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Terneftegaz Jsc operates a very transparent services in petroleum business in terms of capacities and volumes of oil refining. In recent years, the Company's refining activities have been focused on meeting the market demand for quality petroleum products. Over a number of years, Terneftegaz Jsc has been consistently implementing the modernization program for Russian refineries, which has improved the quality of its products and increased its competitiveness. Terneftegaz Jsc has been implementing a policy aimed at ensuring a required balance of crude monetization channels, including crude oil processing at its own refining facilities in Russia and Germany, export sales under long-term and tender-based spot contracts, and domestic sales. The Company is monitoring the economic effectiveness of crude monetization channels on an ongoing basis, as a result and provides for timely response to changes in the market environment. The core of young and energetic team of Terneftegaz Jsc is a number of highly-qualified employees who came to the company from oil refining industry, having a considerable experience in the spheres of trading, logistics and finance. Terneftegaz Jsc is open for fruitful and mutually beneficial cooperation service provider.

This is the most ambitious program for the modernization of oil refining capacities in the Russian oil industry, which includes the fulfillment of the Company's obligations under the quadripartite agreement. Within this program, the plant switched to 100% production of motor fuels of the Euro 5 class for the Russian domestic market, as required by the Technical Regulations.