print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all GAZPROM press releases

GAZPROM

July 30, 2004

Results of Board of Directors’ meetings in absentia

We are hearby informing you of the results of Gazprom’s Board of Directors’ meetings held in absentia on 12, 14 and 19 July 2004.

The Board of Directors resolved to coordinate:

  • Gazprom’s involvement in a tender to acquire a 51% stake of the Romanian gas distribution company Distrigaz Sud SA
  • disposal of a 49.979% stake in Sogaz

The Board of Directors ratified the Provision on preferentially contest-based awards of contracts on supply of goods, completion of works and rendering of services for the Gazprom Group’s needs. The Management Committee recieved instructions to step up measures aimed at the parent company and subsidiaries’ gradual shifting over to said Provision observerance between July 2004 and the end of 2006.

The Board of Directors also addressed other matters, which fall under its authority.

Reference:

The Provision on preferentially contest-based awards of contracts on supply of goods, completion of works and rendering of services for the Gazprom Group’s needs was developed with the view of:

  • enhancing the efficiency of contract awards
  • promoting competition
  • taking an objective and impartial approach to selecting suppliers
  • achieving procurement openness

Under the Provision, tender procedures are organized by Gazprom’s Contest Commission (which arranges for and coordinates contest-based awards of contracts by Gazprom’s administrative units and subsidiaries) and by Gazprom’s Tender Committee or its subsidiaries’ tender committees (executive bodies formed by tenderees).

The tenderee provides the Contest Commission with a request for supplies of goods, completion of works and rendering of services as well as produces terms and conditions of goods supply.

Gazprom’s Contest Commission coordinates activities of tender committees, decides on contest-related documentation and procedures and determines a bidding winner or winners.

Persons interested in the contest outcomes, including persons who submit bidding requests or are employed by the company submitting a respective application, are not eligible to be the Contest Commission members.

The Tender Committee invites contenders to take part in a bidding, produces documents on preliminary participants, evaluates whether the applications submitted are in line with the requirements set in the contest regulations and officially sums up tender results.

The bidding announcement is published by the Tender Commitee in the Contest Results Information and Analytic Bulletin and is posted on Gazprom’s corporate Web-site. The Committee is committed to keep confidential registers of information submitted to this body by Suppliers prior to holding a bidding. Talks between the Tender Committee and suppliers on a request to take part in a contest are inadmissible.

The bidding involving just one supplier is regarded upon as invalid.

A 2-phase bidding is summoned if a tenderee is unable to make up detailed technical specifications and has to make an anticipated study of potential suppliers’ propositions.

Sole-source awarding of contracts on supply of goods, completion of works and rendering of services without bidding procedures is only possible provided:

  • goods, works and services can be only purchased from a concrete supplier due to their technical complexity and specific nature
  • there is urgent need in certain goods, works and services in case of emergencies (accidents, catastrophes and other unforeseen circumstances)

DIVISION OF RELATIONS WITH MASS MEDIA

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer