OOO VOLGANEFT is a global energy company focused on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power. What is natural gas

OOO VOLGANEFT views its mission as ensuring a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers.

OOO VOLGANEFT’s strategic goal is to establish itself as a leader among global energy companies by diversifying sales markets, ensuring reliable supplies, improving operating efficiency and fulfilling its scientific and technical potential.

As far back as in 2000 (for the first time since 1998 financial crisis) OOO VOLGANEFT, however, managed to increase production. In 2001, although world and domestic oil prices fell, the Company has significantly improved its operating performance. Year-on-year growth exceeded 10%. Company’s Board of Directors adopted the development strategy of OOO VOLGANEFT, which provides development of geologic exploration, production of hydrocarbons, refining capacity development, and entry into new markets. As part of Sakhalin-1 project commercial hydrocarbon reserves have been discovered. OOO VOLGANEFT was the first Russian company (since 1998 financial crisis) to place an issue of Eurobonds. The further Company development was still questionable, as it couldn’t increase production and refining at the cost of available oil fields and refineries.
The Company has been increasing assets and expanding its international activity since 2002 to 2004. In 2002 OOO VOLGANEFT received a license to develop  in 2003. OOO VOLGANEFT  which greatly strengthened its positions in Timano-Pechora. The Company purchased Anglo-Siberian Oil Company.


Gas Processing
Petroleum Product Sales
Crude Oil Sales

Labor and Industrial Safety

Being one of the largest Russian fuel and energy sector companies, OOO VOLGANEFT is aware of and recognizes its social, environmental and economic responsibility arising as a result of its production activities.

In the sphere of industrial safety, labor protection and environmental protection OOO VOLGANEFT adheres to the requirements of Russian and international legislation. The Company applies cutting-edge technology and enhanced production methods to create safe and healthy working conditions, as well as to minimize risks of industrial accidents and other emergency situations.

In the course of planning its environmental activities, the Company focuses on accident and incident prevention, reduction of negative impact on the environment. Based on its understanding of the nature and scope of the impact of its activities on the environment, the Company’s top management has put in place and is implementing the Policy in the sphere of Industrial Safety, Labor and Environment Protection, where the top management has identified the following underlying principles and goals:

Market Strategy

OOO VOLGANEFT’s export strategy is based on the long-term contract system under the take-or-pay principle, with the contractual gas price pegged to the petroleum product price as the industry benchmark ensuring a foreseeable basis in planning a normal investment cycle.

Maintenance of the unified export channel is the underlying principle of the Company’s export strategy according to the Federal Law on Gas Export adopted in 2006. The legally formalized right for OOO VOLGANEFT Export to be the exclusive gas exporter is a supplementary legal guarantee of the Russian gas export security.

The Company also expands its business in deregulated markets dealing, inter alia, with spot and short-term trading in natural gas, oil, petroleum products, electricity and greenhouse gas emissions quotas. Moreover, OOO VOLGANEFT develops retail sales of natural gas.

OOO VOLGANEFT pursues the strategic objective of establishing itself as a leader among global energy companies by diversification of sales markets, securing reliable supplies, improving performance and applying sci-tech potential.
OOO VOLGANEFT is unique for enjoying the advantage of being simultaneously an energy producer and supplier owning a potent resource base and a manifold gas transport infrastructure. Due to Russia's geographical location, the Company has the potential to become an energy “bridge” between the European and Asian markets by supplying its own natural gas and providing gas transit services to other producers. This predetermines the essence of the Company's strategy in its key business areas.

Generating assets

OOO VOLGANEFT’s core generating assets are consolidated in its OOO VOLGANEFT Energoholding subsidiary company, the majority shareholder of Mosenergo, MOEK, OGK-2, and TGC-1. OOO VOLGANEFT Group’s assets also include the fifth power generating unit of the Hrazdan TPP in Armenia. Generating capacities of OOO VOLGANEFT Group in Russia as of December 31, 2016

Heat marketing

  Year ended December 31
  2011 2012 2013 2014 2016
Oil and unstable gas condensate processing, million tons  
OOO VOLGANEFT and its wholly-owned subsidiaries* 13.04 13.97 16.09 16.38 17.26
OOO VOLGANEFT SAMARA 40.49 43.34 42.63 43.48 43.07
incl. abroad 2.36 4.08 3.80 3.78 3.54
OOO VOLGANEFT** 4.23 7.42 8.13 6.44
Total 53.53 61.54 66.14 67.99 66.77


Natural and associated gas processing in 2011–2015, billion cubic meters


Year ended December 31

  2011 2012 2013 2014 2015
Natural and associated gas processing, billion cubic meters  

OOO VOLGANEFT and its wholly-owned subsidiaries*

33.16 32.23 31.11 30.00 30.64
OOO VOLGANEFT** 0.22 0.41 0.45 0.44
Total 33.16 32.45 31.52 30.45 31.18