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Gazprom neft' OAO Reorganizes Its Wholesale and Retail Business; Establishes LLC Gazpromneft - Regional Sales –Interfax

Wednesday, 26 Jun 2013 04:41am EDT 

Interfax reported that Gazprom neft' OAO (Gazprom Neft) plans to finish up a project to separate its wholesale and retail business in the third quarter (Q3) of 2014, Director for Regional Sales Mr. Alexander Krylov said at a press conference in Moscow. The reorganization process as a whole will take a year-and-a-half to two years. The key objective of the project is to raise efficiency of sales and corporate management, particularly by simplifying and consolidating the sales structure and dividing up the financial results of the wholesale and retail business. Mr. Krylov said that in order to manage wholesale sales, Gazprom Neft registered LLC Gazpromneft - Regional Sales in St. Petersburg, with four branches: a central one in Moscow, a Urals one in Tyumen, a West Siberian one in Omsk and an East Siberian one in Kemerovo. Gazpromneft - Regional Sales sells petroleum products to small wholesale clients and practices regional logistics. Its central branch kicked off operational activities in April, and the rest began in June. Gazprom Neft started reorganizing its retail business this June, with the unification of its petroleum product supply enterprises into three clusters: a central one in St. Petersburg (managed by CJSC Gazpromneft - North-West), a Urals cluster in Yekaterinburg (OJSC Gazpromneft - Urals), and a Siberian one in Novosibirsk (OJSC Gazpromneft - Novosibirsk). 

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