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

In September 2009, the Board of Directors of Gazprom Neft approved a development strategy for the Company’s... ... Geological exploration Changes in proven hydrocarbon reserves under PRMS-SPE classification, mn TOE REVIEW OF RESERVES Source: INFOTEK download xls During the reportin... ... signed a contract with the Iraqi government to develop the Badra field as a member of a consortium with government-owned oil companies from other countries — Kogas (Korea...


2. Oil refining
Path: EVENTS 2011 / OIL REFINING

Volume of refining, mn t Source: Company data download xls The Company’s strategic goals in the refining sector are: raising annual refining in Russia... ... 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 Refiner... ... and petroleum product output by Gazprom Neft Moscow Refinery, mn t Source: Company data download xls Moscow Refinery. The Moscow Refinery is a leader in production of high-octan...


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

On November 18, 2009, the Company’s Board of Directors approved a marketing strategy for petroleum product... ....3%. Sales forecasts show LPG sales 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 abou... ... exchange sales of petroleum products in 2011 was as follows: gasoline (303,000 t), diesel fuel (1.336 mn t), fuel oil (668,000 t), aviation fuel (228,000 t) and aromatics (...


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

... bituminous materials; petrochemicals; and bunkering. Strategic development plans for each of these sub-segments should lead to a doubling of sales by 2020 Key tasks for our produc... ... year-round supplies of petroleum products (fuel oil, motor fuels, and lubricants) for marine and river fleets. The Company holds a leading position in the Russian bunkerin... ... output capacity of 40,000 t of packaged products — motor, transmission, industrial oils and technical liquids. The plant comprises a high-precision mixing workshop, oil...


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 its consolidated... ... explicitly or implicitly in this Report. Forward-looking statements include, among others, assertions about potential exposure of Gazprom Neft to market risks, and the expectation...


6. Environmental Safety
Path: Social Responsibility / ENVIRONMENTAL SAFETY

... of organizational and technical measures that are designed to consistently reduce negative impact on the natural environment. The measures are based on global best practice and ar... ... Protocol 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 Augus... ... land reclamation. The document should enhance the efficiency and quality of work to reclaim land used for sludge storage. The HSE activities of Gazprom Neft are describe...


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

The Company places great emphasis on interaction with its current and prospective shareholders... ... 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 book... ... 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 relation...


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 Company’s financial statements and related explanations, prepared... ... to differ materially from those stated explicitly or implicitly in this Report. Forward-looking statements include, among others, assertions about potential exposure of Gazpro...


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

From January 1, 2011 and until the date of the Annual General Meeting held on June 09, 2011, the Board of Directors... ... 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 Regulation... ... 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

Conduct of internal audits, including: Confirming the accuracy of the Company’s financial accounts; Evaluating the efficiency of 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 appointmen... ... 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 busines...