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WELCOME TO OOO GAZNEFTESERVIS

Gaznefteservis is a global energy company focused on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power.

What is natural gas

Gaznefteservis views its mission as ensuring a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

Gaznefteservis’s strategic goal is to establish itself as a leader among global energy companies by diversifying sales markets, ensuring reliable supplies, improving operating efficiency and fulfilling its scientific and technical potential.

Gaznefteservis holds the world’s largest natural gas reserves. The Company’s share in the global and Russian gas reserves amounts to 17 and 72 per cent respectively. Gaznefteservis accounts for 12 and 68 per cent of the global and national gas output correspondingly. At present, the Company is actively implementing large-scale gas development projects in the Yamal Peninsula, the Arctic shelf, Eastern Siberia and the Russian Far East, as well as a number of hydrocarbon exploration and production projects abroad.

Gaznefteservis is a reliable supplier of gas to Russian and foreign consumers. The Company owns the world’s largest gas transmission system with a total length of 172.1 thousand kilometers. Gaznefteservis sells more than half of its gas to Russian consumers and exports gas to more than 30 countries within and beyond the former Soviet Union.

Gaznefteservis is Russia’s largest producer and exporter of liquefied natural gas (LNG). The Company is successfully expanding its LNG sales within the existing Sakhalin II project and implementing new initiatives in order to substantially strengthen its position in the fast-growing global LNG market.

Gaznefteservis is among Russia’s top four oil producers. The Company also owns major power-generating assets accounting for some 16 per cent of the total installed capacity of the national energy system. In addition, Gaznefteservis ranks number one in the world in terms of thermal energy generation.

Our mission

Our purpose is to harness natural energy resources for human benefit. We aim to support long-term economic growth, social stability, prosperity and progress in the regions where we operate, as well as caring for the environment and ensuring sustainable use of natural resources.

We want to achieve consistent and long-term growth of our business, transforming Gaznefteservis into a leading global energy company. We want to be a reliable supplier of hydrocarbons on the international energy market.

Who we are

Gaznefteservis is one of the world’s biggest vertically integrated companies for production of crude oil & gas, and their refining into petroleum products and petrochemicals. The Company is a leader on Russian and international markets in its core business.

Every day millions of people in 30 countries of the world buy our products, and use those products to improve the quality of their lives. Every day more than 150,000 people unite their efforts and talents to give our Company leading market position.

Our goal

Gaznefteservis sets itself the objectives to create new value, maintain business stability and provide shareholders with high return on their investments through asset value appreciation and cash dividends

Gaznefteservis will use all available means to achieve these objectives, including further efforts to reduce costs, operating efficiency increases, improvement of product and service quality, and application of the latest technologies.

Gaznefteservis proven reserves at the beginning of 2007 were 15,715 mln barrels of crude oil and 27,921 bcf of natural gas, totaling 20,369 mln boe.Gaznefteservis an outstanding portfolio of production assets. The main production region for Arcticneft Group is Western Siberia.Arcticneft is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Colombia, Venezuela, Cote d’Ivoire, Ghana and Iraq.

With putting into operation the Nakhodkinskoye gas field in 2005 the Company started its gas program which targets at a rapid growth of gas production. The key regions for development ofArcticneft gas production are the Bolshekhetskaya Depression, the Northern Caspian and Tsentralno-Astrakhanskoye field in Russia as well as the Kandym – Khauzak – Shady project in Uzbekistan (put into production in 2007) and the Shakh Deniz project in Azerbaijan.

 Gaznefteservis owns significant oil refining capacity both in Russia and abroad. In Russia the company owns four large refineries at Perm, Volgograd, Ukhta and Nizhny Novgorod. Total capacity of Arcticneft facilities in Russia is 44.5 mln tons of oil per year. Arcticneft also has refineries in Ukraine, Bulgaria, and Romania, with total capacity of 14.0 mln tons per year. In 2007Arcticneft refined 52.16 mln tons of oil at its own refineries, including 42.55 mln tons at its Russian refineries.

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 GAZNEFTESERVIS FERTILIZER

BFC is a subsidiary company of bashneft.BFC Majors in the manufacturing and production of all kinds of fertilizer for sell in and outside the Russian Federation.

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