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Gazprom Neft and Zyfra form a joint venture to develop digital solutions for industrial enterprises

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

Gazprom Neft is one of the world’s Top-10 public companies by proven liquid hydrocarbon reserves, and a global leader in its rapidity in reserves replacement. In terms of production and refining volumes it stands among the top three largest companies in Russia. Total production in 2018 reached 92.9 million tonnes of oil equivalent (mtoe), with refining volumes of 42.9 million tonnes.

Net profit at Gazprom Neft reached RUB376.7 billion in 2018, a 49-percent increase on 2017. The company is a market leader in terms of both financial growth and various efficiency metrics, including its internal rate of return (IRR).

The company’s majority shareholder is Gazprom PJSC (95.68 percent), with the remaining shares in free circulation.

ZYFRA is an international developer of IoT (Internet of Things) and AI (artificial intelligence) technologies for industry. The company’s clients include more than 270 businesses in industries including machine building, metallurgy, mining, oil and gas, and petrochemicals.

ZYFRA specialises in connecting industrial equipment and machinery to the Internet of Things, and in developing AI-based recommender systems, robotic equipment and industry business-management systems.

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