Surgutneftegas

Surgutneftegas (Russian: ПАО «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. In the 2020 Forbes Global 2000, Surgutneftgas was ranked as the 251st -largest public company in the world.[4]

Surgutneftgas
Native name
ПАО «Сургутнефтегаз»
TypePublic (ПАО)
MCX: SNGS
LSE: SGGD
IndustryOil and gas
Founded1977 (1977)[1]
Headquarters
Surgut
,
Russia
Key people
Vladimir Bogdanov (CEO)
ProductsPetroleum
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
SubsidiariesKinef
Websitewww.surgutneftegas.ru/en/
Petrol station of Surgutneftegas in Veliky Novgorod

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.

According to Stanislav Belkovsky, Vladimir Putin is the beneficial owner of Surguneftegas.[5]

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.[6][7]

Operations

Surgutneftegas is the leading oil supplier to Belarus, accounting in 2006 for some 30% of the total deliveries.[8] The company also developed its foreign contacts, including talks with Iran, Libya and pre-war Iraq on taking part in oil extraction projects.[9]

According to the Hoover company review, Surgutneftegas employs more than 82,000 people and made $24 billion sales in 2007.[10] In 2018 , the company 's revenue amounted to 1.5 trillion rubles.[11]

Kirish Oil Refinery
Main article: Kinef

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).

See also

References
  1. "OJSC ?Surgutneftegas? - History". 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. Error: Unable to display the reference properly. See the documentation for details.
  4. "Forbes Global 2000". Forbes. Retrieved 31 October 2020.
  5. Латынина, Юлия (Latynina, Yulia) (27 November 2008). "«Мартышки» с административным ресурсом: Странно устроено Российское государство: хотели разобраться с иностранным инвестором, а из бюджета страны пропало 5,4 млрд рублей" ["Monkeys" with administrative resources: The structure of the Russian state is strange: they wanted to deal with a foreign investor, but 5.4 billion rubles disappeared from the country's budget]. Новая газета (in Russian). Archived from the original on 2 December 2008. Retrieved 20 October 2023.{{cite news}}: CS1 maint: multiple names: authors list (link) Alternate archive
  6. "A Surprise Bidder Buys Yukos Unit". The Washington Post. 20 December 2004. Retrieved 14 May 2011.
  7. "Putin: Sale of Yukos Unit Legal". The Washington Post. 22 December 2004. Retrieved 14 May 2011.
  8. Socor, Vladimir (8 January 2007). "Belarus Transit Tax Retaliates To Russian Customs Tax on Oil Exports". Eurasia Daily Monitor. The Jamestown Foundation. Retrieved 4 April 2012.
  9. Kolchin, Sergei (12 June 1998). "Russia's largest oil companies. The situation today". Eurasia Daily Monitor. The Jamestown Foundation. Retrieved 4 April 2012.
  10. "Hoovers Company Review, Surgutneftegas". Hoovers.com. 21 October 2010. Retrieved 14 May 2011.
  11. "ПАО "Сургутнефтегаз"". www.rusprofile.ru (in Russian). Retrieved 10 September 2023.
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