Gazprom Neft

Gazprom Neft

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Gazprom Neft

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Description:
Gazprom Neft (, , , ) () is the fifth largest oil producing and refining company in Russia. It's the oil arm of Gazprom, which owns 80% of Gazprom Neft's shares.

Gazprom Neft's central office is located in Moscow; however, the company is already registered in St. Petersburg where it also has an office. Upon the completion of their new office building, known as Gazprom City in St. Petersburg, Gazprom Neft is going to move its headquarters to Saint Petersburg in the near future. It is currently the largest employer in Omsk and Noyabrsk.

History

Gazprom Neft was created under the name Sibneft () in 1995 by Presidential Decree №872, issued on 24 August 1995. A government resolution was signed on 29 September, and the State Property Committee on 11 October ordered that the state's shares in oil producing enterprise Noyabrskneftegas, the Omsk Refinery, exploration enterprise Noyabrskneftegasgeophysica and marketing company Omsknefteprodukt all be transferred to Sibneft.

Sibneft initially combined Russia's largest oil refining complex in Omsk (dba Omsky NPZ), an oil and gas production enterprise based in the city of Noyabrsk in the Yamal-Nenets autonomous district (Noyabrskneftegas), a geological exploration enterprise and an oil products distribution network.

In 1996 and 1997, Sibneft was privatised through a series of loans-for-shares auctions, and Roman Abramovich and Boris Berezovsky acquired it for US$100 million, after bidding through several front companies which they had...
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