Adjusted EBITDA
Adjusted EBITDA is determined as profit/(loss) for the period excluding finance costs and finance income, income tax (benefit)/expense, depreciation and amortization, foreign exchange (gain)/loss, impairment/(reversal of impairment) of non-current assets, movements in allowances and provisions (except for provision for bonuses), (gain)/loss on disposal of property, plant and equipment, (gain)/loss on changes in fair value of financial instruments, share of (profit)/loss of associates and other non-cash, non-recurring and unusual items.
Casing
Steel pipe used to reinforce the walls of a well
CCM
Continuous-casting machine
Drill pipe
Threaded seamless steel butted pipe used for well drilling
IFRS
International Financial Reporting Standards
ISO 13679:2002
Oil and gas industry. Standardised procedures to test casing pipe and tubing connections
ISO 14001:2004
Environmental Management Systems. Requirements and guidelines
Line pipe
Pipe used in the construction and overhaul of upstream, transmission, and process pipelines
OCTG
Oil country tubular goods
PQF
Premium Quality Finishing
RAS
Russian Accounting Standards
SAGD technology
Steam Assisted Gravity Drainage
Seamless pipe
Pipe manufactured through the insertion of a solid billet in a press or a piercing mill (with subsequent hot or cold working)
TAGMET
PAO Taganrog Metallurgical Works
Tubing
Plain-end steel pipe or steel pipe with externally upset ends for oil and gas well operation
Welded pipe
Pipe made from metal coil, plate, strip or sheet, rolled and welded, and manufactured on a tube welding mill
Y-o-y
Percentage change in a metric for one period from the same period the previous year