Oil refining
Gazprom Neft has maintained a leading position in Russia in terms of growth in refining throughput.
In 2010, the Company increased its refining throughput by 13.5 percent to reach 37.9 million tons. Such
growth can be attributed to the increase of Gazprom Neft's share in Sibir Energy – one of the shareholders of the
Moscow refinery 
.
Gazprom Neft's strategic goals are to transfer to fuel production which will comply with the
Technical Regulations, and to increase its conversion rate and its yield from light products to 90-95 percent and 77
percent, respectively.
The Omsk refinery , the main refining asset of Gazprom Neft, is one of the most advanced refineries
in Russia and one of the largest refineries in the world. In 2010, the Omsk refinery maintained its
leading position in Russia in terms of its output of light petroleum products and aromatic hydrocarbons. In 2010,
the Omsk refinery ranked second for oil refining output (18.98 mln tons in 2010). In 2010, the oil
conversion rate at the Omsk refinery reached 83.3 percent, as compared to the Russian industry average of 71.8 percent.
The Omsk refinery's development plan calls for a transition to production of Class 4 gasolines and diesel fuel starting from 2012, and Class 5 products starting from 2015. For this purpose, the refinery reconstructed the L24/9 diesel fuel plant and started the construction of a complex of diesel fuel and catalytically cracked gasoline hydro treaters.
In October 2010, the Omsk refinery put the Izomalk-2, a light gasoline fractions isomerisation complex, into commercial operation. The plant's capacity is 800,000 tons per year. Izomalk-2 makes it possible to produce a high octane number component of commercial gasolines - isomerisation - with zero content of sulphur, aromatic and unsaturated hydrocarbons. Today, it is the most powerful plant of this type in Europe.
In 2010, a large scale modernisation program was also launched at the Moscow refinery with the construction of a light naphtha isomerisation plant. The plant is to produce a gasoline component with an octane number of up to 90.5 points. The plant's capacity will be 650,000 tons per year. The commissioning of the plant is scheduled for 2012.
A light gasoline fraction isomerisation plant, similar to the one in Omsk, will be also constructed at JSC Slavneft-Yaroslavnefteorgsintez (YANOS). YANOS was one of the few Russian oil refineries that managed to start production of low-sulphur diesel fuel in the shortest possible time. In 2008, YANOS began the production of diesel fuel with sulphur content of 10 mg/kg in compliance with Class 5 requirements, accounting for about 55 percent of the refinery's total output.
In 2010, Gazprom Neft's Serbian asset NIS refined 2.85 million tons of oil at its own refineries in
Pancevo and Novi Sad. In 2010, as part of the modernisation of the NIS refining facilities, the Pancevo refinery started
the construction of a hydro cracking and hydro treatment complex. The commissioning of the complex in 2012 will allow the
Company to increase the refining throughput to the refinery's maximum loading of 4.8 million tons per year. It will not
only satisfy the local needs of the Serbian market, but also allow for the export of fuel to other countries in the Balkan
region.
