Gazprom Neft and TATNEFT to deploy enhanced oil recovery (EOR) technologies
* Chemical enhanced oil recovery (CEOR) refers to technologies that increase the oil recovery factor (ORF, a metric indicating what proportion of total reserves are produced from strata) through the use of various kinds of chemical flooding.
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. In terms of production and refining volumes it stands among the top three largest companies in Russia. Gazprom Neft’s corporate structure comprises more than 70 exploration and production, refining and retailing enterprises throughout Russia, the CIS, and the rest of the world. The company operates across 110 countries, worldwide. Gazprom Neft’s filling station network currently totals more than 2,000 outlets throughout Russia, the CIS and Europe. Gazprom Neft is one of the Russian oil industry’s leading companies in terms of efficiency. Company revenues in 2020 were ₽2 trillion, adjusted EBITDA ₽485 billion, and net profit ₽117.7 billion. Gazprom Neft’s largest shareholder is Gazprom PJSC, which holds a 95.68 % interest. The company’s remaining shares are floated on the world’s leading international stock markets.
TATNEFT is a Russian oil company, dynamically developing activities in oil and gas production, oil refining, petrochemicals, a tyre complex, a network of gas stations, power engineering, oil and gas industry equipment, and various service organisations.
The company’s “TANECO” oil refining and petrochemical complex is the industry leader by various key performance indicators (KPIs), including a refining depth of 99%, and a light product yield consistently above 80%. The company’s refining and petrochemicals complex produces about 20 different highly competitive and environmentally friendly products.
The company is implementing a strategic programme to develop its filling station network, with more than 800 currently in operation. The TATNEFT Group’s KAMA TYRES business produces more than 400 tyre lines under the KAMA and Viatti brands, as well as its cutting-edge KAMA and KAMA PRO all-steel tyres.
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