ENERGY FOR PEOPLE - JSC Gazprom Neft

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4COMPANY’S PROFILEEnergy for lifeENERGY FOR PEOPLECOMPANY’SPROFILE ** In this report such terms as “Gazprom Neft”,“the Company”, and “Group” in different variantsrefer to JSC Gazprom Neft, its consolidatedsubsidiaries and affiliates.COMPANY’S HISTORYEvery year Gazprom Neft significantlyincreases its size and strengthens itspositions in the oil and gas sector bothin Russia and abroad.1995Open Joint Stock Company SiberianOil Company was established undera Decree of The President of theRussian Federation № 872 «OnEstablishment of Open Joint StockCompany Siberian Oil Company,»dated August 24, 1995, andResolution of the Government ofthe Russian Federation № 972 «OnOrganization of Open Joint StockCompany Siberian Oil Company,»dated September 29, 1995. Actingas the Company's founder, the Statepassed on the government stake inthe biggest oil industry enterprisesof Russia: OJSC Noyabrskneftegaz,OJSC Noyabrskneftegazgeophysica,OJSC Omsk Refinery, and OJSCOmsknefteproduct, to the authorizedcapital of the holding. The Companywas registered on October 6, 1995.1996–1997Plan of privatization of Sibneftwas implemented by the RussianGovernment with the purpose ofdeveloping the market economy.At auctions in 1996 private investorsbought some 49% of Sibneft’s shares.In 1997 under the governmentalprogram “Shares for Loans” theFinancial Oil Company won the auctionto purchase the State-owned sharein Sibneft.1998–2004Good resource potential, effectiveraw material processing capacity andprofessional management ensureda high rate of Company development.The management of Sibneft dida great deal to modernize production,introduce the latest technology andoptimize business processes. Thanksto the implementation of a proactivepolicy aimed at increasing assets thegeography of production expandedsignificantly (Tomsk Region, OmskRegion, and Chukotka AutonomousDistrict) and the sales network inRussia’s regions was also expanded(Sverdlovsk Region, Tyumen Region,the Krasnoyarsk Krai, Saint Petersburg,Moscow). One of the major purchasesof the Company during this period wasthe purchase of 49.9% of shares of JSCNGK Slavneft that produces oil and gasin Western Siberia and the KrasnoyarskKrai.2005A controlling interest in the JSC Sibneft(75.68%) was bought by GazpromGroup and subsequently on May 13,2006 the Company's name has beenchanged to the Joint Stock CompanyGazprom Neft. The strategic objectivesof the Company were to ensure theposition of a global company that hasregionally diversified assets along theentire revenue chain.2006Gazprom Neft entered the retailmarket of Central Asia by settingup an affiliate Gazprom Neft Asiato sell petroleum products of theCompany in Kyrgyzstan, Tajikistan,and Kazakhstan. The same year theCompany for the first time joined,as a shareholder, an internationalpipeline project of state significance;specifically the construction of theBurgas-Alexandroupolis Transbalkan OilPipeline jointly with JSC OC Rosneft andJSC Transneft.2008JSC Gazprom Neft completed theownership structure of Joint StockCompany Moscow Refinery. The projectpartners — JSC Gazprom Neft andJSC Moscow Oil and Gas Companyestablished on a parity basis a companycalled Moscow NPZ Holdings B.V.contributing to its authorized capital90.01% of voting shares or 77.25% ofthe authorized capital of the MoscowRefinery. Gazprom Neft and MNGKcame to an agreement to jointlymanage the Moscow Refinery andmake all decisions on a parity basis.2009Gazprom Neft expanded its presencein the global market — some of thehighlights of the year are summarizedbelow:AAAcquiring 51% of shares of NaftnaIndustrija Srbije (NIS);AAConsolidation of its controlling stakein Sibir Energy that ensured increasein oil production and growth ofeffective ownership ratio of theMoscow Refinery up to 59.75%;AAAcquiring 100% of the Chevron ItaliaS.p.A. oils and lubricants producingplant in the city of Bari (Italy) fromChevron Global Energy;AASigning a Memorandum ofUnderstanding with the NationalIranian Oil Company (NIOC) that18
JSC GAZPROM NEFTANNUAL REPORT2009envisages cooperation in thedevelopment of oil fields in Iran;AALaunch of a large-scale rebrandingprogram for the filling stations of theCompany. The new brand of thechain of filling stations was named“Gazprom Neft”;AAAcquiring STS Service company —a production affiliate of Sweden’sMalka Oil that develops sites that aregeographically close to the fields ofGazprom Neft-Vostok in the TomskRegion;AAIn December the Company acted asthe major member of the consortiumfor the development of the Badra fieldin Iran with the reserves of 2 billionbarrels of oil.Every year Gazprom Neft significantlyincreases its size and strengthens itspositions in the oil and gas sector bothin Russia and abroad.COMPANY’S STRUCTUREGazprom NEFTProduction Oil Service and Exploration MARKETINGOJSC Gazprom Neft-NoyabrskneftegasGazprom Neft-Khantos LLCGazprom Neft-Vostok LLCArchinskoye LLCOJSC MeretoyakhaneftegazSibneft-Yugra LLCSevernaya Taiga – Neftegaz LLCZapolyarneft LLCGazprom Neft-Yamal LLCGazprom Neft-Angara LLCGazprom Neft-Sakhalin LLCRefiningOJSC Gazprom Neft-Omsk RefineryGazprom Neft-Lubricants LLCGazprom Neft Lubricants Italia S.p.A.OJSC Moscow RefineryCrude ExportsGazprom Neft Trading GmbhJoint Ventures:SlavneftTomskneftMultibusiness Companies:«Naftna Industrija Srbije» (NIS)Sibir Energy Plc.Gazprom Neft-Nefteservice LLCOJSC Gazprom Neft NNGFKapitalny Remont Skvazhin – Service LLCSpetstransservice LLCNoyabrskneftegazsvyaz LLCNoyabrskteploneft LLCRMZ Gazprom Neft – Omsk Refinery LLCNoyabrskneftespetsstroy LLCNoyabrskenergoneft LLCNoyabrskEPUService LLCService Drilling Company LLCNeftekhimremont LLCOOO YamalServiceTsentr (LLC)Muravlenkovskaya TransportnayaKompaniya LLCNoyabrskneftegazproekt LLCYamalenergoremont LLCNoyabrskneftegazavtomatika LLCAvtomatika Service LLCServisnaya Transportnaya Kompaniya LLCNoyabrskaya Tsentralnaya TrubnayaBaza LLCOther OperationsGazprom Neftfinance LLCGazprom Neftenergo LLCGazprom Neft – ZS LLCGazprom Neft – NTTS LLCGazprom Neft – Invest LLCGazprom Neft Business Service LLCCJSC Social and Business Center OkhtaComplex Galernaya 5 LLCOJSC Gazprom Neft-OmskCJSC Gazprom Neft-KuzbassOJSC Gazprom Neft-AltaiGazprom Neft-Tsentr LLCCJSC Munai-MyrzaGazprom Neft Marine Bunker LLCGazprom Neft Asia LLCOJSC Gazprom Neft-TyumenGazprom Neft-Tsentr LLCGazprom Neft-Chelyabinsk LLCGazprom Neft-Krasnoyarsk LLCOJSC Gazprom Neft-UralCJSC Gazprom Neft-AeroCJSC Gazprom Neft-AeroCJSC Gazprom Neft-Severo-ZapadGazprom Neft-Kaluga LLCOJSC Sibneft-YaroslavnefteproductOJSC Gazprom Neft-NovosibirskCJSC Gazprom Neft-NoyabrskGazprom Neft-Aero Murmansk LLCGazprom Neft-Tajikistan LLCGazprom Neft-Kazakhstan LLPAlliance Oil Asia LLCGazprom Neft-Shipping LLCGazprom Neft-Resurs LLCGazprom Neft-Nizhniy Novgorod LLCGazprom Neft-Belnefteprodukt LLCCJSC Gazprom Neft-Mobilnaya KartaOJSC Gazprom Neft-Yaroslavl19
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9MAJOR RISKFACTORS
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ENERGY FOR LIFEENERGYFOR PEOPLE
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11ENVIRONMENT, ENERGY SAVING,INNOVA
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12SOCIAL POLICYEnergy for lifeENERG
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SOCIAL POLICYEnergy for lifeENERGY
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13TO SHAREHOLDERSAND INVESTORSEnerg
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14MAJORTRANSACTIONSAND RELATEDPARTY
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The Annual Report uses photographso
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