Gazprom Neft is a vertically integrated oil company with the following key areas of operation: exploration, development, production and sales of crude oil and gas, oil refining, and sales of petroleum products.
Today, Gazprom Neft is a company focused on growth in scale through additions to its resource portfolio, the intensification of crude output, and the modernization of refining facilities.
Gazprom Neft oil production companies are developing 35 fields in Russia's largest oil and gas regions and taking part in joint development projects at oil fields outside the country: Serbia, Iraq, Angola, and Equatorial Guinea. In 2009 Gazprom Neft maintained its leading position in the industry among other Russian oil companies. Total hydrocarbon production by the Gazprom Neft Group amounted to 50.2 million tonnes in 2009.
Gazprom Neft refines more than 60 per cent of the crude oil it produces at its own refineries. The Omsk refinery, part of the Gazprom Neft Group, is a leader in the country in terms of conversion rate and product quality such as automotive gasoline, fuel for diesel and jet engines, fuel oil, bitumen, aromatic hydrocarbons, and other petroleum products. The Omsk refinery is linked by pipelines to Gazprom Neft's major fields, making it possible to supply high quality crude oil to the refinery at a minimum cost.
In order to market petroleum products, the Company established special business units to sell jet fuel and bunkering in addition to producing and selling oil: Gazprom Neft-Aero, Gazprom Neft-Marine Bunker, and Gazprom Neft-Lubricants. The Company's sales network includes an ever-growing chain of more than 950 filling stations in Russia and the CIS countries.
2009 Performance
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Crude production
The average daily crude output by Gazprom Neft subsidiaries reached 83,200 tons by the end of the third quarter of 2009 due to improved reservoir management efficiency.
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Refining
In 2009 Gazprom Neft refined more than 33.4 mln tons of oil. The conversion rate at the Omsk refinery reached 86.7% compared to the industry average of 71.4%.
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Sales of oil and petroleum products
The Company's products such as oil, gasoline, diesel fuel, motor oils, bitumen and other products are sold nationwide and exported to 48 countries . In 2009 Gazprom Neft supplied 15.6 million tonnes of oil to the global market.
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Network of filling stations
In 2009 the number of filling stations operated by the Company's sales subsidiaries increased from 865 to 950. In addition, a further 612 retail outlets were added to the Company's gas station network as a result of the acquisition of NIS and Sibir Energy.
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Jet fuel
In 2009 retail sales of jet fuel by Gazprom Neft-Aero reached 1 million tonnes. This figure consolidates Gazprom Neft subsidiary position as leader of the Russian jet fuel market. The Company plans to capture a significant share of the Russian market by 2012, with retail sales of about 1.5 million tonnes of jet fuel per year.
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Bunkering
Bunkering is a premium sales market for fuel oil and diesel fuel. In 2009 Gazprom Neft-Marine Bunker was operating in more than 22 ports, including all major Russian sea ports. The ambitious goals of Gazprom Neft include gaining one third of the domestic bunker market with its own port infrastructure by 2020, entering international markets and selling 77% of fuel oil and 5% of diesel fuel produced by the Company at a premium compared to traditional exports.
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