Surgutneftegas

Surgutneftgas
ОАО «Сургутнефтегаз»
Type Pubçic
Traded as RTS:SVAV
MICEX:SVAV
LSE: SGGD
Industry Oil and gas industry
Founded 1993 (1993)
Headquarters Surgut, Russia
Key people Vladimir Erokhin (Chairman)
Vladimir Bogdanov (CEO)
Products Petroleum
Natural gas
Oil products
Revenue US$18.8 billion (2009)
Net income US$4.1 billion (2009)
Employees 92,935
Website www.surgutneftegas.ru

Surgutneftegas (Russian: ОАО «Сургутнефтегаз») (RTS:SNGS, MICEX:SNGS, LSE: SGGD) is a Russian major oil and gas company. It was created in 1993 by merging several previously state-owned companies with large oil and gas reserves in Western Siberia. The company's headquarters are located in Surgut, Tyumen Oblast.

The company is believed to have close ties to the Kremlin under Vladimir Putin.[1] 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 northwest Russia. It cooperates with the Petersburg Fuel Company in this field. Surgutneftegas is also a shareholder of Oneximbank. From the very beginning till now Surgutneftegas 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. Surgutneftegas was widely believed to be behind Baikalfinansgrup which acquired YUKOS' main oil production facility Yuganskneftegaz at a controversial auction in 2004.[2],[1]

Surgutneftegas is the leading oil supplier to Belarus, accounting in 2006 for some 30% of the total deliveries.[3]

The company also developed its foreign contacts, including talks with Iran, Libya and pre-war Iraq on taking part in oil extraction projects.[4]

According to the Hoover company review, Surgutneftegas employs more than 82.000 people and did $24 billion sales in 2007.[5]

Contents

Board of directors

(as of January 2007[6])

The company has no collegiate executive body.

Principal subsidiaries

References and notes

  1. ^ a b "A Surprise Bidder Buys Yukos Unit". The Washington Post. 20 December 2004. http://www.washingtonpost.com/ac2/wp-dyn/A11823-2004Dec19?language=printer. Retrieved 14 May 2011. 
  2. ^ "Putin: Sale Of Yukos Unit Legal". The Washington Post. 22 December 2004. http://www.washingtonpost.com/wp-dyn/articles/A16512-2004Dec21.html. Retrieved 14 May 2011. 
  3. ^ [1]
  4. ^ [2]
  5. ^ by '+authorShort+' (21 October 2010). "Hoovers Company Review, Surgutneftegas". Hoovers.com. http://www.hoovers.com/surgutneftegas/--ID__55419--/free-co-factsheet.xhtml. Retrieved 14 May 2011. 
  6. ^ [3]

External links

RTSI companies of Russia
MICEX Index companies of Russia (25 October 2011—24 April 2012)
MSCI Russia companies