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Gazprom Neft increased international lubricant sales 6.2% in 2019

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Hydrocarbon Engineering,


Gazpromneft-Lubricants, the operator of Gazprom Neft’s oil business, boosted its sales of premium lubricants in international markets to 106 000 t in 2019, an increase by 6.2% year-on-year. Deliveries of small-packaged G-Energy and Gazprom Neft branded premium products increased by 10.5% to 957 000 t.

The company’s geographic coverage of Gazprom Neft lubricants delivery has expanded to 86 countries in Europe, Asia, Africa and South America, primarily due to the active development of the premium products distribution network in both the retail and industrial segments. In 2019, the volume of sales of G-Energy premium oils via its own network of G-Energy Service stations boosted by 61%, and the number of service stations increased to 210 (up 40 stations). The number of regular customers and partners of the service throughout Russia and abroad reached 500 000.

In Russia, sales of premium products increased by 5.3%, accounting for 205 000 t. In 2019, the total sales of Gazprom Neft motor, transmission and industrial oils in Russia and abroad amounted to 708 000 t.

“Our business has noticeably changed its lubricants portfolio towards high-tech products. We have been observing this trend for several years, but in 2019 it increased significantly. The past year has shown that our premium developments are valued not only in Russia, where we actively participate in import substitution programs, but also abroad. However, the modern consumer needs not just a high-quality product – they need a positive customer experience, first of all, to solve issues related to car operation and equipment. Responding to these changes, we are developing a system of engineering services for both retail customers and business partners, and we see this as a growth zone in the highly competitive lubricants market”, said Alexandr Truhan, Director General of Gazpromneft-Lubricants.

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/25032020/gazprom-neft-increased-international-lubricant-sales-62-in-2019/

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