Gazprom Neft has acquired lubricant producing facility in the Moscow Region

Press-release

Gazprom Neft Lubricants has completed the acquisition of CJSC NK Selekt, owner of a lubricant producing facility in Fryazino, Moscow Oblast. The newly-acquired asset has been renamed as “Gazprom Neft Moscow Lubricants Plant” (Gaprom Neft MLP).

The plant's annual production capacity is over 40 thousand tons of packaged products, including motor oils, transmission fluids, industrial lubricants and technical fluids. The factory's equipment includes manufacturing area for precision blending and packaging of oil, a tank farm with a capacity of 3000 cubic metres, road and rail filling and draining racks with pumping units, storage and treatment facilities, administrative and laboratory buildings.

“By purchasing the facility in the central region of Russia we significantly expand the Company’s production and logistic capacity in this business segment,” said Anatoly Cherner, Gazprom Neft's Deputy CEO for Logistics, Processing and Sales. “Gazprom Neft’s market position in Russian lubricants market will be strengthened a lot by developing a new production base in the European part of Russia as well as enhancing the company’s activity in Western Siberia.”

Reference

Gazprom Neft Lubricants LLC is a subsidiary of Gazprom Neft, which manufactures and sales oils, lubricants and technical fluids. The company owns production facilities in Western Siberia (Omsk), the European part of Russia (Yaroslavl), and Western Europe (Bari, Italy). The Company's strategic objectives by the year 2020 are strong growth in all sectors of the lubricants markets as well as development in foreign markets. In 2010 the Company introduced the G-Energy premium motor oils brand, as well as G-Family - a premium range of automotive lubricants, onto the Russian and European markets.