Gazprom Neft and Khanty-Mansiysk Autonomous District – Yugra Sign an Agreement on Social and Economic Cooperation in 2012

Pursuant to this Agreement, Gazprom Neft will continue its support to social, economic and cultural projects currently underway in Yugra. In particular, the Agreement provides for the Company to participate in financing programs and projects such as sports, healthcare, support to small- and medium-scale businesses, development and modernization of public housing utilities, and a rural municipal road network in the Khanty-Mansiysk District.

also in this month:

• A deparaffinization unit is fitted to the diesel hydrotreatment facility at the Omsk Refinery.
• NIS opens its first filling station under the NIS Petrol brand.

Gazprom Neft Acquires a Chain of Filling Stations in Chelyabinsk Region

Gazprom Neft has acquired a filling station chain consisting of 36 stations and two petroleum tank farms in the Chelyabinsk Region. The filling stations are located in the city of Chelyabinsk and other cities of the region.

also in this month:

• Gazprom Neft opens the Unified Research and Development Center for Innovative Technologies.
• NIS and RAG begin exploration drilling in Hungary.
• Gazprom Neft selects a contractor to build crude oil collection and treatment facilities at the Badra field in Iraq.
• Gazprom Neft opens an alternative fuel supply complex at Sheremetyevo Airport in Moscow.

Gazprom Neft Acquires a New Vessel for Its Bunkering Fleet

The vessel has been named Gazprom Neft-Nord West. A fuel tanker with a carrying capacity of 2,500 tonnes and unrestricted navigation was built in 2011 in Tuzla (Turkey) and meets the requirements of all international shipping conventions.

also in this month:

• Gazprom Neft-Lubricants signs an agreement with Chevron for marine oil production.
• Gazprom Neft triples the number of its filling stations in the Nizhny Novgorod Region.
• Gazprom Neft starts work on a third well at the Badra field in Iraq.

The Company’s Moscow Refinery Switches To Euro-4 Fuel Production

In April Gazprom Neft's Moscow Refinery switched to production of high-octane gasolines that correspond to emission Euro-4 of the Motor Fuel Regulations. As of now all high-octane gasolines produced by the Moscow Refinery meet Euro-4 specifications.

also in this month:

• SeverEnergia starts commercial gas production.
• Gazprom Neft fulfills its investment obligations under the sales contract for 51% interest in NIS.
• CJSC Gazpromneft-Aero starts refueling Russian aircraft in Italy and the Seychelles.
• Gazpromneft-Angara announces the first commercial oil flow at the Tympuchikansk field.

Salym Petroleum Development Ccommissions an APG Processing Facility

Salym Petroleum Development, RussNeft and Monolit commission an integrated processing facility for associated petroleum gas at the Salym group of fields in Western Siberia. When the facility reaches its projected capacity, it will enable SPD and RussNeft to utilize fully all APG produced at the Salym and Shapshin groups of fields.

also in this month:

• The first Gazpromneft-branded filling station opens in Ukraine.
• Gazprom Neft commissions a catalytic cracking gasoline hydrotreatment unit and an integrated oil production complex at its Omsk Refinery.
• Muravlenkovskneft affiliate commissions a pipeline for APG transportation from the Severo-Yangtinskoye field.
• CJSC Gazpromneft-Aero starts in-flight aircraft refueling in Kazan and Barnaul.

Gazprom Neft Holds Annual General Shareholder Meeting on 8 June, 2012

Gazprom Neft finished 2011 as the most successful Russian oil company in terms of operating income growth (EBIT) and total return to shareholders. The Company’s consolidated net income grew by 70% to USD 5.35 bn. The Company’s 2011 performance indicators were also the best in its history having exceeded significantly those of 2010.

also in this month:

• Gazprom Neft becomes a guaranteed supplier of the Saint-Petersburg International Mercantile Exchange.
• Gazprom Neft and Japan’s JOGMEC start joint exploration of the Ignyalin area.
• CJSC Gazpromneft-Aero signs an agreement with Galp Energia on aircraft refueling in airports in Portugal and Spain.
• The first development well-drilling starts at the Novoportovskoye field.

Gazprom Neft's Filling Station Chain Receives a Third Annual Consumer Rights and Service Quality Award in Retail Services as Part of the “Consumer Choice 2012” Popular Vote

The “Consumer Choice 2012” award seeks to identify consumer towards companies in the commodity and service markets. Winners of the award were chosen through an online poll of some 1.5 million people. Voting was held with the support of ROMIR Research Holding, and its results were verified by BDO independent auditing group.

also in this month:

• Gazpromneft-Aero expands into the Greek market.
• Gazprom Neft begins a new phase in its drilling operations project in the eastern section of the Orenburg field.

Gazprom Neft Signs an Agreement for a 10-year 258 Million Euro Loan

Gazprom Neft has reached an agreement with a group of international banks for a ten-year club unsecured loan for 258 million euros with the support of an export credit agency. The loan has been issued against guarantees of the Czech Republic’s Export Guarantee and Insurance Corporation (EGAP). This is one of the largest loan facilities extended against guarantees of an export credit agency to a Russian contracting party in 2012.

also in this month:

• The first development well at the Novoportovskoye field produces oil.
• CJSC Gazpromneft-Aero starts aircraft refueling in Vladivostok.
• Gazprom Neft expands its presence in the Republic of Iraq; the Company joins projects in Kurdistan.

Gazprom Neft Completes a Joint Project With SIBUR on Improving APG Utilization in Noyabrsk Region

Gazprom Neft completed the first stage of a project to improve APG utilization at the Vyngapurovskaya group of fields in the Noyabrsk Region implemented jointly with SIBUR petrochemical holding company.

also in this month:

• The company’s Moscow Refinery completes construction of closed-type mechanical treatment facilities and upgrading of a bitumen production unit.
• Junin-6 block in Venezuela produces its first oil.
• Gazpromneft-Aero expands into the US market.

Gazprom Neft Acquires LLC Zhivoy Istok and Obtains Licenses for Oil Exploration and Production at the Baleykinskoye Field and Geological Studies at the Uranskaya Area

Both licensed areas are in Novosergeevskiy District and also partly in Sorochinskiy District, both in the Orenburg Region, 30 kilometers from another field owned by Gazprom Neft, Tsarichanskoye.

also in this month:

• Gazprom Neft starts preparations for construction of a loading terminal for crude oil produced at the Novoportovskoye field.
• Gazprom Neft expands its social project program in the Yamal-Nenets Autonomous District.
• Gazprom Neft completes sales of emission reduction units (ERUs) under the Kyoto Protocol.
• Gazprom Neft starts aircraft refueling at another eleven military airfields, expanding its list to 23 airfields.
• Gazprom Neft signs a cooperation agreement with the Government of the Vologda Region.
• Messoyakha project produces its first oil.
• Gazprom Neft acquires a new asset in Orenburg.

Salym Petroleum Development Improves the Efficiency of Salym Fields Development

On November 26, 2012, the Supervisory Board of Salym Petroleum Development approved the start of a pilot project of a new technology that allows for improved oil recovery through the use of ASP chemical flooding. The ASP pilot project will be implemented at the Salym group of oilfields from 2013 to 2015.

also in this month:

• Gazprom Neft completes an upgrading project for refining facilities in the city of Panchevo and puts a hydrocracking integrated unit (MHC/DHT) into operation.
• Sales of G-Family premium oils reach record levels.
• Gazprom Neft acquires its first bunker for operations in Primorye.
• NIS acquires retail assets from OMV in Bosnia and Herzegovina.
• Gazprom Neft successfully floats series 12 bonds worth RUB 10 bn.

Gazprom Neft Acquires Novoportovskoye Field

Gazprom Neft acquires Novoportovskoye field C1- and C2-grade recoverable reserves at the Novoportovskoye oil and gas condensate field which are expected to produce over 230 million tonnes of oil and 270 billion cubic meters of gas.

also in this month:

• Omsk Refinery starts production of Euro-5 diesel fuel.
• Gazpromneft-Aero starts aircraft refueling in Iordania and Vietnam.
• Gazprom Neft signs a cooperation agreement with the Kemerovo regional administration.
• Gazprom Neft and the Government of the Khanty-Mansiysk Autonomous District – Yugra sign a cooperation agreement for 2013-2015.
• Omsk Refinery is named the best in Russia and the CIS.
• NIS starts a green energy project with the construction of a wind power plant.
• Gazprom Neft opens its first multifuel filling station.
• The first Gazprom-branded filling station opens in Romania.
• Gazprom Neft acquires LLP Bitumniy Zavod, an asset with a capacity of 280,000 tonnes of bitumen products per year in the vicinity of the city of Shymkent in Southern Kazakhstan.