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April 18, 2015 10:24 AM ET

Oil, Gas and Consumable Fuels

Company Overview of JSC Zarubezhneft

Company Overview

JSC Zarubezhneft offers exploration, development, and operation of oil and gas fields in Russia and internationally. Its activities also include design, construction, and operation of oil refineries, tank farms, and pipeline systems; application of Russian technologies for oil field development; testing and export of hi-tech methods for oil recovery enhancement; export-import operations for technological equipment supply; and analytical, organizational, and technical services. The company has a strategic partnership agreement with Russian Innovation Fuel (RITEK) and Energy Company. JSC Zarubezhneft was founded in 1967 and is based in Moscow, Russia, with a representative office in Cuba.

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
Age: 47
Deputy General Director of Production and Member of Management Board
Deputy General Director of Geology & Field Development and Member of Management Board
First Deputy General Director
Compensation as of Fiscal Year 2014.

JSC Zarubezhneft Key Developments

OJSC Zarubezhneft Announces Earnings Results for the Year 2014

OJSC Zarubezhneft announced earnings results for the year 2014. The company boosted net profit 24% year-on-year in 2014 to RUB 8.85 billion. Revenues advanced 1.8% to RUB 31.1 billion. As a result, net profit was down 1.5% at RUB 15.95 billion, while profit from sales fell 5% to RUB 13.54 billion. Pretax profit increased 23.6% to RUB 11.56 billion.

Zarubezhneft and Oil India Sign Memorandum of Understanding

Zarubezhneft and Oil India have signed a memorandum of understanding. Zarubezhneft said in a statement that the parties intend to work together in areas such as hydrocarbon exploration, production and transportation. The companies will also implement and use methods of boosting oil production, as well as train and prepare personnel. Zarubezhneft and Oil India agreed to seek out and assess potential projects in India, Russia and third-party countries. The partners are also planning to unite their technological, scientific and personnel potential. A joint group will be formed between the two to coordinate their activities.

Novorossiysk Commercial Sea Port Approves Additional Loan Agreements to OAO NPK Zarubezhneft

On December 30, 2013, the Board of Directors of Novorossiysk Commercial Sea Port approved an interested-party deal - additional agreements to prolong the term of loan agreements with OAO NPK Zarubezhneft for a term of one year. Interest rate is 7% per annum.

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