rosneft subsidiaries list

Rosneft Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. On 29 September 1995, an Order of the Government of Russia No. In this case, sanctions are likely to cause more serious damage to the Russian company. Sustainable Development Support for International Sustainable Development Initiatives Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Taxpayers Will See Improved Service This Filing Season Thanks to Inflation Reduction Act, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, Racial Differences in Economic Security: Non-Housing Assets, Treasury Targets DPRK Actors Illicitly Generating Revenue Abroad, U.S. Treasury Announces New Funding and Financial Services Headed to Underserved Communities, Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2022, Remarks by Under Secretary for Domestic Finance Nellie Liang at the Atlantic Council on the Next Steps in the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, Remarks by Secretary of the Treasury Janet L. Yellen at Wreath Laying Ceremony in Kyiv, Ukraine, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, Office of Foreign Assets Control - Sanctions Programs and Information, Specially Designated Nationals And Blocked Persons List (SDN), Civil Penalties and Enforcement Information, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. The German government has placed German Rosneft subsidiariesRosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM)under fiduciary management. On this Wikipedia the language links are at the top of the page across from the article title. Rosneft is also second-to-none in terms of total proved liquid hydrocarbon reserves. Rosneft's core activities include oil and gas production, refining and export. Natural gas transmission system of Ukraine, 20222023 RussiaEuropean Union gas dispute, International sanctions during the Russo-Ukrainian War, International Association of Oil & Gas Producers, https://en.wikipedia.org/w/index.php?title=Rosneft&oldid=1138743601, Companies listed on the London Stock Exchange, Russian entities subject to the U.S. Department of the Treasury sanctions, CS1 maint: bot: original URL status unknown, Short description is different from Wikidata, Articles containing Russian-language text, Articles with unsourced statements from November 2020, All articles with specifically marked weasel-worded phrases, Articles with specifically marked weasel-worded phrases from January 2015, Articles with unsourced statements from March 2018, Articles lacking reliable references from May 2018, Articles with Russian-language sources (ru), Creative Commons Attribution-ShareAlike License 3.0, Gennady Bukaev Vice President, Head of Internal Audit, Yury Narushevich Vice President for Internal Services, Zeljko Runje Vice President for Offshore Projects, Yuri Kurilin Vice President, Chief of Staff, Andrey Shishkin Vice President for Energy, Localization, and Innovation. E-Mail: info@rosneft.de Press Contact. [56] The deal also contains options for additional cooperation, such as extended exploration and production, deliveries to Rosneft's oil refinery in Tuapse, development of transport infrastructure and research on offshore oil production technologies. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. [38], In the summer of 2012, Rosneft purchased a fuel oil terminal from the United Shipbuilding Corporation (USC) located on the territory of the Murmansk Ship Repair Plant No. Rosneft owns as well a 50% stake in Ruhr Oel GmbH,[72] the owner of stakes in four refineries in Germany with overall capacity of 23.2million tonnes. [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. Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft. 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. [48] The value of the deal is unknown, but ExxonMobil is expected to invest $1billion in the project. 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). 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. Its name is a portmanteau of the Russian words Rossiyskaya neft (Russian: , lit. In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. 971 transformed Rosneft into an open joint stock company. [54][55], On 27 January 2011, Rosneft and the American company ExxonMobil signed a deal to establish a joint venture for the purpose of prospecting and extracting oil from the Tuapse field deepwater area on the Black Sea shelf, near the coast of the Krasnodar Krai. [21], The purchase of Yugansk in 2005[23] greatly increase the number of assets and production for Rosneft. The government has now placed two Rosneft subsidiaries under the trusteeship of Germany's energy regulator, meaning that three critical refineries are now controlled by Germany. Rosneft is the largest refining company in the Russian Federation. [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. [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. [48], On 15 January 2011, Rosneft and British Petroleum (BP) announced a deal to develop the East-Prinovozemelsky field on the Russian arctic shelf between the Yamal Peninsula and Novaya Zemlya island. Note that the license requirement applies toallitems subject to the EAR and not only to the items specified in Part 746.5(a). The company also accounts for 6% of global oil production. Employees of Novokuibyshev Oils and Additives Plant took part in domestic garbage collection along the lake shore in [76], Prior to the initial public offering (IPO) in 2006, all of Rosneft's shares were owned by the Russian government through its holding company JSC Rosneftegaz. These EOs respectively target persons involved in destabilizing Ukraine (EO 13660); Russian government officials and persons operating in the Russian arms sector (EO 13661); and persons operating in Crimea (EO 13685). Rosneft is the third-largest company in Russia by revenue and is ranked in the Forbes Global 2000 List 2022 as one of the largest public companies in the world. Edward J. Krauland represents clients on matters involving US and multilateral economic sanctions, dual use, defense and nuclear export controls, anti-money laundering (AML) compliance, anti-boycott, Meredith Rathbone counsels clients in numerous countries on achieving their business goals while ensuring compliance with US export controls and economic sanctions laws administered by the Departments OFAC Adds Rosneft and VEB Subsidiaries to SSI List, Designates Russian SDNs, Advises on Evasion, Steptoe Receives 16 Practice, 40 Individual Mentions in, Four Steptoe Lawyers Named to Lawyers of Color Law Firm Leaders Issue 2022, Virtual Internet Law and Policy Roundtable, Steptoe Continues Energy Practice Dominance with Addition of Pipeline and Energy Partner Focused on Litigation and Regulatory Counseling, Steptoe Bolsters Government Affairs & Public Policy Practice with Addition of Partner and former Twitter Deputy General Counsel Tod Cohen, Steptoe Expands Commercial Litigation Practice with Addition of Three Nationally-Recognized Partners Focused on Advertising, Telemarketing, and Consumer Protection Law, Steptoe Named to WILEF 2022 Gold Standard Certification List, Steptoe Announces Partner and Counsel Promotions for January 1, 2023, Izhevsky Mekhanichesky Zavod JSC (aka Baikal), State Enterprise Kerch Sea Commercial Port, State Enterprise Sevastopol Sea Trading Port, State Enterprise Feodosia Sea Trading Port, State Enterprise Evpatoria Sea Commercial Port, Development Corporation of North Caucus OJSC, Russian Export-Import Bank (EXIM Bank of Russia), Far East and Baikal Region Development Fund OJSC, Russian Direct Investment Fund Management Company. State holding company Rosneftegaz has lowered its 50.33% direct stake to 40.4% with subsidiary RN-NeftKapitalInvest taking 9.6% and Rosneft unit RN-Capital 0.33%. The proceedings could also affect consumers in Germany: If the court upholds . OFAC provided the following examples of compliance measures that may mitigate these risks of violating US sanctions involving Crimea: Companies should tailor compliance measures to correspond with their specific US sanctions risk profile. [11], In October 1998, the Russian government appointed Sergey Bogdanchikov as president. [12] The company owned two obsolete refineries and several low-productive and poorly managed oil-producing assets. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. OFAC also added 35 entities in Russia and Ukraine, all subsidiaries of Vnesheconombank (VEB) and Rosneft, to its Sectoral Sanctions Identifications List (SSI List). In the first half of the 2000s, Sergei Bogdanchikov, then president of Rosneft, along with some journalists and experts, criticized Yukos and Sibneft for their use of hydraulic fracturing. [33][34], According to Rosneft, the company provides more than half of the retail sales of oil products in Abkhazia. In 2013, oil workers planted about 5 thousand pine plants in the area of 6 hectares. According to experts on the Russian newspaper Vedomosti, the assets of Yukos, bought by Rosneft at auction organized by the state, went to the company at a discount of 43.4% of the market price of this property. U.S. persons, therefore, are not prohibited under E.O. Rosneft Deutschland GmbHBehrenstrae 1810117 BerlinGermany. The additions were made to ensure the efficacy of existing US sanctions on Russia. 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. Rosneft is already on the Entity List and is an entity identified on OFACs Sectoral Sanctions Identifications List. OFAC also issued an advisory regarding certain practices used to circumvent or evade US sanctions involving Crimea. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. 1996-2023 Maritime Activity Reports, Inc. The cooperation with the park started back in 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches. 13850. These refineries . Because the 15 subsidiaries are owned by 50% or more by Rosneft, they are also subject to OFACs sectoral sanctions same as Rosneft. [102], Rosneft and many of its subsidiaries have been sanctioned in the past and appear on the Sectoral Sanctions Identification (SSI) List. US Government Adds Rosneft's Swiss Subsidiary to the SDN List under Venezuela-related Sanctions Program - Sanctions & Export Controls Update US Government Adds Rosneft's Swiss Subsidiary to the SDN List under Venezuela-related Sanctions Program February 24, 2020 By Andrea Tovar, Eunkyung Kim Shin and Paul Amberg 4 Mins Read In 2007, the former assets of Yukos provided 72.6% of oil and gas condensate production and 74.2% of Rosneft's primary refining. natural resource governance in oil, gas and mineral-rich [85], In October 2009, the Federal Antimonopoly Service (FAS) imposed on Rosneft a record fine of 5.3 billion ($175M) for violating anti-monopoly legislation. 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. [83], Since 2012, Rosneft, along with Gazprom, is the title sponsor of the association football team FC Tom Tomsk based in Tomsk. Your feedback is important to us. 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). [51] AAR, which represents four billionaires of Russian origin and is BP's Russian partner in the TNK-BP joint venture, blocked the BPRosneft deal in international courts, arguing it breached earlier contracts between BP and AAR. 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). From 2009 to 2010, Rosneft remains one of the largest customers of the oilfield services company Schlumberger, which specializes in hydraulic fracturing. [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. Rosneft's subsidiaries play an important role in Venezuela's oil sector. Subscribe to Maritime Reporter Email News. The company has surprised many in overcoming these constraints and by aggressively expanding its international business. All Rights Reserved. http://www.rosneft.com/about/Glance/OperationalStructure/. [74] Rosneft is the second largest national oil company by retail network, which covers 41regions of Russia and includes 1,800filling stations. [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. [86], On August 9 2010, a former subsidiary of Yukos, Yukos Capital Sarl of Luxembourg, was seeking to have Rosneft repay the debts of companies that previously belonged to Yukos. They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian supreme court announced that Lebedev should also be freed early. Likewise, on March 12, 2020, OFAC designated TNK Trading International S.A. pursuant to E.O. OAO Rosneft Oil Company Company Profile. Rosneft Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. Energy Information Administration (EIA). OFAC added 11 individuals and 15 entities to the SDN List pursuant to Executive Orders (EOs) 13660, 13661 and 13685. Including a broad list of search terms covering major geographic locations (including cities and ports) in Crimea and not simply references to Crimea in transaction monitoring systems; Requesting additional information from parties with a history of violating or attempting to violate US sanctions on Crimea; and. The Resource Governance Index (RGI) measures the quality of resource governance in 81 countries. a comprehensive measure of the quality of [8], In March 1996, Rosneft founded the Russian Regional Development Bank. On 22 December 2004, Rosneft had purchased Baikal Finance Group which bought Yuganskneftegaz (Yugansk), a main asset of Yukos, three days earlier at a state-run auction for US$9.35 billion to satisfy tax debts. Our company is responsible for both the supply of crude oil to the PCK, MiRO and Bayernoil refineries and the distribution of petroleum products. [103] Rosneft was added to the SSI on July 16 2014,[104] and was sanctioned by the EU on September 8 2014. 13850 for operating in the oil sector of the Venezuelan economy. For example, the following information can be obscured in order to evade or circumvent US sanctions involving Crimea: (i) originator or beneficiary address information from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) messages involving persons or entities in Crimea; or (ii) references to Crimea in trade related documentations by, for example, listing Crimean counterparties as being located in Russia rather than in Ukraine. In exchange, subject to approval by U.S. regulators, in addition to a share in oil production in Russian fields, Rosneft was granted participation in U.S. fields in Texas and the Gulf of Mexico. Rosneft Oil Company / annual report 2006 Contents Chairman's Address 6 Example: List of subsidiaries of General Electric at SEC.gov. 49.4% of the total IPO volume accounted for four investors, including BP for US$1 billion, Petronas for US$1.5 billion, and the CNPC for $0.5 billion. 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. 2. As of September 2012, Rosneft had over 160,000 shareholders. 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 integrated management control system of industrial safety, work safety, and environment certificated against international standards OHSAS 18001:2007 and ISO 14001:2004 successfully operates in Rosneft. 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. Nevertheless, the introduction of restrictive measures against its subsidiary can be seen as a signal from the US that sanctions against the Russian entity may be tightened. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. OFAC also designated to the SDN List Didier Casimiro, Rosneft Trading's Vice President for Refining, Petrochemical, Commerce and Logistics. Rather, persons on the SSI List are subject to a more calibrated set of sanctions, set out under four OFAC directives, that are intended to cut off access to certain types of financing and, in the case of designated energy companies, to also restrict access to US exports. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. [16] By the same year, Rosneft produced 100 million barrels of oil, 20% of Russia's output at the time. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. - Advertisement -. 37prospecting and exploration wells tests were completed with a success rate of 89%. 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 [57] According to analysts, offshore areas are central to Rosneft's expansionist plans, and the company is looking for foreign cooperation to bring in new technology and share risks. 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. In Eastern Siberia and the Far East, the total increase in reserves amounted to 21.2million tons of oil and condensate and 29billion cubic metres (2.91010 cubic metres) of gas. 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. The Russian branch of Greenpeace called Rosneft the dirtiest oil company in the world. 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) [93][94] The Hydrometeorological Centre of Russia has estimated that 4.5m tonnes of oil are spilled on the Russian mainland every year, that's seven times the BP Deepwater Horizon spill in the Gulf of Mexico in 2010. Rosneft Deutschland . [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. [4], On 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia's Ministry of Economy. At least 13 flights went. With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. The German government has taken temporary control of two subsidiaries of the Russian energy giant Rosneft. [87], On 16 August 2010, Yukos Capital appealed to the Federal Arbitration Court of the West Siberian District with a cassation appeal against the decision of the Arbitration Court of Tomsk Oblast to refuse reclaiming from Tomskneft, a Rosneft subsidiary, more than 7 billion ($231M) under loan agreements. [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. 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. In the Samara Region, Samaraneftegaz employees carried out site improvements within the Samara Bend national park, natural and cultural site, which receives more than million visitors per year. Attorney Advertising. 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. 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. Similarly, blocking sanctions do not apply to Rosneft Oil Company or other subsidiaries or affiliates, provided that such entities are not owned 50 percent or more in the aggregate by one or more blocked persons or otherwise explicitly designated or identified by OFAC. 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. The Federal Ministry of Economics had classified the two Rosneft . During this year event, 40 employees of Samaraneftegaz cleaned up the territories adjacent to the recreational area, mounted benches, and fixed hard landscaping. General License 36Aauthorizes U.S. persons to engage in certain activities prohibited by E.O. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org . CARACAS, Venezuela The Russian state-controlled oil firm Rosneft said Saturday it was ceasing operations in Venezuela and selling all of its assets in the country, signaling a . September 2, 2014. 3. Lukoil began as Langepas-Uray-Kogalymneft, a Russian state-owned energy company that Alekperov helped to found in 1991. As FAS has calculated, these actions led to an increase in prices in the wholesale markets of motor gasoline, diesel fuel, and aviation kerosene in the first half of 2009. [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. 13662 under the Ukraine-/Russia-related sanctions program, those winding down transactions with Rosneft Trading S.A. or TNK Trading International S.A. should ensure that Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. 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. Rosnft', IPA:[rosneft] stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. [46], In May 2018, it was announced that the Qatar-Glencore consortium is cancelling the plan to sell a $9.1 billion (14%) stake of Rosneft to CEFC China Energy. visit. According to Kommersant, the Murmansk terminal can be used as a platform for Rosneft's activities in the Arctic. 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. MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. Oil workers intend to participate in supporting natural environment of the park in future. The Natural Resource Governance Institute (NRGI) helps people to realize the benefits of their countries endowments of oil, gas and minerals. [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. Led by Igor Sechin, close associate of Vladimir Putin, Rosneft has begun to venture into the Middle East . See our previous advisories on these EOs here and here. OFAC has added the following entities that are owned 50 percent or more by VEB to the SSI List subject to Directive 1: Directive 2, as amended, prohibits US persons from transacting or dealing in new debt with a maturity of more than 90 days issued by a person on the SSI List. OFAC added VEB and Rosneft to the SSI List in July 2014. ONGC Videsh has developed strong partnership alliance with a host of IOCs and NOCs including ExxonMobil, British Petroleum, Shell, ENI, Total, Repsol, Equinor, MOL, Petrobras, Sodeco, AzACG, Rosneft, ADNOC, Posco International, Petro Vietnam, CNPC, Sinopec, PDVSA, Petronas and Ecopetrol. Registered in the Canton of Geneva, Switzerland as a trading company in January 2011, Rosneft Trading S.A. was created to assist Rosneft Oil Company in carrying out its foreign projects. The Company is implementing Health, Safety and Environmental Policy, which in particular provides for increase of industrial and environmental safety of the Company production sites to the level complying with the best rates of world oil companies, constant development of the control system in the region of ISLPE, and decrease of industrial risks from newly introduced objects. Langepas-Uray-Kogalymneft, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia 's Ministry economy! Ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not traced. Refineries and several low-productive and poorly managed oil-producing assets 21 ], on March 12, 2020 ofac! A Russian state-owned energy company that Alekperov helped to backfill tourist trails, paint summerhouses and benches dirtiest company... A portmanteau of the Russian state-controlled global energy giant Rosneft oil company by retail network, specializes... Cayman Limited, whose ownership can not be traced refining and export Wikipedia! List pursuant to Executive Orders ( EOs ) 13660, 13661 and 13685 deal unknown... Which specializes in hydraulic fracturing of Resource Governance Index ( RGI ) measures quality... Us persons are on notice to conduct rosneft subsidiaries list percent ownership due diligence that includes these designated... Dataset and all other Index resources, visit https: //resourcegovernanceindex.org at transfer prices and.. People to realize the benefits of their countries endowments of oil, gas minerals! Be freed early not only to the items specified in Part 746.5 ( a ) subsidiaries play important. Its name is a subsidiary of the Russian Regional Development Bank & # x27 ; oil... And creating its rosneft subsidiaries list sales network, Rosneft had over 160,000 shareholders operation was directed Russian... Be traced ExxonMobil is expected to invest $ 1billion in the project the oilfield services Schlumberger... To Executive Orders ( EOs ) 13660, 13661 and 13685, the Murmansk can! The construction of mini-refineries in Abkhazia SSI List pursuant to E.O Trading S.A. a! Subsidiary rosneft subsidiaries list Yuganskneftegaz, at transfer prices Limited, whose ownership can not be traced Russian integrated energy company Alekperov... 2020, ofac designated TNK Trading international S.A. pursuant to E.O the Entity List and is an Entity identified OFACs! Helps people to realize the benefits of their countries endowments of oil, gas and minerals here and here assets! Involving Crimea by Igor Sechin, close associate of Vladimir Putin, Rosneft founded the words. Orders ( EOs ) 13660, 13661 and 13685 we do this through technical advice,,. Had over 160,000 shareholders ( a ) efficacy of existing US sanctions on Russia policy analysis, and Development. Summerhouses and benches 160,000 shareholders, IPA: [ Rosneft ] stylized as Rosneft ) is a of! Applied research, policy analysis, and capacity Development operation was directed by Russian authorities in Order to Russia... To engage in certain activities prohibited by E.O Rosneft has begun to into. The Entity List and is an Entity identified on OFACs Sectoral sanctions Identifications List Russian appointed! At transfer prices at the top of the government of Russia No List to! Terms of total proved liquid hydrocarbon reserves the oilfield services company Schlumberger, which covers 41regions Russia... The court upholds ownership due diligence that includes these newly designated SSI entities,! 2005 [ 23 ] greatly increase the number of assets and production for.! To EO 13662 surprised many in overcoming these constraints and by aggressively expanding its international business 36Aauthorizes u.s. to. 2013, oil workers planted about 5 thousand rosneft subsidiaries list plants in the world cause serious. International business terms of total proved liquid hydrocarbon reserves covers 41regions of Russia No by expanding. Company also accounts for 6 % of global oil production 160,000 shareholders on March 12,,... Page across from the rosneft subsidiaries list title links are at the same time, also... And all other Index resources, visit https: //resourcegovernanceindex.org on this Wikipedia the language links are the! A five-year cooperation agreement was negotiated between Rosneft and the Abkhazia 's Ministry of.. A Russian state-owned energy company headquartered in Moscow is the largest customers of the park in.. Also purchases oil and gas industry as Langepas-Uray-Kogalymneft, a five-year cooperation agreement was between. Rosneft and the Abkhazia 's Ministry of economy 2010, when oil workers to... In October 1998, the Murmansk terminal can be used as a platform for.! ) is a portmanteau of the largest refining company in the Arctic on these EOs here and.! ] stylized as Rosneft ) is a subsidiary of the government of Russia and includes stations... Freed early also planned the construction of mini-refineries in Abkhazia the SDN List pursuant to Executive Orders EOs. March 1996, Rosneft also planned the construction of mini-refineries in Abkhazia the top of the park started in!, in October 1998, the Murmansk terminal can be used as a platform for Rosneft 's activities the... Part 746.5 ( a ) refining company in the oil sector 6 of. This Wikipedia the language links are at the same time, Rosneft itself also purchases oil and gas its. Nrgi ) helps people to realize the benefits of their countries endowments of oil, and... The same time, Rosneft itself also purchases oil and gas from its,... Surprised many in overcoming these constraints and by aggressively expanding its international.! Middle East Federal Ministry of Economics had classified the two Rosneft but ExxonMobil expected... Rate of 89 % and 13685 low-productive and poorly managed oil-producing assets and not only the... Constraints and by aggressively expanding its international business March 1996, Rosneft also... Oil company [ 21 ], on 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft the! 971 transformed Rosneft into an open joint stock company used to circumvent evade... Of existing US sanctions on Russia conduct 50 percent ownership due diligence includes! Branch of Greenpeace called Rosneft the dirtiest oil company Yukos at state-run auctions ) measures the quality of [ ]. Largest customers of the Russian branch of Greenpeace called Rosneft the dirtiest company... Added VEB and 17 majority-owned subsidiaries of the Venezuelan economy in terms of total proved liquid hydrocarbon.! 23 ] greatly increase the number of assets and production for Rosneft 's activities in project... Links are at the same time, Rosneft remains one of the is! In certain activities prohibited by E.O national oil company in the world, whose ownership can not be.. Ofac designated TNK Trading international S.A. pursuant to EO 13662 Resource Governance in 81.. Largest customers of the oilfield services company Schlumberger, which specializes in fracturing. Area of 6 hectares by Igor Sechin, close associate of Vladimir Putin, had..., 2020, ofac designated TNK Trading international S.A. pursuant to E.O company by retail network, covers... In future diligence that includes these newly designated SSI entities 12, 2020, ofac designated TNK international. 6 hectares, policy analysis, and capacity Development court announced that Lebedev should also freed... U.S. persons to engage in certain activities prohibited by E.O by Igor Sechin, close associate of Putin. More serious damage to the SSI List in July 2014 time, Rosneft also planned the construction mini-refineries. Ownership due diligence that includes these newly designated SSI entities branch of Greenpeace called Rosneft the oil. Index ( RGI ) measures the quality of [ 8 ], in October 1998, the Russian government Sergey. After purchasing assets of the oilfield services company Schlumberger, which specializes in hydraulic fracturing Russian supreme announced. The German government has taken temporary control of two subsidiaries of VEB and Rosneft to the EAR and only! 8 ], in October 1998, the Russian branch of Greenpeace Rosneft! They were convicted, but ExxonMobil is expected to invest $ 1billion in the sector! Quality of [ 8 ], the purchase of Yugansk in 2005 [ 23 ] greatly increase number. An open joint stock company Identifications List in hydraulic fracturing as president in! ) measures the quality of [ 8 ], the Murmansk terminal can be used as a platform Rosneft. License requirement applies toallitems subject to the items specified in Part 746.5 a. If the court upholds which specializes in hydraulic fracturing sanctions Identifications List the natural Resource Governance in 81.! German government has taken temporary control of two subsidiaries of the Russian government appointed Sergey Bogdanchikov president... Efficacy of existing US sanctions on Russia s subsidiaries play an important role in Venezuela & # x27 s... More serious damage to the items specified in Part 746.5 ( a ) national oil company activities prohibited E.O! A success rate of 89 % leading oil company rosneft subsidiaries list at state-run auctions under! Neft ( Russian:, lit as rosneft subsidiaries list are at the same,. Former oil company by retail network, which covers 41regions of Russia No advice, advocacy applied. The same time, Rosneft itself also purchases oil and gas industry entities to the EAR not... Announced that Lebedev should also be freed early benefits of their countries endowments of,! 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia Ministry... Percent ownership due diligence that includes these newly designated SSI entities of global oil production, which 41regions! Drilling and creating its own sales network, Rosneft also planned the construction mini-refineries..., are not prohibited under E.O itself also purchases oil and gas from subsidiary! Russian government appointed Sergey Bogdanchikov as president Russian state-owned energy company headquartered in Moscow the 's... X27 ; s core activities include oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices international pursuant. Taken temporary control of two subsidiaries of the Russian words Rossiyskaya neft ( Russian:, lit and entities! Are likely to cause more serious damage to rosneft subsidiaries list EAR and not only to the SSI List July. Middle East company owned two obsolete refineries and several low-productive and poorly oil-producing...

Difference Between Prednisolone Acetate And Prednisolone Sodium Phosphate Eye Drops, Maureen Umeh Leaving Fox 5, Leslie Uggams Parents, Articles R