Public Joint Stock Company Gazprom Neft is a vertically integrated oil and gas company headquartered in St. Petersburg, Russia. Established in 1995 as part of the Gazprom Group, it has grown into one of Russia’s leading producers of crude oil and petroleum products. Over its history, the company has expanded both through organic development of new fields and strategic acquisitions, positioning itself as a major player in upstream, midstream and downstream activities.
In its upstream segment, Gazprom Neft focuses on the exploration and production of oil and associated gas. The company operates onshore and offshore fields, deploying advanced drilling technologies and reservoir management practices to maximize recovery. Key assets include long-lived fields in Western Siberia, the Timan-Pechora region and the Yamal Peninsula, where Gazprom Neft invests in innovative solutions such as horizontal drilling and enhanced oil recovery techniques.
The downstream operations encompass refining, petrochemicals and retail marketing services. Gazprom Neft owns and operates several large refineries in Russia, converting crude oil into a wide range of products, including gasoline, diesel, jet fuel and lubricants. The company has also developed a network of filling stations under its own brand, serving millions of customers across Russian regions. In parallel, Gazprom Neft’s petrochemical business produces high-value polymers and chemical feedstocks for both domestic consumption and export markets.
Gazprom Neft’s international footprint extends beyond Russia, with projects in South America, North Africa and Central Europe. The company engages in joint ventures and partnerships to develop production assets abroad, reflecting its strategy to diversify geographic risk and leverage global opportunities. Governance is overseen by a board of directors chaired by Igor Sechin, while operational leadership is provided by Chief Executive Officer Alexander Dyukov. Together, they pursue a commitment to sustainable development, technological innovation and efficiency across all business segments.
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