Low prices on the oil and petroleum product market, a growing tax burden and stagnation in consumption on the local market presented new challenges for Gazprom Neft.
Rapid adaptation enabled the Company to maintain sustainable dynamics
in its production and financial indicators.
Amidst these conditions, the Company’s vertically integrated business model demonstrated a high level of efficiency.
Due to its success factors, Gazprom Neft continues to confidently move forward towards its strategic goals.
The Annual Report previously approved by the Board of Directors, Minutes No. ПТ-0102/23 dated 24 April 2017 and approved by the annual General Meeting of Shareholders of the Company, Minutes No. 0101/01 dated 14 June 2017