Zarubezhneft

Russian oil and gas company

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

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

^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
^ Error: Unable to display the reference properly. See the documentation for details.
^ "Зарубежнефть". РБК. Retrieved 24 September 2017.
^ ^a ^b "Main Fields of Activities". Zarubezhneft. Retrieved 2009-07-29.
^ "Zarubezhneft, such discreet company". Russia Intelligence. Retrieved 2009-07-29.
^ "Developing Cooperation with Vietnam". Zarubezhneft. Retrieved 2009-07-29.
^ "Zarubezhneft chief receives Vietnamese honour". VOVNews. Retrieved 2009-07-29.
^ "АО "Зарубежнефть"". www.rusprofile.ru (in Russian). Retrieved 2023-12-26.
^ Robert L. Larsson (March 2006). "Russia's Energy Policy: Security Dimensions and Russia's Reliability as an Energy Supplier" (PDF). Swedish Defence Research Agency.