Surgutneftegas
Surgutneftegas PJSC is a Russian vertically integrated oil and gas company — one of Russia's largest private producers (10.7% of national output) — operating upstream in three provinces, refining at the KINEOF Kirishi facility, and selling via Russian exchanges and exports to Asian refiners.
- Company typePublic
- Founded1977
- HeadquartersSurgut, Russia
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Surgutneftegas does
Surgutneftegas PJSC is a Russian vertically integrated oil and gas company established in 1977 and headquartered in Surgut, Khanty-Mansi Autonomous Okrug. It operates across the full hydrocarbon value chain: exploration and production of crude oil and natural gas in three major Russian petroleum provinces (West Siberian, East Siberian, and Timan-Pechora); oil refining through its wholly-owned subsidiary KINEOF (Kirishinefteorgsintez), the only major refinery in Russia's Northwestern region, processing approximately 17.5 million metric tons of oil per year (~350,000–400,000 bpd) and accounting for 6.9% of domestic refining capacity; associated petroleum gas processing with a 98.8% utilization rate through the company's own gas processing plant; and downstream distribution via five regional sales subsidiaries (Kirishiavtoservis, Pskovnefteprodukt, Kaliningradnefteprodukt, Novgorodnefteprodukt, Tvernefteprodukt) covering Northwestern Russia. The company accounts for approximately 10.7% of Russia's crude oil production and 15% of national development drilling.
The company monetizes output through two primary channels. Domestically, all refined products and gas processing output are sold exclusively through accredited Russian commodity exchanges — the Saint Petersburg International Mercantile Exchange (SPIMEX) and the AO Eastern Exchange — with Surgutneftegas also acting as a paid broker on SPIMEX at 30 rubles/ton, ensuring non-discriminatory market-based pricing. Internationally, crude oil is exported via seaborne shipments; together with Gazprom Neft, Surgutneftegas accounts for ~970,000 bpd or ~30% of Russia's seaborne oil exports, with Indian refiners (Indian Oil Corporation, Bharat Petroleum, Reliance Industries) explicitly named as significant buyers. Customers span domestic B2B wholesale buyers, regional retail fuel end-users in Northwestern Russia, and large international refiners in China and India. The company has been sanctioned by the U.S. (January 10, 2025) and the U.K., and its Kirishi refinery has been non-operational since late March 2026 following Ukrainian drone strikes.
Surgutneftegas firmographics
Firmographics- Name
- Surgutneftegas
- Legal name
- ПАО «Сургутнефтегаз»
- Website
- https://surgutneftegas.ru
- Company type
- Public
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Surgutneftegas PJSC is a Russian vertically integrated oil and gas company — one of Russia's largest private producers (10.7% of national output) — operating upstream in three provinces, refining at the KINEOF Kirishi facility, and selling via Russian exchanges and exports to Asian refiners.
- Ownership category
- akta.pro rank
Surgutneftegas industry classification
Industry- Product category
- Oil and Gas Exploration & Production
- NAICS
- Crude Petroleum Extraction (21112), Crude Petroleum Extraction (211120), Petroleum Refineries (324110), Oil and Gas Extraction (2111)
- SIC
- Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911), Oil & Gas Field Exploration Services (1382)
- akta.pro primary industry
- Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)
- akta.pro secondary industries
- Hydroskimming Refineries (Topping & Simple Refineries) (EUALAGAA), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)
Keywords
Where Surgutneftegas is headquartered
LocationHeadquarters
- HQ city
- Surgut
- HQ country
- Russia
- HQ region
- Europe
Offices3 records
Markets served
Surgutneftegas business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Revenue model
- Oil and Gas Exploration and Production: Exploration, development and production of crude oil and natural gas across three Russian oil and gas provinces (West Siberian, East Siberian, Timan-Pechora). This is the upstream segment of the vertical integration.
- Oil Refining: Oil refining through KINEOF subsidiary, producing motor fuels (gasoline, diesel, jet fuel), aromatic hydrocarbons, liquid paraffin, mazut, bitumen, and other petroleum products meeting international quality standards.
- Product Sales via Exchange Trading: All refined products from KINEOF and the gas processing plant are sold exclusively through exchange trading on AO Petersburg Exchange and AO Eastern Exchange, ensuring non-discriminatory pricing based on market conditions. The company also provides broker services in the Oil Products Section of the Saint Petersburg Exchange for a fee of 30 rubles/ton.
- Gas Processing: Processing of associated petroleum gas into dry stripped compressed gas and liquid hydrocarbons through the company's own gas processing plant.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Products sold exclusively through exchange trading on AO Petersburg Exchange and AO Eastern Exchange at market-determined prices. |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels2 records
Surgutneftegas product offering
Product offeringCore offering
Surgutneftegas is a vertically integrated oil and gas company engaged in the exploration, production, refining, and sale of hydrocarbons. It operates across three major Russian petroleum provinces (West Siberian, East Siberian, and Timan-Pechora), runs the KINEOF (Kirishinefteorgsintez) refinery in Northwestern Russia, processes associated petroleum gas, and sells refined products through Russian commodity exchanges and a network of regional sales subsidiaries.
Product overview
Surgutneftegas PJSC is a vertically integrated oil and gas company operating across the full hydrocarbon value chain. The company encompasses Exploration and Production Services for oil and gas extraction, Oil Refining through its subsidiary OOO KINEF at the Kirishi refinery (6.9% of Russian refining capacity), Gas Production and Processing facilities, and Petroleum Product Sales through Russian stock exchanges. The retail distribution network is handled by five regional subsidiaries. The company operates primarily in the West Siberian, East Siberian, and Timan-Pechora petroleum provinces.
Differentiator
Problem solved
Functional benefit
Brands
- KINEF: Oil refining products including motor fuels, aromatic hydrocarbons, liquid paraffin, and other petroleum products meeting international quality standards
Quantifiable outcome
- 98.8% associated petroleum gas utilization rate — among the highest in Russia
- +2 more outcomes
Companies that use Surgutneftegas
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Surgutneftegas technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Surgutneftegas partnerships and signals
Strategic signalScale indicators8 records
Recent moves5 records
Expansion highlights4 records
Surgutneftegas competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Surgutneftegas social profiles
Digital presenceSurgutneftegas financial estimates
Financial estimateRevenue estimate
Valuation estimate
Surgutneftegas leadership team
Management profileNumber of profiles
Profiles1 record
Surgutneftegas subsidiaries and ownership
Company hierarchySubsidiaries7 records
Surgutneftegas funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Surgutneftegas M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Surgutneftegas
What does Surgutneftegas do?
Surgutneftegas is a vertically integrated oil and gas company engaged in the exploration, production, refining, and sale of hydrocarbons. It operates across three major Russian petroleum provinces (West Siberian, East Siberian, and Timan-Pechora), runs the KINEOF (Kirishinefteorgsintez) refinery in Northwestern Russia, processes associated petroleum gas, and sells refined products through Russian commodity exchanges and a network of regional sales subsidiaries.
Is Surgutneftegas a public or private company?
Surgutneftegas is a public company. It is classified as public and is currently operating.
When was Surgutneftegas founded?
Surgutneftegas was founded in 1977. It employs 5,001 to 10,000 people.
Where is Surgutneftegas based?
Surgutneftegas is headquartered in Surgut, Russia, in the Europe region.
How does Surgutneftegas make money?
Four revenue lines are on record. Oil and Gas Exploration and Production is the primary driver. The others are oil Refining, product Sales via Exchange Trading and gas Processing.
Does Surgutneftegas have an API?
No public API is recorded for Surgutneftegas.
What industry is Surgutneftegas in?
Surgutneftegas's product category is Oil and Gas Exploration & Production. Its primary akta.pro industry code is EUALABAH, Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals), with a secondary code of EUALAGAA, Hydroskimming Refineries (Topping & Simple Refineries). Its NAICS code is 21112 and its SIC code is 1311.