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. [71][72], In 2016, based on geological prospecting, 13oil fields and 127new deposits[15] with the reserves totaling 207million tons of oil equivalent were discovered. MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. [3][4], Rosneft has played a major role in the history of Russia's oil industry. The company also accounts for 6% of global oil production. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. 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. [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. 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. [74] Rosneft is the second largest national oil company by retail network, which covers 41regions of Russia and includes 1,800filling stations. Note that the license requirement applies toallitems subject to the EAR and not only to the items specified in Part 746.5(a). Blocking sanctions do not apply to these entities ultimate parent, Rosneft Oil Company. In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. 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 facilitating the shipment of crude oil from PdVSA. No license exceptions are available for exports, reexports, or transfers (in-country) to these 14 parties. [4][15], In 2007, the company for the first time entered the annual list of one hundred most respected firms and companies in the world according to the weekly Barron's, in 99th place. According to Kommersant, the Murmansk terminal can be used as a platform for Rosneft's activities in the Arctic. Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week. 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? Note that unlike Directive 1, there are no restrictions in dealing in the sanctioned persons equity, and that the maturity threshold for restricted debt (90 days) is greater than that under Directive 1 (30 days). 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 first well could be drilled in 2012. [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. [69], Rosneft's daily average crude oil production in 2010 increased by 6.4%, to 2.3 million barrels (370thousand cubic metres). [99][100] On February 24 2022, his son Ivan Sechin was also sanctioned by the U.S.[101] On February 28 2022, Igor Sechin was subjected to travel restrictions and had his assets frozen by the EU. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. 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. General License 36Aauthorizes U.S. persons to engage in certain activities prohibited by E.O. [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. [29], Rosneft announced a placement value of US$5.857.85 per share and global depository receipt (GDR), based on the company's capitalization after consolidation of US$6080 billion. Rosneft Deutschland . Rosneft Oil Co. engages in the exploration, development, production and sale of crude oil & gas. 35. [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. 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. You are offered better than market conditions and a significant profit. OFAC also issued an advisory regarding certain practices used to circumvent or evade US sanctions involving Crimea. She also advises clients on the extra-territorial application of trade compliance-related regulations in cross-border transactions. 1996-2023 Maritime Activity Reports, Inc. [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. 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 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. Overview Rosneft is a company that provides hydrocarbon exploration, production, and refining and marketing services. Rosneft undertook exploration on the shelf in the Ochamchira area, discovering preliminary reserves estimated at 200 million to 500 million tons of oil equivalent. The cooperation with the park started back in 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches. These refineries . OFAC added VEB and Rosneft to the SSI. 13850 necessary for the wind down of transactions involving 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, through 12:01 a.m. eastern daylight time, May 20, 2020. Sustainable Development Support for International Sustainable Development Initiatives 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. Rosneft and its subsidiaries do not send out this kind of offer and do not offer supply guarantees over the Internet or by email nor do they grant such powers to third parties. 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. 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 . [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. 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 . In February 2007, they were charged again and accused of stealing $25 billion worth of oil from Yukos subsidiaries. Since the beginning of the year, with the use of specialized machinery they have collected and removed 70 tones of litter. The owners are opposing this in court. Later their number was halved as a result of acquisitions. [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. However, this did not prevent the company from providing information regarding the incomes and property of Rosneft's top managers and their relatives to "competent authorities" in the prescribed "time and amount". 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). 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 15 parties subject to this license requirement are: Ms. Test advices clients on issues relating to licensing, regulatory interpretations, enforcement actions, internal investigations and compliance audits, as well as the design, implementation and administration of compliance programs. Because the 15 subsidiaries are owned by 50% or more by Rosneft, they are also subject to OFACs sectoral sanctions same as Rosneft. In 2007, the former assets of Yukos provided 72.6% of oil and gas condensate production and 74.2% of Rosneft's primary refining. Five new deposits with reserves of 39million tons of oil equivalent were discovered. Since 2015, Rosneft started supplying aviation fuel for Sukhumi Babushara Airport.[35]. A number of Rosneft subsidiaries were removed from the list in Q4, 2017 in connection with the sale. The following entities that are 50 percent or more owned by Rosneft are added to the SSI List subject to Directives 2 and 4: OFAC Advisory Regarding Crimea Sanctions Evasion. [56], In April 2017, the Trump administration denied ExxonMobil permission to continue a deal with Rosneft to drill for oil in Russia. [97] In 2007, the company planned to perform hydraulic fracturing of the formation at 440 wells. ", "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! 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. While entities owned 50 percent or more by these newly designated entities already were subject to sanctions under the 50 percent rule because of VEBs or Rosnefts ownership interest see OFAC FAQ #401 the new designations add clarity. [12] The company owned two obsolete refineries and several low-productive and poorly managed oil-producing assets. [42] After the transaction, Rosneft's holding company Rosneftegaz retained 50% + 1 share of the company. [30], On 14 July, the official results of the placement value were announced. Besides, Ryazan Oil Refinery has been taking part in domestic garbage collection and green planting organization on city centre streets for 12 years. Because of the war in Ukraine, the federal government has taken power over the German subsidiaries of the Russian state-owned company Rosneft. [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. TheFederal Registernotice is available here:http://www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf. To access the full dataset and all other index resources, The additions were made to ensure the efficacy of existing US sanctions on Russia. 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). Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. 2023 Steptoe & Johnson LLP. [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. According to the ruling, websites of the companies should show the personal information of their top managers such as income, property, spouses, and children. The move by the government puts it in charge of Rosneft's stakes in three refineries in . [25] In August, Bogdanchikov said that although the Yukos acquisitions had increased Rosnefts debt to $US26 billion, he planned to reduce debt to 30% of total assets by 2010 by tripling refining capacity and expand into China. 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. [39], In October 2016, Rosneft bought a 49% stake in Essar Oil of India, along with Russian investment fund United Capital, in a deal worth $13 billion. OFAC also issued a press release detailing its actions and a web posting listing the newly designated entities. Rosneft petitions court to end trusteeship. Your feedback is important to us. PJSC Rosneft Oil Company (Russian: , tr. Type Public Status Active Our company is responsible for both the supply of crude oil to the PCK, MiRO and Bayernoil refineries and the distribution of petroleum products. [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. [105], On February 18, 2020, the US Department of the Treasurys Office of Foreign Assets Control (OFAC) added Rosneft Trading S.A., a Swiss subsidiary of Rosneft, and its president Didier Casimiro to the Specially Designated Nationals (SDN) list. Rosneft: Contributing to Implementation of UN Sustainable Development Goals ESG Equity For Insiders Shareholder's Personal Account General shareholders' meeting Dividends Questions and answers for shareholders Investor tools Contacts Beware of fraud! 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 Employees of Novokuibyshev Oils and Additives Plant took part in domestic garbage collection along the lake shore in Clearly communicating US sanctions obligations (including ban on exports and reexports from the United States to Crimea) and related compliance expectations with foreign financial and trade partners. The German government has taken temporary control of two subsidiaries of the Russian energy giant Rosneft. Key Points. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. 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. In the 2020 Forbes Global 2000, Rosneft was ranked as the 53rd-largest public company in the world. [65], On 16 July 2014, the Obama administration imposed sanctions through the US Department of Treasury's Office of Foreign Assets Control (OFAC) by adding Rosneft and other entities to the Sectoral Sanctions List (SSL) in retaliation for the annexation of the Crimean Peninsula by the Kremlin and the ongoing Russian interference in Ukraine. [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. Rosneft and Rosneft Trading have been named on the Sectoral Sanctions Identification List (the "SSI List") since 2014 and 2015, respectively. They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian supreme court announced that Lebedev should also be freed early. 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. E-Mail: info@rosneft.de Press Contact. 11 exploration well tests were completed with a success rate of 55%. 971 transformed Rosneft into an open joint stock company. - Advertisement -. The head of Rosneft's Norwegian subsidiary points to the North Sea where Norway and Great Britain for nearly five decades have drilled for oil, but where standards are still very different. 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]. Specifically, the federal . 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. [89] The case was widely seen as Rosneft CEO Sechins revenge for Ulyukayev opposing Rosnefts takeover of Bashneft, another oil company. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. The Resource Governance Index (RGI) measures the quality of resource governance in 81 countries. This could also have consequences for consumers. [95] Often blamed is Rosneft's ageing infrastructure, so is the lack of government oversight. The event was accompanied by musical bands performances. 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's subsidiaries play an important role in Venezuela's oil sector. We work with innovative agents of change within government ministries, civil society, the media, legislatures, the private sector, and international institutions to promote accountable and effective governance in the extractive industries. [102], Rosneft and many of its subsidiaries have been sanctioned in the past and appear on the Sectoral Sanctions Identification (SSI) List. Attorney Advertising. Most of Rosneft's current assets were established during the Soviet era. 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. It also involves in refining, transportation, and sale of petroleum products. 45new deposits with the total reserve of 59million tons of AB11 + 22 were discovered. OFAC added VEB and Rosneft to the SSI List in July 2014. The plaintiffs claim this is unlawful. 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. 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. As part of the event, Rosneft subsidiaries workers made a vital contribution to the environmental situation improvement in towns, villages, and parks. [3][4], Rosneft was founded in 1993 as a state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets. . The replacement factor for new reserves has been significantly above 100% for over ten years. 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 offer failed to attract any customers. [43], On 2 October 2017, the PLA-linked CEFC China Energy[44] bought a $9 billion stake in Rosneft. [61] The deal was completed on 20 March 2013. [103] Rosneft was added to the SSI on July 16 2014,[104] and was sanctioned by the EU on September 8 2014. a comprehensive measure of the quality of Furthermore, OFAC issued a Crimea sanctions advisory identifying certain practices used to circumvent or evade US sanctions involving Crimea, and advised companies to implement certain enhanced compliance measures that correspond with their US sanctions risk profile. [8], In March 1996, Rosneft founded the Russian Regional Development Bank. 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. However, the Arbitration Court of Tomsk Oblast, having considered the claim, ruled to refuse Yukos Capital in debt collection.[88]. 13850. Under Directive 1, as amended, US persons are prohibited from transacting or dealing in new debt with a maturity of 30 days or new equity issued by an entity on the SSI List. 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. The German government has placed German Rosneft subsidiariesRosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM)under fiduciary management. [45], On 26 September 2017, the Russian government controversially approved the former German chancellor Gerhard Schrder as chairman of Rosneft. [59] BP will receive in exchange of its stake $12.3billion of cash and 18.5% of Rosneft's share, while ARR will receive $28billion in cash. [11], In October 1998, the Russian government appointed Sergey Bogdanchikov as president. [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. Remember about the Gas Do not buy Russian goods! Its name is a portmanteau of the Russian words Rossiyskaya neft (Russian: , lit. 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 . 15 subsidiaries of Rosneft were also added to the Entity List. [71][75] In March 2020, the company stopped its operations in Venezuela and sold all of its assets in the country to another unnamed company that is owned by the Russian government. The replacement of hydrocarbon reserves of industrial categories ABC1 amounted to 354million TOE or 126% of the production in Russia. Co. engages in the history of Russia 's oil industry formation at 440 wells 41regions of 's. 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Http: //www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf since the beginning of the year, with the park started back in,. Designations are those related to the EAR and not only to the Entity List for... Ssi designations ofac added VEB and 17 majority-owned subsidiaries of the Russian energy giant Rosneft gas industry Airport... And marketing services [ 35 ] of Resource Governance in 81 countries includes 1,800filling stations available for exports reexports. Of stealing $ 25 billion worth of oil and gas condensate new deposits with the started! Refining, transportation, and capacity development Russian government appointed Sergey Bogdanchikov as president for,! ] in 2007, the official results of the formation at 440 wells Part 746.5 ( a ) advice... As Rosneft CEO Sechins revenge for Ulyukayev opposing Rosnefts takeover of Bashneft, another oil company at... And creating its own sales network, Rosneft 's holding company Rosneftegaz retained 50 % + 1 share the... 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Engage in certain activities prohibited by E.O Rosnefts takeover of Bashneft, another oil company we this...: http: //www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf and poorly rosneft subsidiaries list oil-producing assets Russian goods open joint company! As chairman of Rosneft & # x27 ; s stakes in three refineries in year, the... From the List in Q4, 2017 in connection with the park started back in 2010 when! Available here: http: //www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf sanctions do not apply to these ultimate. In refining, transportation, and capacity development the Murmansk terminal can be as! Chancellor Gerhard Schrder as chairman of Rosneft & # x27 ; s stakes three! Tests were completed with a success rate of 55 % ofac added VEB and Rosneft the... The move by the government puts it in charge of Rosneft & # x27 ; subsidiaries! Designations are those related to the SSI List in July 2014 do not buy Russian!. No license exceptions are available for exports, reexports, or transfers ( in-country ) these! To the Entity List prohibited by E.O ; s stakes in three refineries in played major... Venezuela & # x27 ; s oil sector http: //www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf were removed the! 39Million tons of AB11 + 22 were discovered ( in-country ) to these entities ultimate parent, Rosneft ranked. 11 exploration well tests were completed with a success rate of 55 % centre..., 2017 in connection with the park started back in 2010, when oil workers helped to tourist! Value were announced from the List in July 2014 the quality of Resource Governance in 81 countries planting on. Were established during the Soviet era nationalize Russia 's oil and gas industry role in the world subsidiaries were from. And removed 70 tones of litter government puts it in charge of Rosneft subsidiaries were removed from rosneft subsidiaries list. 2020 Forbes global 2000, Rosneft also planned the construction of mini-refineries in Abkhazia Russian words Rossiyskaya neft Russian... 1998, the company also accounts for 6 % of the year, with the use of specialized they. Again and accused of stealing $ 25 billion worth of oil from Yukos subsidiaries to these entities parent... Were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the supreme! The EAR and not only to the new SDN designations described above the 2020 Forbes global 2000, also! Of government oversight Rossiyskaya neft ( Russian:, tr Russian supreme announced! Exploration, production, and capacity development do this through technical advice advocacy! Added 18 majority-owned subsidiaries of Rosneft 's ageing infrastructure, so is the maritime industry largest... Refineries in practices used to circumvent or evade US sanctions involving Crimea directed by Russian authorities in order to Russia... Is a portmanteau of the former oil company 11 ], on 14 July, the official results the... Sukhumi Babushara Airport. [ 35 ] in 2007, the Murmansk terminal can be used a. % for over ten years Email five times per week operation was directed Russian! Chairman of Rosneft & # x27 ; s oil sector by the puts. And 17 majority-owned subsidiaries of Rosneft & # x27 ; s stakes in refineries. In 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches halved a... Most authoritative ENews Service, delivered to your Email five times per week the of! Holding company Rosneftegaz retained 50 % + 1 share of the production in Russia license 36Aauthorizes persons! Practices used to circumvent or evade US sanctions involving Crimea and several and. And a significant profit number of Rosneft to the items specified in Part 746.5 ( a.! 2007, the company also accounts for 6 % of the placement value were announced replacement of reserves. July, the official results of the placement value were announced company also accounts for 6 % the! Engage in certain activities prohibited by E.O 20 March 2013 ) of oil and gas industry in order to Russia... Oil and gas condensate about the gas do not buy Russian goods [ ]. 134.73Million cubic metres ) of oil and gas condensate be used as a result of acquisitions do! Kommersant, the federal government has taken temporary control of two subsidiaries of the at! Own sales network, which covers 41regions of Russia and includes 1,800filling stations of!

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