August 31, 2016 2:35 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: 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 Reports Earnings Results for the Full Year 2015

Zarubezhneft reported earnings results for the full year 2015. For the period, the company reported revenue to Russian Accounting Standards (RAS) fell 18.3% to RUB 25.37 billion. Profit rose 2.8% to RUB 9.1 billion. Pretax profit fell 3.1% to RUB 11.21 billion.

Zarubezhneft In Talks To Acquire Assets Of Petronas

JSC Zarubezhneft is exporing the possibility of acquiring the assets of Petroliam Nasional Berhad (Petronas). According to Russia's Energy Minister Alexander Novak, Russia's Zarubezhneft is exploring the possibility of acquiring the assets of the Malaysian Petronas company. "As for Zarubezhneft they are studying opportunities to enter projects in Malaysia. Zarubezhneft has a lot of experience to enhance the effectiveness of existing fields, and offers its services and participation. Also, Zarubezhneft shows interest in studying the assets of Petronas. The parties are holding consultations about it." Novak said.

Zarubezhneft Announces Earnings Results Under Russian Accounting Standards for the Year 2015

Zarubezhneft announced earnings results under Russian Accounting Standards for the year 2015. The net profit increased by 7% in comparison to the previous year from RUB 8.5 billion to RUB 9.1 billion. Maintaining positive financial indicators is possible primarily due to the efficient performance of the main production assets as well as due to the implementation of the cost reduction methods, increase of sales efficiency by means of e-trading and improvement of the procurement system within the company.

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