OREANDA-NEWS. August 04, 2011. FBK was selected to elaborate accounting and tax accounting guidelines for Gazprom Neft. FBK experts will develop for Gazprom Neft group the guidelines for accounting and tax accounting of inventories, reported the press-centre of FBK.

All guidelines are elaborated for accounting and reporting purposes under RAS considering prospective rapprochement of RAS, IFRS and US GAAP principles.

Gazprom Neft was established in 1995. At the moment it is one of the largest oil and gas companies in Russia. The key areas of the Company’s operations include the exploration, development, production and sale of crude oil and gas, as well as oil refining and the marketing of petroleum products. Gazprom Neft sells its products in Russia through its own extensive sales network and also exports to over 50 countries worldwide.