Strategic Vision

The Gazprom Neft 2025 development strategy approved in 2013 sets out mid- and long-term goals and respective benchmarks for this period.

The Novoportovskoye and Messoyakhskoye fields will be put into operation in the northern YaNAD in 2014–2016.

The first tanker shipment was sent from the Prirazlomnoye field in 2014, with at least 300,000 tonnes of oil production planned

By 2025, oil refining in Russia should reach 40 million tonnes, with refining depth at 95% and light petroleum product output at 77%.

By 2020, the improvement in production methods will ensure the most efficient way to develop promising assets, alongside the rational use of the potential of existing assets, including through involvement of hard to recover reserves. 300 million tonnes of hard to recover reserves will be added to the development programme by 2020.

The Company will be implementing its refining depth increase programme until 2020. As part of this programme, six new refineries will be built and three existing refineries will be upgraded. The new facilities will be on par with the world’s best refineries in terms of performance (including environmental indices).

Hydrocarbon production will reach 100 Mtpa by 2020. Gazprom Neft intends to maintain this level until 2025, with international projects accounting for at least 10% of the total production.

During 2014–2016, Gazprom Neft will be implementing a dedicated programme to rehabilitate contaminated lands, drilling The place where drilling wastes are stored.sludge pits and treating oil-contaminated waste, with a focus on legacy sludge pits.

The Company will continue to develop its filling station chain and other high-margin petroleum product sales channels. By 2025, Gazprom Neft intends to increase the total sales of motor oils in Russia and CIS to 24.7 million tonnes. The retail chain will be expanded to as many as 1,880 filling stations in Russia and CIS.

By 2015, the estimated reduction in heat and electricity consumption at the Company’s refineries will be about 5% of the estimated consumption of electricity and heat in 2013-2015.

In 2014, the Company will continue implementing the energy management system (Energy management system.EMS); a certification audit for compliance with ISO 50001 will be carried out in the middle of the year. There are plans to implement the 2014–2016 Gazprom Neft power grid loss reduction programme and an energy efficiency programme for oil production.

The Company will continue its cooperation with regions to create a comfortable urban environment, develop infrastructure for children’s and grassroots sports, support educational projects, and preserve the national and cultural traditions of the indigenous minorities of northern Russia. The Company will implement its regional policy based on both the “Home Towns” programme, which defines a systematic approach and common standards for social investment in the regions, and subsidiaries’ annual social investment programmes approved by the Company’s Corporate Centre.

In 2014, the Company will work out a comprehensive programme to increase the efficiency of its interaction with educational institutions.

By 2014, the enterprises of Gazprom Neft will adopt a unified system of social benefits.