Search

 
 



1. Geological exploration & production of crude oil & gas
Path: EVENTS 2011 / GEOLOGICAL EXPLORATION & PRODUCTION OF CRUDE OIL & GAS

... proven hydrocarbon reserves under PRMS-SPE classification, mn TOE REVIEW OF RESERVES Source: INFOTEK download xls During the reporting period, 25 prospecting and exploration wells were completed in license areas owned by Gazprom Neft and its fully controlled... ... Badra field is expected to last 20 years, and may be extended for a further five years. It is expected that peak production of about 170,000 bbl per day will be reached in 2017. Results from the drilling of pilot wells will give us a better understanding...


2. Oil refining
Path: EVENTS 2011 / OIL REFINING

... a project to build deep refining facilities. Production of bituminous polymer materials was launched at the Omsk Refinery in the reporting year. Projects in hand at the Moscow Refinery in 2011 included construction of an isomerization unit and equipment for... ... download xls Moscow Refinery. The Moscow Refinery is a leader in production of high-octane gasoline and diesel fuels, and covers about 40% of the petroleum products needs of the city of Moscow and the surrounding Region. The refinery’s main products are automotive...


3. Sales of Petroleum Products
Path: EVENTS 2011 / SALES OF PETROLEUM PRODUCTS

... continuing to grow at approximately the same rate until 2020, while the share of CNG in fuel sales is expected to rise from 0.3% to about 2.2%. Gazprom Neft was offering fuel gas at 131 multi-fuel filling stations by the end of 2011. Retail sales of LPG during... ... Company’s target production and sales figures for petroleum products. In 2011, the Company organized automated data transmission to report off-exchange transactions with its tradable commodity products in conformity with the Russian Government Decree of January 10...


4. Premium Business Segments
Path: EVENTS 2011 / PREMIUM BUSINESS SEGMENTS

... fuels, and lubricants) for marine and river fleets. The Company holds a leading position in the Russian bunkering market, and about 90% of the Company’s customers are foreign ship owners. Gazprom Neft Marine Bunker has five regional offices and two subsidiaries... ... tracks with pump units, warehouses, treatment facilities, as well as the administrative and laboratory building. Also in the reporting year, the first phase of a lubricant packaging facility was launched in Omsk, rated for annual output of 180,000 t....


5. Forward-looking Statements
Path: MD&A / FORWARD-LOOKING STATEMENTS

This Report contains forward-looking statements concerning the financial position, operating results and business of Gazprom Neft and... ... materially from those stated explicitly or implicitly in this Report. Forward-looking statements include, among others, assertions about potential exposure of Gazprom Neft to market risks, and the expectations, beliefs, estimates, forecasts, projections and...


6. Environmental Safety
Path: Social Responsibility / ENVIRONMENTAL SAFETY

... mechanism in Russia, from the Russian national register to that of another country. This occurred when the Company transferred about 295,000 ERUs, obtained between August and December 2009, from the Russian Carbon Unit Registry to Japan’s National Carbon... ... of work to reclaim land used for sludge storage. The HSE activities of Gazprom Neft are described in detail in the Company’s 2011 Report on Sustainable Development.


7. Interaction with Shareholders & Investors
Path: Shareholder Information / Interaction with Shareholders & Investors

... on a regular basis. Since 2008, Gazprom Neft has published quarterly MD&As as an attachment to its US GAAPcompliant financial reports. Since 2009, the Company has published statistical reference books (Databook and Datafeed) to assist in-depth analysis... ... investors and shareholders on a regular basis in order to promote awareness, and participates in all major investment conferences. About 300 meetings were held during 2011 and the Company’s investor relations unit attended 17 investment conferences. Every...


8. KEY INFORMATION
Path: MD&A

This report offers a review of Gazprom Neft’s financial position as of December 31, 2011, and should be examined together with the... ... materially from those stated explicitly or implicitly in this Report. Forward-looking statements include, among others, assertions about potential exposure of Gazprom Neft to market risks, and the expectations, beliefs, estimates, forecasts, projections and...


9. Information about changes in the constitution of the Company’s Board during the reporting year
Path: Corporate Governance /  INFORMATION ABOUT CHANGES IN THE CONSTITUTION OF THE COMPANY’S BOARD DURING THE REPORTING YEAR

... Gazprom Neft operating regions (Zenit Soccer Club, and SKA Ice-Hockey Club). As a tool that aims to keep Directors informed about the Company’s operating results, the Articles and Regulationa concerning the Management Board of Gazprom Neft require that the Directors should receive quarterly MD&A reports.


10. The internal audit department
Path: Corporate Governance /  THE INTERNAL AUDIT DEPARTMENT

... audit service, interaction with the issuer’s Management Board and the Board (Supervisory Council): the Internal Audit Department reports directly to the Company’s CEO. The Board of Directors coordinates appointment (and subsequent resignation) of the head... ... Department reports on a regular basis to the Gazprom Neft Board of Directors and also presents information to the Audit Committee about material non-compliance found during inspections of financial and business activities at the Company.