Gazprom Neft is a vertically integrated oil company, primarily involved in oil and gas exploration and production, refining, and the production and sale of oil products. The Company’s subsidiaries include more than 70 oil production, refining, and retail businesses located throughout Russia, the CIS, and other countries.
The company’s proven and probable reserves (SPE-PRMS) are estimated at 2.78 billion tonnes of oil equivalent (btoe), making Gazprom Neft one of the 20 largest oil and gas companies in the world. Gazprom Neft is also one of Russia’s Top 3 companies in terms of production and refining volumes. Total production in 2017 amounted to 89.75 million tonnes of oil equivalent (mtoe), with refining volumes at 40.1 million tonnes.
Gazprom Neft’s products are sold throughout Russia and exported to over 50 countries worldwide. The company’s filling station network is made up of more than 1,850 outlets throughout Russia, the CIS and Europe.
In 2017, Gazprom Neft’s net profit was RUB 253 billion, a 26.5-percent increase year-on-year compared to 2016. The Company is a market leader both in terms of its financial performance and efficiency, including its return on average capital employed (ROACE).
The company’s majority shareholder is Gazprom PJSC (95.68%), with the remaining shares in free float.
Surgutneftegas Public Joint Stock Company is one of the largest vertically integrated oil companies in Russia encompassing research-design, exploration, drilling, production, oil and gas processing and marketing. The company operates its business in Russia, from the Baltic Sea to the Far East.
The company carries out a significant amount of exploratory and production drilling and is active in three largest Russian oil and gas provinces – Western Siberia, Eastern Siberia, and Timan-Pechora. Efficient natural resource use policies and gas collection and utilization facilities have allowed the company to reach a record level of APG utilization – exceeding 99%. One of the companies in Surgutneftegas PJSC is LLC KINEF, a Russian leader in terms of refining throughput. The refinery produces high quality products that are in demand on the domestic and international markets.