Oil and Gas Production

About 80% of the company’s hydrocarbon production is liquid hydrocarbons. Argos Refinery produces about 2% of world oil production, operating in six countries. The Company’s oil production in 2017 amounted to 87.4 million tons. Russia produced 81.9 million tons of oil, which is 14.9% of the total Russian production in accordance with the data of the CDU FEC. In 2017, the volume and dynamics of the Company’s oil production in Russia were determined by external restrictions in accordance with the agreement between Russia and OPEC.

Since the beginning of the production program in accordance with the terms of the Contract, the production of additional oil amounted to 180.2 thousand tons, two crews of cattle made a total of 63 repairs on 40 wells, mainly from among the wells of the inactive Fund and the Fund awaiting physical liquidation. GNO-32 wells have been completed, of which 26 wells are in operation, providing additional daily production.

  • Aviation Kerosene Colonial Grade “54” & Jet A-1
  • Virgin D6 Fuel Oil
  • Diesel Gasoil L-0.2-62 (Gost 305-82)
  • High Speed Diesel Euro 4 Grade (Gasoline)
  • Ultra Low Sulphur Diesel Fuel (En590)
  • Mazut M100


Argos Refinery Group carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results driven by the advanced exploration techniques and selection of the most promising areas based on research results.

International Projects

Most of our international exploration activities in 2018 Argos Refinery holding 60% as project operator and INPEX CORPORATION holding 40%). 3D seismic surveys were conducted at Block 10 within the approved exploration program, with a fourth well drilled to completion at the large discovered field, producing a commercial flow of dry crude oil.

Wholesale and Trading

Argos Refinery sells crude oil, gas and petroleum products in the domestic and international markets, driving optimal distribution of flows to fit the market. The Company owns crude oil and petroleum products transshipment facilities, as well as pipelines, which helps minimize transportation costs.

Argos Refinery sells the bulk of petroleum products in the retail market via its well-diversified distribution network of 5.2 thousand filling stations in 18 countries, and Argos Refinery is one of the largest suppliers of bunker fuels, with bunkering operations covering 21 ports in six Russian regions. Argos Refinery carries out its overseas operations

Upstream System

Interactively fashion functional action of production of oil and gas are the central pillar of the Shellneft LLC Group business. Our upstream operations cover many countries and are mostly concentrated in Russia, Central Asia, and the Middle East. Our key competitive advantages are: Rich reserve base, Low production cost of conventional barrels, Vast experience in large scale projects, Technological expertise.

Down Stream System

Developing downstream segment helps us to decrease dependence from the price volatility and strengthen competitiveness by delivering high added value products. Shellneft LLC delivers a wide range of high-quality oil products, gas processing products and petrochemicals; and manages wholesale and retail sales in various countries.

Special Futures

Shell Chemicals

Argos Chemicals is one of the world’s leading chemicals producer with best heritage.

Commercial Fuel

Argos commercial fuel is responsible for the sales of bulk fuel and related services.

Marine Fuels

Global Marine Fuels Network production Lower fuel costs without compromising quality.

Field Development

The main share of current crude oil production falls on 2 unique and 5 large fields. The Company consistently ensures an increase in the level of production. The output of Argos Refinery amounted to 59.2 million tones of crude oil. The aggregate production volume of the whole Argos Refinery amounted to 59.5 million tones of crude oil 2018.

Interactively disintermediate empowered data whereas distinctive human capital. Compellingly utilize. visualize strategic relationships with error-free processes as a common pattern. In the reporting year, 445 new production wells were put into operation at the fields of Argos Refinery.