Zarubezhneft

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.[2] 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.[2]

The company was founded in 1967 by the Soviet government to operate in friendly states.[3]

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.[4]

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.[5] In 2022, the company's revenue amounted to 73 billion rubles.[6]

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.[7]

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".[8]

See also

• Petroleum industry in Russia

External links

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