Geography of Operations

Headquarters Production Refining Bunkering Marketing
Jet Fuel Export Oil Exploration Lubricants

Company's history

1995

Open Joint Stock Company Siberian Oil Company was established under a Decree of The President of the Russian Federation № 872 "On Establishment of Open Joint Stock Company Siberian Oil Company," dated August 24, 1995, and Resolution of the Government of the Russian Federation № 972 "On Organization of Open Joint Stock Company Siberian Oil Company," dated September 29, 1995. Acting as the Company's founder, the State passed on the government stake in the biggest oil industry enterprises of Russia: OJSC Noyabrskneftegaz, OJSC Noyabrskneftegazgeophysica, OJSC Omsk Refinery, and OJSC Omsknefteproduct, to the authorized capital of the holding. The Company was registered on October 6, 1995.

1996-1997

Plan of privatization of Sibneft was implemented by the Russian Government with the purpose of developing the market economy. At auctions in 1996 private investors bought some 49% of Sibneft’s shares. In 1997 under the governmental program “Shares for Loans” the Financial Oil Company won the auction to purchase the State-owned share in Sibneft.

1998-2004

Good resource potential, effective raw material processing capacity and professional management ensured a high rate of Company development. The management of Sibneft did a great deal to modernize production, introduce the latest technology and optimize business processes. Thanks to the implementation of a proactive policy aimed at increasing assets the geography of production expanded significantly (Tomsk Region, Omsk Region, and Chukotka Autonomous District) and the sales network in Russia’s regions was also expanded (Sverdlovsk Region, Tyumen Region, the Krasnoyarsk Krai, Saint Petersburg, Moscow). One of the major purchases of the Company during this period was the purchase of 49.9% of shares of JSC NGK Slavneft that produces oil and gas in Western Siberia and the Krasnoyarsk Krai.

2005

A controlling interest in the JSC Sibneft (75.68%) was bought by Gazprom Group and subsequently on May 13, 2006 the Company's name has been changed to the Joint Stock Company Gazprom Neft. The strategic objectives of the Company were to ensure the position of a global company that has regionally diversified assets along the entire revenue chain.

2006

Gazprom Neft entered the retail market of Central Asia by setting up an affiliate Gazprom Neft Asia to sell petroleum products of the Company in Kyrgyzstan, Tajikistan, and Kazakhstan. The same year the Company for the first time joined, as a shareholder, an international pipeline project of state significance; specifically the construction of the Burgas-Alexandroupolis Transbalkan Oil Pipeline jointly with JSC OC Rosneft and JSC Transneft.

2007

Business units responsible for different spheres of operations were set up within the Company: Gazpromneft-Nefteservice, Gazpromneft Marine Bunker, Gazpromneft Lubricants and Gazpromneft-Aero. To enhance the expansion of the potential resources in December 2007 Gazprom Neft acquired a 50% interest in Tomskneft that produces oil and gas on the territory of the Tomsk Region and Khanty-Mansi Autonomous District. JSC Gazprom Neft, OJSC Rosneft, OJSC Lukoil, and OJSC Surgutneftegaz signed a Memorandum of Understanding providing cooperation and joint participation in projects in Venezuela and Cuba within the National Oil Consortium.

2008

Gazprom Neft, Rosneft, Lukoil, TNK-BP and Surgutneftegas signed a Memorandum of Understanding for cooperation and joint participation in projects in Venezuela and Cuba, as part of the National Oil Consortium.

2009

Gazprom Neft acquired new assets for its resource portfolio: NIS and a controlling stake in Sibir Energy. This resulted in an increased ownership ratio of the Moscow refinery and access to the Salym oil fields. In April 2009, the company closed a deal with Chevron Global Energy to purchase the Chevron Italia S.p.A. oils and lubricants production plant in the city of Bari (Italy). In an effort to enhance international partnership, Gazprom Neft and the National Iranian Oil Company (NIOC) signed a Memorandum of Understanding for developing the Azar and Shangule fields. Another major event for the company was launching a large-scale rebranding program for the Gazprom Neft chain of filling stations.

2010

Gazprom Neft is expanding its presence in the global oil and gas market. The year's milestones include:

• Gazprom Neft and Sweden's Malka Oil closed a deal for purchasing STS Service, Malka Oil's production unit.
• Gazprom Neft signed a contract to develop the Badra field in Iraq, which contains more than 2 billion barrels of oil reserves.
• Acquiring a retail network in Kazakhstan.
• JSC Gazprom Neft became a participant for the project on deposit development, and Sever Energy holds a development license for those deposits via associated companies.
• JSC Gazprom Neft became a leader in the framework of the consortium of Russian vertically integrated oil companies for the Venezuelan project for developing the Junin-6 oil deposit block.
• Acquiring a share in the offshore exploration project in Cuba.
• The company entered a production sharing project in the offshore exploration phase in Equatorial Guinea.