Profile: Surgutneftegaz OAO (SNGS.MM)

Surgutneftegaz OAO (Surgutneftegaz OJSC) is a Russia-based company engaged in the oil industry. The Company’s activities include prospecting and exploration of hydrocarbons, oil and oil and-gas fields development and construction; oil products and petrochemicals manufacturing and marketing; gas processing, and gas products marketing. The Company operates through three representative offices in Moscow, Saint Petersburg and Yakutsk, as well as 14 subsidiaries, located on the territory of the Russian Federation. Surgutneftegaz OAO sells its products domestically and abroad, including: the Commonwealth of Independent States (CIS) countries and European and Asian countries. As of December 31, 2011, the Company’s major shareholder was ING Bank ZAO with a stake of 11.42%. In November 2012, Surgutneftegaz OAO decided to terminate the Company's participation in LLC National Oil Consortium (NOC).