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Risk Management

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Risk and Control Management

To ensure priorities of the company are the development of the resource potential and the effective operation of mineral resources in strict compliance with environmental safety standards and introduction of modern technologies. Our vision define how we work and interact with our colleagues, partners, customers and consumers.

Our special purpose and our operational expertise in our business model will help realize our vision to grow our business in the oil and gas industry, while separating our environmental footprint from our growth and increasing social impact.

The main goals, objectives, principles and approaches to organizing the risk management and internal control system are defined by the Risk Management and Internal Control Policy of Ripple Energy Resources, approved by the decision of the Board of Directors of Ripple Energy Resources rules.


The objectives of the risk management and internal control system are:

  ensuring sufficient confidence in achieving the goals set by Ripple Energy Resources;
  ensuring proper control over the financial and economic activities of Ripple Energy Resources.

The main objectives of the risk management and internal control system are:

  support for systematic and continuous processes of identification and assessment of risks affecting the achievement of the goals of Ripple Energy Resources;
  effective risk management, improvement of decision-making processes for risk response;
  improving the efficiency of use and allocation of resources for risk management activities and implementation of internal control procedures;
  improvement of local regulations of Ripple Energy Resources in terms of inclusion and/or improvement of risk management processes and internal control procedures at all management levels;
  creation of a reliable information environment for planning activities and making management decisions; providing management decision-making processes with information on the risks associated with the decisions made;
  increasing the sustainability and efficiency of financial and economic activities of Ripple Energy Resources;
  ensuring compliance with legislation and local regulations of Ripple Energy Resources.

According to the Development Strategy of Ripple Energy Resources, the mission and vision of Ripple Energy Resources is to ensure maximum benefits to Kazakhstan from participation in the development of the national oil-and-gas sector, which ensures sustainable development to the country.

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West Kazakhstan Region, Uralsk G.A., Uralsk, K.Amanzholov Street, 98

info@rippleenergyresources.kz

+7 707 969 0546