Sale of Oil and Petroleum Products

The Company sold 6.14 million tonnes of oil to the domestic market in 2015, an increase of 2.18 million tonnes from 2014. The sale of petroleum products in physical terms edged down slightly 0.1% in volume terms, but grew 3.4% in value.

Gazprom Neft exported 12.04 million tonnes of oil in absolute terms in the reporting year, or 12.5% more than in 2014. The increase is attributable to growth in oil exports from the Company’s Arctic regions. The decrease in petroleum product sales in non-CIS countries resulted from a reduction in the volume of trading operations with third-party resources by Gazpromneft-Trading as well as the decreased volume of oil refining at the Mozyr Oil Refinery in the Republic of Belarus by subsidiary Gazpromneft-Belnefteprodukt.