Zarubezhneft

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.[4] Sergei Kudryashov is the company's General Director and Nikolai Tokarev is chairman of the board.

Zarubezhneft JSC
State controlled (Joint stock company)
IndustryOil and gas
Founded1967 (1967)
Headquarters
Moscow
,
Russia
Key people
Sergei Kudryashov (General Director)
Yevgeny Murov (Chairman of the Board of Directors)
Revenue$2.54 billion[1] (2017)
$95.8 million[2] (2016)
OwnerRussian Federation (100%)[3]
Number of employees
12,694 (2015) 
SubsidiariesVietsovpetro
Rusvietpetro
Websitewww.zarubezhneft.ru

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.[4]

The company was founded in 1967 by the Soviet government to operate in friendly states.[5]

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.[6]

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.[7]

International operations

Zarubezhneft carries out its activities in:

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

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

Saddam's oil vouchers
Main article: Oil-for-Food Programme

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".[8]

References
  1. "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. http://www.rbc.ru/companies/id/64.
  3. "Зарубежнефть". РБК. Retrieved 24 September 2017.
  4. "Main Fields of Activities". Zarubezhneft. Retrieved 2009-07-29.
  5. "Zarubezhneft, such discreet company". Russia Intelligence. Retrieved 2009-07-29.
  6. "Developing Cooperation with Vietnam". Zarubezhneft. Retrieved 2009-07-29.
  7. "Zarubezhneft chief receives Vietnamese honour". VOVNews. Retrieved 2009-07-29.
  8. Robert L. Larsson (March 2006). "Russia's Energy Policy: Security Dimensions and Russia's Reliability as an Energy Supplier" (PDF). Swedish Defence Research Agency.
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