Gazprom Neft

Definition

Gazprom Neft is a subsidiary of the Russian energy corporation Gazprom, specializing in the exploration, production, refining, and distribution of oil. It plays a crucial role in both the Russian and global energy markets by contributing to the oil supply chain.

Related terms

Exploration: The process of searching for natural resources, such as crude oil or natural gas, under Earth's surface.

Refining: A series of processes by which crude oil is heated and separated into various components or finished products such as gasoline.

Distribution:

The phase in the supply chain where products are delivered to their final destination or to intermediaries for further distribution.