Electronic Trading in Petroleum Products
Gazprom Neft is actively involved in exchange trading in oil and oil products in Russia
Leading the pack
Gazprom Neft is a co-founder of the St Petersburg International Mercantile Exchange (SPIMEX), making its oil products available for trade on a regular basis since 2009, and is one of Russia’s leading vertically integrated oil companies in terms of exchange trading volumes, as well as purchasing crude on SPIMEX and registering over-the-counter (OTC) contracts.
In conjunction with SPIMEX and market regulators Gazprom Neft is an ongoing participant in designing, implementing and developing modern exchange mechanisms.
In 2017 Gazprom Neft became the first Russian vertically integrated oil company to act as a market maker on the SPIMEX futures market.
Gazprom Neft’s adherence to consistency and coherence in exchange sales was recognised as the market gold standard in 2015, when it was honoured by the St Petersburg International Mercantile Exchange.
2018 saw Gazprom Neft receive two SPIMEX awards concurrently: for its contribution to developing the country’s exchange-trading market, and for supporting stable and consistent exchange-traded sales of oil products, as well as for its active involvement in developing the futures market in Russian oil.
Information on minimum daily sales volumes made available for exchange-traded sales on SPIMEX JSC
This information is published pursuant to the Joint Decree of the Federal Antimonopoly Service of the Russian Federation and the Ministry of Energy of the Russian Federation No. 313/13/225 of 30 April 2013.
Gazprom Neft is one of Russia’s most significant producers of various petrochemical products