Gazprom Neft increased sales of G-Energy and Gazpromneft premium oils in international markets in 2019
Gazpromneft-Lubricants, the operator of Gazprom Neft’s oil business, boosted its sales of premium lubricants in international markets to 106 thousand tons in 2019, with an increase by 6.2% year-on-year. Deliveries of small-packaged G-Energy and Gazprom Neft branded premium products increased by 10,5% to 95,7 thousand tons.
The company’s geographic coverage of Gazprom Neft lubricants delivery has expanded to 86 countries in Europe, Asia, Africa and South America, primarily due to the active development of the premium products distribution network in both the retail and industrial segments. In 2019, the volume of sales of G-Energy premium oils via its own network of G-Energy Service stations boosted by 61%, and the number of service stations increased to 210 (up 40 stations). The number of regular customers and partners of the service throughout Russia and abroad reached half a million.
In Russia, sales of premium products increased by 5.3%, accounting for 205 thousand tons. In 2019, the total sales of Gazprom Neft motor, transmission and industrial oils in Russia and abroad amounted to 708 thousand tons.
“Our business has noticeably changed its lubricants portfolio towards high-tech products. We have been observing this trend for several years, but in 2019 it increased significantly. The past year has shown that our premium developments are valued not only in Russia, where we actively participate in import substitution programs, but also abroad. However, the modern consumer needs not just a high-quality product - they need a positive customer experience, first of all, to solve issues related to car operation and equipment. Responding to these changes, we are developing a system of engineering services for both retail customers and business partners, and we see this as a growth zone in the highly competitive lubricants market”, - said Alexandr Truhan, Director General of Gazpromneft-Lubricants.
Gazpromneft-Lubricants (Gazpromneft-Lubricants Ltd.) is a subsidiary of Gazprom Neft focusing on the production and sales of oils, greases and technical fluids. The company was established in November 2007. The products are manufactured at six production sites in Russia, Italy and Serbia. The company's clients are the largest industrial enterprises, the product range includes 700 items of oils and greases for all sectors of the market (more than 2800 stock keeping units). The company also produces and sells marine oils. Gazpromneft-Lubricants controls 23% of the Russian packaged lubricants market and also operates in 86 countries worldwide.
Gazpromneft-Lubricants products have over 400 approvals of the leading equipment manufacturers: KAMAZ, BMW, Mercedes-Benz, Volkswagen, Volvo, Renault, General Motors, Cummins, MAN, ZF, Bosch Rexroth and others.