In 2018, Gazprom Neft’s Board of Directors approved a new Strategy through 2030 for the Company to become a global benchmark in efficiency, safety and technology-driven production.
More than a decade of strong progress has earned Gazprom Neft a spot among major players in the global oil and gas industry. We are firmly on track to deliver on targets set out in our 2025 Strategy as we complete the key projects that are mostly underway.
At the same time, high volatility in energy markets, fiercer and ever changing competition, and transformation in the energy industry at large all create new challenges to oil and gas businesses. Combined with the new scale of business and role of Gazprom Neft in the industry, this brought about the need to revise and update our strategy.
The new strategy – Strategy 2030
The new Strategy until 2030 succeeds the 2025 Strategy but focuses more on the Company’s market positioning, improving its flexibility when it comes to external changes and transforming key business processes. Gazprom Neft’s targets until 2030:
- build a next generation company;
- set the standards for other industry businesses in terms of efficiency, use of technology, and responsibility to shareholders and the community;
- rely on the Sustainable Development Goals approved by the UN General Assembly on 25 September 2015.