ForteInvest

What ForteInvest does

ForteInvest (JSC ForteInvest) is a Russian privately-held integrated oil and gas holding company founded in February 2011 and headquartered in Moscow. The company operates across the full petroleum value chain, from upstream exploration and production through downstream refining to wholesale distribution of finished products. Its upstream operations are conducted through wholly-owned subsidiaries Preobrazhenskneft, Oilgaztet, and Geoprogress in the Orenburg Region, holding combined oil reserves exceeding 50 million tons. Downstream refining is anchored by its majority-owned subsidiary PJSC Orsknefteorgsintez in Orsk, supplemented by wholly-owned LLC Afipsky NPZ, with a stated target of approximately 99% refining depth and an output portfolio of more than 30 petroleum products spanning motor gasolines, diesel, jet fuel, fuel oil, liquefied gases, bitumens, and specialty products.

The company's commercial model is wholesale-driven and export-oriented. ForteInvest sells large and small wholesale volumes to B2B customers across the Russian domestic market and to export markets including Kazakhstan, Tajikistan, Kyrgyzstan, Uzbekistan, Mongolia, Afghanistan, China, and Belarus. Distribution is executed via direct enterprise sales, a tender system, and exchange trading on the Saint Petersburg International Mercantile Exchange (SPIMEX), with international trading supported through its Switzerland-based subsidiary ForteInvest AG. Pricing is not publicly disclosed. Products comply with GOST, TR EAEU, and Euro 5 ecological standards. ForteInvest ranked 46th in the 2020 Forbes rating of Russia's 200 largest private companies.

ForteInvest operates with a lean corporate headcount of 51-100 employees (reflecting its holding structure over operating subsidiaries) and reported RUB 10.3 billion in tax and non-budgetary fund contributions from Orsknefteorgsintez alone in H1 2022. The company is currently exposed to Russian regulatory tightening, including a 4.9% excise duty increase effective January 2024 and a government-imposed six-month ban on gasoline exports from March through August 2024, both of which directly affect its wholesale margin profile and export channel.

Name

ForteInvest

Legal name

Joint-Stock Company "ForteInvest"

Website

https://forteinvest.ru

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

ForteInvest is a privately-held Russian integrated oil holding company operating from upstream exploration in the Orenburg Region through refining at Orsknefteorgsintez and Afipsky NPZ to wholesale distribution of 30+ petroleum products across Russia and eight export markets in CIS and Asia.

Ownership category

akta.pro rank

Product category

Petroleum Refining

NAICS

Petroleum Refineries (324110), Oil and Gas Extraction (2111)

SIC

Petroleum Refining (2911), Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

akta.pro secondary industries

Greases & Specialty Lubricants (Greases, Pastes, Chain Oils, Silicone/Fluoro) (EUALAJAJ), NGL & Light Ends Feedstocks (Ethane, Propane, Butane, Natural Gasoline) (EUALAHAA)

Keywords

• Oil exploration production
• Petroleum refining
• Wholesale fuel distribution
• Upstream downstream integration
• Petroleum products wholesale

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel

Revenue model

1. Petroleum Products Wholesale: The company generates revenue through the wholesale sale of more than 30 types of petroleum products including motor gasolines, diesel fuel, jet fuel, fuel oil, oils, liquefied gases, and bitumen produced at their refineries. Revenue is derived from both domestic Russian market sales and exports to near and far abroad countries.
2. Oil Exploration and Production: Revenue from oil extraction operations in the Orenburg region through subsidiaries Preobrazhenskneft, Oilgaztet, and Geoprogress. Total oil reserves of the Orenburg production unit exceed 50 million tons.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

ForteInvest is an integrated Russian oil holding that conducts exploration and production of crude hydrocarbons in the Orenburg region and refines them at the Orsknefteorgsintez refinery (and Afipsky NPZ) into more than 30 types of petroleum products, which it sells wholesale to enterprise customers in Russia and abroad. The portfolio spans motor gasolines, Euro-grade diesel fuels, jet fuel, fuel oil, liquefied gases, oil bitumens, and specialty refinery outputs, all produced under Russian GOST standards.

Product overview

ForteInvest is an integrated Russian oil company operating across upstream (exploration and production) and downstream (refining) segments. The company produces more than 30 types of petroleum products at its refineries including Orsknefteorgsintez and Afipsky NPZ. The product portfolio comprises motor gasolines (AI-80 through AI-95 in ecological classes K4/K5), jet fuels (RT and TS-1 grades), diesel fuels (EURO grades in summer, off-season, and winter variants), fuel oils (Heating Oil 100 in multiple specifications), liquefied gases (propane-butane mixtures, propane, butane), oil bitumens (road and roofing grades), and specialty products including technical sulfur, benzene fraction, oil tar, and dewaxed hydrocracking distillate. The Orsk refinery aims for refining depth approaching 99%.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Gasolines (AI-95-K5, AI-92-K4, AI-92-K5, AI-80-K5, Export AI-80-K2, Natural Stable Gas) Unleaded motor gasolines including AI-95 and AI-92 of ecological classes K4/K5, conventional AI-80, export variant AI-80-K2, and natural stable gas, produced to GOST 32513-2013 and STO 05034205 standards. Sold wholesale to fuel distribution and industrial buyers in Russia and CIS/Asian export markets.
• Jet Fuel (RT and TS-1 brands) Jet engine fuels for subsonic aircraft, available in RT and TS-1 grades and compliant with GOST 10227-86, sold wholesale to aviation fuel buyers and distributors.
• Diesel Fuel (EURO summer, off-season, winter grades) EURO diesel fuels across summer, off-season, and winter grades, including ecological classes K4 and K5 (DT-L-K5, DT-E-K5, DT-L-K4, DT-3-K4/K5), compliant with GOST 32511-2013 (EN 590:2009). Sold wholesale to fuel distributors and large fleet/industrial buyers.
• Fuel Oil (Heating Oil 100) Heating Oil 100 manufactured in 2.00%, 2.50%, and 3.00% ash content variants (low-ash and ashy grades), compliant with GOST 10585-2013, sold wholesale for industrial heating and power generation.
• Liquefied Hydrocarbon Gases (TPB, Butane Fraction, TP) Technical propane-butane (TPB), butane fraction, and technical propane (TP) liquefied gases produced at Orsk refinery, compliant with GOST R 52087-2018 and TR EAEU 036/2016, sold wholesale to LPG distributors and industrial gas buyers.
• Oil Bitumens (BND 70/100, BND 60/90, BND 40/60, BNK-40/180) Road viscous bitumens in grades BND 70/100, BND 60/90, BND 40/60, and roofing bitumen BNK-40/180, compliant with GOST 33133-2014 and GOST 22245-90, sold wholesale for road construction and roofing applications.
• Specialty Petroleum Products (Technical Sulfur, Benzene Fraction, Oil Tar, Dewaxed Hydrocracking Distillate) Specialty refinery outputs including technical granular sulfur (Grade 9998), lump technical sulfur (Grade 9950), benzene fraction, oil tar, and dewaxed hydrocracking distillate, compliant with GOST 127.1-93 and various STO standards, sold wholesale for chemical and industrial use.

Quantifiable outcome

• Refining depth approaching 99% at Orsk refinery
• +2 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered minor and core.

• SAFMAR Charitable FoundationminorOthersSAFMAR Charitable Foundation supported PJSC Orsknefteorgsintez in funding the 'Poznavarium' Ecological Park project for children at kindergarten No. 121. ForteInvest subsidiary receives charitable support for social projects.
• Preobrazhenskneft (Subsidiary)coreOthersSubsidiary of ForteInvest conducting exploration and production of raw hydrocarbons in the Orenburg Region. Total oil reserves exceed 50 million tons.
• Oilgaztet (Subsidiary)coreOthersOil and gas exploration company operating in the Orenburg Region as part of ForteInvest's upstream operations.
• Geoprogress (Subsidiary)coreOthersSubsidiary of ForteInvest involved in exploration of hydrocarbon reserves and oil production.
• Orsknefteorgsintez (PJSC)coreOthersForteInvest is the main shareholder and partner of Orsknefteorgsintez refinery. The refinery produces wide range of high-quality petroleum products including high-octane motor gasolines, Euro 5 Gasoil, jet fuel, fuel oil, oils, liquefied gases and bitumen.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ForteInvest