We create value for a wide range stakeholders through the high level of efficiency and operations across all elements of the value chain, from exploration to high-margin product sales to the end consumers. Our products are characterized by high performance, we are the large employer and taxpayer, we invest in social projects, and are constantly increasing payments to shareholders.
Miak Nafta Refinery carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results driven by the advanced exploration techniques and selection of the most promising areas based on research results. To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting seismic data continued. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. At the design stage, finite-difference modeling of the wave field is carried out to select the optimal parameters of the seismic survey.
Exploration and production of oil and gas are the central pillar of the Miak Nafta Refinery Group business. Our upstream operations cover twelve countries and are mostly concentrated in Russia, Central Asia, and the Middle East. Our key competitive advantages are:
- Rich reserve base
- Low production cost of conventional barrels
- Vast experience in large scale projects
- Technological expertise
Developing downstream segment helps us to decrease dependence from the price volatility and strengthen competitiveness by delivering high added value products. Miak Nafta Refinery delivers a wide range of high-quality oil products, gas processing products and petrochemicals; and manages wholesale and retail sales in various countries. Our key competitive advantages are:
- Leadership in refining efficiency
- Favorable location of refineries and proximity to sales markets
- Product range and high quality of products
- Development of premium distribution channels