BUSINESS MODEL

PRODUCTION

OIL FIELD

REFINING

SALES OF PETROLEUM PRODUCTS

LUBRICANTS

EXPORTS

AIRCRAFT REFUELLING

SHIP BUNKERING

OTHER ACTIVITIES

COMPANY’S INTERNATIONAL ACTIVITY

MULTIBUSINESS COMPANIES

JOINT VENTURES

Gazprom Neft is a vertically integrated oil company, whose main activities include hydrocarbon field exploration and the production and sale of crude oil and gas, as well as the production and sale of petroleum products. The Company is focused on growing its business by expanding its resource base, stimulating production and modernising its refining facilities.

PROSPECTING AND PRODUCTION

Thanks to the optimisation of its existing fields, the active implementation of new technology and the expansion of its asset portfolio, Gazprom Neft’s total production rose by 4.3% in 2013, to 62.26 million tonnes of oil equivalent.

The Gazprom Neft Group’s proven hydrocarbon reserves as of 31 December 2013 were 1.34 billion TOE, an 11.9% year-on-year growth.

Hydrocarbon production, million TOE

OIL REFINING

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 refining complex of NIS, a Serbian company. The oil refining volume in 2013 was 42.63 million tonnes. In 2013, all the Company’s refineries switched over to production of Euro 4 and Euro 5 fuels.

Crude oil refining by the Company’s refineries, million tonnes

SALES OF PETROLEUM

One of the Company’s key business lines is the development of its filling stations, building on one of the most developed sales networks in Russia. In 2013, the Company reinforced its position further in the retail petroleum market when it became the largest supplier of light petroleum products in its operating regions, with a 21% share. The Company’s filling station chain comprises 1,747 filling stations in Russia, CIS and the Eastern Europe. At the beginning of 2014, the number of Gazprom Neft filling stations in Russia and CIS was 1,339. Sales of petroleum products via Russian filling stations grew by 11%, to 7.3 million tonnes. The average daily sales of petroleum products per filling station in the country reached 19 tonnes per day, and increased by 7.8%.

Sales of automotive fuel via the filling station chain in Russia and CIS, million tonnes

PREMIUM BUSINESS SEGMENTS

Gazprom Neft has clear goals to increase the petroleum product sales efficiency for each sub-segment of its petroleum product business: aviation fuel sales, ship bunkering, production and marketing of lubricants, bitumin, and petrochemicals.

Comprising 38 own fuelling complexes in Russia and CIS, Gazpromneft-Aero has the largest sales network among Russian vertically integrated oil companies and is the uncontested leader in Russia for aviation fuel retail sales.

Gazpromneft Marine Bunker has an 18.6% share of the Russian bunker market. In 2013, ‘direct-to-ship’ sales of fuel rose by 28% and reached 2.3 million tonnes.

Excluding the sales of bitumen products and petrochemicalsSales of petroleum products in premium business segments, million tonnes