January 21, 2017 1:01 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

Russia

Founded in 1967

Phone:

7 495 748 6500

Fax:

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: 49
Deputy General Director of Economics & Finance and Member of Management Board
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
Compensation as of Fiscal Year 2016.

JSC Zarubezhneft Key Developments

Zarubezhneft Plans To Sell 34% Stake In Jadran-Naftagas

Jadran - Naftagas d.o.o., Banja Luka planned to sell a 34% stake in JSC Zarubezhneft, a joint venture with Gazprom Neft, which carried out geological exploration in Serbia.

Russian Government Reportedly Prepares For A Privatization Plan In 2017-2019

The Russian government has prepared a large-scale plan for privatization of shares in several state-owned and state-controlled companies in 2017-2019, Bloomberg reported on October 28, 2016, with a reference to the privatization plan. The government plans to cut its stake in JSC VTB Bank (LSE:VTBR) and PAO Sovcomflot to 25% plus one share in each company in the period, and also to cut its stake in Public Joint Stock Company Transneft (MISX:TRNFP) to 75% plus one share, JSC Zarubezhneft to 90% and in Public Joint Stock Company State Transport Leasing Company to 75% plus one share, Bloomberg reported. Besides that, Russia may cut its stake in Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro (MISX:HYDR) to 50% plus one share from 66.8% and also may sell 8% stake in Public Joint Stock Company ALROSA (MISX:ALRS) and 25% stake in Open Joint Stock Company Russian Railways. The government also plans to sell its stakes in Public Joint Stock Company Novorossiysk Commercial Sea Port (MISX:NMTP), JSC United Grain Company and Public Joint Stock Company Long-Distance and International Telecommunications Rostelecom (MISX:RTKM) in the period.

Zarubezhneft To Sell Assets

JSC Zarubezhneft intends to sell assets. The program for divesting Zarubezhneft's non-core assets includes 32 subjects. The company has divested nine non-core assets in the six months and plans to sell five assets included in the register before the end of the year. At present, the company is preparing a plan for divesting non-core assets in 2017.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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