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JSC Gazprom Neft buys oils and lubricants producing facility in Italy

JSC Gazprom Neft has acquired oils and lubricants producing facility under Chevron Italia S.p.A. brand in Bari (Italy) from Chevron Global Energy.

The facility’s productive capacity makes up to 30 thousand tons of oils and 6 tons of lubricants annually. The production range includes 150 oils used in cars and commercial transport as well as oils meant for industrial use. Capacities will allow producing 25 items of special high-technology lubricants used particularly in the course of drilling operations. The plant carries ISO 9002, 14001 certificates as well as the API license. Production manufactured at the facility meets European quality standards and most recent demands of producers of automobile and industrial machinery. In accordance with technological agreement, Chevron Global Energy hands over a license on technical data and patent rights on production to LLC Gazprom Neft – Lubricants.

In the nearest future Chevron Italia S.p.A. is planned to be renamed to Gazpromneft Italia S.p.A. Operational administration of the facility will be assigned to LLC Gazprom Neft – Lubricants. Chevron Global Energy proposes to subsidiary company Gasprom Neft the license for using technology of oil and lubricants production and patent rights for “Texaco” trading mark to realize the products within Italian market.

Products manufactured at the facility with “Gazprom neft” trade mark will be realized both in Italian and Russian markets. As well as, it supposed marketing and production synergy of a new asset of Serbian company NIS that was purchased by Gazprom Neft early in this year.

“Acquiring a facility in Bari corresponds with the strategy of development of our business in the field of oils and lubricants production, - says JSC Gazprom Neft Executive Board Chairman Alexander Dyukov. – We acquire a fair production site in Europe as well as up-to-date technologies and a stable marketing outlet.”

Notes for editors

JSC Gazprom Neft’ is one of the largest oil and gas producing companies in Russia. The main areas of Gazprom Neft’s business activity include oil and natural gas production, oil and gas field facility services, oil refining and marketing of petroleum products. The proven reserves of the company exceed 4 billion barrels, which ranks the company amongst the world’s twenty largest oil companies.

Gazprom Neft’ carries out its activities in Russia’s largest oil- and gas-bearing regions such as Khanty-Mansiysk Autonomous District, Yamalo-Nenets Autonomous District, Tomsk and Omsk Regions, and Chukotka Autonomous District. The Company’s major oil refineries are located in the Omsk, Moscow and Yaroslavl Regions. The Gazprom Neft’ distribution network operates countrywide.

Gazprom Neft’ is currently one of the fastest growing oil companies in the country.