CJSC

JSC"SYNTHESIS PETROLEUM" (EXTRACTION OF CRUDE PETROLEUM AND NATURAL GAS) is a subsidiary which processes, transports and markets a wide range of products derived from crude oil, including gasoline, jet fuel, diesel, fuel oil, LPG and other refined oil products. In 2011, JSC"SYNTHESIS PETROLEUM" produced 1510 thousand barrels per day of refined products (including dry gas by-products of the refining process). The replacement pipeline represents another significant investment in the continuation of our JSC"SYNTHESIS PETROLEUM" operations, which have provided crude oil, condensate, LPG and natural gas to the Russian Federation market since they commenced operation. Pending regulatory approval, the construction of the replacement pipeline is expected to commence in late 2016. Our operations span from the exploration and production of oil and gas to the manufacture of petroleum products.