* Hydraulic fracturing (fracking) is one of the main technologies in enhanced oil recovery (EOR) today. It is based on creating a fracture network in oil-bearing strata by means of high-speed, high-pressure fluid injection into a well. Oil flows into the well through the fissures created, which are kept open using a substance known as a “proppant”.
Gazprom Neft is a vertically integrated oil company primarily engaged in oil and gas exploration and production, refining, and the production and sale of petroleum products. In terms of production and refining volumes it stands among the top three largest companies in Russia. Gazprom Neft’s corporate structure encompasses more than 70 exploration and production, refining, and retailing enterprises throughout Russia, the CIS and worldwide. 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.