- Business
- PJSC Slavneft-Yaroslavnefteorgsintez operates as a major oil refining company based in Yaroslavl, Russia, founded in 1958. The company specializes in the production of a broad range of petroleum products including motor gasoline, diesel fuel, jet fuel, aromatic hydrocarbons, heating oil, and various types of lubricants such as industrial, compressor, turbine, transmission, and motor oils. It also manufactures liquefied gases, bitumen for road, construction, and roofing uses, paraffin-wax products, sulfuric acid, technical sulfur, base oils of group III, low-viscosity hydrocarbon bases for drilling fluids, vacuum residue, and fuel oil. The company’s refinery operates with advanced technology to ensure a high processing level and competitiveness in both Russian and international markets. Its main suppliers of crude oil are Gazprom Neft and NK Rosneft on a parity basis.
In recent developments, Slavneft-Yaroslavnefteorgsintez has embarked on significant operational enhancements including the construction of a delayed coking complex aimed at increasing the depth of oil refining to nearly 100%. This expansion, expected to complete in 2024, will broaden the product range and increase production efficiency substantially. The company also signed a new collective agreement in November 2023, reaffirming its workforce and operational stability. Although Slavneft experienced a net loss in 2024, its revenue increased by approximately 16%, reflecting resilience and growth in market presence. The company remains a key player in Russia’s oil refining industry, operating primarily within the Yaroslavl region while serving both domestic and export markets.
Slavneft-Yaroslavnefteorgsintez operates as a joint venture primarily influenced by Russian state-controlled oil majors and continues to focus on upgrading its refining capabilities while expanding its portfolio of high-quality petroleum products to meet evolving market and regulatory standards.