Gazprom Neft, the third largest oil producer in Russia and ranked third according to refining throughput, in its development strategy to 2030 report says it is aiming to be the ‘market leader in LNG bunkering in Russia’.
By 2030, the company “plans to secure a 70% domestic market share in catalysts for key secondary refining processes, as well as becoming the market leader in LNG bunkering in Russia.”
“In terms of developing premium sectors, its objective is to become a top-10 global company in the aviation sector, in lubricant production, and in innovative bitumen products.”
In summary, the report notes Gazprom Neft to be focused on optimising opportunities for operational efficiency improvements and growth by developing and implementing cutting-edge technological solutions.
The company adds it is committed to exploring the potential of new market niches by developing innovative products, continuing its organic growth in developing markets for oil products, and maintaining its market leadership in terms of the efficiency of its Russian retail network.
“Gazprom Neft’s long-term strategy outlines the company’s development trajectory beyond 2025, in line with emerging trends driving the future global energy market,” said Alexei Miller, Chairman of the Gazprom Neft Board of Directors.
“Gazprom Neft’s task, in the face of a constantly changing external environment, is to realign the company in a way that will withstand any developing scenario of the oil market and at the same time coordinating its work in line with Gazprom PJSC’s strategic priorities.
“Gazprom Neft’s goal is to become a benchmark for Russian and international market players in terms of safety, efficiency and technological advancement.”
Photo credit: Gazprom Neft
Published: 27 November, 2018
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