The oil of Gazprom to spread throughout Asia
In an effort to conquer retail markets of CIS, Gazprom Neft has incorporated subsidiaries in Kazakhstan and Tadjikistan. In the long term, the company intends to promote the chains of fuel stations there, though its today’s business is limited to wholesale trading in crude oil.
The analysts say this move of Gazprom Neft is well-timed; the low-octane gasoline that Gazprom Neft will supply to Central Asia is becoming less popular in Russia. Gazprom Neft announced Wednesday that its Kyrgyz subsidiary, Gazprom Neft–Asia, set up Gazprom Neft-Kazakhstan and Gazprom Neft-Tadjikistan in June. The Kazakh firm took on lease 11 bulk plants, and Tadjikistan’s subsidiary leased four bulk plants. Their next move will be pushing aside local traders in the sector of moderate wholesale. But Gazprom Neft won’t confine to wholesale business in Central Asia. In the long-term, it is willing to construct or buy fuel stations in Kazakhstan and Tadjikistan. The company will be selling oil products from its Omsk NPZ refinery, mostly exporting the low-octane gasoline to these countries.
Omsk NPZ produced 13.67 million tons of oil products in 2006. Of this amount, A-80 gasoline accounted for roughly 7% (around 950,000 tons). Starting from 2008, the company intends to monthly export 25,000 tons to 30,000 tons of oil products to Kazakhstan and 15,000 tons to 20,000 tons to Tadjikistan. The plans are to cover roughly 3% of all oil products consumed in Kazakhstan and get the share of 30% to 35% in Tadjikistan. (kommersant.com)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.