Industry Oil and gas Headquarters Moscow, Russia | Website www.zarubezhneft.ru Founded 1967 | |
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Key people Sergey Kudryashov (General Director)Eugeniy Murov (Chairman of the Board of Directors) Type of business State controleld (Joint-stock company) Subsidiaries Vietsovpetro, OJSC NeftegasInCor | ||
JSC Zarubezhneft 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. Sergey Kudryashov is the company's General Director and Nikolay Tokarev is chairman of the board.
Contents
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.
The company was founded in 1967 by the Soviet government to operate in friendly states.
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.
In 2009, Zarubezhneft's General Direktor 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.
International operations
Zarubezhneft carries out its activities in:
Cooperation is being elaborated with the companies of Kazakhstan, Equatorial Guinea, Angola, Ecuador, Libya and other producing countries.
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".