Gazprom Neft achieves a 20% uplift in sales of bitumen materials in H1 2020

St.Petersburg, August 24 - Neftegaz.RU. Gazpromneft-Bitumen Materials, operator of Gazprom Neft’s bitumens business, achieved sales of 1.2 million tonnes in H1 2020, a 20% increase year-on-year. Sales of premium polymer-bitumen binders (PBBs) were also up 20%, at 122,000 tonnes.

Gazprom Neft has maintained its position as one of the most important producers of high-technology bitumen materials on the domestic road-construction market. The first 6 months of 2020 have seen a 16% increase in deliveries of Gazprom Neft bitumens supplied to major infrastructure projects on developing the Russian transport system, reaching 1.1 million tonnes.

Having completed its acquisition of the Izhura trademark the company has also become Russia’s most important producer of mastics and bitumen-polymer heat sealants for use in the construction and servicing of road-transport infrastructure facilities.

Concurrently with increasing sales on the domestic market - a priority for Gazprom Neft - the company also boosted international exports by 41% in H1 2020, reaching 202,000 tonnes, supplying bitumen materials to Norway and Sweden for the first time, as well as to Latvia and Poland.

Supplying the countries of Scandinavia demanded the development of a unique logistics scheme, involving transportation in specialist bitumen tankers. The company has also been involved in supplying PBBs for the largest infrastructure project in Latin America - the B-Oceanic Corridor.

“Given the high level of uncertainty on the oil-products market in H1 2020, our objective was not just to maintain existing sales markets, but also to ensure their continued development. Thanks to the expansion of our high-tech product line, together with efficient production and logistics management, we have been able to increase deliveries of our bitumen and technical solutions on major projects in road-building and airfield-construction, as well as housing and communal services”, said Dmitry Orlov Director General, Gazpromneft-Bitumen Materials