Gazprom Neft

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Gazprom Neft's central office is located in Moscow; however, the company is already registered in St. Petersburg where it also has an office. Upon the completion of their new office building, known as Gazprom City in St. Petersburg, Gazprom Neft is going to move its headquarters to Saint Petersburg in the near future. It is currently the largest employer in Omsk and Noyabrsk.

History

Gazprom Neft was created under the name Sibneft ( _ru. "Сибнефть") in 1995 by Presidential Decree №872, issued in August 24, 1995. A government resolution was signed on September 29, and the State Property Committee on October 11 ordered that the state's shares in oil producing enterprise Noyabrskneftegas, the Omsk Refinery, exploration enterprise Noyabrskneftegasgeophysica and marketing company Omsknefteprodukt all be transferred to Sibneft.

Sibneft initially combined Russia's largest oil refining complex in Omsk (dba "Omsky NPZ"), an oil and gas production enterprise based in the city of Noyabrsk in the Yamal-Nenets autonomous district ("Noyabrskneftegas"), a geological exploration enterprise and an oil products distribution network.

In 1996-1997 Sibneft was privatised through a series of Loans-for-Shares' auctions, and it was acquired by Roman Abramovich and Boris Berezovsky for US$100 million, bidding through several front companies that they set up for the purpose.

Sibneft twice attempted a merger with Yukos, to form Russia's largest oil company YukosSibneft. The first attempt in 1998 failed due to a dispute over management. The process was well under way the second time in 2003 when the federal government cracked down on Yukos, and Sibneft's shareholders called off the merger in November of that year.

In September 2005, Russia's largest corporate takeover occurred when Gazprom bought 72.663% of Sibneft's shares for US$13.01 billion.Fact|date=May 2007 Later, Sibneft was renamed Gazprom Neft.

New headquarters in St. Petersburg

On 15 November 2005, Gazprom CEO Alexei Miller and Saint Petersburg governor Valentina Matvienko announced that Gazprom Neft is going to participate in development of the Okhta Center business center including a 300 metre high skyscraper with its headquarters on the right bank of the Neva River.

This location of the new headquarters is across the water opposite the office of the Governor of St. Petersburg, the Saint Petersburg City Administration and the Smolny historic landmark in St. Petersburg. Although current regulations forbid construction of a building taller that 42 metres (or no taller than 48 meters with expertise approval) there, the project is going on.

St. Petersburg city pays 49% funding for construction of the Okhta Center, on the basis that Gazprom Neft is registered here and is currently the largest taxpayer and a big employer, so the city budget is getting adequate benefits. Gazprom Neft, besides being the largest taxpayer in the city, pays 51% for construction of the new headquarters in St. Petersburg. [Russian publication (Деловой центр "Газпром-сити" в Санкт-Петербурге): [http://realty.lenta.ru/news/2007/03/16/ohta/] ]

Management

On 22 November 2006, the Board of Directors terminated in advance the authority of its president Alexander Ryazanov and replaced him with Alexander Dyukov. [http://www.gazprom-neft.ru/paper.php?page=184&lang=1&id=765 Alexander Dukov has been appointed acting president of JSC Gazprom Neft] , Press Release; 22 November 2006.]

As of December 2006, the Board of Directors of Gazprom Neft consists of Alexei Miller (Chairman), Andrey Kruglov, Alexander Ryazanov, Kirill Seleznyov, Vasiliy Podyuk, Konstantin Chuychenko, Nikolay Dubik, Yuriy Starodubtsev (a former KGB/FSB officer) and Yuriy Khudyakov. [http://www.gazprom-neft.com/pages.php?page=547&lang=1 Board of Directors] ]

As of August 2008, its Management Committee consists of Alexander Dyukov (the Company’s acting General director), Vadim Yakovlev (Deputy General director for Finance), Boris Zilbermints (Deputy General director for Exploration and Production), Anatoly Cherner (Deputy General director for Refining and Marketing) and Kirill Kravchenko (Deputy General director ). [http://www.gazprom-neft.com/pages.php?page=23&lang=1 Management] ]

ponsorship

Sibneft was the official sponsor of the CSKA-Moscow football team. In 2005 Gazprom bought the majority stake in FC Zenit, prompting the cancellation of the sponsorship deal between Sibneft and fellow Russian Premier Division football side CSKA. Gazprom Neft also sponsors the Avangard Omsk ice hockey team, and a variety of running, mini-football, Nordic skiing and motorcross events.

ee also

*Gazprom
*Gazprom City
*Lukoil
*Rosneft
*Transneft
*Yuganskneftegaz

References

External links

* [http://www.gazprom-neft.com/ Gazprom Neft official site]
* [http://www.forbes.com/business/energy/2005/09/28/gazprom-sibneft-abramovich-cx_cn_0928autofacescan04.html Gazprom inks deal to buy Abramovich's Sibneft] , "Forbes.com", 28 September 2005