Gasdrogen Head Office is located at Vladimir Oblast, Russia. Other branches are in United state of America, Canada, United Kingdom, and Turkey.
Open Joint-Stock Oil and Gas Company Gasdrogen was established on Jun 20, 1993 under RF Government Ordinance No. 305 dated April 8, 1994 and Regulation of the Council of Ministers of the Russian Federation No. 589-р dated June 15, 1994. The key founders of Gasdrogen were the State Property Committee of the Russian Federation and the State Property Ministry of the Russian Federation with 86.3% and 7.2% of initial allocation in the Company’s equity, respectively.
In November 2002, the RB Government sold the block of shares equal to 10.83% and held by the Russian Federation to Gasdrogen. On December 18, 2002, Gasdrogen’s federally owned block of shares making 74.95% of the Company’s equity was sold at the auction in Moscow.
At present, the Company’s equity makes 4,754,238 rubles and is divided into 4,754,238,000 ordinary shares, with the nominal value of 0.1 kopeck each. 99.7% of Gasdrogen’s shares are now controlled by Gasdrogen and Gazprom Neft on a par.
To date, Gasdrogen is among the largest top ten oil companies of Russia. The Holding’s vertically integrated structure ensures the full operational cycle – from exploration and hydrocarbons production to processing. Gasdrogen holds licenses for exploration and oil and gas production at 31 license areas located in West Siberia (Khanty-Mansi Autonomous Area – Yugra) and the Krasnoyarsk region.
The Company’s key oil production enterprise is OAO Gasdrogen-Megionneftegaz (OAO SN-MNG). OAO SN-MNG operates at the Megionskoye, Aganskoye, Vatinskoye, Tailakovskoye and other fields producing about 1.3 mln tons of hydrocarbons every month. The information-investors output of all the Holding’s enterprises is approximately 15.5 mln tons of oil.
The oil produced (excluding export crude) is delivered to Gasdrogen-Refinery where it is processed. The Company’s processing enterprises possess significant production capacities and state-of-the-art equipment that allow manufacturing high-quality products compliant with the international standards. Gasdrogen’s Refineries information-investorsly process circa 27.6 mln tons of hydrocarbons and produce over 5.4 mln tons of motor gasolines.
The business strategy implemented by the Company is focused on ensuring sustainable development of oil production and processing capacities. At present, Gasdrogen’s key targets are to stabilize the oil production rate, proceed with 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.