Mission and Strategic Vision

Gazprom Neft's operations are primarily informed by the Company's 2025 Development Strategy, which was approved by the Board of Directors in 2013. In 2014, goals and objectives were specified for a number of business areas. The goals and objectives were updated to address local concerns; this process did not lead to a large-scale revision of the Development Strategy as a whole. Gazprom Neft’s exploration and production efforts currently remain focused on the effective development of a mature resource base and ensuring maximum return on investment from new projects. In refining and sales, the Company continues to concentrate on upgrading refining capacities and maximizing sales of petroleum products through the Company's own premium sales channels.

Gazprom Neft mission

To provide consumers with high-quality energy resources, conduct business honestly and responsibly, care for its employees and be a leader in efficiency, ensuring long-term and balanced Company growth.


Gazprom Neft strategic goal

To become a large, Russian-based international player, owning a regionally diversified portfolio of assets across the entire value chain, actively participating in regional development, and with a high degree of social and environmental responsibility.

2014 CONTRIBUTION TO THE IMPLEMENTATION OF STRATEGIC GOALS (MODIFIED WITH RESPECT TO 2013)

Proved hydrocarbon reserves under SPE-PRMS standards — 1.443 bn TOE (+7.40%)

Production of marketable hydrocarbons — 66.25 mn TOE (+6.41%)

Oil reserves to production ratio (PRMS proved + probable) — 33 years

STRATEGIC GOALS:

100 mn TOE
hydrocarbon production volume

20 years
reserve life (MR / production)

2014 CONTRIBUTION TO THE IMPLEMENTATION OF STRATEGIC GOALS (MODIFIED WITH RESPECT TO 2013)

Total refining volume — 43.48 mn t (+1.99%)

Total production of marketable petroleum products — 41.64 mn t (+2.69%)

Output of light petroleum products in Russia — 61.01%

Oil refining depth in Russia — 81.53%

STRATEGIC GOALS:

40 mn t
Oil refining in Russia

95 %
processing depth in Russia

80 %
output of light petroleum products in Russia

2014 CONTRIBUTION TO THE IMPLEMENTATION OF STRATEGIC GOALS (MODIFIED WITH RESPECT TO 2013)

Sales volume via premium channels — 25.78 mn t (+7.51%)

STRATEGIC GOALS:

100 %
products from own Russian oil refineries sold via own high-margin sales channels

2014 CONTRIBUTION TO THE IMPLEMENTATION OF STRATEGIC GOALS (MODIFIED WITH RESPECT TO 2013)

Number of active filling stations in Russia, CIS countries and non-CIS countries — 1,810 (+3.6%)

Number of active filling stations in Russia and CIS countries — 1,389 (+3.7%)

Average sales of petroleum products per filling station — 20,0 tonnes per day (+5.26%)

Average sales of petroleum products via filling station network in Russia and CIS countries — 9.1 mn t (+9%)

STRATEGIC GOALS:

24.7 mn t
sales volume of motor oil in Russia and the CIS

1,880 
number of retail chain stations in Russia and the CIS

2014 CONTRIBUTION TO THE IMPLEMENTATION OF STRATEGIC GOALS (MODIFIED WITH RESPECT TO 2013)

Sales of jet fuel — 3.72 mn t (+11.04%)

Sales of marine fuel — 4.42 mn t (+46.36%)

Sales of bitumen — 1.75 mn t (—0.57%)

Sales of petrochemical products — 1.24 mn t (+5.98%)

Sales of oils and lubes — 0.48 mn t (—2.04%)

STRATEGIC GOALS:

5.6 mn t
sales of jet fuel

8.2 mn t
sales of bunker fuel

2.5 mn t
sales of bitumen

1.8 mn t
sales of petrochemical products

0.66 mn t
sales of oils and lubes