Gazprom Neft Setting-up Sales Branches in Tajikistan and Kazakhstan

In June 2007 JSC Gazprom Neft set up sales outlets - CJSC Gazprom Neft –Tajikistan and CJSC Gazprom Neft – Kazakhstan in the territories of the republics of Tajikistan and Kazakhstan.

CJSC Gazprom Neft – Asia (incorporated in the Republic of Kyrgyzstan) which is a subsidiary of JSC Gazprom Neft is a 100% stock holder in the authorized capital of the above companies.

At present CJSC Gazprom Neft – Kazakhstan has concluded agreements with 11 oil product depots for sales of oil products ex-Omsk Refinery. CJSC Gazprom Neft –Tajikistan takes a lease of four petroleum depots via which the Omsk Refinery oil products are distributed.

Later, the new companies are expected to form a basis for implementation of a project for construction of retail fuel station network.

Such selection of the regions for creating new enterprises is explained by geographical proximity of Kazakhstan and Tajikistan to the Gazprom Neft’s principal oil refining facility – the Omsk Refinery, as well as rapid development of oil product markets in these territories.