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

InSeptember 2009, the Board ofDirectors ofGazprom Neft approved adevelopment strategy for the Companys exploration and production business, which istargeting anincrease ofannual hydrocarbons... ... peak production ofabout 170,000 bbl per day will bereached in2017. Results from the drilling ofpilot wells will giveus abetter understanding ofthe fields geological structure, allow preparation ofthe final development plan and enable commercial...


2. Oil refining
Path: EVENTS 2011 / OIL REFINING

... Company refineries must also achieve international technology standards, including standards that regulate environmental protection and safety. Since 2009, the Company has had aprogram toupgrade and retrofit refining capacity and tobuild new units... ... commission refining for third parties), which is17% less than the last year indicators. This decrease isattributable toplanned repairs atPanchevo Refinery. Structure of Gazprom Nefts petroleum product outputs, mn t Source: Company data download xls...


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

... sub-segment inour petroleum product business: aviation fuel; lubricants; bituminous materials; petrochemicals; and bunkering. Strategic development plans for each ofthese sub-segments should lead toadoubling ofsales by2020 Key tasks for our product business... ... facilities, the Company can maintain regular supplies ofaviation fuel toairports, supply highquality fuels, use up-to-date aircraft-refueling technologies, and thus ensure flight safety. Since 2008, Gazprom Neft-Aero has been adesignated strategic partner...


4. Key Risk Factors
Path: MD&A / KEY RISK FACTORS

... of high-tech equipment; Purchase of existing retail chains and of land to build new retail outlets; Expanding sales markets and sales volumes. Management implements aportfolio ofstrategic projects for development ofGazprom Nefts business inmain... ... toorpollution ofthe natural environment. This may give rise tocivil law liability and require action toeliminate such damage. The Company isfully aware ofits responsibility before the public, and its obligation toensure safe working conditions...


5. Environmental Safety
Path: Social Responsibility / ENVIRONMENTAL SAFETY

... Company data download xls Number of road accidents, acc Source: Company data download xls Financial costs to ensure ecological safety, mn RUB Source: Company data download xls Breakdown of spending on environmental safety in 2011 Source: Company data download... ... monitoring ofthe environmental situation, handle industrial and consumer waste, train and re-train specialists, and for other environment-related activities. Development ofexisting facilities, commissioning ofnew fields and acquisition ofnew production...


6. Compliance with the code of corporate conduct
Path: Shareholder Information / COMPLIANCE WITH THE CODE OF CORPORATE CONDUCT

... ofthe Companys governance bodies isclearly regulated incorporate documents. The Company observes international standards ofsocial responsibility; objectives inthe social sphere are integrated into the Companys long-term strategy Gazprom Neft has prepared and published sustainable development reports over anumber ofyears. The Company implements large-scale programs toimprove industrial...