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Zarubezhneft

From Wikipedia, the free encyclopedia
Zarubezhneft JSC
Company typeState 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]
SubsidiariesRusvietpetro
Websitewww.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.[4] Sergei Kudryashov is the company's General Director and Yevgeny Murov is chairman of the board.

Overview

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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 Director 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] In 2022, the company's revenue amounted to 73 billion rubles.[8]

International operations

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Zarubezhneft carries out its activities in:

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

Ecology

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In 2021 World Wide Fund for Nature admitted JSC Zarubezhneft along with Tatneft the most environmentally friendly company in the oil industry.[9]

Saddam's oil vouchers

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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".[10]

References

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  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. {{cite web}}: Missing or empty |title= (help)
  3. ^ "Зарубежнефть". RBK Groupaccess-date=24 September 2017.
  4. ^ a b "Main Fields of Activities". Zarubezhneft. Archived from the original on 2012-02-25. Retrieved 2009-07-29.
  5. ^ "Zarubezhneft, such discreet company". Russia Intelligence. Archived from the original on 2008-11-25. Retrieved 2009-07-29.
  6. ^ "Developing Cooperation with Vietnam". Zarubezhneft. Archived from the original on 2009-05-05. Retrieved 2009-07-29.
  7. ^ "Zarubezhneft chief receives Vietnamese honour". VOVNews. Archived from the original on 2011-07-27. Retrieved 2009-07-29.
  8. ^ "АО "Зарубежнефть"". www.rusprofile.ru (in Russian). Retrieved 2023-12-26.
  9. ^ "WWF назвал самые экологически открытые нефтегазовые компании в 2021 году". РБК Тренды (in Russian). Retrieved 2024-05-21.
  10. ^ Robert L. Larsson (March 2006). "Russia's Energy Policy: Security Dimensions and Russia's Reliability as an Energy Supplier" (PDF). Swedish Defence Research Agency. Archived from the original (PDF) on 2008-09-11. Retrieved 2009-10-15.
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