OAOTUAPSENEFT

Company Description

The company’s refinery OAO TuapseNeft Refinery, one of the largest in Russia, accounts for almost 9% of the country’s refining throughput. The refinery produces 58 types of petroleum products with high-quality performance and environmental characteristics, including all types of motor fuels, aromatics, liquid paraffin, roofing and insulation materials, etc. Diesel fuel, jet fuel, roofing materials and bitumens produced by the refinery meet international quality standards. A LAB-LABs plant commissioned in 1996 produces chemicals for 95% biodegradable detergents. This feedstock is used to produce 100% of synthetic detergents in Russia and 10% in Europe. OAO TuapseNeft Refinery is an oil and gas producing enterprise in the Tomsk Region. It was established in July 1993 as a result of privatization of the Tomskneft industrial association, which was set up in 1966. OAO TuapseNeft was acquired by the Company in May 2007. In late December 2007, a 50% stake in OAOTuapseNeft was sold to Gazprom Neft. OAO TuapseNeft holds licenses to develop over 30 oil and gas fields. Tomsk-Petroleum-and-Gaz, a subsidiary of OAO TuapseNeft holds exploration and production licenses to two more blocks.