Novatek PJSC NVTK

Overview

PAO NOVATEK, established in 1994 and originally known as OAO NOVATEK, underwent a name change in October 2016 to its current designation. As an independent oil and gas company, its operations are primarily concentrated in the acquisition, exploration, development, production, processing, marketing, and export of natural gas and liquid hydrocarbons. The company's main area of interest is the Yamal-Nenets Autonomous Region in Western Siberia, a significant hub for its reserves. In addition to its headquarters in Tarko-Sale, Russia, NOVATEK extends its services to include transportation, geological and geophysical research, along with renting and other miscellaneous services.

Products and Services

• Natural Gas: Primarily focused on the extraction and sale of natural gas, which is a significant component of the company’s revenue.
• Stable Gas Condensate: Involves the marketing and sale of stable gas condensate, a byproduct of natural gas processing.
• Gas Condensate Refined Products: Offering products derived from the refinement of gas condensate, catering to various industrial needs.
• Liquefied Petroleum Gas (LPG): Deals in the production and sale of LPG, used as a fuel in heating appliances, vehicles, and for industrial applications.
• Crude Oil: Engages in the extraction and sale of crude oil, with operations aimed at both domestic and international markets.
• Naphtha: Produces and markets naphtha, a product used primarily as a feedstock for producing a high-octane gasoline component and for chemical industries.
• Diesel Fuel: Offers diesel fuel, widely used in various modes of transport and industrial machines.
• Jet Fuel: Supplies jet fuel, catering to the aviation industry's needs for high-quality aviation turbine fuels.
• Methanol: Involved in the production and sale of methanol, an essential chemical used in numerous industrial processes.
• Petrol: Markets petrol, encompassing a range of automotive fuels designed for vehicles operating with spark-ignition engines.

In addition to these products, NOVATEK provides a suite of ancillary services including transportation, which ensures the safe and efficient delivery of its products; geological and geophysical research, aiding in the exploration and development of new reserves; and rent and other services, which encompass a broad range of support activities for its operations. This comprehensive array of offerings underscores NOVATEK’s integrated approach to oil and gas production, from extraction to final product delivery.