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History of OAO NGK Slavneft

Open Joint-Stock Oil and Gas Company Slavneft (OAO NGK 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. Now, 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 processing. Slavneft holds licenses for exploration and oil and gas production at 33 license areas located in West Siberia and East Siberia.

Development of the Kuyumbinskoye field, which is unique in part of the reserves volume and located in the Krasnoyarsk region, is one of the important strategic objectives for Slavneft’s development. In 2010, the field was brought into pilot production that is now performed by OOO Slavneft-Krasnoyarskneftegaz (Company’s Subsidiary).

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 producing about 1.2 mln tons of hydrocarbons every month. The annual output of all the Holding’s enterprises is approximately 15 mln tons of crude oil.

The oil produced (excluding export crude) is delivered to OAO Slavneft-YaNOS and OAO Mozyr Refinery where it is processed. The Company’s refining enterprises possess significant production capacities and state-of-the-art equipment 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 pattern for the Holding’s enterprises, decrease expenses and improve the operational performance efficiency.
 
 
Shareholders owing at least 5% of Slavneft’s equity (as of September 30, 2017):

OOO Invest-Oil: 86.5342 %;

VARDEZ HOLDINGS LIMITED: 6.5863 %;
OOO GPN-Invest: 6.5863 %.