September 16, 2014 10:52 AM ET

Oil, Gas and Consumable Fuels

Company Overview of JSC "Zarubezhneft"

Company Overview

JSC "Zarubezhneft" engages in the exploration, development, and operation of oil and gas fields in the Russian Federation and internationally. Its activities also include design, construction, and operation of oil refineries, tank farms, and pipeline systems; application of Russian technologies for oil field development; testing and export of hi-tech methods for oil recovery enhancement; export-import operations for technological equipment supply; and analytical, organizational, and technical services. The company has a strategic partnership agreement with Russian Innovation Fuel (RITEK) and Energy Company. JSC "Zarubezhneft" was founded in 1967 and is based in Moscow, Russian Federation wit...

Building 1

9/1/1 Armiansky pereulok

Moscow,  101990

Russia

Founded in 1967

Phone:

7 495 748 6500

Fax:

7 495 748 6505

Key Executives for JSC "Zarubezhneft"

General Director
Age: 47
Secretary
First Deputy General Director
Deputy General Director
Age: 39
Deputy General Director
Age: 54
Compensation as of Fiscal Year 2014.

JSC "Zarubezhneft" Key Developments

Novorossiysk Commercial Sea Port Approves Additional Loan Agreements to OAO NPK Zarubezhneft

On December 30, 2013, the Board of Directors of Novorossiysk Commercial Sea Port approved an interested-party deal - additional agreements to prolong the term of loan agreements with OAO NPK Zarubezhneft for a term of one year. Interest rate is 7% per annum.

Lukoil in Talks With Majors Investors For Venezuela Stake

Open Joint Stock Company Oil company LUKOIL (MICEX:LKOH) has been in talks with international majors about selling its stake in a consortium developing a large oil project in Venezuela, Kommersant daily reported, citing sources. Igor Sechin, head of Open Joint Stock Company Rosneft Oil Company (LSE:ROSN), said it is considering buying Lukoil's stake. Kommersant said that Lukoil has been in talks with Statoil ASA (OB:STL), Chevron Corporation (NYSE:CVX), Total SA (ENXTPA:FP), Korea National Oil Corporation, Sinopec Shanghai Petrochemical Co. Ltd. (SEHK:338), CNOOC Ltd. (SEHK:883), Bashneft Region OOO, ONGC Videsh Limited and JSC "Zarubezhneft".

Zarubezhneft, PetroVietnam Sign Cooperation Agreement on Rusvietpetro

Zarubezhneft has signed a memorandum with PetroVietnam covering expanded cooperation within their joint venture, Rusvietpetro. Rusvietpetro is developing 13 fields in Central Khorei Ver section of Russia's Nenets autonomous district, but has encountered difficulties stemming from the geology of the formations. The fields feature very complex collectors and high water cut. As a result, the production plateau for the project has been reduced to 3 million tonnes from 5 million tonnes previously. Under the document signed, the two sides will seek out and implement the optimal strategy for developing the fields on a mutually beneficial basis. The strategy, aimed chiefly at improving the economics of the project, will include methods for boosting yields, application of new technologies, and opportunities for optimizing the scheme for working up the Central Khorei Ver fields. It will also include measures for utilizing associated petroleum gas, minimizing the environmental impact and cooperating in the social sphere.

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