Our business

Gazprom Neft is a major player in today’s energy market. The Company produces and supplies a wide range of products for a variety of industries both in Russia and around the world.

Business model

JSC Gazprom Neft (together with its subsidiaries) is a vertically integrated oil company (VIOC), whose main activities include the exploration, development, production and sale of crude oil and gas, as well as oil refining and the marketing of petroleum products. As per the SPE (PRMS) classification, the Company’s proven reserves of hydrocarbons amount to more than 1.343 bln TOE, placing Gazprom Neft in the top 20 global producers of crude oil.

The Company operates in Russia’s largest oil- and gas-producing regions: Khanty-Mansiysk and Yamal-Nenets Autonomous Districts, and Tomsk, Omsk and Orenburg Regions. The Company’s main refining facilities are located in Omsk, Moscow and Yaroslavl Regions, and also in Serbia. In addition, OJSC Gazprom Neft has production projects outside Russia, in Iraq, Venezuela and elsewhere.

COMPANY MISSION
To offer consumers high quality energy resources, to conduct business fairly and responsibly, to take care of our employees, and to be a leader in efficiency, guaranteeing long-term, stable growth for the Company.
+11.9%62.3
mn TOE
19.2
t per day
23.9
mln t
Increase in proven hydrocarbon reservesHydrocarbon production volumeAverage volume handled per filling station (highest volume in the industry)Sales from premium business segments

Gazprom Neft is a vertically integrated oil company, whose main activities include hydrocarbon-field exploration, the production and sale of crude oil and gas, as well as the production and sale of petroleum products. The Company is focused on growing its business by expanding its resource base, stimulating production and modernizing its refining facilities.

PROSPECTING AND PRODUCTION

Due to the optimization of its existing fields, the active implementation of new technology and the expansion of its asset portfolio, Gazprom Neft’s total production rose by 4.3% in 2013, to 62.26 million tonnes of oil equivalent. The Gazprom Neft Group’s proven hydrocarbon reserves as of December 31, 2013 were 1.34 billion TOE, an 11.9% year-on-year growth.

Hydrocarbon production, mln TOE 

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OIL REFINING

Gazprom Neft refines about 80% of the oil it produces. The Omsk Refinery, the Company’s largest plant, is one of the most advanced in the country and the largest in the world. The Company also operates the Moscow and Yaroslavl Refineries and a refining complex of NIS, a Serbian company. The oil refining volume in 2013 was 42.63 million tonnes. In 2013, all the Company’s refineries switched over to production of Euro 4 and Euro 5 fuels.

Crude oil refining by the Company’s refineries, mln tonnes

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SALES OF PETROLEUM

One of the Company’s key business lines is the development of its filling stations and it owns one of the most developed sales networks in Russia. In 2013, the Company reinforced its position further in the retail petroleum market when it became the largest supplier of light petroleum products in the regions where it operates with a 21% share. The Company’s filling station chain comprises 1,747 filling stations in Russia, CIS and the Eastern Europe. At the beginning of 2014, the number of Gazprom Neft filling stations in Russia and CIS was 1,339. Sales of petroleum products via Russian filling stations grew by 11% to 7.3 million tonnes. The average daily sales of petroleum products per filling station in the country reached 19 tonnes per day, and increased by 7.8%.

Sales of automotive fuel via the filling station chain in Russia and CIS, mln tonnes

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PREMIUM BUSINESS SEGMENTS

Gazprom Neft has clear goals to increase the petroleum product sales efficiency for each sub-segment of its petroleum product business: aviation fuel sales, ship bunkering, production and marketing of lubricants, bituminous materials, and petrochemicals. Consisting of 38 own fuelling complexes in Russia and CIS, Gazpromneft-Aero has the largest sales network among Russian vertically integrated oil companies and is the uncontested leader in Russia for aviation fuel retail sales. Gazpromneft Marine Bunker has an 18.6% share of the Russian bunker market. In 2013, ‘direct-to- ship’ sales of fuel rose by 28% and reached 2.3 million tonnes.

Sales of petroleum products in premium business segments, mln tonnes

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For more information please download our Fact Sheet.

Last update: July 2014

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