Gazprom Neft Group Structure

Most of the Company’s crude oil production in Russia is carried out by its subsidiaries: Gazprom Neft-Noyabrskneftegas, Gazprom Neft-Khantos, Gazprom Neft-Vostok, and Gazprom Neft Orenburg.

The subsidiary NIS is responsible for oil and gas exploration and production in Serbia, Angola, Bosnia and Herzegovina, Hungary, and Romania. The Company's international assets also include hydrocarbon exploration and production projects in Iraq, the Kurdish Autonomous Region in Iraq, and Venezuela.

In addition to its own production, Gazprom Neft also has a share in the production of its affiliates: Slavneft (50%), Tomskneft (50%), Salym Petroleum Development, (50%), SeverEnergia (45.1%), and Northgas (50%).

Gazprom Neft refines about 80% of the crude oil that it produces. The Company's largest refinery, the Omsk Refinery, is one of the most advanced in the country and one of the largest in the world. The Company’s assets also include the Moscow and Yaroslavl refineries and the two-plant refining complex operated by Serbian company NIS. In addition, the Company has a stake in the operations of the Mozyr Refinery in Belarus.

The Company sells petroleum products in Russia and the CIS countries through its sales subsidiaries engaged in wholesale and retail sales of petroleum products through filling stations. The Company also has a number of other business segments, including the sale of aviation fuel, ship bunkering, and the production and sale of lubricants, bitumen materials, and petrochemical products. The Company’s filling station network comprises 1,810 filling stations operating in Russia, the CIS, and Europe.

Major changes to the Company’s structure in 2014
  • Gazprom Neft assumed trust management of a 50% holding in Northgas. The holding is controlled by Gazprom Group.
  • An effective 9.1% stake in Northgas (North Urengoy field) was acquired.
  • Gazprom Neft Shelf (the operator of the Prirazlomnoye field) became a 100% subsidiary of Gazprom Neft.
  • A final agreement was reached with Novatek on 50/50 shared ownership of SeverEnergia.
  • Specialist operator Gazpromneft — Bitumen Materials began operations.
  • A deal was concluded to acquire a 50% share on a parity basis with SIBUR Holding in Poliom's production assets for refining propylene from the propane-propylene fraction.