ENERGY FOR PEOPLE - JSC Gazprom Neft

JSC GAZPROM NEFTANNUAL REPORT2009Contents2 1. MESSAGE TO SHAREHOLDERS8 2. KEY PERFORMANCE INDICATORS10 3. 2009 HIGHLIGHTS16 4. COMPANY’S PROFILE18 COMPANY’S HISTORY19 COMPANY’S STRUCTURE20 GEOGRAPHY OF OPERATIONS30 HIGHLIGHTS OF THE YEAR32 COMPETITIVE STATE OF THE COMPANY36 5. KEY PERFORMANCE INDICATORS OF THE COM-PANY IN 2009 BY TYPE OF OPERATION38 OIL AND GAS EXPLORATION AND PRODUCTION40 RESOURCE BASE40 EXPLORATION41 LICENSING42 HYDROCARBON PRODUCTION44 REFINERIES & MARKETING REGIONS46 REFINING48 PRODUCTION OF PETROLEUM PRODUCTS52 PREMIUM BUSINESS SEGMENTS54 6. COMPANY’S GROWTH PROSPECTS60 7. INVESTMENT: TECHNICAL REEQUIPMENT ANDDEVELOPMENT OF THE COMPANY110 11. ENVIRONMENT, ENERGY SAVING, INNOVATION122 12. SOCIAL POLICY124 PERSONNEL, OCCUPATIONAL SAFETY ANDHEALTH128 13. To SHAREHOLDERS AND INVESTORS130 AUTHORIZED CAPITAL, SHAREHOLDER CAPITALSTRUCTURE130 STOCK MARKET AND CAPITALIZATION132 PARTICIPATION IN THE DEPOSITARY RECEIPTPROGRAM134 DIVIDEND HISTORY135 OBSERVING THE CORPORATE CODE OF CON-DUCT138 14. MAJOR TRANSACTIONS AND RELATED PARTYTRANSACTIONS144 15. ASSET MANAGEMENT AND IMPROVEMENT OFCORPORATE STRUCTURE148 16. CREDIT RATINGS AND DEBT PORTFOLIO MAN-AGEMENT154 17. GLOSSARY OF KEY TERMS AND DEFINITIONS156 18. ADDRESSES AND CONTACTS64 8. PERFORMANCE AND FINANCIAL INDICATORS66 PERFORMANCE AND FINANCIAL INDICATORS70 Management’s Discussion and Analysisof Financial Condition and Results ofOperations for 2009, 2008 and 200786 9. MAJOR RISK FACTORS94 10. Corporate Governance102 BOARD OF DIRECTORS’ ACTIVITIES IN 2009104 MEMBERSHIP OF THE MANAGEMENT BOARD108 TOTAL AMOUNT OF REMUNERATION TO MEM-BERS OF THE BOARD OF DIRECTORS ANDMANAGEMENT BOARD1