Gazprom Neft (GZPFY: OTC Link) | Gazpromneft Aero starts operations in Ulyanovsk

Gazpromneft Aero starts operations in Ulyanovsk

Dec 19, 2011

OTC Disclosure News Service

Moscow, Russian Federation –

Gazpromneft Aero has put into operation a refuelling complex at the Ulyanovsk-Vostochny international airport.The first refuelling operation was made forPolet airlines AN-124 Ruslan aircraft.

The alternative refuelling complex at the Ulyanovsk-Vostochnyairport will also work with the city’s second airport, Ulyanovsk-Tsentralny.Gazpromneft Aero has established a subsidiary, Gazpromneft Aero Ulyanovsk, to provide fuel supplies to airlines operating from these airports.The complex will procure aviation fuel from the Omsk Refinery, one of Gazprom Neft’s own plants.

The creation of the refuelling complex involved modernising the tank farm and acquiring modern ATZ-18 airfield fuelling vehicles based on the VOLVO chassis. Gazpromneft Aero equipment used at the Ulyanovsk airport is fully compliant with Russian and international standards on aviation fuel supplies.

“Starting operations in Ulyanovsk represents the completion of the next stage of GazpromneftAero’s long-term development strategy, which involves the proactive expansion of the company’s refuelling stations in Russia and abroad. By launching new refuelling complex, the company enhances competition into the domestic aviation fuel market,” said Vladimir Egorov, General Director of Gazpromneft Aero.

REFERENCE:

Gazpromneft Aero is a subsidiary of Gazprom Neft.The company began refuelling aircrafts and selling aviation fuel using the underwing method on 1 January 2008.Gazpromneft Aero has been a strategic partner of the International Air Transportation Association (IATA) for aviation fuel supplies since December 2008.

Gazpromneft Aero is a major Russian aviation fuel supplier and one of the top three companies in terms of domestic sales in this market.

The company is a major aviation fuel supplier in Russia and has its own network of refuelling stations.In 2010, Gazpromneft Aero became the biggest Russian network retailer of underwing jet refuelling.

The company is currently operating in over 40 foreign airports in Europe, South East and Central Asia, as well as the Mediterranean region, and is planning to work in Africa and the Middle East in the future.

GazpromneftAero’s development strategy by 2020 involves expanding its network of refuelling complexes, increasing the total number of such complexes in Russian and foreign airports to over 20.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/GZPFY/news?id=40035

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