Zarubezhneft

Zarubezhneft JSC
State controlled (Joint stock company)
Industry Oil and gas
Founded 1967 (1967)
Headquarters Moscow, Russia
Key people
 Sergei Kudryashov (General Director)
Yevgeny Murov (Chairman of the Board of Directors)
Revenue $2.18 billion[1] (2016)
$95.8 million[1] (2016)
Owner Russian Federation (100%)[2]
Subsidiaries Vietsovpetro
Rusvietpetro
Website www.zarubezhneft.ru

JSC Zarubezhneft (Russian: Зарубежнефть) is a Russian state-controlled oil company based in Moscow that specializes in exploration, development and operation of oil and gas fields outside Russian territory.[3] Sergei Kudryashov is the company's General Director and Nikolai Tokarev is chairman of the board.

Overview

According to the company's website, Zarubezhneft's main activities are: exploration, development and operation of oil and gas fields abroad; design, construction and operation of oil refineries, tank farms and pipeline systems; application of advanced Russian technologies for oil field development; testing and export of modern hi-tech methods for oil recovery enhancement and export-import operations for technological equipment supply.[3]

The company was founded in 1967 by the Soviet government to operate in friendly states.[4]

Zarubezhneft's most notable operations are in Vietnam, where it has several joint ventures with the Vietnamese company PetroVietnam, including the joint venture company Vietsovpetro.[5]

In 2009, Zarubezhneft's General Direktor Nikolai Brunich was awarded with Vietnam’s Labour Order, first class, in recognition of his contributions to the successful operation of Vietsovpetro and cooperation between Vietnam and Russia.[6]

International operations

Zarubezhneft carries out its activities in:

  • Vietnam
  • Cuba
  • Bosnia and Herzegovina
  • Croatia
  • Jordan
  • Russia (Nenets Autonomous Okrug)
  • Turkmenistan
  • Uzbekistan

Cooperation is being elaborated with the companies of Kazakhstan, Equatorial Guinea, Angola, Ecuador, Libya and other producing countries.

Saddam's oil vouchers

Zarubezhneft received 174.5 million barrels worth oil vouchers from the abused Oil-for-Food Programme, according to the paper "The Beneficiaries of Saddam's Oil Vouchers: The List of 270".[7][8]

References

  1. 1 2 http://www.rbc.ru/companies/id/64.
  2. ↑ "Зарубежнефть". РБК. Retrieved 24 September 2017.
  3. 1 2 "Main Fields of Activities". Zarubezhneft. Retrieved 2009-07-29.
  4. ↑ "Zarubezhneft, such discreet company". Russia Intelligence. Retrieved 2009-07-29.
  5. ↑ "Developing Cooperation with Vietnam". Zarubezhneft. Retrieved 2009-07-29.
  6. ↑ "Zarubezhneft chief receives Vietnamese honour". VOVNews. Retrieved 2009-07-29.
  7. ↑ Robert L. Larsson (March 2006). "Russia's Energy Policy: Security Dimensions and Russia's Reliability as an Energy Supplier" (PDF). Swedish Defence Research Agency.
  8. ↑ The Middle East Media Research Institute: The Beneficiaries of Saddam's Oil Vouchers: The List of 270 Archived August 5, 2009, at the Wayback Machine.. January 29, 2004
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