- CEO
- Vladimir Leonidovich Bogdanov
- Full Time Employees
- 113,000
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- Building 1 Surgut HM Russian Federation 628415
- IPO Date
- Sep 1, 1995
- Business
- Surgutneftegas Public Joint Stock Company (SNGS.ME) operates as one of Russia's largest private vertically integrated oil and gas companies, engaging in exploration, production, refining, gas processing, and marketing of hydrocarbons. The company produces crude oil and natural gas primarily from fields in Western Siberia, Eastern Siberia, and the Timan-Pechora provinces; refines petroleum into motor fuels, diesel fuel, jet fuel, aromatics, liquid paraffin, bitumen, roofing and insulation materials; processes gas to yield dry stripped gas and liquid hydrocarbons such as propane; and markets these products through wholesale, retail channels including fuel stations in northwest Russia, and exports notably to Belarus. Founded in 1993 through the merger of state-owned entities with roots tracing to 1964 operations in Surgut, the company maintains headquarters at ul. Grigoriya Kukuyevitskogo 1, Surgut, Khanty-Mansi Autonomous Okrug–Yugra, Russia, and employs over 82,000 people across subsidiaries like Kirishinefteorgsintez which runs the Kirishi refinery in Leningrad Oblast. Surgutneftegas sustains operations in three key Russian oil and gas regions while holding stakes in entities such as Oneximbank and cooperating with Petersburg Fuel Company for retail. In January 2025, the company faced U.S. sanctions designating it and subsidiaries under the Energy Sector of the Russian Federation Economy determination, alongside UK measures, requiring transaction wind-downs by late February 2025 and heightening risks in global oil trade; it reported a significant net loss of 439.7 billion rubles in Q1 2025 amid broader sector pressures from Western restrictions, price caps, and market shifts to Asia.