About Public Joint Stock Company Gazprom Neft

Public Joint Stock Company Gazprom Neft operates as a vertically integrated oil company in the Russian Federation, CIS and internationally. The company engages in the exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and marketing operations through its retail outlets. The company engages in exploration and production projects in Angola, Bosnia and Herzegovina, Hungary, Iraq, Romania, Serbia, and Venezuela. The company holds exploration rights to approximately 90 license blocks. The company offers a range of oil products, for various applications, including motor fuel; fuel cards; aviation fuel; lubricants; bunkering; bitumen products; and other oil products. Segments The company operates through two segments: Upstream and Downstream. Upstream segment (exploration and production) includes the exploration, development, production and sale of crude oil and natural gas (including joint ventures results), oil field services. Downstream segment (refining and marketing) processes crude into refined products and purchases, sells and transports crude oil and refined petroleum products. Investments in Associates and Joint Ventures PJSC NGK Slavneft and its subsidiaries (Slavneft) engage in exploration, production and development of crude oil and gas and production of refined petroleum products. The control over Slavneft is divided equally between the company and PJSC NK Rosneft. CJSC Northgas (Northgas) engages in the development of Severo-Urengoiskoe natural gas and oil field. The company’s investment in Northgas is held through Gazprom Resource Northgas LLC which is controlled by it and owns a 50% share in Northgas. Th control over Northgas is divided equally between the company and PJSC NOVATEK. JSC Messoyakhaneftegas (Messoyakha) is developing the Vostochno-Messoyakhskoe and Zapadno-Messoyakhskoe oil and gas condensate fields. The control over Messoyakha is divided equally between the company and PJSC NK Rosneft. Dispositions In 2018 the company completed deal on disposal of non-controlling interest equal to 49% of Gazpromneft-Vostok LLC to third parties. History Public Joint Stock Company Gazprom Neft was founded in 1995. It was incorporated in 1995.