Gazprom Neft acquires fuel facility at Orsk Airport

Gazpromneft Aero, the operator of Gazprom Neft’s aviation fuel business, has closed the transaction for acquisition of a 100 percent ownership stake in OOO Airport Fuel Supply, the fuel facility located at Orsk International Airport.

This is Gazpromneft Aero’s second asset in Orenburg Oblast. The company has already been refueling aircraft at Orenburg’s military airbase.

The company’s plans for the future include expanding its operations at airports in the Ural and Volga regions by developing partner relations with airlines and introducing international aviation fuel supply standards.

“Gazpromneft Aero’s development strategy involves the expansion of business at Russian airports located within trans-Siberian air corridors running from Europe to Asia,” commented Gazpromneft Aero CEO Vladimir Yegorov. "By making significant investments in the development of our new assets, and, in particular, the fuel facility in Orsk, we are creating modern infrastructure and thereby facilitating the airport’s development and expansion of its route network and attracting new airlines. Direct supply from Gazprom Neft’s Omsk Oil Refinery makes it possible for us to do business with airlines efficiently and provide the best price formation terms.

Reference

Gazpromneft Aero is a subsidiary of Gazprom Neft. The company has been providing aircraft refueling services and selling aviation fuel at airports since January 1, 2008. Since December 2008, Gazpromneft Aero has been a strategic partner of the International Air Transport Association (IATA) in the field of aviation fuel supply.

Gazpromneft Aero is the leading aviation fuel supplier on the Russian market in terms of its retail sales volume. The company owns 38 aircraft fuel facilities in Russian and foreign airports. In its operations, the company utilizes technologies that meet the highest fueling operations safety level recognized by the IATA.