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May 04, 2015 12:44 PM 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
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

Total May Sell Stake In Kharyaginsk Oil Field

JSC Zarubezhneft and TOTAL S.A. (ENXTPA:FP) started negotiations on the potential sale of a 40% stake owned by Total in the Kharyaga PSA, two sources told Vedomosti newspaper. If the parties go ahead with the deal, the stake held by state-run Zarubezhneft may reach 60%. However, the source close to Total claims that companies are merely discussing a more active role of Zarubeshneft in the project under the PSA, yet he did not rule out the possibility of such a deal in the future. The potential acquisition of Total's stake has been discussed for two months but nothing has been put in writing, a source close to Zarubezhneft says. The initiator of the talks was JSC Zarubezhneft, he added.

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.

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