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Gazprom Neft’s sales of motor and industrial oils increase 12% in 9M 2021

Gazpromneft-Lubricants, operator of Gazprom Neft’s lubricants business, delivered a 12% increase in sales of high-tech G-Energy and Gazpromneft-branded products in 9M 2021, reaching 250,000 tonnes, with total lubricant production reaching 420,000 tonnes.

Retail sales — through shops, filling stations, service stations and online marketplaces —increased 10%, with greatest demand among Russian and international motorists being for synthetic Gazprom Neft oils.

Work on expanding distributor partnerships throughout countries in Europe and the Middle East delivered a 10% increase in sales of Russian oils abroad. Lubricant supply contracts in Austria, Myanmar, Qatar and Oman were entered into for the first time in 2021, with the most sought-after products on the international markets being high-tech motor oils and industrial (hydraulic and gear-system) lubricants for production and manufacturing equipment. Sales of lubricants for specialist equipment were also up — by 86% among Russian businesses, and 38% internationally.

“We’re seeing a clear trend — across all sectors — in demand moving in favour of modern synthetic oils. This year has seen premium lubricants accounting for 59% of total sales — a 9% increase on 2020 levels. We are continuing our implementation of a crucial project for Russian industry — building our hydro-isodewaxing complex in Omsk — which will increase market supplies of our high-tech synthetic oils.”
Anatoly Skoromets
Anatoly Skoromets Director General, Gazpromneft-Lubricants: