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Gazprom Neft joins forces with the Russian Fund for Basic Research (RFBR) in developing innovative technologies

Gazprom Neft is a vertically integrated oil company, primarily involved in oil and gas exploration and production, refining, and the production and sale of oil products. The Gazprom Neft’s corporate structure comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad.

The company’s proved and probable reserves (SPE-PRMS) are estimated at 2.78 billion tonnes of oil equivalent (btoe), making Gazprom Neft one of the top-20 largest oil and gas companies in the world, and one of Russia’s top three largest companies in terms of production and refining volumes. Total production in 2017 reached 89.75 million tonnes of oil equivalent (mtoe), with refining volumes of 40.1 million tonnes.

Gazprom Neft products are exported to more than 50 countries worldwide, and sold throughout the Russian Federation and abroad. The company’s filling station network totals more than 1,850 outlets throughout Russia, the CIS and Europe.

Gazprom Neft’s net profit in 2017 was RUB253 billion — a 26.5-percent increase year-on-year. The company is an industry market leader in terms of both financial growth and various efficiency metrics, including its internal rate of return (IRR).

The company’s main shareholder is Gazprom PJSC, which has a 95.68-percent interest, with the remaining shares in free circulation.

The Russian Fund for Basic Research (RFBR) was established in 1992 at the initiative of the country’s leading scientists and academics. Its core function is to arrange the competitive selection of the best scientific projects, and their subsequent management and financing.

The RFBR pays considerable attention to establishing a developed system of collaboration between companies involved in innovation, and has Cooperation Agreements in place with federal executive agencies, state corporations, organisations involved in coordinating technology platforms, other development institutions and business organisations.The main purpose of such agreements is to implement coordinated policy in putting achievements and progress in basic scientific research to practical use, primarily in high technologies and in addressing the immediate cross-sectoral challenges that arise in the process of building a knowledge-based economy.

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