Open main menu

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]
SubsidiariesVietsovpetro
Rusvietpetro
Websitewww.zarubezhneft.ru

OverviewEdit

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 operationsEdit

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 vouchersEdit

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][9]

ReferencesEdit

  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. ^ a b "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.
  9. ^ 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

External linksEdit