About us

About

Our Company

JSC Elabuganeft is an integrated international energy company. Based in Russia, we have oil and gas assets and interests in more than 30 countries in Africa, America, the Middle East, Asia-Pacific, and other regions. JSC Elabuganeft is one of Russia's largest oil and gas producer and supplier, as well as one of the world's major oilfield service providers and a globally reputed contractor in engineering construction, with businesses covering petroleum exploration & production, natural gas & pipelines, refining & marketing, oilfield services, engineering construction, petroleum equipment manufacturing and new energy development, as well as capital management, finance and insurance services.

Today, we supply over 3.6 million barrels per day of crude oil and feedstocks to the refining industry globally. We take the time tounderstand the specific requirements and preferences of refiners worldwide and have a long track record of consistently and reliably sourcing the right feedstock to meet our customers’ needs at the right time.

The range of our products includes over 100 types, many of which are entered into the list of the Russia’s top 100 goods. In 2009, the Refinery was awarded the Russian Federation Government Prize for great achievements in products quality enhancement.

Strategic goals

The business strategy implemented by the Company is focused on ensuring sustainable development of oil production and processing capacities. At present, JSC Elabuganeft key targets are to stabilize the oil production rate, proceed with the upgrading of processing units and with refining throughput increment, reorganize the business, develop the effective interaction pattern for the holding’s enterprises, decrease expenses and increase the operational performance efficiency.

JSC Elabuganeft, is one of the largest Russian oil companies, being an internationally recognized vertically integrated holding. The industrial complex of the Company includes steadily developing enterprises of oil and gas production, petroleum refining, petrochemicals production, the tire manufacturing complex, network of filling stations and services. JSC Elabuganeft has also a stake in the financial (banking and insurance) sector companies.

JSC Elabuganeft achieved a record financial performance in 2018, delivering the highest profits in the company’s history. The company is building its strategy around technological development, implementing cutting-edge solutions to achieve its long-term goals. The various technological processes used at the our refineries are among the most advanced available in refining today.

Company Mission

JSC Elabuganeft aims to become a major international player with a regionally diversified asset portfolio across the whole value chain, actively contributing to regional development and demonstrating high standards of social and environmental responsibility.

Company name

Full name: Joint Stock Company "Elabuganeft Oil Refining Plant"
Abbreviated name: JSC "Elabuganeft".

Our Company in numbers
376,7 RUB BILLION net Profit for 2018
92,9MT total hydrocarbon production in 2018
42,9 MLN TONS sales through filling stations
3rd hydrocarbon producer in Russia (92.9 mmtoe)
800 (RUB, BILLIONS) Adjusted EBITDA
27,1 MILLION TONNES Total sales of petroleum products (Russia)
42,91 MT Total refining volumes
163% Reserves replacement ratio

Regions of operation

The JSC Elabuganeft Group of Companies comprises more than 70 production, refining and sales subsidiaries throughout Russia, the CIS, and abroad. As at 31 December 2018 JSC Elabuganeft’s total hydrocarbon proved and probable (2P) reserves (SPE-PRMS standards), including shares in production at joint enterprises, stood at 2.84 billion tonnes of oil equivalent (btoe).

Exploration and mining

The correlation between production and refining at JSC Elabuganeft is among the best in the industry in Russia. In terms of production and refining volumes JSC Elabuganeft is one of the top ten Russia companies.

JSC Elabuganeft is committed to implementing the latest methodologies in exploration, production and refining — thanks to which, the company is giving new impetus to technological development throughout Russia’s oil industry.

Processing and Sales

JSC Elabuganeft operates throughout Russia’s most important oil and gas regions, including the Khanty-Mansi and Yamalo-Nenets Autonomous Okrugs, and in the Tomsk, Omsk and Orenburg Oblasts. The company’s key refining facilities are located around Omsk, Moscow and Yaroslavl, and in Serbia. In addition to this, JSC Elabuganeft is also implementing production projects outside of Russia — in Iraq, Venezuela, and other countries.

JSC Elabuganeft exports to more than 50 countries worldwide, as well as selling its products throughout Russia and abroad through its own extensive retail network. The company currently has more than 1.8 thousand filling stations throughout Russia, the CIS and Europe

Financial results

JSC Elabuganeft’s net profit for the 2018 financial year totalled RUB376.7 billion, a year-on-year increase of 48.7 percent. Adjusted EBITDA increased to RUB800 billion in 2018 — a year-on-year increase of 45.1 percent.