Exports of Crude Oil & Petroleum Products Oil

Gazprom Neft is a major exporter of crude oil and petroleum products. Main export routes are via Novorossiysk and Tuapse seaports on the Black Sea, the Baltic port of Primorsk, and through the Druzhba pipeline to the Czech Republic and Germany.

Gazprom Neft Group exported 13.1mn tofcrude oil in2011, which is2.8mn tor17.9% less than in2010. The decline was due to6.8% increase ofcrude oil refining bythe Companys refineries in2011 compared to2010.

Exports toCIS countries decreased by0.9% to2.99mn tofcrude oil, causing anequal decline inrevenue from these exports.