Gazprom Neft Group structure
Most of the Company’s crude oil in Russia is produced by its subsidiaries: OJSC Gazprom Neft-Noyabrskneftegaz, LLC Gazprom Neft-Khantos, and LLC Gazprom Neft-East, and CJSC Gazprom Neft Orenburg (since October 2011).
Major changes in the company’s structure in 2013
- Gazpromneft-Total PMB, a joint venture, was established with Total for the production of modified bitumen and bitumen emulsions.
- Khanty-Mansi Oil and Gas Union was created jointly with Shell to carry out new shale oil deposit exploration and development projects in KhMAD.
- The Company acquired Russia’s largest Ryazan polymer modified bitumen plant – CJSC Ryazan Pilot-Production Plant for Petrochemicals (ROZNKhP).
- Marine Bunker Balkan S.A. and AS Baltic Marine Bunker were acquired to expand the bunkering business. Gazpromneft Marine Bunker also acquired the assets of LLC Novorosnefteservis and LLC Novorossiysk Oil Transhipment Complex to provide storage and transhipment of marine oil sold by the Company in the Black Sea region.
- LLC Gazpromneft-Regional Sales and OJSC Gazpromneft-Transport started their operations as part of reorganization of the regional sales model. LLC Gazpromneft-Corporate Sales started its business activities.
The Company’s foreign subsidiary, NIS, explores and produces oil and gas in Serbia, Angola, Bosnia and Herzegovina, and Hungary. The Company’s international assets also include hydrocarbon exploration and production projects in Iraq, Iraqi Kurdish Autonomous Region Iraq, and Venezuela.
In addition to its own production, OJSC Gazprom Neft has a share in the production of its affiliates: OJSC Oil and Gas Company Slavneft (50%), OJSC Tomskneft VNK (50%), Salym Petroleum Development (50%), and LLC SeverEnergia (in December 2013, the 25.5% share was increased to 40.2%).
Gazprom Neft refines about 80% of the oil it produces. The Omsk Refinery, the Company’s largest plant, is one of the most advanced in the country and the largest in the world. The Company also operates the Moscow and Yaroslavl Refineries and a two-plant refining complex of NIS, a Serbian company.
The Company sells petroleum products in Russia and the CIS countries through its sales subsidiaries engaged in petroleum product wholesales and retail sales through filling stations. The Company also has a number of other business segments, including the sale of jet fuel, ship bunkering, and the production and sale of lubricants, bitumen, and petrochemicals.
The Company’s filling station chain comprises 1,747 filling stations operating in Russia, the CIS and Europe.