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SLAVNEFT's background

Oil and Gas Company SLAVNEFT (further - 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, the State Property Ministry of the Republic of Belarus and approximately 4,000 individuals.

In November 2002, the RB Government sold the 10.83% block of SLAVNEFT’s shares held by the Republic of Belarus. Pursuant to Decree No.1422-p of the Russian Federation Government dated October 9, 2002, 74.95% of the Company’s shares were sold at the auction on December 18, 2002.

At present, SLAVNEFT’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 99.8% of the Company’s shares on a par.

SLAVNEFT is among the largest top ten oil companies of Russia in terms of crude oil production. The Holding’s vertically integrated structure ensures the full operational cycle – from exploration and hydrocarbons production to refining. SLAVNEFT holds licenses for exploration, oil and gas production in 35 license areas located in West Siberia and East Siberia.

SLAVNEFT produces the main quantities of raw hydrocarbons in Khanty-Mansi Autonomous Area – Yugra, where PJSC Slavneft-Megionneftegaz (PJSC SN-MNG, Company’s Subsidiary) performs its operational activity. The Enterprise develops the Megionskoye, Aganskoye, Vatinskoy, Tailakovskoye fields and a number of other fields in the Nizhnevartovsk, Surgut and Nefteyugansk regions of the Autonomous Area. Produced oil is delivered to the system of PJSC Transneft oil trunk pipelines for further transportation to Russian refineries and for export.

Development of the East Siberian resource potential is an important focus of the SLAVNEFT development strategy. OOO Slavneft-Krasnoyarskneftegaz and OOO Baikit Oil & Gas Exploratory Expedition (OOO BNGRE) being part of the Holding explore, prospect and produce hydrocarbons in this region.  At present, main operational facilities of the above Enterprises are concentrated in the Kuyumbinskoye field and Yurubcheno-Tokhmoskoye field of the Krasnoyarsk region. Commercial oil is delivered to the system of the Kuyumba-Taishet oil trunk pipeline.

The SLAVNEFT refining complex includes two large enterprises – Slavneft-YANOS PJSC (Yaroslavl region, Russian Federation) and OAO Mozyr Refinery (Gomel region, Republic of Belarus). Company’s Refineries manufacture the products, which conform to the international standards, due to the developed operational infrastructure, up-to-date process equipment, and application of the latest achievements in refining.

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

SLAVNEFT shareholding structure (as of December 31, 2020):
  • OOO Invest-Oil: 86.5859%;
  • OOO GPN-Invest: 6.5863 %;
  • ТОС Investments Corporation Limited: 6.6640 %.