Gazprom neft today
In terms of proven hydrocarbon reserves according to SPE (PRMS) classification, Gazprom Neft is comparable with the world’s largest oil companies.
In Russia, the Company ranks second in terms of petroleum product sales and is among the top four leaders in terms of oil production and refining. Gazprom Neft’s capitalisation stood at more than one trillion roubles as of 31 December 2016. The Company operates in Russia’s largest oil and gas regions and also has production projects outside of Russia in such countries as Iraq and Venezuela, among others. The Company’s primary refining facilities are located in Russia’s Omsk, Moscow and Yaroslavl Regions in addition to Serbia. Gazprom Neft is currently a major player on the energy market. The Company produces and supplies a broad range of petroleum products for a number of industries both in Russia and abroad.
Core businesses and structure of company
Most of the Company’s crude oil production in Russia is carried out by its subsidiary operators: Gazpromneft-Noyabrskneftegaz, Gazpromneft-Khantos, Gazpromneft-Vostok and Gazpromneft Orenburg. The subsidiary Naftna Industrija Srbije А.D., Novi Sad (NIS) develops fields in Serbia, Angola, Bosnia and Herzegovina, Hungary and Romania. The Company's international assets also include hydrocarbon exploration and production projects in Iraq, Venezuela and other countries. The Company has a share in the production of the following enterprises: Slavneft OGC (50%), Tomskneft VNK (50%), Salym Petroleum Development N.V. (50%), SeverEnergia (46.67% since 1 July 2015) and Northgas (50%).
Gazprom Neft is one of the leaders in the Russian industry in terms of oil refining and continuously improves the efficiency of production processes. Oil refining takes place at two oil refineries – the Omsk Oil Refinery, Moscow Oil Refinery and the NIS refiniring complex in Serbia. In addition, Gazprom Neft owns 50% stakes in Slavneft-YANOS and also has access to the processing facilities of Mozyr Oil Refinery.
Gazprom Neft offers wholesale and retail sales of oil and petroleum products on the Russian and international markets. The Company operates its own network of filling stations in 37 regions of Russia as well as countries of the CIS and Eastern Europe.
The Company has spun off its businesses into individual units to improve the effectiveness of petroleum product sales: the wholesale of light petroleum products in the Russian Federation, retail and corporate sales at Russian filling stations, bunkering, the supply of fuel, aviation kerosene and lubricants for aircraft, the sale of lubricant materials and the production and sale of bitumen products. The Company’s specialised subsidiaries handle these types of operations.
Gazprom Neft is a major Russian manufacturer of a number of basic petrochemical products – aromatic hydrocarbons (benzene, paraxylene, orthoxylene and toluene) and propane-propylene fraction products (propylene liquefied petroleum gas). Basic petrochemical products are manufactured at all Gazprom Neft oil refineries (Omsk, Moscow and Yaroslavl). The production of petrochemical products for further stages of added value (polypropylene) takes place at integrated enterprises.