The Company sells its products on the domestic and international market, as well as exportation of the products worldwide. Baltransnefte Refinery operates through several subsidiaries. In addition, the company has affiliated companies all around world.
Baltransnefte Refinery is one of the leading vertically integrated oil and gas companies. Main activities of the Company are exploration and production of oil and gas, production of petroleum products and petrochemicals and marketing of these outputs.
Most of the Company’s exploration and production activity is located Russia federation and its main resource base is in Moscow region and Western Siberia. Baltransnefte Refinery operates modern refineries, gas processing and petrochemical plants located in Russia, Eastern Europe and near-abroad countries. Most of the Company’s production is sold on the international global market. Baltransnefte Refinery petroleum products are exported on domestic and international market.
Baltransnefte Refinery is the leading integrated owned oil Company worldwide by proven hydrocarbon reserves. The Company has around 6.4% of global oil reserves and 28.5% of global oil production. Baltransnefte Refinery dominates the Russian energy sector, with almost 30.4% of total Russian oil production refining.
Baltransnefte Refinery has an outstanding portfolio of production assets. The main production region for Ojsc Innogeo is Western Siberia. Ojsc Innogeo is carrying out international exploration and production projects in several locations within the Russia federation.
Baltransnefte Refinery owns significant oil refining capacity within the Russia federation. Total capacity of Baltransnefte Refinery facilities in Russia is 49.3 million tons of oil per year.
Our Technology Organization works collaboratively with our Exploration, Production, Drilling and Completions organizations to maximize the value of our global assets. We advance technologies with collaborative efforts that offer participants opportunities to develop ideas quickly, effectively and at lower cost. These development efforts are conducted with industry partners, ranging from individuals, universities, service providers, and joint-industry projects; then we compete in how well we apply these efforts within our own businesses. Developing and applying technology is a shared responsibility.