The Oil of Gazprom to Spread Throughout Asia

In an effort to conquer retail markets of CIS, Gazprom Neft has incorporated subsidiaries in Kazakhstan and Tadjikistan. In the long term, the company intends to promote the chains of fuel stations there, though its today’s business is limited to wholesale trading in crude oil. The analysts say this move of Gazprom Neft is well-timed; the low-octane gasoline that Gazprom Neft will supply to Central Asia is becoming less popular in Russia.
Gazprom Neft announced Wednesday that its Kyrgyz subsidiary, Gazprom Neft–Asia, set up Gazprom Neft-Kazakhstan and Gazprom Neft-Tadjikistan in June. The Kazakh firm took on lease 11 bulk plants, and Tadjikistan’s subsidiary leased four bulk plants. Their next move will be pushing aside local traders in the sector of moderate wholesale.

But Gazprom Neft won’t confine to wholesale business in Central Asia. In the long-term, it is willing to construct or buy fuel stations in Kazakhstan and Tadjikistan. The company will be selling oil products from its Omsk NPZ refinery, mostly exporting the low-octane gasoline to these countries.

Kommersant