. Nowadays the Academy submits to the President and Government of Russia annual reports of the scientific research made and proposals of the priority scientific development directions.
The International Energy Agency (IEA) is an independent noncommercial organization aimed at prevention of the fuel crises in different world regions and the coordination of the states' power and energy policy. The Agency unites 26 countries.

GAZPROM is the largest producer and exporter of natural gas in Russia. The company exists since 1992. Its share in the world explored gas reserves amounts about 20%, and 60% in the Russian ones. GAZPROM produces 90 % of gas in Russia.
LUKOIL is one of the world's largest private oil company. Its share on the Russian oil market comes to 20 % of all-Russian oil extraction and 18 % of all-Russian oil refining.
TRANSNEFT-Russian open joint stock oil transportation company, dealing with oil piping, coordination and management of oil transportation through long-distance oil pipelines to refineries in Russia and abroad.
GAZ DE FRANCE -France's leading natural gas supplier
SAP - Market and technology leader in client/server enterprise application software, providing comprehensive solutions for companies of all sizes and all industry.

SUBSCRIBE.RU
FINMARKET

- World oil and gas complex: trends and prospects of development, problems of the European energy balance;
- World oil and gas complex and Energy Strategy of Russia: government policy, practice and prospects of implementation;
- Oil and gas production and prospecting in Russia: present state, outlooks, governmental support, control and regulation
- Oil and gas transportation systems: Russian and European roots;
- Energy companies development trends: management, new strategies, technologies and equipment.
- And many other

Participants of the Congresses are represented by members of the Russian governmental structures, Russian Parliament (State Duma and Council of Federation), heads of regional administrations, representatives of Russian, European and international energy organizations, as well as representatives of business, scientific and public circles. European co-organizers traditionally invite members of the European Commission and European Parliament. The participants of the Congresses have so far introduced over hundred presentations, which constituted a golden fund of strategic and prospective ideas for domestic and foreign oil and gas complex development. Foreign participants of the Congress, "ABB", "FLUOR DANIEL", "HONEYWELL", representatives of the EUROPEAN COMMISSION, FRENCH INSTITUTE OF OIL, OPEC, ENERGY CHARTER SECRETARIAT and INTERNATIONAL ENERGY AGENCY appear with their independent forecasts of the Russian and world energy complex development, express their views and enter the discussions, which forms a perfect space for the effective Russian-European energy dialogue.

The Congress has been created to combine efforts of business and science in resolving state of the art problems of the world energy complex:
- to develop international energy collaboration
- to improve international structure of energy resources demand
- to coordinate energy policy of various countries
- to elaborate efficient energy usage programs
- to extend energy transportation infrastructure
- to exchange opinion and experience between oil and gas producers, suppliers and recipients, between scientists and entrepreneurs, government and business
- to build a perfect platform for the Russian and foreign energy specialists to create an effective strategy of further Russian-European energy interaction

Russia is a major player on the hydrocarbon scene with the world's largest natural gas reserves (32% of the total) and 5 % of the world oil reserves. Because of its geographical position, between Europe and Asia, Russia has a strategic position for oil exports. Understanding of the increasing importance of Russia as oil exporter is a prime consideration for the political, scientific and business circles. The Russian energy sector now needs reasonable reformation in order to increase its efficiency, transparency and investment attractiveness. Taking into account that European countries have for a long time been consumers of the Russian energy resources, the expansion and consolidation of Russian-European energy relations takes on special significance.

We invite everyone to join 7th International Congress "Oil and gas Complex: Strategies of Development: Investments and Innovations" on June 29 - July 1, 2005, in "Concorde Saint-Lazare" Hotel, Paris, France