In 2012 Gazprom Neft became the leading hydrocarbon producer in the Russian oil industry, reaching volumes of 59.7 million tonnes

In 2012 Gazprom Neft became the leading hydrocarbon producer in the Russian oil industry, reaching volumes of 59.7 million tonnes, 4.3% up on 2011. The company expanded the geography of its activities abroad, and has received its first oil from major new projects in the north of the Yamalo-Nenets Autonomous Area.

The volume of hydrocarbon processing increased by 7% in 2012 – to 43.34 million tonnes. As a result of active modernisation, Gazprom Neft’s refineries switched to the production of Euro-4 and Euro-5 standard fuels in 2012, two years before the date approved by the Government of the Russian Federation.
Gazprom Neft is actively developing a network of filling stations. In 2012, the average daily volume of fuel pumping through each station reached 17.7 tonnes. This represents the best result among Russian oil companies and was ahead of 2011 performance by nearly a quarter.

In 2012, Gazprom Neft’s consolidated net profit increased by 10%, reaching a record RUB 176.3 billion. At the Annual General Meeting in 2012, the company’s shareholders supported the Board of Director’s recommendation to increase the portion of profit allocated to dividends from 22% to 25%. As a result, each share will be credited with RUB 9.3, which is 27% higher than the dividend payment at year-end in 2012. The total amount paid out to shareholders will reach RUB 44.09 billion.

“Gazprom Neft’s production and financial results in 2012 were the best in the company’s history, significantly exceeding those of 2011. High growth rates have allowed us to achieve a number of performance targets set out in Gazprom Neft’s development strategy up to 2020. This enabled us to set new goals and to approve a strategy up to 2025, which aims to further increase the company's value. We have already increased the portion of our profits that are paid to shareholders, and in the near future we plan to introduce an interim dividend,” – noted Alexander Dyukov, Chairman of the Management Board of Gazprom Neft.