Gazprom Neft and Krastsvetmet to launch joint engineering projects

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AK&M 15 November 2026 19:06

Gazprom Neft and Krastsvetmet will jointly develop technologies in the field of extracting minerals from reservoir waters of deposits. The corresponding agreement was signed at the St. Petersburg International Economic Forum. This is stated in the message of the parties.

Hydromineral raw materials from the reservoir waters of oil and gas fields contain components and compounds that are widely in demand in industry. Today, these cells are used in various industries, from medicine and chemistry to battery production, but a significant part of them are imported. Modern technologies make it possible to environmentally extract components from the produced water during the development of deposits and prepare them for industrial use, the report says.

The partners will launch joint engineering projects for the extraction of lithium, bromine, strontium, vanadium and gallium from hydromineral raw materials. The parties will develop domestic technologies and equipment for the extraction and processing of valuable chemical components, as well as consider the possibility of cooperation in other areas. At the first stage, the partners will work out a business model for joint activities, as well as assess the demand for products and technological solutions in the industry market. In the future, Gazprom Neft and Krastsvetmet will be able to replicate their developments both at fields in Russia and abroad.

Krastsvetmet is a major producer of precious metals. The company produces all platinum group metals, gold and silver from mineral and secondary raw materials, produces jewelry and technical products. The Krasnoyarsk Territory owns 100% of the shares of Krastsvetmet.

Gazprom Neft PJSC (TIN 5504036333) and its subsidiaries are holders of licenses for exploration and development of deposits. The proven oil reserves in the company's fields exceed 4.5 billion barrels. Gazprom Group is the largest shareholder of the company.

Gazprom Neft's profit attributable to shareholders for 2024 under IFRS amounted to 479.45 billion rubles against 641.11 billion rubles a year earlier (-25.2%). Revenue increased by 16.5% to RUB 4.1 trillion from RUB 3.52 trillion, adjusted EBITDA increased by 5.8% to RUB 1.39 trillion from RUB 1.32 trillion.

Gazprom Neft's revenue under IFRS for the first quarter of 2025 fell by 8.8% to 890.916 billion rubles from 977.298 billion rubles a year earlier. Adjusted EBITDA decreased by 23% to RUB 271.998 billion from RUB 353.459 billion, and profit attributable to Gazprom Neft shareholders decreased by 41.9% to RUB 92.636 billion from RUB 159.501 billion.