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History of SLAVNEFT

Oil and Gas Company SLAVNEFT was established on August 26, 1994 under RF Government Ordinance No.305 dated April 8, 1994 and Regulation of the Council of Ministers of the Republic of Belarus (RB) No.589-р dated June 15, 1994. The key founders of SLAVNEFT were the State Property Committee of the Russian Federation and the State Property Ministry of the Republic of Belarus with 86.3% and 7.2% of initial allocation in the Company's equity, respectively.

In November 2002, the RB Government sold the block of SLAVNEFT’s shares equal to 10.83% and held by the Republic of Belarus. On December 18, 2002, SLAVNEFT’s federally owned block of shares making 74.95% of the Company’s equity was sold at the auction in Moscow.

At present, the Company’s equity makes 4,754,238 rubles and is divided into 4,754,238,000 ordinary shares with the nominal value of 0.1 kopeck each. Rosneft and Gazprom Neft control 99.7% of SLAVNEFT’s shares on a par.

To date, SLAVNEFT is among the largest top ten oil companies of Russia. The Holding’s vertically integrated structure ensures the full operational cycle – from exploration and hydrocarbons production to refining. SLAVNEFT holds licenses for exploration and oil and gas production at 34 license areas located in West Siberia and East Siberia.

One of SLAVNEFT’s strategic goals is development of the Kuyumbinskoye field in the Krasnoyarsk region; this field is unique in the reserves volume and reservoir complexity. OOO Slavneft-Krasnoyarskneftegaz (Company’s Subsidiary) develops the Kuyumbinskoye field. In 2017, the Enterprise commenced the hydrocarbons delivery in the system of the Kuyumba-Taishet oil trunk line.

The Company’s key oil production enterprise is OAO Slavneft-Megionneftegaz (OAO SN-MNG). OAO SN-MNG operates at the Megionskoye, Aganskoye, Vatinskoye, Tailakovskoye and other fields located in the Nizhnevartovsk, Surgut, Nefteyugansk regions of the Khanty-Mansi Autonomous Area – Yugra.

Produced oil is delivered to the system of PJSC Transneft oil trunk lines for further transportation to Russian refineries and for export.

The Company’s refining enterprises (OAO Slavneft-YaNOS and OAO Mozyr Refinery) possess significant production capacities and state-of-the-art process units that allow manufacturing high-quality products compliant with the international standards.

The business strategy implemented by SLAVNEFT is focused on ensuring sustainable development of the oil production and refining capacities. At present, Company’s key targets are to stabilize the oil production rate, proceed with upgrading of the process units, restructure the business, develop the effective interaction model for the Holding’s enterprises, decrease expenses and improve the operational performance efficiency.

 
Structure of SLAVNEFT's equity ownership as of 07.05.2018:
 
OOO Invest Oil: 86.5342 %;
OOO GPN-Invest: 6.5863 %;
ТОС Investments Corporation Limited: 6.6640 %.