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OUR BUSINESS

OUR BUSINESS

The basis of the strategy should be a qualitative change in the company's business at the expense of a technological breakthrough, full-scale application of digital technologies in all areas of activity, ongoing work to reduce costs, increase the margins of the processing segment at the expense of basket flexibility

Our strategic advantage

As part of the new strategy, AO VORONEZHNEFTEPRODUKT will move to a holding management structure with the allocation of business segments responsible for the financial result. As a “pilot” project, it is proposed to implement a project to separate the AO VORONEZHNEFTEPRODUKT retail business. This will significantly increase the capitalization of RN-Retail and attract strategic investors.

Already, almost 90% of retail has been consolidated into a single subholding, and the consolidation of retail assets has proven its effectiveness. AO VORONEZHNEFTEPRODUKT expects that the holding structure will allow more efficient allocation of financial resources, increase return on invested capital and increase profitability for shareholders.

According to Igor Sechin, the implementation of the AO VORONEZHNEFTEPRODUKT 2022 strategy will allow the Company to increase its capitalization by 25-30%. “The main thing is a significant increase in efficiency and competitiveness. We set a goal for the company to achieve a long-term cost at Saudi Aramco. This guarantees AO VORONEZHNEFTEPRODUKT and the Russian oil and gas industry leadership in the global energy industry, ”sums up the head of AO VORONEZHNEFTEPRODUKT.

Our Key Functions

About Us

We pay great attention to the development of hard-to-recover reserves.

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Refining

Volume of refining increased by 3.3%, and the yield of light oil products increased by 50 %

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Production

Production throughput of the assets amounted to 100 million tons which is a record-breaking.

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Our Business Strategy

The basis of the strategy should be a qualitative change in the company's business at the expense of a technological breakthrough, full-scale application of digital technologies in all areas of activity, ongoing work to reduce costs, increase the margins of the processing segment at the expense of basket flexibility Read More

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