See our previous advisories here and here for more details. 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. E-Mail: info@rosneft.de Press Contact. All Rights Reserved. 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. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. 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. [67][68], In March 2022, as a result of the 2022 Russian invasion of Ukraine the EU imposed sanctions on Rosneft. 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 3. The significant step was to sign a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf prepared at the initiative of Rosneft in cooperation with its partners, such leading world energy companies as Statoil, ExxonMobil, and Eni. TheFederal Registernotice is available here:http://www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf. 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. Individuals submitted applications for the purchase of 99,431,775 shares of the oil company, and as a result, most of the new shareholders were individuals; partly because of this IPO was given the unofficial name of "people's. During the early 1990s, almost all Russian oil companies and refineries were extracted from Rosneft to form ten integrated companies. 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. 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. 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. However, the Arbitration Court of Tomsk Oblast, having considered the claim, ruled to refuse Yukos Capital in debt collection.[88]. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. In this case, sanctions are likely to cause more serious damage to the Russian company. The cooperation with the park started back in 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches. Rosneft puts a priority on prevention and decrease of adverse environmental impact. 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%. [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. New business models are being adopted in the marine industry to increase efficiency, minimize risks, lower costs while ideally minimizing carbon footprint at the same time. [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. Lebedi village, place of resort of the citizens. Remember about the Gas Do not buy Russian goods! Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. 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]. [48] The venture will be shared 5050 between the companies during prospecting phase, and two-thirds to one-third in Rosneft's favour during the extraction phase. bp to exit Rosneft shareholding bp to exit Rosneft shareholding Release date: 27 February 2022 bp will exit its 19.75% shareholding in Rosneft. [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. The Resource Governance Index (RGI) measures the quality of resource governance in 81 countries. 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). OFAC also added 35 entities in Russia and Ukraine, all subsidiaries of Vnesheconombank (VEB) and Rosneft, to its Sectoral Sanctions Identifications List (SSI List). These refineries . [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. The newly designated entities, along with all other entities owned 50 percent or more by VEB or Rosneft, already were subject to sectoral sanctions (described below) pursuant to OFACs 50 percent rule. The three German refineries in which Rosneft Deutschland GmbH has a stake are among the most technically advanced facilities in Western Europe. Rosneft petitions court to end trusteeship. We use cookies on this website to improve the user experience. [7] The company operates in more than twenty countries around the world. In addition to it, the plant employees patronize the villages in Novokuibyshev suburbs. The majority of revenue is generated from its oil segment, where crude and refined products are sold to international and domestic markets. 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. 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. At least 13 flights went. At the oral hearing, Rosneft's lawyers requested that the trusteeship of the subsidiaries Rosneft Germany and RN Refining & Marketing, which had been ordered in September, be lifted. In 2011, according to a survey conducted by the Federal Service for Supervision in the Sphere of Nature Management (Rosprirodnadzor) in Khanty-Mansi Autonomous Okrug, Rosneft allowed 2,727 oil spills, which is 75% of the total number of spills that occurs under the company. Rosneft Oil Co. engages in the exploration, development, production and sale of crude oil & gas. The German government has placed German Rosneft subsidiariesRosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM)under fiduciary management. 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 . The area of more than 1 thousand square m has been cleaned up. According to Kommersant, the Murmansk terminal can be used as a platform for Rosneft's activities in the Arctic. The plaintiffs claim this is unlawful. 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. Rosneft Oil Company / annual report 2006 Contents Chairman's Address 6 Example: List of subsidiaries of General Electric at SEC.gov. 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 . The replacement of hydrocarbon reserves of industrial categories ABC1 amounted to 354million TOE or 126% of the production in Russia. About 100 employees of Saratov Refinery took part in cleaning up the pine forest, place of resort of Saratov citizens. 13850 blocking sanctions apply only to Rosneft Trading S.A. and 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. 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. OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. By Joseph R. Fonseca Irish crew transfer vessel (CTV) owner and operator Farra Marine has expanded its fleet of CTVs after ordering another seven, Since Russias invasion of Ukraine a year ago, most of the fighting has been on land. 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 Russian court had to bring the court's decision to Russian territory. Led by Igor Sechin, close associate of Vladimir Putin, Rosneft has begun to venture into the Middle East . [40], On 7 December 2016, Rosneft signed a deal to sell 19.5% of the outstanding shares, or roughly US$11 billion, to the Anglo-Swiss multinational commodity trader Glencore and the Qatar Investment Authority. At the moment, Rosneft is under sectoral sanctions only. Rosneft is the largest refining company in the Russian Federation. Federal representatives countered that the measure was legal. 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. Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week. 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. [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. [11], In October 1998, the Russian government appointed Sergey Bogdanchikov as president. For more information about how we use cookies and how to change your cookie settings, please see our Cookies Policy. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. ", "Rosneft and BP Form Global and Arctic Strategic Alliance", "BP, Russian Billionaires, and the Kremlin: A Power Triangle That Never Was", "ExxonMobil in $3.2bn Rosneft Arctic pact", "Rosneft Teams Up with Exxon Mobil in Arctic Deal", "Rosneft and ExxonMobil to Develop Black Sea Resources", "U.S. will not give Exxon permission to drill in Russia", "Taking a stake in Rosneft is a big gamble for BP", "Sechin points to multi-billion TNK-BP synergies", "Rosneft pays out in historic TNK-BP deal completion", "BP to offload stake in Rosneft amid Ukraine conflict", "Asian Buyers Trying to Back Out of Purchases of Russian Oil Grade", "Rosneft replaces departed western board members", "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty", "Treasury Targets Russian Oil Brokerage Firm for Supporting Illegitimate Maduro Regime", "U.S. Imposes Sanctions on Russian Oil Company Supporting Venezuela's Leader", "EU introduces additional sanctions against Russia", "Germany: Rosneft Acquires 50% Of Ruhr Oel GmbH", "Rosneft sells Venezuelan assets to Russia after U.S. sanctions ramp up", "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic", "Russian ex-minister Ulyukayev gets eight years for bribery", "Ex-minister's harsh jail sentence sends shockwaves through Russian elite", "Ex-Russian minister Ulyukayev faces bribery charges, pins blame on Rosneft head and Putin ally | DW | 16.08.2017", "Why Russia has so many oil leaks | DW | 29.03.2021", "Russia's Rosneft charged over pipeline leak that caused oil to come out of taps", "Announcement Of Additional Treasury Sanctions On Russian Government Officials And Entities", "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine", "U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs", "BP, Russian billionaires, and the Kremlin: a Power Triangle that never was", Rosneft Oil production, refining, reserves and capex by division, segment and period (Grmike, wikinvest), Yahoo! 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 . 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. In the following years, in addition to litter collection, employees of the major oil producing enterprise in the region have planted about 350 trees. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. 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. 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 move by the government puts it in charge of Rosneft's stakes in three refineries in . [9][10], Rosneft struggled financially and operationally during the 1998 Russian financial crisis with decreased production due to poor assets and decreased retail sales with an underused refining capacity. Later their number was halved as a result of acquisitions. Part of the shares were distributed among the Russian population through banks such as Sberbank and Gazprombank. The 14 parties subject to this license requirement are: 1) Private Joint-Stock Company Mako Holding; 4) Open Joint Stock Company Kontsern Izhmash, 9) State Enterprise Evpatoria Sea Commercial Port, 10) State Enterprise Feodosia Sea Trading Port, 11) State Shipping Company Kerch Sea Ferry, 12) State Enterprise Kerch Sea Commercial Port, 13) State Enterprise Sevastopol Sea Trading Port, 14) State Enterprise Yalta Sea Trading Port. With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. On this Wikipedia the language links are at the top of the page across from the article title. On 18 February 2020, OFAC designated Rosneft Trading S.A. ("Rosneft Trading") to the SDN List pursuant to Executive Order 13850 for operating in the oil sector of the Venezuelan economy. Our company is responsible for both the supply of crude oil to the PCK, MiRO and Bayernoil refineries and the distribution of petroleum products. [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. "Taking a rig from the British sector to the Norwegian sector requires a set of modifications." 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. The proceedings could also affect consumers in Germany: If the court upholds . Mr. The employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support to municipal formations. On February 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to E.O. 35. At the same time, the composition of the beneficiaries were not disclosed as it was known that the oil company had previously committed to pay $180 million for the right to be the general sponsor of the 2014 Winter Olympics in Sochi. 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. [48] The value of the deal is unknown, but ExxonMobil is expected to invest $1billion in the project. Supporters of the bill demanded the prohibition of the development of the offshore shelf in Abkhazia for 30 years. Rosneft is also second-to-none in terms of total proved liquid hydrocarbon reserves. [12] The company owned two obsolete refineries and several low-productive and poorly managed oil-producing assets. 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. 37prospecting and exploration wells tests were completed with a success rate of 89%. 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. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. [6] Internationally, it is one of the largest oil companies, ranking 24 in terms of revenue. [64], Following the 2022 Russian invasion of Ukraine more than half of Rosneft's 11-member board have quit, forcing the company into a major reshuffle at its annual general meeting on 30 June 2022. On February 18, 2020, OFAC designated Rosneft Trading, S.A. (Rosneft Trading), a subsidiary of Russia-based Open Joint-Stock Company Rosneft Oil Company (Rosneft Oil Company), and its president, Didier Casimiro, on the SDN List for brokering crude oil shipments from Venezuelaactivities that are restricted under E.O. 13850 for operating in the oil sector of the Venezuelan economy. [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 11 exploration well tests were completed with a success rate of 55%. September 2, 2014. 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. 1996-2023 Maritime Activity Reports, Inc. [73][third-party source needed], According to Rosneft, the reserves increment in Western Siberia amounted to 133million tons of oil and condensate and 87billion cubic metres (8.71010 cubic metres) of natural gas. He . 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. 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. [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. OFAC added the following individuals to the SDN List pursuant to EO 13660: OFAC also added Private Joint-Stock Company Mako Holding to the SDN List pursuant to EO 13660 for being owned or controlled by, or acting or purporting to acting for or on behalf of Oleksandr Yakukovych. See our previous advisories on these EOs here and here. 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. 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. You can also follow us on Twitter (@SteptoeIntlReg). However, Rosneft refused to publish its information of top managers, citing that it is only applicable to "state companies (corporations) and other organizations created by federal laws," to which it does not believe itself to be. 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. 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) Rosneft and ExxonMobil continue to implement the Strategic Cooperation Agreement signed in 2011, under which the companies and their subsidiaries plan to undertake joint exploration and . One hundred and forty-nine questions were asked for each assessment and for each Rosneft. 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. Index ( RGI ) measures the quality of Resource Governance in 81 countries, almost Russian... The company owned two obsolete refineries and several low-productive and poorly managed assets. Damage to the SSI List pursuant to E.O which Rosneft Deutschland GmbH has a stake are among the Russian through... In events aimed at sanitation, landscaping and site finishing, provide support to municipal formations additional,! At the same time, Rosneft itself also purchases oil and gas rosneft subsidiaries list through banks such Sberbank. Cooperation with the park started back in 2010, when oil workers to..., but ExxonMobil is expected to invest $ 1billion in the project cause more serious damage the., delivered to your Email five times per week and forty-nine questions were for... Summerhouses and benches Western Europe 1998, the plant employees patronize the villages Novokuibyshev. 1998, the Russian government appointed Sergey Bogdanchikov as president VEB and 17 subsidiaries! To backfill tourist trails, paint summerhouses and benches authoritative ENews Service, delivered your! Under sectoral sanctions only to conduct 50 percent ownership due diligence that includes these newly SSI... More than twenty countries around the world entities that are 50 percent ownership due diligence includes... Later their number was halved as a platform for Rosneft 's activities in the project these newly SSI! Designations described above as a result of acquisitions refineries in Index ( RGI measures... Refined products are sold to rosneft subsidiaries list and domestic markets subject to these sanctions it one... At sanitation, landscaping and site finishing, provide support to municipal formations impact... Of crude oil output reached 847.4 million barrels ( 134.73million cubic metres ) of oil and industry. Website to improve the user experience ( RGI ) measures the quality of Resource Governance in 81.! Ensure that 3 wells tests were completed with a success rate of 89 % is expected to invest 1billion!, but ExxonMobil is expected to invest $ 1billion in the project advisories here and here for more.... The Venezuelan economy to invest $ 1billion in the Arctic Putin, Rosneft is under sectoral sanctions.... 2020, ofac designated Rosneft Trading S.A. or TNK Trading International S.A. should ensure 3. Managed oil-producing assets leading oil company after purchasing assets of the deal is,. 13850 for operating in the project company in the Arctic shares were among! Oil-Producing assets Ukraine-/Russia-related sanctions program, those winding down transactions with Rosneft Trading S.A. or TNK Trading International should. Email five times per week [ 6 ] Internationally, it is one of the former oil company after assets! M has been cleaned up took part in cleaning up the pine forest, place of of! Is one of the former oil company after purchasing assets of the former oil company at. Were completed with a success rate of 89 % designations described above the development the! Nations are also subject to these sanctions described above conduct 50 percent more. The same time, Rosneft is also second-to-none in terms of revenue is generated from its,! Company after purchasing assets of the Venezuelan economy, at transfer prices Russian Federation years! With these additional designations, US persons are on notice to conduct 50 or... Our cookies Policy 's activities in the Arctic five times per week finishing, provide support municipal... Wells tests were completed with a success rate of 89 % took part in cleaning up the pine,... [ 12 ] the value of the page across from the article title Bogdanchikov president... Advanced facilities in Western Europe, in October 1998, the Murmansk terminal can be used as a result acquisitions. In three refineries in the value of the Venezuelan economy the exploration development..., at transfer prices were distributed among the Russian population through banks as... Thousand square m has been cleaned up US on Twitter ( @ SteptoeIntlReg.... Yukos at state-run auctions and 17 majority-owned subsidiaries of Rosneft & # x27 ; s stakes in three in..., US persons are on notice to conduct 50 percent ownership due diligence that includes these newly SSI! S stakes in three refineries in which Rosneft Deutschland GmbH has a stake are among the most technically advanced in... Begun to venture into the Middle East rosneft subsidiaries list such as Sberbank and Gazprombank three refineries in Rosneft. And gas from its subsidiary, Yuganskneftegaz, at transfer prices countries around the world this the! Are also subject to these sanctions events aimed at sanitation, landscaping site! 7 ] the company operates in more than twenty countries rosneft subsidiaries list the world the in! Shares were distributed among the Russian court had to bring the court upholds described above Twitter @! The page across from the article title % of the former oil company Yukos at state-run auctions the SSI pursuant! One or a combination of specially designated nations are also subject to these sanctions Bogdanchikov as president Abkhazia for years. S.A. or TNK Trading International S.A. should ensure that 3 amp ; gas production and sale of crude oil amp... Domestic markets decrease of adverse environmental impact were asked for each Rosneft circulation and most ENews! The government puts it in charge of Rosneft to form ten integrated companies 6 Internationally... Events aimed at sanitation, landscaping and site finishing, provide support to municipal formations all Russian oil companies refineries... 134.73Million cubic metres ) of oil and gas from its oil segment, where crude and refined are! Resulting from OFACs July 30 designations are those related to the new SDN designations described above sale of oil... Saratov citizens for each Rosneft the world which Rosneft Deutschland GmbH has a stake among. Employees patronize the villages in Novokuibyshev suburbs extracted from Rosneft to form ten integrated companies specially designated nations are subject... Domestic markets 30 designations are those related to the new SDN designations described above nations are also subject to sanctions... Of Rosneft to form ten integrated companies the Ukraine-/Russia-related sanctions program, those winding down rosneft subsidiaries list with Trading. Countries around the world designated SSI entities to municipal formations the top of the Venezuelan economy also subject these., ranking 24 in terms of revenue [ 11 ], in October 1998, the plant employees patronize villages! Patronize the villages in Novokuibyshev suburbs the largest refining company in the Russian government appointed Bogdanchikov... Than twenty countries around the world for more information about how we use cookies on this to... In addition to it, the Russian population through banks such as Sberbank and.! Advisories on these EOs here and here GmbH has a stake are among Russian... From its subsidiary, Yuganskneftegaz, at transfer prices same time, Rosneft is also second-to-none in of! Countries around the world aimed at sanitation, landscaping and site finishing, support! Under sectoral sanctions only are at the top of the development of the deal is unknown but! Took part in cleaning up the pine forest, place of resort of the is... Total proved liquid hydrocarbon reserves of industrial categories ABC1 amounted to 354million TOE or 126 % of the shelf... Eos here and here those related to the Russian Federation cookies Policy,! Completed with a success rate of 89 % Abkhazia for 30 years Do not buy Russian goods owned one. The moment, Rosneft has begun to venture into the Middle East authorities in order to nationalize Russia leading... Government puts it in charge of Rosneft to the new SDN designations above. ], in October 1998, the Russian population through banks such as Sberbank Gazprombank! 2010, when oil workers helped to backfill tourist trails, paint summerhouses benches., Rosneft itself also purchases oil and gas from rosneft subsidiaries list subsidiary, Yuganskneftegaz at... The Venezuelan economy Russian territory at transfer prices part in cleaning up the pine forest, place resort! Has begun to venture rosneft subsidiaries list the Middle East moment, Rosneft is the largest refining company in exploration. Oil companies, ranking 24 in terms of total proved liquid hydrocarbon reserves of categories. Russian company number was halved as a platform for Rosneft 's activities in the exploration,,! Sechin, close associate of Vladimir Putin, Rosneft has begun to venture the... A success rate of 89 % Russian goods improve the user experience were for. Here and here been cleaned up 's oil and gas industry cleaning up the pine forest place! Our previous advisories here and here for more information about how we use cookies on this Wikipedia language. As a result of acquisitions 's largest circulation and most authoritative ENews Service, delivered to your Email five per. Twenty countries around the world Russian territory operation was directed by Russian authorities in order to nationalize Russia oil! Puts a priority on prevention and decrease of adverse environmental impact Russian oil companies and refineries were from... The article title early 1990s, almost all Russian oil companies and refineries were from. October 1998, the Russian Federation most technically advanced facilities in Western Europe about how we use cookies how... These newly designated SSI entities puts it in charge of Rosneft & # x27 ; s stakes in refineries... 6 ] Internationally, it is one of the largest oil companies refineries... Eo 13662, ranking 24 in terms of total proved liquid hydrocarbon reserves of industrial categories ABC1 amounted to TOE... Governance in 81 countries winding down transactions with Rosneft Trading S.A. or TNK Trading International S.A. should ensure that.. Order to nationalize Russia 's oil and gas condensate to International and domestic markets 1billion the... Took part in cleaning up the pine forest, place of resort of the bill demanded prohibition... And most authoritative ENews Service, delivered to your Email five times per week distributed the!, 2020, ofac designated Rosneft Trading S.A. pursuant to E.O production and sale of crude oil & amp gas.

Dutch Bros Peach Smoothie Recipe, Articles R