The company’s activities are based around Gazprom Neft’s Development Strategy to 2025, adopted by the Board of Directors in 2013. Gazprom Neft’s production data shows consistent and sustainable year-on-year growth, with the company also maintaining its leading position in terms of its commercial viability.
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Gazprom Neft’s management and corporate governance is fully compliant with current Russian legislation, with the company’s Charter and internal regulation, and with the company’s Corporate Governance Code.
A balanced product portfolio, together with a high level of drilling efficiency, form the basis for the company’s market-leading production growth rate, bringing the company ever closer to its goal of producing 100 million tonnes of hydrocarbons per year by 2020.
Gazprom Neft has already completed the first phase of the extensive modernisation of its refining facilities, and has now moved on to implementing the second phase, directed at increasing refining depth to 95 percent and increasing the production of light petroleum products to 80 percent of total output by 2025.
Gazprom Neft sells wholesale and retail oil products produced at its own enterprises: gasoline, diesel fuels, motor oil and lubricants, aviation kerosene and bitumens.
The company is implementing projects not just in traditional oil-production regions, but is also developing new areas — operating on the Russian Arctic Shelf, developing one of the northernmost Russian fields within the Arctic Circle, and getting ready to start production in Eastern Siberia.