April 30, 2016 9:30 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: 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

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.

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.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
January 21, 2016
Kharyaga PSA
 

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