History

  • 1995
  • 1996-1997
  • 1998-2004
  • 2005
  • 2006
  • 2007
  • 2008
  • 2009
  • 2010
  • 2011
  • 2012
  • 2013
  • 2014
2014

Development of production projects

The Company obtained the first oil at the Badra oil field in Iraq and began the commercial shipment of oil into the Iraqi pipeline system.

The Company made the first summer shipment from the Novoportovskoye field, marking the first time that raw commodities were exported from the field by sea and sent to European consumers.

Production on the Arctic shelf

The one millionth barrel of the new ARCO (Arctic Oil) blend was produced at the Prirazlomnoye field.

The drilling of a new exploration well began at the Dolginskoye oil field on the Pechora Sea shelf.

Acquisition of new licenses

Gazprom Neft obtained access to the licenses for the Kuvaysky and Yagodny license areas on the territory of the Orenburg Region. The subsoil resources of the license areas are capable of maintaining and increasing the Company’s oil production level.

2013

Strategy

Gazprom Neft holds the leading position in Russia in terms of hydrocarbon production and refining growth rate. It also leads on a number of efficiency metrics. The Company begins pilot oil production at two major new fields in the north of the Yamalo-Nenets Autonomous District:East Messoyakha and Novoportovskoye. The first stage of commercial production begins at the Samburgskoye field, which belongs to the Russian-Italian company SeverEnergia, in which Gazprom Neft holds a 25% stake. The formation and development of a new production cluster in the Orenburg region continues.

Gazprom Neft ‘s Board of Directors approves the Company’s development strategy, which it has extended to 2025. This builds on the strategy to 2020, which aimed to achieve goals set for the main business segments (hydrocarbon production, refining and sales of petroleum products), taking into account changing conditions in the industry and the global economy. The Company aims to continue actively increasing shareholder value to 2025. The development plans for the marine and aviation fuel business and lubricant production business have also been brought forward to 2025.

Gazprom Neft is the operator of the Prirazlomnoye field in the Pechora Sea, which produced the first oil from the Arctic shelf in December 2013.

A hydroprocessing facility for catalytic gasoline and a light naphtha isomerisation unit comes on stream at Gazprom Neft’s Moscow refinery. This enables the plant to switch entirely to producing Euro-5 grade gasolines. All of the Company’s refineries have now completed the switch over to the Euro-5 standard well ahead of the deadline specified in Russian legislation.

First Oil from Russian Arctic Shelf Loaded

Gazprom Neft is the operator of the Prirazlomnoye field in the Pechora Sea, which produced the first oil from the Arctic shelf in December 2013.

Euro-5 Grade Gasolines

A hydroprocessing facility for catalytic gasoline and a light naphtha isomerisation unit comes on stream at Gazprom Neft’s Moscow refinery. This enables the plant to switch entirely to producing Euro-5 grade gasolines. All of the Company’s refineries have now completed the switch over to the Euro-5 standard well ahead of the deadline specified in Russian legislation.

2012

Leadership in Efficiency

Gazprom Neft holds the leading position in Russia in terms of hydrocarbon production and refining growth rate. It also leads on a number of efficiency metrics. The Company begins pilot oil production at two major new fields in the north of the Yamalo-Nenets Autonomous District:East Messoyakha and Novoportovskoye. The first stage of commercial production begins at the Samburgskoye field, which belongs to the Russian-Italian company SeverEnergia, in which Gazprom Neft holds a 25% stake. The formation and development of a new production cluster in the Orenburg region continues. The Company enters into new projects for the exploration and development of hydrocarbon reserves in Iraq. The Moscow refinery switches to producing environmental grade 4 gasolines, while the Omsk plant begins producing Euro 4 and Euro 5 gasolines and Euro 5 diesel. Gazprom Neft begins the development of a retail network in Europe (Serbia andRomania) under the Gazprom brand.

2011

Production Growth

Gazprom Neft significantly increases production by developing its existing fields more efficiently and acquiring new assets. The Company buys another 5.15% in NIS in Serbia , taking its stake to 56.15%, becomes the sole shareholder in Sibir Energy and acquires its first assets in Orenburg region:the Tsarichanskoye and Kapitanovskoye fields, as well as the eastern part of the Orenburg field. Drilling starts at the Badra field in Iraq

Premium-Class Fuel

The Moscow refinery switches to producing environmental grade 4 gasolines, while the Omsk plant begins producing Euro 4 and Euro 5 gasolines and Euro 5 diesel. Gazprom Neft begins the development of a retail network in Europe (Serbia andRomania) under the Gazprom brand.

2010

Global Oil and Gas Market

Gazprom Neft actively expands its presence in the global oil and gas market. The Company signs a contract to develop the Badra field in Iraq. Gazprom Neft is appointed to lead the Junin-6 project in Venezuela. The Company also continues to enter new fuel markets beyond Russia’s borders, and acquires a retail network of twenty filling stations and nine plots of land in Kazakhstan. The Company further increases its presence in the Russian market by entering into the development of high-potential fields in the north of the Yamalo-Nenets Autonomous District. The licenses for the development of these fields belong to SeverEnergia. In February it completes theacquisition of STS-Service, a subdivision of the Swedish company Malka Oil which operates fields in the Tomsk region.

2009

New Assets

Gazprom Neft increases its resource base and oil refining facilities by acquiring new assets including: Naftna Industrija Srbije (NIS) and a controlling interest in Sibir Energy. The Company also increases its stake in the Moscow oil refinery and obtains access to the Salym fields. In April 2009 the Company completes a transaction to acquire the Chevron Italia S.p.A. lubricants plant in Bari, Italy from Chevron Global Energy. The launch of a large-scale rebranding programme for the Gazpromneft filling station network becomes a key milestone in the Company’s growth.

2008

Projects in Venezuela and Cuba

Gazprom Neft, Rosneft, Lukoil, TNK-BP, and Surgutneftegaz sign a Memorandum of Understanding to begin cooperation and joint participation in projects in Venezuela and Cuba under the National Oil Consortium.

2007

Gazprom Neft Acquires a 50% Stake in Tomskneft (VNK)

To further expand its resource base, Gazprom Neft acquires a 50% stake in Tomskneft (VNK) in December. Tomskneft produces oil and gas in the Tomsk region and the Khanty-Mansi Autonomous District.

Creating Business Units

Subsidiaries are created within the Company for separate business divisions, including Gazpromneft Marine Bunker, Gazpromneft Lubricants and Gazpromneft Aero.

2006

Gazprom Neft Establishes the Subsidiary Gazprom Neft Asia

Gazprom Neft establishes the subsidiary Gazprom Neft Asia, and enters the Central Asia retail market, selling petroleum products in Kyrgyzstan, Tajikistan, and Kazakhstan

2005

Company Is Renamed Joint Stock Company Gazprom Neft

A controlling stake (75.68%) in Sibneft is acquired by Gazprom Group. On 13 May 2006 the Company is renamed Joint Stock Company Gazprom Neft. The Company outlines a strategy to become a global player with a regionally diversified asset portfolio across the whole value chain.

1998-2004

Increasing Assets

The Company expands rapidly, supported by its sound resource base, efficient refineries and professional management. Sibneft’s management works hard modernising production, introducing advanced technology, and optimising business processes.

High Growth Rates

An active asset growth policy enables the Company to significantly expand its operations geographically (including into the Tomsk and Omsk regions) and expand its retail network in Russia (into areas including the Sverdlovsk and Tyumen regions, Krasnoyarsk Territory, Saint Petersburg, and Moscow). The Company’s major acquisitions during this period include the purchase of a 49.9% stake in Slavneft, which produces oil and gas in Western Siberia and Krasnoyarsk Territory.

1996-1997

Russian Government Privatises Sibneft Siberian Oil

In order to develop a market economy, the Russian government privatises Sibneft. In 1996, private investors acquire a 49% stake in Sibneft. In 1997, Finansovaya Neftyanaya Kompaniya (Financial Oil Company) successfully bids for the stake in Sibneft held by the state under the Russian government’s “loans-for-shares” scheme.

1995

Company Is Created

Sibirskaya Neftyanaya Kompaniya (Siberian Oil Company) is created in a decree by the Russian President. The Russian government acts as founder of the Company by contributing the state-held shares in the following major Russian oil enterprises to the corporation’s charter capital: Noyabrskneftegaz, Noyabrskneftegazgeofizika, Omsky Neftepererabatyvayuschiy Zavod (Omsk Oil Refinery) and Omsknefteprodukt.