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The Gazprom Neft’s Board of Directors to review information on the prospects for the business development of lubricants

23.04.2018
The Gazprom Neft’s Board of Directors to review information on the prospects for the business development of lubricants

The Board of Gazprom Neft Directors on April 20 has reviewed the information on results and prospects of company’s oil business development.  The business operator – Gazpromneft-Lubricants, established in 2007, now takes 21% of the Russian packaged oils market.

Gazpromneft-Lubricants products are marketed by the G-Energy and Gazpromneft brands that makes possible to create the most effective proposal for the various consumers.

General product portfolio consists of premium oils with high performance characteristics and more than 250 approvals from leading equipment manufacturers such as KAMAZ, Mercedes Benz, Volkswagen, Renault, Volvo, Scania, General Electric, Bosh, etc.

By the results of 2017 the company increased the lubricants sales under G-Energy brand by 12%, up to 46 thousand tons. Sales of various types of premium lubricants increased by 8% to 279.4 thousand tons. The total sales volume of Gazpromneft-Lubricants products in all markets in 2017 increased by 7% and amounted to 580.3 thousand tons.

For ten years of operation, the company has become one of the most important players in the profile market, having increased its scientific base and significantly expanding its production capacities. The modern production and logistics complex was set up to produce high-tech lubricants, uniting the Omsk Lubricants Plant (OZSM), the Moscow Lubricants Plant (LMZM), the lubricants plant in Bari (Italy), the oil production of NIS (Serbia), the synthetic oils production in Nizhny Novgorod and Yaroslavl ("Slavneft-YANOS"). The total volume of investments in the development of the company's industrial oil business infrastructure amounted to 14.4 billion rubles. The company supplies its products to 72 countries around the world and ships to consumers every day about 2 thousand of packaged oils. More than 300 companies represent the transnational distribution network of Gazpromneft-Lubricants. Gazpromneft-Lubricants is the supplier for the largest industrial enterprises in various sectors, supplies supplies to KAMAZ, BELAZ, UAZ, Rostselmash assembly lines and their dealer networks. Gazprom Neft-Lubricants is the partner of  the largest industrial enterprises of various industries, suppling its products to KAMAZ, BELAZ, UAZ, Rostselmash assembly lines and their dealer networks. The important sales channel is also the network of Gazpromneft petroleum stations.

Since 2014, Gazpromneft-lubricants has been developing the G-Energy service network, that today includes 120 independent partner service stations in Russia and abroad.

Gazpromneft-Lubricants is the active participant in the import substitution program, which is implemented jointly with utilities, agriculture, municipal vehicles, and allows selecting domestic analogs for export products. By 2017, more than 300 budget enterprises have started using G-Energy and Gazpromneft products.

The company is one of the leaders in the market of marine transport oils in Russia. In 2017, The Gazpromneft Ocean brand was introduced to the market to expand the geography of its presence and develop international business.

Gazpromneft-Lubricants' strategic direction is the development of a high-tech product range, that dictates the capacity expansion need, including the organization of lubricants production in target foreign markets.