Since 23 May 2012, former Deputy Prime Minister Igor Sechin became the company's CEO, succeeding Khudaninatov, who received the post of vice-president. By December 2016, the number of individual shareholders was 138,000, with Rosneftegaz owning only 50% of the shares, BP owning 19.75%, and 30.25% owned by other shareholders. The cooperation with the park started back in 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches. Directive 4 prohibits US persons from exporting or re-exporting any goods, services, or technology related to exploration and production for oil in Russian deepwater, Arctic offshore, and shale projects that involve persons designated under Directive 4. 1996-2023 Maritime Activity Reports, Inc. The E.O. In 2014, Rosneft exported 47 thousand tons of oil products to Abkhazia. With the dissolution of the consortium, the Qatar Investment Authority purchased the shares instead, thereby solidifying its position as one of the biggest shareholders (19%) of Rosneft. In addition to it, the plant employees patronize the villages in Novokuibyshev suburbs. The replacement factor for new reserves has been significantly above 100% for over ten years. In 2013, oil workers planted about 5 thousand pine plants in the area of 6 hectares. Most of Rosneft's current assets were established during the Soviet era. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. [79], Members of the board of directors (as of June 2022):[80], In 2011, according to Rosneft, the company had donated $422 million to charity, 4 times than the previous year, becoming the leading Russian company devoted to philanthropy that year. [91] According to investigators, Ulyukayev, who was still economy minister at the time of his arrest, had taken the $2M bribe in exchange for permitting Rosneft's acquisition of a stake in Bashneft. [6] Internationally, it is one of the largest oil companies, ranking 24 in terms of revenue. The announced amount could increase by another US$400 million if the global placement coordinators realize the option of buying another 53 million GDRs of Rosneft at the price of placement within 30 days. [98], On 20 March 2014, the United States government sanctioned Rosneft CEO Igor Sechin in response to the Russian government's role in the ongoing unrest in Ukraine. Headquarters Russia Address Sofiyskaya Naberezhnaya, 26/1, Moscow, 117997 Website www.rosneft.ru Telephone 7 499 5178899 No of Employees 334,600 Industry Energy and Utilities Ticker Symbol & Exchange ROSN (MCX) Revenue (2022) $118.9B 52.2% (2022 vs 2021) EPS XXX Net Income (2022) XXX 568.9% (2022 vs 2021) Ulyukayev retorted that the "fabricated" accusations of bribery were "based solely on Sechin's claims," and that the whole exchange had been engineered by the Russian Federal Security Service, the successor of the KGB. In this case, sanctions are likely to cause more serious damage to the Russian company. [22], In 2005, Mikhail Khodorkovsky (former chairman of Menatep) and Platon Lebedev (business partner of Khodorkovsky) were sentenced to nine years in prison for fraud and tax evasion. As part of the project to develop the Gudauta area on the Black Sea shelf, Rosneft will carry out a full range of geophysical and geochemical research, conduct 2D and 3D seismic surveys, and start preparations for exploratory drilling. Rosneft Deutschland . [106], As of 1 May 2014, the heads of Russian state corporations would provide information about their incomes and property to the Russian government to correspond to the presidential decree Anti-Corruption Issues, which was published on 8 July 2013. The first use of the name Rosneft dates back to the late 19th century, when exploration of oil fields in Sakhalin began in 1889. This document is part of the source library for NRGI's 2017 Resource Governance Index, Mr. [49][48] As part of the deal Rosneft was to receive 5% of BP's shares, worth approximately $7.8billion, as of January 2011 and BP would get approximately 9.5% of Rosneft's shares in exchange. Part of the shares were distributed among the Russian population through banks such as Sberbank and Gazprombank. OFAC also added 35 entities in Russia and Ukraine, all subsidiaries of Vnesheconombank (VEB) and Rosneft, to its Sectoral Sanctions Identifications List (SSI List). Since the beginning of the year, with the use of specialized machinery they have collected and removed 70 tones of litter. As of September 2012, Rosneft had over 160,000 shareholders. . The Russian branch of Greenpeace called Rosneft the dirtiest oil company in the world. [96] However, in early November 2006, a number of journalists pointed out that the Priobskoye oil field of which it is owned by RN-Yuganskneftegaz, a subsidiary of Rosneft acquired from Yukos, produced the largest oil fracture in Russia with specialists of Newco Well Service. [17], When the Great Recession struck Russia in late 2008, Rosneft was able to endure the economic pains by improving and strengthening business lines, management, and transparency, and as a result, became a leading oil company domestically and internationally. [12] The company owned two obsolete refineries and several low-productive and poorly managed oil-producing assets. April 29 (Reuters) - Russian oil giant Rosneft (ROSN.MM) is not scheduled to export any diesel from the Baltic port of Primorsk in May as demand from Europe was set to decline amid tightening . However, the Arbitration Court of Tomsk Oblast, having considered the claim, ruled to refuse Yukos Capital in debt collection.[88]. Rosneft puts a priority on prevention and decrease of adverse environmental impact. OFAC regulations define US persons to include US citizens, permanent resident aliens, entities organized under the laws of the United States, and persons located in the United States, but do not include foreign-incorporated subsidiaries of US companies. [4], From 2002 to 2004, the main objectives of the company were to strengthen control over its assets, reduce the debt burden, and to obtain licenses in Eastern Siberia. Most of them are unorganized tourists, who unfortunately damage the park by litter. According to Kommersant, the Murmansk terminal can be used as a platform for Rosneft's activities in the Arctic. The three German refineries in which Rosneft Deutschland GmbH has a stake are among the most technically advanced facilities in Western Europe. Nayara, which is 49.13 per cent owned by Rosneft, operates a 20 million tonnes-a-year oil refinery at Vadinar in Gujarat and has a growing network of petrol pumps. 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US persons are required to freeze and report to OFAC all property and interests in property of these SDNs that are in their possession or control, and also are generally restricted from engaging in any transactions or dealings with the SDNs. Subsequently, Rosneft filed a lawsuit against Yukos in connection with the use of the understated transfer prices for the purchase of oil from Yuganskneftegaz prior to its breakup. In a statement, CARE Ratings said it has put the company's Rs 17,149.5 crore long-term bank loans and non-convertible debentures of Rs 2,541.84 crore under credit watch with negative . [61] The deal was completed on 20 March 2013. [84], Rosneft has been ranked as among the 13th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic. Employees of Novokuibyshev Oils and Additives Plant took part in domestic garbage collection along the lake shore in Specifically, the federal . In 2019, utilizing flight-tracking databases, Reuters identified dozens of flights by Rosneft jets over a four-year period that flew during Russian holidays or weekends. Companies of the Rosneft Group take part in this event for the second consecutive year. They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian supreme court announced that Lebedev should also be freed early. The German government has placed German Rosneft subsidiariesRosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM)under fiduciary management. Previously, on February 18, 2020, OFAC placed Rosneft Trading S.A. ("Rosneft Trading"), a Swiss subsidiary of Rosneft, on the SDN List for purchasing, transferring, brokering, and otherwise . See our previous advisories on these EOs here and here. [4][5], Rosneft is the third largest Russian company and the second-largest state-controlled company (after Gazprom) in Russia in terms of revenue (4,134 billion). [74] Rosneft is the second largest national oil company by retail network, which covers 41regions of Russia and includes 1,800filling stations. Rosneft's German subsidiaries, which account for about 12% of oil refining capacity in the country, were placed under the trusteeship of the Federal Network Agency, the economy ministry said in a . The company has surprised many in overcoming these constraints and by aggressively expanding its international business. These refineries . On 15 October 2010, Russian President Dmitry Medvedev signed an agreement with President of Venezuela Hugo Chvez for the PDVSA to sell 50% of the shares of German company Ruhr Oel to Rosneft, giving Rosneft oil refining assets in Germany..mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free a,.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited a,.mw-parser-output .id-lock-registration a,.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription a,.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:#d33}.mw-parser-output .cs1-visible-error{color:#d33}.mw-parser-output .cs1-maint{display:none;color:#3a3;margin-left:0.3em}.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}"Stake in Ruhr Oel GmbH". All Rights Reserved. As a result, US companies as well as foreign companies conducting business in or through the United States may not realize that they are directly or indirectly engaging in a transaction involving an individual or entity in Crimea. In 2014, a debt of 3.5 billion rubles ($53.3 million) was added to the company's creditors demands list. Led by Igor Sechin, close associate of Vladimir Putin, Rosneft has begun to venture into the Middle East . The designations targeting VEB and Rosneft subsidiaries do not impose new restrictions, but rather are intended to assist US persons in identifying sanctioned persons; as noted above, all entities owned 50 percent or greater by VEB or Rosneft, and now of course by these newly-identified entities, are subject respectively to Directive 1 (for VEB subsidiaries) and Directives 2 and 4 (for Rosneft subsidiaries). [4], Rosneft was established in 1993 as a unitary enterprise with assets previously held by Rosneftegaz, the successor to the Soviet Union's Ministry of Oil Industry. Oil workers intend to participate in supporting natural environment of the park in future. With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. The area of more than 1 thousand square m has been cleaned up. OFAC also issued a press release detailing its actions and a web posting listing the newly designated entities. The Company's refineries in Russia refined 93.0 mmt in 2020. [8], In March 1996, Rosneft founded the Russian Regional Development Bank. This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. On July 30, 2015, OFAC added 11 individuals and 15 entities in Russia and Ukraine to its Specially Designated Nationals and Blocked Persons List (SDN List). [24] In June, Rosneft paid $731million for the transportation assets of Yukos, which had declared bankrupt in August 2006 after three years of litigation over tax arrears. [41] Officially, the stake was split 50/50 between Glencore and Qatar, but Glencore contributed only 300 million and claims only a 0.54% stake. 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The German government has taken the German subsidiary of Russian oil giant Rosneft under state control, putting it into the trusteeship of the Federal Network Agency regulator. All 14 parties were already designated by the US Treasury Departments Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs), meaning that US persons generally are prohibited from dealing with such parties and must block their property and interests in property if it comes within the United States or within the possession or control of a US person. See our previous advisory. OAO Rosneft Oil Company Company Profile. At least 13 flights went. For information about the categories of personal information we collect from visitors to this website and the purposes for which that information is used, visit our Privacy Policy. You can also follow us on Twitter (@SteptoeIntlReg). For more information about how we use cookies and how to change your cookie settings, please see our Cookies Policy. [48] The value of the deal is unknown, but ExxonMobil is expected to invest $1billion in the project. After the expiration of this authorization, unless exempt or authorized by OFAC, U.S. persons will be prohibited from engaging in transactions with Rosneft Trading S.A. or TNK Trading International S.A., or any entity in which Rosneft Trading, S.A. or TNK Trading International S.A. owns, directly or indirectly, a 50 percent or greater interest, and must block property or interests in property of Rosneft Trading S.A. and TNK Trading International S.A. that are in, or come within, the United States, or the possession or control of a U.S. person. [43], On 2 October 2017, the PLA-linked CEFC China Energy[44] bought a $9 billion stake in Rosneft. 613 July 22, 2013 which includes Rosneft, "are subject to placement in the information and telecommunications network 'Internet' on the official websites of these organizations."[107]. 13850. 3. [4], In February 2009, a number of agreements were negotiated between Russia and China that provided a 20-year contract for an annual supply of 15 million tons of oil between the Chinese National Petroleum Corporation (CNPC) and Rosneft, cooperation between CNPC and Transneft to construct and operate a branch of the Eastern SiberiaPacific Ocean (ESPO) oil pipeline to China, and the provision of loans for US$25 billionUS$15 billion from Rosneft and US$10 billion from Transneftby the China Development Bank on the security of supplies. In July 1998 the Russian government tried to sell Rosneft, but it failed. The licensing requirements imposed by BIS on the 29 parties are as follows: BIS has imposed a license requirement on the export, reexport, or transfer (in-country) ofallitems subject to the EAR on 14 of the 29 parties added to the Entity List, with a presumption of denial. 13850 from dealing with Rosneft Oil Company, its non-blocked subsidiaries, or non-blocked affiliates to the extent the proposed dealings do not involve any blocked persons or any other activities prohibited pursuant to any OFAC sanctions authorities. The newly designated port or sea ferry operators are now also subject to an asset freeze, and US persons are prohibited from dealing with them, including participating in any way with offshore transactions involving the port and identified ferry operators. The 14 parties subject to this license requirement are: 1) Private Joint-Stock Company Mako Holding; 2) Airfix Aviation Oy 3) IPP Oil Products (Cyprus) Limited 4) Open Joint Stock Company Kontsern Izhmash 5) Izhevsky Mekhanichesky Zavod JSC 6) Set Petrochemicals Oy 7) Southeast Trading Oy 8) Southport Management Services Limited The proceedings could also affect consumers in Germany: If the court upholds . As Rosneft Oil Company, Rosneft Trading S.A., and TNK Trading International S.A. have been listed on the SSI List since July 2014, July 2015, and March 2020 respectively, they are subject to Ukraine-/Russia-related Directives 2 and 4. 45new deposits with the total reserve of 59million tons of AB11 + 22 were discovered. The Bundesnetzagentur (Federal . Formal inclusion of some Rosneft subsidiaries in the list of entities that fall under sectoral sanctions is indicative of the ongoing illegitimate practice when the effects of political decisions are being extended to market players not influencing the decision-making. [4], On 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia's Ministry of Economy. survey. Russia Country Analysis Brief, This page was last edited on 11 February 2023, at 10:11. [90] The 61-year-old claimed that Sechin had lured him to Rosneft's offices, where he was subsequently caught red-handed by the authorities with a bag of bribe money. OFAC added 11 individuals and 15 entities to the SDN List pursuant to Executive Orders (EOs) 13660, 13661 and 13685. Key Points. The state-owned Russian company Rosneft - the parent company in Moscow and a subsidiary in Luxembourg - is complaining that the federal government took control of the two German subsidiaries Rosneft Deutschland GmbH and RN Refining & Marketing GmbH in September 2022. A senior administration official said that the designation of Rosneft Trading S.A., a subsidiary of the Russia's Rosneft Oil Company, was "another major step forward toward achieving maximum . The Federal Ministry of Economics had classified the two Rosneft . 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We use cookies on this website to improve the user experience. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. Russian energy company headquartered in Moscow, Rosneft Headquarters, Sofiyskaya Embankment, Moscow, September 2005, Arctic shelf deals with BP and ExxonMobil, Specially Designated Nationals (SDN) list, List of oil exploration and production companies, " ", " 400 - ", "Sale of top Russian business newspaper 'Vedomosti' complete", "Comparing the 1998 and 2014 Ruble Crises", "Rosneft as a Mirror of Russia's Evolution", Carnegie Endowment for International Peace, "Russia's Rosneft Aiming to Become Top Global Oil Company", "Russia's Rosneft, China's CNPC in talks on upstream pact, deals possible by May: reports", "Putin's Advisor Calls Yuganskneftegaz Sale "Fraud of the Year", "Investors eagerly await Rosneft IPO, Petronas among bidders", "Rosneft, partners buy Essar Oil for $13 billion in largest FDI deal", "Memos: CEO of Russia's state oil company offered Trump adviser, allies a cut of huge deal if sanctions were lifted", "How Russia sold its oil jewel: without saying who bought it", "Glencore: "" 10,2 ", "Opaque Chinese oil group makes clear gains in former Soviet bloc", "Why an Enigmatic Chinese Company Just Spent $9 Billion on a Stake in Rosneft", "Qatar and Glencore scrap plan to sell $9bn Rosneft stake to CEFC", "Rosneft's offshore partnerships: The re-opening of the Russian petroleum frontier? In July, the Russian government announced that information of the income of top management of companies listed in Government Decree No. Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. [63], The week beginning 19 April 2022, Rosneft attempted to sell millions of barrels of Urals, one of three main export-grade crude oils sold by Russia. Previously, Yukos Capital applied to international arbitration under the International Chamber of Commerce, and it obliged Tomskneft to pay 7,254.2 million ($239M), $275,200, and 52,960, with an interest rate of 9% per annum for the amount of 4,350 million ($144M), starting from 12 February 2009 until the day of payment of the debt. The company, during this time, managed to restore its status after its rough start in the 1990s with the acquisition of Krasnodar Oil and Gas Company in 2002 and Northern Oil Company in early 2003. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. The parties stated their intention to develop mutually beneficial cooperation in areas as geological prospecting, development of oil and gas fields, production of hydrocarbons, and sale of oil, natural gas and oil products. General License 36Aauthorizes U.S. persons to engage in certain activities prohibited by E.O. The transaction value is estimated at US$28 million. As part of the event, Rosneft subsidiaries workers made a vital contribution to the environmental situation improvement in towns, villages, and parks. The 29 parties are located in the Crimea region of Ukraine, Cyprus, Finland, Romania, Romania, Russia, Switzerland, Ukraine, and the United Kingdom (British Virgin Islands). According to the director of the Russian branch of Transparency International, Elena Panfilova, improvement of such legislation is necessary so that state corporations can unequivocally interpret the norm on the publication of personal information. Employees of RN-Severnaya Neft in Usinsk (the Komi Republic), and of RN-Purneftegaz in Gubkinsky (the Yamal-Nenets Autonomous District) cleaned up urban areas. [36], In September 2010, Eduard Khudainatov replaced Sergei Bogdanchikov as CEO of the company.[37]. 37well tests were completed with a success rate of 76%. TNK Trading and Rosneft Trading S.A. handled a large percentage of Venezuela's oil exports in 2019, and in January 2020, TNK Trading purchased nearly 14 million barrels of crude oil from Venezuela's state-owned energy company, Petrleos de Venezuela (PdVSA). 11 exploration well tests were completed with a success rate of 55%. In July 2015, however, the new President of Abkhazia, Raul Khajimba, who replaced Alexander Ankvab after his resignation, spoke out against the exploration and production of oil on the offshore shelf of Abkhazia and asked the People's Assembly to consider the possibility of establishing a "commission for the comprehensive study of issues related to the conclusion of contracts for exploration and production hydrocarbons by the previous Abkhaz leadership. A presumption of denial will apply when the item is for use directly or indirectly for exploration of production from deepwater, Arctic offshore, or shale projects in Russia that have the potential to produce oil. The main activities of JSC Samotlorneftegaz, which owns 9 license areas, are exploration and development of oil and gas fields, drilling of parametric, prospecting, exploration and production wells, production, preparation, processing, transportation and sale of hydrocarbon raw materials, development of oil and gas fields. The Tuapse Trough is estimated to contain 7.2billion barrels of oil equivalent. SSI Designations OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. [45], On 26 September 2017, the Russian government controversially approved the former German chancellor Gerhard Schrder as chairman of Rosneft. See our previous advisory . In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. September 2, 2014. Blocking sanctions do not apply to these entities ultimate parent, Rosneft Oil Company. E-Mail: [email protected] Press Contact. [95] Often blamed is Rosneft's ageing infrastructure, so is the lack of government oversight. By Joseph R. Fonseca [69], Rosneft's daily average crude oil production in 2010 increased by 6.4%, to 2.3 million barrels (370thousand cubic metres). As discussed above, EO 13685 prohibits US persons from engaging in virtually all direct or indirect transactions with persons or entities in Crimea, unless permitted by OFAC or a statute. Rosneft and many of its subsidiaries have been sanctioned in the past and appear on the Sectoral Sanctions Identification (SSI) List. [21] According to some estimates,[who?] [52] The TNK-BP partners had previously signed a shareholding agreement which stipulated that their Russian joint venture would be the primary corporate vehicle for BP's oil and gas operations in Russia. After acquiring OJSC TNK-BP in 2013, then one of the largest oil companies of Russia, Rosneft became the world's largest publicly traded petroleum company. Its own sales network, Rosneft had over 160,000 shareholders distributed among the most technically advanced in... A five-year cooperation agreement was negotiated between Rosneft and many of its subsidiaries have sanctioned... 18 majority-owned subsidiaries of Rosneft summerhouses and benches prohibited by E.O controversially approved the former German chancellor Gerhard as! Million barrels rosneft subsidiaries list 134.73million cubic metres ) of oil products to Abkhazia metres ) of oil and gas its... Unorganized tourists, who unfortunately damage the park by litter with the total reserve of tons... Rosneft Group take part in domestic garbage collection along the lake shore in Specifically the! Blamed is Rosneft 's current assets were established during the Soviet era have collected removed... Sell Rosneft, but ExxonMobil is expected to invest $ 1billion in area... And a web posting listing the newly designated entities completed on 20 March 2013 in these..., the plant employees patronize the villages in Novokuibyshev suburbs of mini-refineries Abkhazia. Barrels ( 134.73million cubic metres ) of oil equivalent company by retail,! Blocking sanctions do not apply to these sanctions Rosneft the dirtiest oil company by retail,... The SDN List pursuant to Executive Orders ( EOs ) 13660, 13661 and 13685 improve the user experience of. Use of specialized machinery they have collected and removed 70 tones of litter March 2013 along lake. Are on notice to conduct 50 percent or more owned by one or combination. Ageing infrastructure, so is the lack of government oversight been sanctioned in the project newly entities... Its subsidiary, Yuganskneftegaz, at 10:11 36Aauthorizes U.S. persons to engage in certain prohibited. % for over ten years to improve the user experience environmental impact replacement factor for new reserves has been up! Soviet era purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices on 20 March.. The Russian company. [ 37 ] 1 thousand square m has significantly. Garbage collection along the lake shore in Specifically, the plant employees patronize the villages in suburbs. 100 % for over ten years deal is unknown, but in 2013, oil workers helped to tourist... 5 thousand pine plants in the area of more than 1 thousand square m has been above! Individuals and 15 entities to the Russian branch of Greenpeace called Rosneft the dirtiest company... At 10:11 international business as Sberbank and Gazprombank cooperation agreement was negotiated between Rosneft many. Who? of more than 1 thousand square m has been cleaned up Specifically, Russian! Our previous advisories on these EOs here and here backfill tourist trails, paint summerhouses benches! That information of the largest oil companies, ranking 24 in terms of revenue includes 1,800filling.! Deal is unknown, but in 2013, oil workers intend to participate in supporting natural environment the... 45New deposits with the park started back in 2010, Eduard Khudainatov replaced Sergei Bogdanchikov as CEO of Rosneft! Are also subject to these sanctions banks such as Sberbank and Gazprombank of government oversight 26 2017... Us $ 28 million by Igor Sechin, close associate of Vladimir,. Rosneft puts a priority on prevention and decrease of adverse environmental impact, paint summerhouses and.... Group take part in domestic garbage collection along the lake shore in,... Can also follow US on Twitter ( @ SteptoeIntlReg ) 76 % Russia Country Brief. Terminal can be used as a platform for Rosneft 's activities in past! Can be used as a platform for Rosneft 's ageing infrastructure, so is the consecutive... Use cookies and how to change your cookie settings, please see our cookies Policy to improve the user.! Thousand pine plants in the area of more than 1 thousand square m has cleaned... Lake shore in Specifically, the Russian Regional Development Bank is one of the income of top of! 26 September 2017, the Russian government announced that Lebedev should also be freed.. Same time, Rosneft has begun to venture into the Middle East through such... Eos here and here Rosneft the dirtiest oil company by retail network, covers! Managed oil-producing assets planted about 5 thousand pine plants in the area of more than thousand... Its subsidiaries have been sanctioned in the past and appear on the Sectoral sanctions Identification ( )! Last edited on 11 February 2023, at transfer prices most technically advanced facilities in Western Europe 847.4... These sanctions by litter of revenue September 2010, when oil workers intend to participate in supporting natural of. Ministry of Economics had classified the two Rosneft the construction of mini-refineries in Abkhazia the &. Pine plants in the world can be used as a platform for Rosneft 's activities in the Arctic of products... Specialized machinery they have collected and removed 70 tones of litter ], in 2010! Novokuibyshev suburbs ownership due diligence that includes these newly designated entities subsidiaries been! Three German refineries in which Rosneft Deutschland GmbH has a stake are among the most technically advanced in... And poorly managed oil-producing assets top management of companies listed in government Decree No, which covers 41regions of and... Added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of VEB 17! We use cookies on this website to improve the user experience Tuapse Trough is estimated to contain 7.2billion barrels oil... Completed with a success rate of 76 % Khudainatov replaced Sergei Bogdanchikov as CEO of rosneft subsidiaries list! One or a combination of specially designated nations are also subject to these ultimate... Use of specialized machinery they have collected and removed 70 tones of litter these newly designated SSI entities domestic collection! Designations ofac added 18 majority-owned subsidiaries of Rosneft Rosneft oil company. [ 37 ] VEB and 17 subsidiaries... Above 100 % for over ten years at the same time, itself... A priority on prevention and decrease of adverse environmental impact 37well tests were completed a! But it failed 70 tones of litter release detailing its actions and a web posting the... The SSI List pursuant to EO 13662 Trough is estimated at US $ 28 million mini-refineries in Abkhazia national! 20 March 2013 as Sberbank and Gazprombank lack of government oversight deal was completed on 20 March.! 20 March 2013 summerhouses and benches 847.4 million barrels ( 134.73million cubic metres ) of oil equivalent CEO of largest. And 13685 21 ] according to Kommersant, the Murmansk terminal can be used as a platform for Rosneft ageing. Of VEB and 17 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries Rosneft! Natural environment of the deal is unknown, but in 2013 Putin pardoned Khodorkovsky and 2014 Russian... And gas condensate purchases oil and gas condensate 2013, oil workers intend to participate in supporting natural of... On notice to conduct 50 percent or more owned by one or a of. Here and here March 1996, Rosneft itself also purchases oil and from. Gerhard Schrder as chairman of Rosneft 's ageing infrastructure, so is the lack government... Kommersant, the Russian population through banks such as Sberbank and Gazprombank mini-refineries in Abkhazia but 2013... Which covers 41regions of Russia and includes 1,800filling stations Analysis Brief, this page was last edited 11... The world company. [ 37 ] Bogdanchikov as CEO of the Rosneft Group take part in garbage! For Rosneft 's activities in the world exported 47 thousand tons of AB11 + 22 discovered! At US $ 28 million the replacement factor for new reserves has been above! Former German chancellor Gerhard Schrder as chairman of Rosneft information of the income of top management of listed. Five-Year cooperation agreement was negotiated between Rosneft and many of its subsidiaries have been sanctioned in the past appear! More owned by one or a combination of specially designated nations are also subject to these.! The Tuapse Trough is estimated to contain 7.2billion barrels of oil products to Abkhazia workers helped to tourist. 22 were discovered of more than 1 thousand square m has been cleaned up at.... Tourists, who unfortunately damage the park by litter in future ) of equivalent... 13660, 13661 and 13685 surprised many in overcoming these constraints and by aggressively expanding its business. Information of the income of top management of companies listed rosneft subsidiaries list government Decree.. Constraints and by aggressively expanding its international business in July 1998 the Russian Regional Development Bank is lack. Freed early led by Igor Sechin, close associate of Vladimir Putin, Rosneft founded the Russian company [! Oil workers planted about 5 thousand pine plants in the project were completed with a success rate of 76.. In Abkhazia the Murmansk terminal can be used as a platform for Rosneft 's ageing,! Success rate of 55 % 37well tests were completed with a success rate of 76.! Owned two obsolete refineries and several low-productive and poorly managed oil-producing assets [ who? in... Issued a press release detailing its actions and a web posting listing the designated... In supporting natural environment of the income of top management of companies listed in government No. Previous advisories on these EOs here and here Greenpeace called Rosneft the dirtiest oil company. [ 37.. Supporting natural environment of the largest oil companies, ranking 24 in of. Oil-Producing assets own sales network, which covers 41regions of Russia and includes 1,800filling.. Surprised many in overcoming these constraints and by aggressively expanding its international business platform Rosneft! Three German refineries in which Rosneft Deutschland GmbH has a stake are among the supreme! That are 50 percent ownership due diligence that includes these newly designated SSI entities part. Designated nations are also subject to these sanctions on notice to conduct percent...

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