Surgutneftegas

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Surgutneftgaz
ОАО «Сургутнефтегаз»
Type Public (OAO)
Traded as MCXSNGS
LSESGGD
Industry Oil and gas
Founded 1993 (1993)
Headquarters Surgut, Russia
Key people Vladimir Erokhin (Chairman)
Vladimir Bogdanov (CEO)
Products Petroleum
Natural gas
Oil products
Revenue Increase US$ 27.4 billion (2012)
Net income Increase US$ 5.9 billion (2012)
Employees 92,935
Subsidiaries Kinef
Website www.surgutneftegas.ru/en/

Surgutneftegaz (Russian: ОАО «Сургутнефтегаз») is a Russian oil and gas company. It was created in 1993 by merging several previously state-owned companies owning large oil and gas reserves in Western Siberia. The company's headquarters are located in Surgut, Tyumen Oblast.

The company is believed to have close ties to the Kremlin under Vladimir Putin.1 Surgutneftegas includes a large oil refinery in Kirishi, Leningrad Oblast, operated by the Kirishinefteorgsintez subsidiary. The company is also engaged in fuel retail activities in north-west Russia by cooperating with the Petersburg Fuel Company. Surgutneftegas is also a shareholder of Oneximbank. From the beginning Surgutneftegas has been led by president and director general Vladimir Bogdanov, who had run the Surgut oil fields since 1983.

History

Surgutneftegas was created in 1993. In 1995, the company won a tender for huge oil fields in the Khanty–Mansi Autonomous Okrug. The company also gained permission to build an export terminal in the Batareynaya Bay of the Gulf of Finland and a pipeline between it and the Kirishi refinery.

Surgutneftegas was widely believed to be behind Baikalfinansgrup which acquired YUKOS' main oil production facility Yuganskneftegaz at a controversial auction in 2004.,12

Operations

Petrol station of Surgutneftegas in Veliky Novgorod

Surgutneftegas is the leading oil supplier to Belarus, accounting in 2006 for some 30% of the total deliveries.3 The company also developed its foreign contacts, including talks with Iran, Libya and pre-war Iraq on taking part in oil extraction projects.4

According to the Hoover company review, Surgutneftegas employs more than 82,000 people and made $24 billion sales in 2007.5

Kirish Oil Refinery

Construction of the Kirishi Oil Refinery was launched in 1961 in the town of Kirishi, Leningrad Region. The first phase of the refinery was commissioned in March 1966. The refinery was designed to cover the fuel needs of the north-western region of the Soviet Union. The conversion level of the refinery was not very deep, with a high degree of masut (residue) production. The latter was also delivered to the Baltic states, Belarus, and Ukraine.

In 1993, the refinery was incorporated into the OOO Surgutneftegaz and renamed as the OOO Industrial Enterprise Kirishnefteorgsintez (OOO KINEF). In 1993, the rated primary crude oil processing output was 16 million tons per year.

References

  1. ^ a b "A Surprise Bidder Buys Yukos Unit". The Washington Post. 20 December 2004. Retrieved 14 May 2011. 
  2. ^ "Putin: Sale Of Yukos Unit Legal". The Washington Post. 22 December 2004. Retrieved 14 May 2011. 
  3. ^ Socor, Vladimir (2007-01-208). "Belarus Transit Tax Retaliates To Russian Customs Tax On Oil Exports". Eurasia Daily Monitor (The Jamestown Foundation). Retrieved 2012-04-04. 
  4. ^ Kolchin, Sergei (1998-06-12). "Russia's largest oil companies. The situation today". Eurasia Daily Monitor (The Jamestown Foundation). Retrieved 2012-04-04. 
  5. ^ "Hoovers Company Review, Surgutneftegas". Hoovers.com. 21 October 2010. Retrieved 14 May 2011. 

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