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Overview / Innovation
New technologies are increasingly influencing all areas of our business. Our ability to remain at the forefront of innovation in our industry brings about significant commercial benefits: stimulating growth, improving business performance and giving us a tangible competitive advantage.

Contrary to the perception that the oil and gas industry in Russia is not considered innovative, companies in the industry are constantly developing pilot projects in the field of innovations, interacting with leading research & development institutions and actively introducing the latest technologies at all stages of the business process – from exploration to refining processes, and even in the sale of petroleum products.

Gazprom Neft is a recognized industry leader in terms of introducing new technology. Its ability to find and use state-of-theart technical solutions and technologies is a key criterion for the Company’s competitiveness. The Company’s introduction of new technologies is making a significant contribution to its growth in production and refining. Given this fact, the Company is planning to allocate over RUB 15 billion to innovation in development, exploration and production from 2013 to 2020. It is projected that by 2020, more than 50% of oil extractions will be performed using new technologies.

Gazprom Neft also understands the importance of developing oil refining and production technologies in the petrochemical industry. The main goals of Gazprom Neft’s innovation and scientific research in petroleum refining are: to make competitive products, raise product quality, reduce production costs, invent and apply new technologies, products and services, and to resolve current production problems. The 2020 Strategy for Innovation and R&D Development in Oil Refining and Petrochemical Processing envisions annual financing of up to RUB 450 million until 2015.

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Exploration & Production Refining & Processing

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