Native name СоюзНефтеГаз Website soyuzneftegaz.ru Type of business Private | Industry Oil and gas Headquarters Moscow, Russia Founded 2000 | |
Key people Yuri Shafranik (Chairman) Owners The Interstate Bank of CIS (30%)SNG Holding (70%) | ||
Soyuzneftegaz (Russian: СоюзНефтеГаз) is a Russian oil and gas company. It is headed by Russia's former energy minister Yuri Shafranik. The Interstate Bank of CIS holds 30% and SNG Holding helds 70% of shares.
History
Soyuzneftegaz was established in 2000. In early 2003, Soyuzneftegaz signed a contract with the Iraqi authorities for developing the Rafidein oil field in southern Iraq. Soyuzneftegaz received 25.5 million barrels (4.05 million cubic metres) in the Oil-for-Food Programme, according to the paper The Beneficiaries of Saddam's Oil Vouchers: The List of 270.
In 2004, Soyuzneftegaz gained control over UzPEC company, which since 2001 had a production-sharing agreement with Uzbekneftegaz for the Central Ustyurt and South-Western Gissar hydrocarbon deposits in Uzbekistan. In 2007, Uzbekneftegaz conducted the production-sharing agreement for these fields with Soyuzneftegaz Vostok, a wholly owned subsidiary of Soyuzneftegaz. In March 2008, Soyuzneftegaz Vostok was acquired by other Russian company Lukoil.
In October 2004 Soyuzneftegaz won a tender in Syria for the onshore Blocks 12 and 14 near Iraqi border. In 2006, the company decided not to continue with the development of Block 14, but continued work on Block 12. In 2005, Soyuzneftegaz acquired a 50% working interest in Block 26 in the northeast of Syria through its wholly owned subsidiary SNG Overseas. On 25 December 2013, Soyuzneftegaz signed a 25-year agreement to prospect for more oil in Syria. The company stopped its operations in Syria in 2015 because of the Syrian conflict.
In 2006, SNG Overseas was bought by the United Kingdom-based oil company Emerald Energy for exchange of US$7.3 million and 10% stake in Emerald Energy. In August 2009, Soyuzneftegaz sold its shares in Emerald Energy to Chinese petrochemical company Sinochem.
In 2005, Soyuzneftegaz acquired one of Russia's largest drilling companies Sibirskaya Servisnaya Kompaniya.