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.
 | |
| Company type | State controlled (Joint stock company) |
|---|---|
| Industry | Oil and gas |
| Founded | 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) | |
| Owner | Russian Federation (100%)[3] |
| Subsidiaries | Rusvietpetro |
| Website | www |
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
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".[9]
References
External links
- Company website (English)
- Company website (Russian)
- Vietsovpetro's website (English)