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February 09, 2016 6:56 AM ET

Oil, Gas and Consumable Fuels

Company Overview of JSC Zarubezhneft

Company Overview

JSC Zarubezhneft explores, develops, and exploits oil and gas fields. The company engages in the engineering, construction, and exploitation of oil refining production facilities, reservoir parks, and piping systems; drilling, testing, exploitation, repair, and abandonment of prospecting, exploration, structure, production, and injection wells; construction of oil and gas fields, including the construction of infield pipelines, auxiliary production facilities, and nonproduction buildings; and production, treatment, transportation, storage, and realization of oil and gas. It also provides construction, reconstruction, and operation services for oil refining facilities; oil and gas refining an...

Armiyansky per., 9/1/1

Building 1

Main entrance from Sverchkov per.

Moscow,  101990


Founded in 1967


7 495 748 6500


7 495 748 6505

Key Executives for JSC Zarubezhneft

General Director, Member of Management Board, Director and Member of Committee for the Strategic Planning
Age: 48
Deputy General Director of Production and Member of Management Board
Deputy General Director of Geology & Field Development and Member of Management Board
Deputy General Director of Projects Development & Well Operations and Member of Management Board
Deputy General Director of Providing the Increase in Oil & Gas Assets and Member of Management Board
Compensation as of Fiscal Year 2015.

JSC Zarubezhneft Key Developments

Vietnam Oil and Gas May Place 35% Of Dung Quat Refinery Shares On Exchange Or Sell 49% To Russian Companies

Vietnam Oil and Gas Corporation may place up to 35% of shares in Binh Son Refining and Petrochemical Company Ltd., which owns the Dung Quat oil refinery, on the Vietnamese stock exchange or offer a 49% stake to Russian oil companies, a BSR spokesman told Interfax. "We have two options: if BSR is to be a stock company, PetroVietnam will retain a stake of at last 65%. But if it is to be a joint venture (as envisioned in talks with Public Joint Stock Company Gazprom Neft (MICEX:SIBN)), then PetroVietnam will retain 51%," the spokesman said. "We are very interested and continue to await major Russian companies, like Gazprom Neft, Open Joint Stock Company Rosneft Oil Company (LSE:ROSN); JSC Zarubezhneft and Public Joint Stock Company Oil Company LUKOIL (MICEX:LKOH), as a strategic investor," the spokesman said, noting that talks with the latter three companies have not been conducted yet.

Zarubezhneft To Acquire Hydrocarbon Blocks

JSC Zarubezhneft intends to acquire hydrocarbon blocks in Sudan. Mohamed Zayed Awad, Sudan's oil minister, said, the company plans to acquire four hydrocarbon blocks and plans to explore two of them, Block 8 and Block 2-A-E. he company is also interested in two blocks, Block 17 and Block 25, which are being developed by Sudapet Company Limited. "Zarubezhneft might acquire a stake in these sections as production is already under way there," he said. The acquisition talks between Zarubezhneft and Sudapet are already in progress.

Zarubezhneft Reportedly Buying 20% Of Kharyaga From Total

TOTAL S.A. (ENXTPA:FP) has agreed to sell 20% of Kharyaga production-sharing project to JSC Zarubezhneft, several sources with knowledge of the situation told Interfax. One of the sources said the deal would take place as early as next week. The source did not say how much it would cost or what the terms were, but did say that the companies had discussed payment not just in cash but also in assets. As a result, Zarubezhneft will increase its stake in the project to 40% from 20% and receive the status of project operator. One of the sources said the sides had discussed safeguarding jobs and payments. Zarubzhneft declined to comment and Total was not immediately available for comment, reported Russia & CIS Energy Daily.

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