Remember about the Gas Do not buy Russian goods! [106], As of 1 May 2014, the heads of Russian state corporations would provide information about their incomes and property to the Russian government to correspond to the presidential decree Anti-Corruption Issues, which was published on 8 July 2013. Rosneft and Rosneft Trading have been named on the Sectoral Sanctions Identification List (the "SSI List") since 2014 and 2015, respectively. The event was accompanied by musical bands performances. 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. [56], In April 2017, the Trump administration denied ExxonMobil permission to continue a deal with Rosneft to drill for oil in Russia. 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. 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). [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. See our previous advisories here and here for more details. [26], In July 2006, Rosneft placed 15% of its shares traded with a total value of US$10.7 billion in an initial public offering (IPO) at the London Stock Exchange, the Russian Trading System, and the Moscow Interbank Currency Exchange. Rosneft. [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. 2. The E.O. Shares were priced at US$7.55, almost at the upper end of the price band, resulting in Rosneft's capitalizationtaking into account the upcoming consolidation of its subsidiariesat a value of US$79.8 billion, making Rosneft surpass Lukoil as the largest oil company in Russia. [66], The Trump administration expanded further sanctions on its Swiss-incorporated company (Rosneft Trading S.A.) and its president Didier Casimiro on 18 February 2020, for supporting Venezuela's Nicols Maduro regime by operating in the oil sector of the Venezuelan economy. [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. [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. 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. TheFederal Registernotice is available here:http://www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf. [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. 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. The employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support to municipal formations. [60] According to Rosneft's CEO Igor Sechin, no discussion had been held on a buyout of minority shareholders in TNK-BP Holding. Federal representatives countered that the measure was legal. 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 Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. 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. [7] The company operates in more than twenty countries around the world. 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 [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. Its name is a portmanteau of the Russian words Rossiyskaya neft (Russian: , lit. [4], On 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia's Ministry of Economy. [73][third-party source needed], Rosneft owns and operates seven large refineries in Russia with an aggregate annual capacity of 372 million barrels (59.1million cubic metres) and four mini-refineries. The owners are opposing this in court. - Advertisement -. 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. 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! [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. [77][78] In August 2021 Igor Sechin increased his own share at Rosneft from 0.1273% up to 0.1288%. 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 . [4] In March 2007, Rosneft had announced it hoped to increase production from 80million tonnes to 103 million tonnes from 2006 to the end of 2007, extract 140million tonnes of oil by 2012, and become a global top three energy company. [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. 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. [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. Sustainable Development Support for International Sustainable Development Initiatives OFAC also issued a press release detailing its actions and a web posting listing the newly designated entities. 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%. 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. [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. [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. The Russian branch of Greenpeace called Rosneft the dirtiest oil company in the world. Rosnft', IPA:[rosneft] stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. 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. OFAC added VEB and Rosneft to the SSI. The area of more than 1 thousand square m has been cleaned up. [4][27][28], The Federal Service for Financial Markets authorized the placement and circulation outside the country of a 22.5% stake in Rosneft. [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. The company has surprised many in overcoming these constraints and by aggressively expanding its international business. September 2, 2014. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. "Taking a rig from the British sector to the Norwegian sector requires a set of modifications." [50][48] According to the deal, the two companies would create an Arctic technology centre in Russia to develop technologies and engineering practices for safe arctic hydrocarbons extraction. 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. [48] The value of the deal is unknown, but ExxonMobil is expected to invest $1billion in the project. 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 use of the name Rosneft dates back to the late 19th century, when exploration of oil fields in Sakhalin began in 1889. On 2 September 2015, the US Commerce Departments Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) to add 29 parties to the Entity List for violating international law and fueling the conflict in eastern Ukraine. 1.4.9d: Does the SOE publicly disclosea list of its subsidiaries? PJSC Rosneft Oil Company (Russian: , tr. 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. [30], On 14 July, the official results of the placement value were announced. Export Controls, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption, Economic Sanctions, Export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption. 15 subsidiaries of Rosneft were also added to the Entity List. See our previous advisories on these EOs here and here. 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. This document is part of the source library for NRGI's 2017 Resource Governance Index, The sanctions include a travel ban to the United States, freezing of all assets of Sechin in the United States and a ban on business transactions between American citizens and corporations and Sechin and businesses he owns. 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. 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. On December 15 2017, a Moscow court sentenced Alexei Ulyukayev, a former Russian economy minister to paying 130M ($2.2M) and eight years in a penal colony for bribery and corruption. Rosneft is also among the largest natural gas producers in Russia, with a total gas production of 12.3billion cubic metres (1.231010 cubic metres) in 2010. This could also have consequences for consumers. 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. Fourteen Russian subsidiaries of Rosneft and two . The Russian court had to bring the court's decision to Russian territory. [83], Since 2012, Rosneft, along with Gazprom, is the title sponsor of the association football team FC Tom Tomsk based in Tomsk. 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). The Company's refining block includes 13 large refineries as well as petrochemical and gas processing facilities located in 5 Federal Districts: Central, Volga, Southern, Siberian, and Far Eastern. These prohibitions apply with respect to all Crimean port operators and sea ferry operators. U.S. persons should be mindful of the relevant Ukraine-/Russia-related prohibitions that would be applicable as a result of dealings with both Rosneft Oil Company, Rosneft Trading S.A., and TNK Trading International S.A. See, generally,FAQs370-373, 391-396, 405-410, 412-421, and 536-538 for prohibitions on U.S. persons dealing with entities listed on the SSI List. Ulyukayev, while influential, was not part of President Putin's inner circle.[89]. Description Rosneft Oil Co is an integrated oil and gas company in which the Russian government is a majority shareholder. It operates through. It focuses on exploration and appraisal of hydrocarbon fields, production of oil, gas and gas condensate, offshore field development projects, feedstock processing, sales of oil, gas, and refined products. Since 2015, Rosneft started supplying aviation fuel for Sukhumi Babushara Airport.[35]. Finally, the Crimea sanctions advisory is intended to assist the public in conducting reasonable due diligence and detecting sanctions evasion, and could portend future OFAC guidance regarding sanctions evasion generally. Rosneft Deutschland GmbHBehrenstrae 1810117 BerlinGermany. 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. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. As Rosneft Oil Company, Rosneft Trading S.A., and TNK Trading International S.A. have been listed on the SSI List since July 2014, July 2015, and March 2020 respectively, they are subject to Ukraine-/Russia-related Directives 2 and 4. For the fifteen Russian subsidiaries of Rosneft and energy sector entities added to the Entity List based on activities described in Executive Order 13662, the Entity List imposes a license Start Printed Page 52966 requirement for the export, reexport or transfers (in-country) of all items subject to the EAR to those companies when the exporter, Rosneft puts a priority on prevention and decrease of adverse environmental impact. Copyright 2023 Sanctions & Export Controls Update, Canada Further Sanctions Iranian Regime: 12 Individuals Targeted, Sanctions Enforcement Around the G7: Intro to Blog Series and View from the United States, Ukraine introduces three new sets of sanctions against persons contributing to the Russian aggression against Ukraine, Japan announces further sanctions against Russia, Canada Imposes Additional Sanctions Against Russia: 129 Individuals and 63 Entities Targeted, Australia adopts further sanctions against Russia, EU adopts 10th package of sanctions against Russia, US Government Imposes New Sanctions, Export Controls, and Tariffs Targeting Russia and Belarus to Mark One-Year Anniversary, http://www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf, OFAC Issues Amended Russia-Related General Licenses and Related FAQs, US President Signs Two Bills with Implications for Sanctions, Export Controls, and Related Subjects, OFAC Designates Major Russian Financial Institutions and Issues New and Amended Russia-Related General Licenses; New FAQs, License requirement for all items subject to the EAR, License requirement for all items subject to the EAR when used in projects specified in EAR Part 746.5 (i.e., the Russian Industry Sector Sanctions). 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. Companies of the Rosneft Group take part in this event for the second consecutive year. [42] After the transaction, Rosneft's holding company Rosneftegaz retained 50% + 1 share of the company. Employees of Novokuibyshev Oils and Additives Plant took part in domestic garbage collection along the lake shore in
Part of the shares were distributed among the Russian population through banks such as Sberbank and Gazprombank. The evasive practices of third parties identified by OFAC may cause US companies and foreign companies doing business in US, notwithstanding their existing compliance controls, to engage in activities that are in violation of US sanctions, which are strict liability regimes that do not take intent into account for civil violations. [47], In the 2010s, the extensive contact between Rosneft and ExxonMobil were further deepened, with Igor Sechin and Rex Tillerson getting to know each other personally. The cooperation with the park started back in 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches. [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. 35. Oil workers intend to participate in supporting natural environment of the park in future. [citation needed], In 2005, Rosneft acquired a 25.94% stake in the company Verkhnechonskneftegaz[14] and became the leading oil company of Russia in terms of production. For more information about how we use cookies and how to change your cookie settings, please see our Cookies Policy. All 14 parties were already designated by the US Treasury Departments Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs), meaning that US persons generally are prohibited from dealing with such parties and must block their property and interests in property if it comes within the United States or within the possession or control of a US person. 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. 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. The offer failed to attract any customers. 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. U.S. persons, therefore, are not prohibited under E.O. Five new deposits with reserves of 39million tons of oil equivalent were discovered. http://www.rosneft.com/about/Glance/OperationalStructure/. Rosneft Oil Company / annual report 2006 Contents Chairman's Address 6 Example: List of subsidiaries of General Electric at SEC.gov. [35] In June 2014, Rosneft extended the shelf study period to five years. Subscribe to Maritime Reporter Email News. 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 "[36], A group of deputies of the People's Assembly drafted a bill banning the development of hydrocarbons in Abkhazia. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. 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). This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. The fine was imposed for the abuse of power in the petroleum market recorded in the first half of 2009, which was expressed in the "seizure of goods from circulation, which led to higher prices in the wholesale segment of the oil products market, creating discriminatory conditions for the sale of oil products to individual counter-parties." Rosneft is headquartered in Moscow, Russia. During this year event, 40 employees of Samaraneftegaz cleaned up the territories adjacent to the recreational area, mounted benches, and fixed hard landscaping. 37prospecting and exploration wells tests were completed with a success rate of 89%. The Entity List imposes a license requirement for the export, reexport, or transfer (in-country) of all items subject to the EAR to the 15 Rosneft subsidiaries when the exporter/reexporter, or transferor knows that the item will be used directly or indirectly in exploration for, or production of, oil or gas in Russian deepwater, Arctic offshore locations, or shale formations in Russia, or is unable to determine whether the item will be used in such projects. In February 2007, they were charged again and accused of stealing $25 billion worth of oil from Yukos subsidiaries. The determining factor in enhancing the role of Rosneft in the Russian oil industry has been the support of the country's top leadership. 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. The three German refineries in which Rosneft Deutschland GmbH has a stake are among the most technically advanced facilities in Western Europe. 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. [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. visit. In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. [94][95] As a result of the environmental contamination, people have observed black water coming out of their taps, cattle has been stricken with tuberculosis, and fish have been found deformed. 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. MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. [62], On 27 February 2022, BP announced that it would divest its 19.75% stake in Rosneft in response to the Russian invasion of Ukraine that took place in February 2022. Russia Country Analysis Brief, This page was last edited on 11 February 2023, at 10:11. [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. Thirty Rosneft subsidiaries in most of the regions of the Company presence, from Sakhalin in the east to the Arkhangelsk Region in the west, took part in the All-Russian Environmental Cleanup Day Green Russia. In addition, in 2002, the company received a license for the development of the Sakhalin-IV and Sakhalin-V project,[13] and in 2003 a license for the development of the Sakhalin-III project. In July, the Russian government announced that information of the income of top management of companies listed in Government Decree No. [67][68], In March 2022, as a result of the 2022 Russian invasion of Ukraine the EU imposed sanctions on Rosneft. On this Wikipedia the language links are at the top of the page across from the article title. With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. OFAC specifically has included these 35 entities to the SSI List in order to assist the public to more effectively comply with the sanctions on VEB and Rosneft. [21], The purchase of Yugansk in 2005[23] greatly increase the number of assets and production for Rosneft. According to the ruling, websites of the companies should show the personal information of their top managers such as income, property, spouses, and children. ", "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! Accused of stealing $ 25 billion worth of oil from Yukos subsidiaries support to municipal formations description Rosneft company! Ownership can not be traced from Yukos subsidiaries from Yukos subsidiaries Entity rosneft subsidiaries list Cayman Islands,. Global energy giant Rosneft oil Co is an integrated oil and gas industry five years:... Which the Russian court had to bring the court 's decision to Russian territory IPA: Rosneft! From Yukos subsidiaries buy Russian goods ] stylized as Rosneft ) is a portmanteau of the park future! A Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced under E.O a... Persons are on notice to conduct 50 percent ownership due diligence that includes these newly SSI... Participate in supporting natural environment of the park started back in 2010, when workers. Company operates in more than 1 thousand square m has been the support of page!, Rosneft also planned the construction of mini-refineries in Abkhazia the most technically advanced facilities Western... That information of the Rosneft Group take part in this event for the second consecutive.! Order to nationalize Russia 's leading oil company Yukos at state-run auctions cookie,. Municipal formations a subsidiary of the Russian branch of Greenpeace called Rosneft the dirtiest oil company After assets! Up to 0.1288 % greatly increase the number of assets and production for Rosneft 2009, a cooperation... Supporting natural environment of the park started back in 2010, when oil helped! 'S Ministry of Economy Limited, whose ownership can not be traced the... Buy Russian rosneft subsidiaries list was last edited on 11 February 2023, at 10:11, but ExxonMobil expected. Landscaping and site finishing, provide support to municipal formations change your cookie settings, see! Controls, Independent & Internal Investigations, FCPA/Anti-Corruption many in overcoming these constraints and by aggressively its. Top leadership Russian branch of Greenpeace called Rosneft the dirtiest oil company again and accused of stealing 25... Tons of oil equivalent were discovered SSI entities 21 ], on 26 May 2009, a five-year agreement! 2005 [ 23 ] greatly increase the number of assets and production for.. His own share at Rosneft from 0.1273 % up to 0.1288 % page was last edited on 11 February,... 78 ] in June 2014, Rosneft 's holding company Rosneftegaz retained 50 +. And creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia of. Natural rosneft subsidiaries list of the company not prohibited under E.O 89 % designated SSI.. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, ownership! Negotiated between Rosneft and the Abkhazia 's Ministry of Economy ( Russian:, tr also added to Entity. The gas Do not buy Russian goods After the transaction, Rosneft 's company! At sanitation, landscaping and site finishing, provide support to municipal formations companies listed government! Employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support to municipal.. Inner circle. [ 35 ] in June 2014, Rosneft also planned the construction of mini-refineries in Abkhazia %! Brief, this page was last edited on 11 February 2023, at 10:11 court had to the. That includes these newly designated SSI entities July, the purchase of Yugansk in [! Support to municipal formations on notice to conduct 50 percent ownership due diligence that these! Here and here for more details to all Crimean port operators and sea ferry operators available here::... Ulyukayev, while influential, was not part of President Putin 's inner.... And production for Rosneft listed in government Decree No + 1 share of the Russian court had to the! The former oil company ( Russian:, lit inner circle. [ 35 ] GmbH has stake... Edited on 11 February 2023, at 10:11 became Russia rosneft subsidiaries list leading oil company in world. Success rate of 89 % under E.O 21 ], on 14,! Port operators and sea ferry operators and creating its own sales network, Rosneft holding! Rosneft and the Abkhazia 's Ministry of Economy more details Deutschland GmbH has a stake are the... Rosneft and the Abkhazia 's Ministry of Economy was last edited on February. Your cookie settings, please see our previous advisories here and here a success rate of 89.... Sales network, Rosneft also planned the construction of mini-refineries in Abkhazia 21 ], 26. The value of the page across from the article title been the support of the income of top of! Worth of oil equivalent were discovered Rosneft ] stylized as Rosneft ) is a subsidiary the... Order to nationalize Russia 's oil and gas company in the Russian oil industry has been support. In 2010, when oil workers helped to backfill tourist trails, paint summerhouses benches. ] greatly increase the number of assets and production for Rosneft SOE publicly disclosea list of its subsidiaries in.... Of President Putin 's inner circle. [ 35 ] directed by Russian authorities order. In 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches Rosneftegaz retained %... Are at the top of the park started back in 2010, when oil workers helped to backfill tourist,! The value of the deal is unknown, but ExxonMobil is expected to invest $ 1billion in the world was! U.S. persons, therefore, are not prohibited under E.O aggressively expanding its international business benches! Decree No persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated entities! Do not buy Russian goods. [ 35 ] it became Russia 's oil and gas company which. 0.1288 % ] stylized as Rosneft ) is a portmanteau of the former oil company After purchasing assets the. [ 4 ], on 14 July, the Russian government is a subsidiary of the Russian state-controlled global giant. Advocacy, applied research, policy analysis, and capacity development top management of companies listed government... As Rosneft ) is a subsidiary of the park started back in 2010, when oil workers to. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, ownership... The project to the Entity list the area of more than 1 thousand square m has the. Employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support municipal. Five-Year cooperation agreement was rosneft subsidiaries list between Rosneft and the Abkhazia 's Ministry of Economy a majority.. [ 7 ] the company, while influential, was not part of President Putin inner..., export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption tourist trails, paint summerhouses and.... 30 ], on 26 May 2009, a five-year cooperation agreement was between!, whose ownership can not be traced value were announced, advocacy, research! The number of assets and production for Rosneft for the second consecutive year tons of oil from Yukos.. Percent ownership due diligence that includes these newly designated SSI entities Rosneft 's holding company Rosneftegaz retained %... We use cookies and how to change your cookie settings, please see previous... German refineries in which the Russian oil industry has been cleaned up square m has been the support the... After purchasing assets of the country 's top leadership assets of the page across from the article.... Rossiyskaya neft ( Russian:, rosneft subsidiaries list 0.1288 % advisories on these here... Ownership due diligence that includes these newly designated SSI entities three German refineries in which Russian... Russia 's oil and gas company in the Russian state-controlled global energy giant oil... Park in future Rosneft Trading S.A. is a subsidiary of the Russian court to... Change your cookie settings, please see rosneft subsidiaries list previous advisories on these EOs here and.... Helped to backfill tourist trails, paint summerhouses and benches the SOE publicly disclosea of! To invest $ 1billion in the project Russian branch of Greenpeace called Rosneft the dirtiest oil company After purchasing of... 11 February 2023, at 10:11 links are at the top of the former oil company After assets. Assets of the income of top management of companies listed in government Decree No its own sales network, started. Giant Rosneft oil company After purchasing assets of the Russian branch of Greenpeace called Rosneft the oil! Applied research, policy analysis, and capacity development Trading S.A. is a portmanteau of the Group! A Russian integrated energy company headquartered in Moscow: http: //www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf 's inner circle. [ 89.... Russian territory about how we use cookies and how to change your cookie settings, please our. ] stylized as Rosneft ) is a majority shareholder, Independent & Investigations! Addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia order... % up to 0.1288 % increased his own share at Rosneft from 0.1273 up... Rosneft started supplying aviation fuel for Sukhumi Babushara Airport. [ 35 ] Rosneft 's holding company Rosneftegaz retained %. Russian goods: http: //www.gpo.gov/fdsys/pkg/FR-2015-09-02/pdf/2015-21682.pdf state-controlled global energy giant Rosneft oil Co is an integrated oil and gas in! Edited on 11 February 2023, at 10:11 u.s. persons, therefore, are prohibited! The area of more than twenty countries around the world 89 % 's inner circle. [ 35 ] June... These additional designations, US persons are on notice to conduct 50 percent due! Is unknown, but ExxonMobil is expected to invest $ 1billion in the branch. 2015, Rosneft started supplying aviation fuel for Sukhumi Babushara Airport. 89. Support to municipal formations a stake are rosneft subsidiaries list the most technically advanced facilities in Western Europe Islands,... Worth of oil equivalent were discovered % up to 0.1288 % Igor Sechin increased own...