July 09, 2020

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Russia’s Gazpromneft-Lubricants sees boost in global sales of premium lubricants in 2019
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Photo courtesy of Gazprom Neft

Gazpromneft-Lubricants Ltd., the operator of Gazprom Neft’s oil business, boosted its sales of  in international markets to 106 thousand tons in 2019, an increase of 6.2% year-on-year. Deliveries of small-packaged G-Energy and Gazprom Neft branded premium products increased by 10.5% to 95.7 thousand tons.

The company’s geographic coverage of Gazprom Neft lubricants delivery has expanded to 86 countries in Europe, Asia, Africa and South America, primarily due to the active development of its premium products distribution network in both the retail and industrial segments. 

Gazpromneft-Lubricants is a subsidiary of Gazprom Neft focusing on the production and sales of oils, greases and technical fluids. Its products are manufactured at six production sites in Russia, Italy and Serbia. Gazpromneft-Lubricants controls 23% of the Russian packaged lubricants market and also operates in 86 countries worldwide.

In 2019, the sales volume of G-Energy premium oils via its own network of G-Energy Service stations rose by 61%, and the number of service stations increased to 210, up 40 stations. The number of regular customers and partners of the service throughout Russia and abroad reached half a million.

In Russia, sales of premium products increased by 5.3%, accounting for 205 thousand tons. In 2019, the total sales of Gazprom Neft motor, transmission and industrial oils in Russia and abroad reached 708 thousand tons.

“Our business has noticeably changed its lubricants portfolio towards high-tech products. We have been observing this trend for several years, but in 2019 it increased significantly. The past year has shown that our premium developments are valued not only in Russia, where we actively participate in import substitution programs, but also abroad. However, the modern consumer needs not just a high-quality product — they need a positive customer experience, first of all, to solve issues related to car operation and equipment. Responding to these changes, we are developing a system of engineering services for both retail customers and business partners, and we see this as a growth zone in the highly competitive lubricants market,” said Alexandr Truhan, director general of Gazpromneft-Lubricants.

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