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Gazprom Neft and RVC join forces in the hunt for innovative digital solutions

Gazprom Neft and RVC (the Russian Government fund of funds and the Development Institute of the Russian Federation) have signed a Cooperation Agreement at this year’s St Petersburg International Economic Forum, with both organisations intending to work together in engaging Russia’s innovative start-up community in developing a digital platform.* Signatories to the document were Gazprom Neft’s Deputy CEO for Logistics, Processing and Sales, Anatoly Cherner, and RVC’s Director for Innovative Infrastructure Development, Mikhail Antonov.

On the photo (from left to right): Deputy CEO for Logistics, Processing and Sales, Anatoly Cherner, and RVC’s Director for Innovative Infrastructure Development, Mikhail Antonov

The agreement envisages cooperation in developing an innovative digital ecosystem and creating an environment conducive to developing projects in high technologies, supporting technological developments with high growth potential. Collaboration with RVC will give Gazprom Neft direct and immediate access to a pipeline of tech start-up projects in finding innovative solutions. Companies and individuals involved in the innovation ecosystem, meanwhile, will be able to gain expertise and build skills in implementing their projects, as well as gaining insights into best practice at Gazprom Neft. The agreement is to be implemented by the Gazprom Neft Digital Innovations Centre (DIC).

Established in April 2018, the DIC is responsible for identifying, developing and implementing Big Data and blockchain technologies, as well as technologies for predictive management, digital twins for Gazprom Neft enterprises, the Industrial Internet of Things (IIoT) and self-learning systems based on Artificial Intelligence (AI).

As part of its collaboration with RVC specialists from the DIC will be acting as mentors to breakthrough Russian start-ups, as well as offering the opportunity for ideas put forward to be implemented in practice, in response to Gazprom Neft’s immediate challenges and objectives, and in line with available production resources.

Gazprom Neft’s Deputy CEO for Logistics, Processing and Sales, Anatoly Cherner commented: “For Gazprom Neft, the transition to digital technologies means growth in production efficiencies, as well as environmental and workplace safety. Our company’s operations cover the widest possible range of areas, which means we are creating demand for the widest possible range of digital products, engaging everyone involved in Russia’s innovation ecosystem in finding and developing new breakthrough solutions.”

Mikhail Antonov, Director for Innovative Infrastructure Development, RVC, added: “Gazprom Neft has set itself an ambitious challenge — its full digital transformation, in implementing which it has not limited itself to its own resources, but is utilising various ‘open innovation’ tools. RVC is ready and willing to provide support in organising collaboration with all stakeholders and in involving cutting-edge solutions in developing our partner’s business.”

Notes for editors

* Gazprom Neft’s integrated platform for logistics, processing and sales, set to bring together all elements of the value chain in a single digital environment. A unified approach, as well as bringing together all data, will allow deep and timely management of process efficiency through predictive analysis and data usage, in real time.

Gazprom Neft is a vertically integrated oil company, primarily involved in oil and gas exploration and production, refining, and the production and sale of oil products. Gazprom Neft’s corporate structure comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad. The company’s production/refining ratio is one of the best in the Russian oil and gas industry. In terms of production and refining volumes it stands among the top three largest companies in Russia. The company’s key refining facilities are located in Omsk, Moscow and Yaroslavl, as well as in the cities of Pancevo and Novy Sad (Serbia). In addition to this, Gazprom Neft is also implementing projects outside of Russia — in Iraq, Venezuela, and in other countries.

RVC is a government fund of funds and a development institute of the Russian Federation, one of Russia’s key tools in building of its own national innovation system. The main objectives of RVC’s activities are encouraging the creation of Russia’s venture capital industry, and performing the functions of the National Project Office of the Technology Initiative (NTI). RVC’s authorised capital stands at over RUB30 billion. RVC’s capital is fully owned by the Russian Federation, represented by the Russian Federal Agency for State Property (Rosimuschestvo). The total number of RVC funds has reached 26 (including two funds in foreign jurisdictions), with their total size being RUB35.5 billion, in which RVC’s share is RUB22.6 billion. The number of innovative companies approved for investment by RVC funds has reached 222. The total volume of approved investments is RUB18 billion.