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Gazprom neft BOD considered strategy.

Gazprom neft BOD considered realization of the strategy, the company informed. The long term development stipulates 100mln t/y in the crude extraction by 2020.

The refining depth is assumed to gain 40mln t/y.
The Company relies to obtain excess to the refining capacities abroad in the volume of 25.30mln ton/y.

By 2025 the Company relies to keep up to 100mln ton of oil equivalent in the output and to reach 95% in the refining depth.

The future priorities include development of hard-for-extraction fields, development of the advanced technologies, realization of shelf projects etc.

Gazprom neft (TIN 5504036333) is ranked as the 5th oil producer by the crude output in Russia. The Company and its subs keep 61 licenses on the development of the oil fields. It has 4.5bn barrels in reserves. The major holder is Gazprom.

The 2013-net profit at Gazprom neft reached 67.14bn rub. (RAS) which si 21% below prior year figures (85.505bn rub.); revenues climbed up 4% to 1.178tril rub. from 1.113tril rub.; pretax profit being down 15% to 82.089bn rub.

The 2013 net profit as of the holders (IAS) increased 0.9% to 177.917bn rub.; revenues declined 1% to 1.504tril rub. from 1.519tril rub.; corrected EBITDA rose 4.2% to 336.752bn rub. from 323.106bn rub.

"AK&M", 03.06.2014


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