Surgutneftegaz

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JSC Surgutneftegaz is a major oil and gas joint stock company of Russia that united several previously state-owned enterprises with large oil and gas reserves in Western Siberia in 1993 after the collapse of the Soviet Union. Its headquarters are located in Surgut, Tyumen Oblast. It is believed to have close ties to the Kremlin under Vladimir Putin. [1] Surgutneftegaz includes a large oil refinery in Kirishi, Leningrad Oblast, operated by the Kirishinefteorgsintez subsidiary. The company is also engaged in fuel retail activities in northwest Russia. It cooperates with the Petersburg Fuel Company in this field. Surgutneftegaz is also a shareholder of Oneximbank. From the very beginning till now Surgutneftegaz has been led by President and Director General Vladimir Bogdanov, who had run the Surgut oil fields since 1983. 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. Surgutneftegaz was widely believed to be behind Baikalfinansgrup which acquired YUKOS' main oil production facility Yuganskneftegaz at a controversial auction in 2004. [2], [3]