Zarubezhneft

Zarubezhneft JSC

Company type	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	$2.54 billion[1] (2017)
Net income	$95.8 million[2] (2016)
Owner	Russian Federation (100%)[3]
Subsidiaries	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.[4] Sergei Kudryashov is the company's General Director and Yevgeny Murov 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.[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

Zarubezhneft carries out its activities in:

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

Ecology

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

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

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. "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.

External links

• Company website (English)
• Company website (Russian)
• Vietsovpetro's website (English)