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April 27, 2016

Volume 17 Issue 52

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Gazprom’s Lube, Base Oil Sales Soared in 2015

Gazpromneft-Lubricants’ combined sales of base oils and lubricants rose by 11 percent to 528,000 tons in 2015, driven by increased domestic and foreign marketing of its finished products, the company said.

“Last year we sold 351,000 tons of finished products and 177,000 tons of base oils,” Gazpromneft-Lubricants told Lube Report. “Of these, domestic and foreign [premium] product sales amounted to 222,000 tons, up 24 percent compared to the 2014 sales,” the company said.

Photo: Gazpromneft-Lubricants

Russia’s Gazpromneft Lubricants, which holds a Chevron Marine Lubricants license, manufactures marine oils under the Texaco brand.

Sales of synthetic and semi-synthetic products under the company’s flagship G-Energy motor oil brand rose by 69 percent to 32,000 tons, the largest increase for the brand since its introduction in 2010.  

Gazpromneft became a significant player in the marine oils niche as well, the company said. “Last year we became a market leader and increased our share in the country’s marine oil market to 26 percent, by realization of 8,000 tons of marine oil sales, up from 2,500 tons in 2014,” the company said. Gazpromneft holds a Chevron Marine Lubricants license and markets marine oils under the Texaco brand.

In addition, the company continued developing its chain of fast lube service stations. The G-Energy chain, launched in 2014, now has 20 branded service stations in Russia and neighboring countries. In 2016 the company plans to go forward with its plans and open a few more stations in Russia and other former member nations of the Soviet Union, in Western Europe and in the Middle East.

In 2015 the company expanded sales in India, Vietnam, Croatia and Cyprus. G-Energy- and Gazpromneft-branded finished products are now sold in 57 countries.

“Our strategy is to pursue technological leadership in the Russian market,” said Alexander Trukhan, Gazpromneft-Lubricants’ general director.

The company is Russia’s third major lubricant marketer after Lukoil and Rosneft. In 2015 Gazpromneft held a 15 percent share of the country’s lubricant market.

Gazprom Neft operates API Group I base oil plants located at its Omsk and Yaroslavl refineries. The latter it owns in a 50-50 joint venture with Rosneft. The company’s lube subsidiary runs five blending plants – three in Russia and two in Serbia and Italy.