Surgutneftegas

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Surgutneftgas
Native name
ОАО «Сургутнефтегаз»
Public (OAO)
Traded as MCXSNGS
LSESGGD
Industry Oil and gas
Founded 1977; 41 years ago (1977)[1]
Headquarters Surgut, Russia
Key people
Vladimir Erokhin (Chairman)
Vladimir Bogdanov (CEO)
Products Petroleum
Natural gas
Oil products
Revenue $20.1 billion[2] (2017)
$3.89 billion[3] (2016)
-$932 million[3] (2016)
Total assets $58.5 billion[3] (2016)
Total equity $51.4 billion[3] (2016)
Number of employees
92,935
Subsidiaries Kinef
Website www.surgutneftgaz.ru
Petrol station of Surgutneftegas in Veliky Novgorod

Surgutneftegas (Russian: ОАО «Сургутнефтегаз», IPA: [sʊrɡʊtnʲɪftʲɪˈɡas]) is a Russian oil and gas company created by merging several previously state-owned companies owning large oil and gas reserves in Western Siberia. The company's headquarters are located in Surgut, Khanty-Mansi Autonomous Okrug.

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 (Объединённый экспортно-импортный банк). 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 as a joint stock company.[1] 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.[4][5]

Operations

Surgutneftegas is the leading oil supplier to Belarus, accounting in 2006 for some 30% of the total deliveries.[6] The company also developed its foreign contacts, including talks with Iran, Libya and pre-war Iraq on taking part in oil extraction projects.[7]

According to the Hoover company review, Surgutneftegas employs more than 82,000 people and made $24 billion sales in 2007.[8]

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 1980 the plant was reconstructed and started diesel hydrotreating unit with capacity of two million tonnes per year. The main fractionation tower K-5 weighing 335.2 tons, diameter of 5 m and a length of 62 m was delivered by "Spetstyazhavtotrans" from the factory "Dzerzhinskhimmash".

In 1993, the refinery was incorporated into the OOO Surgutneftegas 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.

Sponsorship

In April 2016 the company decided to economically support the Russian Bandy Federation.[9][10]

References

  1. ^ a b "Archived copy". Archived from the original on 5 November 2017. Retrieved 7 November 2017.
  2. ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  3. ^ a b c d http://www.surgutneftegas.ru/en/investors/reports/5_5/.
  4. ^ "A Surprise Bidder Buys Yukos Unit". The Washington Post. 20 December 2004. Retrieved 14 May 2011.
  5. ^ "Putin: Sale Of Yukos Unit Legal". The Washington Post. 22 December 2004. Retrieved 14 May 2011.
  6. ^ 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. Check date values in: |date= (help)
  7. ^ Kolchin, Sergei (1998-06-12). "Russia's largest oil companies. The situation today". Eurasia Daily Monitor. The Jamestown Foundation. Retrieved 2012-04-04.
  8. ^ "Hoovers Company Review, Surgutneftegas". Hoovers.com. 21 October 2010. Retrieved 14 May 2011.
  9. ^ bandyvesti.ru
  10. ^ bandyvesti.ru

External links

  • Official site
  • OAO Surgutneftegas
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