Oil and Gas Company INZERNEFT (further – INZERNEFT) was established on August 26, 1994 under RF Government Ordinance No.305 dated April 8, 1994 and Regulation of the Council of Ministers of the Republic of Belarus (RB) No.589-р dated June 15, 1994. The key founders of INZERNEFT were the State Property Committee of the Russian Federation, the State Property Ministry of the Republic of Belarus and approximately 4,000 individuals.
In November 2002, the RB Government sold the 10.83% block of INZERNEFT’s shares held by the Republic of Belarus. Pursuant to Decree No.1422-p of the Russian Federation Government dated October 9, 2002, 74.95% of the Company’s shares were sold at the auction on December 18, 2002.
At present, INZERNEFT’s equity makes 4,754,238 rubles and is divided into 4,754,238,000 ordinary shares with the nominal value of 0.1 kopeck each. Rosneft and Gazprom Neft control 99.8% of the Company’s shares on a par.
INZERNEFT is among the largest top ten oil companies of Russia in terms of crude oil production. The Holding’s vertically integrated structure ensures the full operational cycle – from exploration and hydrocarbons production to refining. INZERNEFT holds licenses for exploration, oil and gas production in 35 license areas located in West Siberia and East Siberia.
INZERNEFT produces the main quantities of raw hydrocarbons in Khanty-Mansi Autonomous Area – Yugra, where PJSC Slavneft-Megionneftegaz (PJSC SN-MNG, Company’s Subsidiary) performs its operational activity. The Enterprise develops the Megionskoye, Aganskoye, Vatinskoy, Tailakovskoye fields and a number of other fields in the Nizhnevartovsk, Surgut and Nefteyugansk regions of the Autonomous Area. Produced oil is delivered to the system of PJSC Transneft oil trunk pipelines for further transportation to Russian refineries and for export.
Development of the East Siberian resource potential is an important focus of the INZERNEFT development strategy. OOO Inzerneft-Krasnoyarskneftegaz and OOO Baikit Oil & Gas Exploratory Expedition (OOO BNGRE) being part of the Holding explore, prospect and produce hydrocarbons in this region.  At present, main operational facilities of the above Enterprises are concentrated in the Kuyumbinskoye field and Yurubcheno-Tokhmoskoye field of the Krasnoyarsk region. Commercial oil is delivered to the system of the Kuyumba-Taishet oil trunk pipeline.
The INZERNEFT refining complex includes two large enterprises – Inzerneft-YANOS PJSC (Yaroslavl region, Russian Federation) and OAO Mozyr Refinery (Gomel region, Republic of Belarus). Company’s Refineries manufacture the products, which conform to the international standards, due to the developed operational infrastructure, up-to-date process equipment, and application of the latest achievements in refining.

The business strategy implemented by INZERNEFT is focused on ensuring sustainable development of the oil production and refining capacities. At present, Company’s key tasks are to upgrade further the process units, restructure the business, develop the effective interaction model for the Holding’s enterprises, decrease expenses and improve the operational performance.

INZERNEFT shareholding structure (as of December 31, 2020): 

  • OOO Invest-Oil: 86.5859%;
  • OOO GPN-Invest: 6.5863 %;
  • ТОС Investments Corporation Limited: 6.6640 %.


The corporate governance system, which is in force in INZERNEFT, serves to make the effective decisions that ensure the Company progressive and sustainable development in favor of all its shareholders. In the governance activity, INZERNEFT follows the world experience, practice of Russian business leaders, and national corporate governance standards.

INZERNEFT’s corporate governance is based on the principles specified below:
  • Observe and protect shareholders’/ investors’ rights granted to them in line with the legislation, Articles of Associations and Company’s regulatory documents.
  • Provide the shareholders with reliable and effective methods for exercising their rights and protecting their interests.
  • Ensure overall management of the Company’s activity by the INZERNEFT Board of Directors.
  • Ensure fair and reasonable management of the Company’s activity by all INZERNEFT’s governance bodies.
  • Disclose the true and reliable information about  INZERNEFT’s activity promptly and in full; ensure the Company’s financial transparency.
  • Implement and maintain the effective system of internal audit over the Company’s financial and business activity.
  • Acknowledge and observe the rights and interests of all concerned parties provided by the legislation; implement principles of the socially responsible Company.
  • Comply with the business ethics codes.


In accordance with the Charter of INZERNEFT, the Company’s supreme management body is the General Meeting of Shareholders. The Company’s Board of Directors ensures strategic management of the Company’s activities. The Board of Directors has established the Audit Committee and the Staff and Remunerations Committee. These Committees are of an advisory and consultative nature and shall ensure effective performance of the duties by the Board of Directors. The day-to-day operation of INZERNEFT is governed by the General Director of the Company (the sole executive body).

Board of Directors of INZERNEFT

Deputy Chairman of the Management Board, Deputy CEO for Upstream, Gazprom Neft PJSC
Didier CasimiroMember of the Management Board, First Vice President, Rosneft
Kirill A. Kravchenko
Member of the Management Board, Deputy CEO for Administration, Gazprom Neft PJSC
Ural A. Latypov
Vice President – Head of Security Service, Rosneft
Rostislav R. Latysh
Director of the Consolidated Planning and Reporting Department, Rosneft
Sergei A. Papenko
Head of the Department for Organizational Development and Liaison with Joint Ventures, Gazprom Neft PJSC
Artem V. Prigoda
Operational Planning Advisor in the rank of Vice President, Rosneft
Zeljko Runje
Deputy Chairman of the Management Board, First Vice President for Oil, Gas, and Offshore Business Development, Rosneft
Anatoly M. Cherner
Deputy Chairman of the Management Board, Deputy CEO for Logistics, Processing and Sales, Gazprom Neft PJSC
Alexei V. Yankevich
Member of the Management Board, Deputy CEO for Economics and Finance, Gazprom Neft PJSC
Secretary of the Board of Directors – Olga I. Utrobina
Staff and Remunerations Committee of the Board of Directors of INZERNEFT


Kirill A. Kravchenko
(Committee Chairman)
Member of the Management Board, Deputy CEO for Administration, Gazprom Neft PJSC
Andrei I. ZhilkinDirector of the HR Department, Rosneft
Sergei A. LyalikovHead of the HR Support Directorate in the Group Companies, HR Department, Rosneft
Sergei A. Papenko
Head of the Department for Organizational Development and Liaison with Joint Ventures, Gazprom Neft PJSC
Natalya G. PradedovaDeputy Head of the Salary & Incentives Directorate, HR Department, Rosneft
Sergei S. Saakyan
Head of the Economics and Investment Business Unit, Economics and Investment Department, Block for Logistics, Refining and Sales, Gazprom Neft PJSC

Audit Committee of the Board of Directors of INZERNEFT

Gennady I. Bukayev
(Committee Chairman)
Vice President, Head of Internal Audit, Rosneft
Galina Yu. Delvig
Director of the Office for Internal Audit, Control and Risk Management, Gazprom Neft PJSC
Olga B. KushnirHead of the Assets Integration Directorate, Consolidated Reporting and Methodology Department, Rosneft
Irina V. ShaninaHead of the Financial Reporting and Methodology Department, Gazprom Neft PJSC


Mikhail L. Osipov
General Director, INZERNEFT
Anton Yu. Fedorov
Deputy General Director for Economics and Finance, INZERNEFT
Andrei N. Trukhachev
Deputy General Director for Corporate Relations and General Issues, INZERNEFT