Slavneft () is a Russian

oil company The petroleum industry, also known as the oil industry, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products o ...

, and ranks eighth largest nationally. The company is headquartered in

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

History

In 1994, the Russian and Belarusian governments created a

joint enterprise The doctrine of common purpose, common design, joint enterprise, joint criminal enterprise or parasitic accessory liability is a common law legal doctrine that imputes criminal liability to the participants in a criminal enterprise for all reaso ...

, with each side contributing an

oil refinery An oil refinery or petroleum refinery is an industrial processes, industrial process Factory, plant where petroleum (crude oil) is transformed and refining, refined into products such as gasoline (petrol), diesel fuel, Bitumen, asphalt base, ...

as assets. This company became

privatized Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation w ...

in 2002, selling for $1.86 billion. Slavneft took the 26th place in the

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

ranking of the "70 largest investor companies in Russia — 2024".

Assets

The company's subsidiary, "Slavneft-Megionnetftegaz" (), was responsible for building up the city of

Megion Megion () is a town in Khanty-Mansi Autonomous Okrug–Yugra, Russia, located at the altitude of above sea level, on the right bank of the Ob River, east of Khanty-Mansiysk and northeast of Tyumen. The area of the town is and the nearest air ...

as a center for the oil industry. The company also operates

Yaroslavl Refinery The Yaroslavl Refinery () is an oil refinery plant in the Russian city of Yaroslavl, one of the largest in the country. This refinery has belonged to the Russian company Slavneft since 2001. History In 1952, the Soviet Ministry of Oil Indus ...

Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...

and Mozyr Refinery in

Belarus Belarus, officially the Republic of Belarus, is a landlocked country in Eastern Europe. It is bordered by Russia to the east and northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Belarus spans an a ...

as its main

oil refineries An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liquefied pet ...

Owners and management

The company is owned on an equal basis by

Gazprom PJSC Gazprom ( rus, Газпром, , ɡɐsˈprom) is a Russian State-owned enterprise, majority state-owned multinational Energy industry, energy corporation headquartered in the Lakhta Center in Saint Petersburg. The Gazprom name is a contract ...

and

Rosneft PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and pet ...

. On November 25, 2022 Mikhail Osipov was the manager of Slavneft.

References

{{Reflist Oil companies of Russia Companies established in 1994