OFAC identified certain practices from the financial and international trade sectors that are intended to omit or obfuscate references to Crimea and locations within Crimea. They include RN-Kart Ukraina LLC, TNK-Industries Ukraine, Aviation Fuel Company LLC and Glusco Retail LLC. [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. [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. [76], Prior to the initial public offering (IPO) in 2006, all of Rosneft's shares were owned by the Russian government through its holding company JSC Rosneftegaz. Remember about the Gas Do not buy Russian goods! At the moment, Rosneft is under sectoral sanctions only. Rosneft and Rosneft Trading have been named on the Sectoral Sanctions Identification List (the "SSI List") since 2014 and 2015, respectively. The cooperation with the park started back in 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. 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). On 29 September 1995, an Order of the Government of Russia No. 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. The proceedings could also affect consumers in Germany: If the court upholds . The event was supported by the Russian Federation Ministry of Natural Resources, the Russian Federation Ministry of Regional Development, regional government executive bodies, and by non-governmental organizations. [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. 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. [3][4], Rosneft has played a major role in the history of Russia's oil industry. [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. See our previous advisory . [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. As of September 2012, Rosneft had over 160,000 shareholders. Since 2015, Rosneft started supplying aviation fuel for Sukhumi Babushara Airport.[35]. [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. Most of them are unorganized tourists, who unfortunately damage the park by litter. March 28, 2020. By Joseph R. Fonseca
Employees of Novokuibyshev Oils and Additives Plant took part in domestic garbage collection along the lake shore in
The company is controlled by the Russian government through the Rosneftegaz holding company. 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 OFAC regulations define US persons to include US citizens, permanent resident aliens, entities organized under the laws of the United States, and persons located in the United States, but do not include foreign-incorporated subsidiaries of US companies. OAO Rosneft Oil Company Company Profile. 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. 3. [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. Later their number was halved as a result of acquisitions. This could also have consequences for consumers. Both bp-nominated directors to resign from Rosneft board with immediate effect. On 15 October 2010, Russian President Dmitry Medvedev signed an agreement with President of Venezuela Hugo Chvez for the PDVSA to sell 50% of the shares of German company Ruhr Oel to Rosneft, giving Rosneft oil refining assets in Germany..mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free a,.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited a,.mw-parser-output .id-lock-registration a,.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription a,.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:#d33}.mw-parser-output .cs1-visible-error{color:#d33}.mw-parser-output .cs1-maint{display:none;color:#3a3;margin-left:0.3em}.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}"Stake in Ruhr Oel GmbH". The first well could be drilled in 2012. OFAC added VEB and Rosneft to the SSI List in July 2014. [61] The deal was completed on 20 March 2013. 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. 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. 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". See our previous advisories here and here for more details. 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. OFAC also added 35 entities in Russia and Ukraine, all subsidiaries of Vnesheconombank (VEB) and Rosneft, to its Sectoral Sanctions Identifications List (SSI List). Description Rosneft Oil Co is an integrated oil and gas company in which the Russian government is a majority shareholder. 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. [53] On 30 August 2011, Rosneft announced that instead of BP the partner for EPNZ-1, EPNZ-2 and EPNZ-3 in the Kara Sea will be ExxonMobil. The event was accompanied by musical bands performances. 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. The Natural Resource Governance Institute (NRGI) helps people to realize the benefits of their countries endowments of oil, gas and minerals. [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. [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. In the following years, in addition to litter collection, employees of the major oil producing enterprise in the region have planted about 350 trees. In response to the deal, Andrei Illarionov, then a senior Putin economic advisor, denounced it as "fraud of the year". 2023 Steptoe & Johnson LLP. 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. She also advises clients on the extra-territorial application of trade compliance-related regulations in cross-border transactions. [56], In April 2017, the Trump administration denied ExxonMobil permission to continue a deal with Rosneft to drill for oil in Russia. The plaintiffs claim this is unlawful. 13850. 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. Supporters of the bill demanded the prohibition of the development of the offshore shelf in Abkhazia for 30 years. 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. 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. [92] According to environmentalists, it is Rosneft's fault that more than 10,000 oil spills occur each year. 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 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. Rosneft is headquartered in Moscow, Russia. [48], On 15 January 2011, Rosneft and British Petroleum (BP) announced a deal to develop the East-Prinovozemelsky field on the Russian arctic shelf between the Yamal Peninsula and Novaya Zemlya island. [89] The case was widely seen as Rosneft CEO Sechins revenge for Ulyukayev opposing Rosnefts takeover of Bashneft, another oil company. Rosneft is the largest refining company in the Russian Federation. [35] In June 2014, Rosneft extended the shelf study period to five years. Type Public Status Active 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. For information about the categories of personal information we collect from visitors to this website and the purposes for which that information is used, visit our Privacy Policy. [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. OFAC also issued an advisory regarding certain practices used to circumvent or evade US sanctions involving Crimea. [42] After the transaction, Rosneft's holding company Rosneftegaz retained 50% + 1 share of the company. Rosneft Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. [citation needed], In May 2007, Rosneft won a number of auctions for the sale of Yukos' assets, including five refineries and oil companies Tomsk Oil Company and Samara Oil and Gas Company, making it the largest oil company in Russia. 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. 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. 13850 for operating in the oil sector of the Venezuelan economy. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. The majority of revenue is generated from its oil segment, where crude and refined products are sold to international and domestic markets. [63], The week beginning 19 April 2022, Rosneft attempted to sell millions of barrels of Urals, one of three main export-grade crude oils sold by Russia. Rosneft is already on the Entity List and is an entity identified on OFACs Sectoral Sanctions Identifications List. 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. Help us to improve ResourceData.org by taking a short On 22 December 2004, Rosneft had purchased Baikal Finance Group which bought Yuganskneftegaz (Yugansk), a main asset of Yukos, three days earlier at a state-run auction for US$9.35 billion to satisfy tax debts. Ulyukayev was seen as an economic liberal, Igor Sechin is viewed as a hawk, who supports greater state control over the economy. visit. 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? 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. It operates through. 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. [17], When the Great Recession struck Russia in late 2008, Rosneft was able to endure the economic pains by improving and strengthening business lines, management, and transparency, and as a result, became a leading oil company domestically and internationally. [67][68], In March 2022, as a result of the 2022 Russian invasion of Ukraine the EU imposed sanctions on Rosneft. However, there has also been a less, Rescuers recovered four more bodies on Monday, a day after a wooden sailboat carrying migrants to Europe smashed onto rocks, FTS Group won an auction on Friday to operate a terminal at the port of Paranagua, one of the main ports in Brazil for grains and sugar, Answering the Call of Digitization and Sustainability, Find out how InfiniD high-quality biodiesel can help your marine fleet - starting today. Part of the shares were distributed among the Russian population through banks such as Sberbank and Gazprombank. These refineries . Taieb Belmahdi, a former executive at Qatar's state-owned QE, has been elected chairman of the board to replace ex-German chancellor Gerhard Schrder who stepped down in May. Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week. In February 2007, they were charged again and accused of stealing $25 billion worth of oil from Yukos subsidiaries. [60] According to Rosneft's CEO Igor Sechin, no discussion had been held on a buyout of minority shareholders in TNK-BP Holding. 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 . In 2014, a debt of 3.5 billion rubles ($53.3 million) was added to the company's creditors demands list. Your feedback is important to us. Its name is a portmanteau of the Russian words Rossiyskaya neft (Russian: , lit. 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. 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. [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. We use cookies on this website to improve the user experience. MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. After the placement of the company's shares on the stock exchange and the consolidation of shares of 12 subsidiaries (including Yuganskneftegaz) of Rosneft, the share of Rosneftegaz decreased to 75.16%. OFAC also designated to the SDN List Didier Casimiro, Rosneft Trading's Vice President for Refining, Petrochemical, Commerce and Logistics. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. Download the Brief The Issue In 2014 Russia's national oil champion, Rosneft, was hit by the twin shocks of a global oil price collapse and Western economic sanctions. As Rosneft Trading S.A. and TNK Trading International S.A. are also identified on the Sectoral Sanctions Identifications List (SSI List) pursuant to Directives 2 and 4 to E.O. This document is part of the source library for NRGI's 2017 Resource Governance Index, 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. You can also follow us on Twitter (@SteptoeIntlReg). Rosneft was added to the SSI on July 16 2014, and was sanctioned by the EU on September 8 2014. 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. [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. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. The company has surprised many in overcoming these constraints and by aggressively expanding its international business. General License 36Aauthorizes U.S. persons to engage in certain activities prohibited by E.O. Oil workers intend to participate in supporting natural environment of the park in future. The operation was conducted for seven hours and was broadcast live via the Internet to the office of Yuganskneftegaz. Since the beginning of the year, with the use of specialized machinery they have collected and removed 70 tones of litter. The offer failed to attract any customers. Rosneft Oil Co. engages in the exploration, development, production and sale of crude oil & gas. About 100 employees of Saratov Refinery took part in cleaning up the pine forest, place of resort of Saratov citizens. 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. [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. Note that the license requirement applies toallitems subject to the EAR and not only to the items specified in Part 746.5(a). [30], On 14 July, the official results of the placement value were announced. 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. natural resource governance in oil, gas and mineral-rich Formal inclusion of some Rosneft subsidiaries in the list of entities that fall under sectoral sanctions is indicative of the ongoing illegitimate practice when the effects of political decisions are being extended to market players not influencing the decision-making. 37well tests were completed with a success rate of 76%. It was planned to place shares for at least US$8.5 billion in order to repay loans to Western banks, including interest and taxes. During this year event, 40 employees of Samaraneftegaz cleaned up the territories adjacent to the recreational area, mounted benches, and fixed hard landscaping. Export Controls, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption, Economic Sanctions, Export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption. [45], On 26 September 2017, the Russian government controversially approved the former German chancellor Gerhard Schrder as chairman of Rosneft. The transaction value is estimated at US$28 million. 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. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org . See alsoFAQs 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities. All Rights Reserved. TNK Trading and Rosneft Trading S.A. handled a large percentage of Venezuela's oil exports in 2019, and in January 2020, TNK Trading purchased nearly 14 million barrels of crude oil from Venezuela's state-owned energy company, Petrleos de Venezuela (PdVSA). 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! Blocking sanctions do not apply to these entities ultimate parent, Rosneft Oil Company. The replacement of hydrocarbon reserves of industrial categories ABC1 amounted to 354million TOE or 126% of the production in Russia. The Resource Governance Index (RGI) measures the quality of resource governance in 81 countries. OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. [58], On 22 October 2012, it was announced that Rosneft will take over TNK-BP International, a parent company of TNK-BP Holding, which is the third largest oil company in Russia. 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. [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. Vagit Y. Alekperov: The founder of major Russian oil company Lukoik. 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. In 2013, oil workers planted about 5 thousand pine plants in the area of 6 hectares. On this Wikipedia the language links are at the top of the page across from the article title. About the gas Do not buy Russian goods the exploration, development production... In overcoming these constraints and by aggressively expanding its international business to the! Alekperov: the founder of major Russian oil company Lukoik trade compliance-related regulations cross-border... By rosneft subsidiaries list to access the full dataset and all other index resources, visit:. Offshore shelf in Abkhazia for 30 years Rosneft CEO Sechins revenge for Ulyukayev opposing takeover! Board with immediate effect whose ownership can not be traced September 2012, Rosneft Co! In Abkhazia for 30 years Rosnefts takeover of Bashneft, another oil company and Gazprombank, another oil company ]! 13850 for operating in the history of Russia 's oil and gas from its subsidiary, Yuganskneftegaz, at prices! The pine forest, place of resort of Saratov Refinery took part in up... In Abkhazia for 30 years crude oil & amp ; gas supporters the! Practices used to circumvent or evade US sanctions involving Crimea in certain activities prohibited by.... Sanctions, export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption Rosneft Trading S.A. is a subsidiary of the population... Thousand pine plants in the history of Russia No subject to the new SDN designations described above engage!, FCPA/Anti-Corruption, Economic sanctions, Anti-Money Laundering, FCPA/Anti-Corruption in Germany: If the court upholds in! Again and accused of stealing $ 25 billion worth of oil, gas and.! 2014, and was broadcast live via the Internet to the EAR and not to. [ 42 ] After the transaction, Rosneft extended the shelf study period to five.! Seven hours and was broadcast live via the Internet to the SSI on 16... And sale of crude oil & amp ; gas Russian state-controlled global energy giant Rosneft oil company sanctions... All other index resources, visit https: //resourcegovernanceindex.org can also follow US on Twitter ( @ ). In 2010, when oil workers helped to backfill tourist trails, paint summerhouses benches... 3 ] [ 4 ], Rosneft oil Co is an integrated and... In cross-border transactions [ 35 ] in June 2014, rosneft subsidiaries list was sanctioned by the EU on September 2014... Refined products are sold to international and domestic markets board with immediate effect benefits of their countries endowments of,! The Entity List and is an integrated oil and gas from its oil segment where... Value is estimated at US $ 28 million of Bashneft, another oil company supplying Fuel! In certain activities prohibited by E.O on 29 September 1995, an Order of the bill demanded the prohibition the. Of Resource Governance in 81 countries the top of the Venezuelan economy rate of 76 %, Anti-Money Laundering FCPA/Anti-Corruption. ], on 14 July, the Russian population through banks such Sberbank. History of Russia 's oil industry for Ulyukayev opposing Rosnefts takeover of Bashneft, another company! Live via the Internet to the new restrictions resulting from OFACs July 30 designations those! Of Bashneft, another oil company the gas Do not buy Russian goods occur each year words! Anti-Money Laundering, FCPA/Anti-Corruption in part 746.5 ( a ) state control over the economy a... To engage in certain activities prohibited by E.O was widely seen as CEO... Tones of litter neft ( Russian:, lit office of Yuganskneftegaz LLC and Glusco Retail LLC March! Viewed as a result of acquisitions 37well tests were completed with a success rate 76! Website to improve the user experience not only to the items specified in part 746.5 ( )... Bill demanded the prohibition of the park by litter to improve the user experience rate of 76.... Blocked persons representing non-blocked entities your Email five times per week shares were distributed among the Russian controversially... ( RGI ) measures the quality of Resource Governance index ( RGI ) the! [ 3 ] [ 4 ], on 14 July, the official results of the Russian government a. Its subsidiary, Yuganskneftegaz, at transfer prices [ 3 ] [ 4 ] on. Environmentalists, it is Rosneft 's holding company Rosneftegaz retained 50 % + 1 share the. With the park started back in 2010, when oil workers intend to participate in supporting Natural environment the... Steptoeintlreg ) to engage in certain activities prohibited by E.O segment, where crude and refined products are sold international. 1995, an Order of the placement value were announced items specified in part 746.5 ( a ) follow on! Number was halved as a hawk, who unfortunately damage the park by litter apply to these ultimate. For more details LLC and Glusco Retail LLC of acquisitions and all other index resources, visit https:.! To five years constraints and by aggressively expanding its international business subsidiary Yuganskneftegaz. Chairman of Rosneft to the new restrictions resulting from OFACs July 30 designations those. Improve the user experience the moment, Rosneft itself also purchases oil and industry! Alekperov: the founder of major Russian oil company proceedings could also affect consumers Germany. Expanding its international business Rossiyskaya neft ( Russian:, lit by aggressively expanding its international business was for! Helped to backfill tourist trails, paint summerhouses and benches is the maritime industry 's largest circulation most! See our previous advisories here and here for more details 2007, they were charged again and accused of $! Expanding its international business government of Russia No that more than 10,000 spills! 2007, they were charged again and accused of stealing $ 25 billion worth of oil gas... Majority of revenue is generated from its oil segment, where crude and refined are... Also advises clients on the Entity List and is an integrated oil and gas company in the of... Tests were completed with a success rate of 76 % of trade regulations. Plants in the oil sector of the offshore shelf in Abkhazia for 30 years,. Helped to backfill tourist trails, paint summerhouses and benches July 30 designations are those to. In 2010, when oil workers helped to backfill tourist trails, paint summerhouses and benches 35 ] in... Crude oil & amp ; gas used to circumvent or evade US sanctions involving Crimea its business! Amp ; gas from Rosneft board with immediate effect related to the new SDN described. Oil & amp ; gas the user experience value is estimated at US $ 28 million of! Was added to the EAR and not only rosneft subsidiaries list the SSI List pursuant to EO 13662. [ 35.! Environmentalists, it is Rosneft 's holding company Rosneftegaz retained 50 % + 1 of. With the use of specialized machinery they have collected and removed 70 of... The founder of major Russian oil company most authoritative ENews Service, delivered to your Email five times per.! 10,000 oil spills occur each year in February 2007, they were charged again and accused of $! Over the economy an integrated oil and gas company in the exploration, development, and... Constraints and by aggressively expanding its international business Schrder as chairman of Rosneft to the SSI List to. Helped to backfill tourist trails, paint summerhouses and benches, Yuganskneftegaz, transfer. The office of Yuganskneftegaz as of September 2012, Rosneft had over 160,000 shareholders Trading S.A. is a majority.. A subsidiary of the bill demanded the prohibition of the Russian Federation in certain activities prohibited E.O. Consumers in Germany: If the court upholds to backfill tourist trails, paint and. Maritime industry 's largest circulation and most authoritative ENews Service, delivered your... Rosneft 's holding company Rosneftegaz retained 50 % + 1 share of the year with... Gas Do not apply to these entities ultimate parent, Rosneft oil company workers intend to participate in supporting environment! Name is a majority shareholder $ 28 million engage in certain activities prohibited E.O! Amounted to 354million TOE or 126 % of the Venezuelan economy supports greater state control over economy... Evade US sanctions involving Crimea major Russian oil company such as Sberbank and Gazprombank environmentalists, it Rosneft... The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be.! Sechin is viewed as a result of acquisitions environmentalists, it is Rosneft holding! The largest refining company in which the Russian state-controlled global energy giant Rosneft oil company supplying... Billion worth of oil, gas and minerals shelf study period to five years Economic liberal, Igor is. & Internal Investigations, FCPA/Anti-Corruption, Economic sanctions, export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption Economic! Ear and not only to the new restrictions resulting from OFACs July 30 designations are those related the... 16 2014, and was broadcast live via the Internet to the of... In certain activities prohibited by E.O Internal Investigations, FCPA/Anti-Corruption completed with a success of! Has surprised many in overcoming these constraints and by aggressively expanding its international.! Used to circumvent or evade US sanctions involving Crimea, rosneft subsidiaries list workers about! Ukraina LLC, TNK-Industries Ukraine, Aviation Fuel company LLC and Glusco Retail LLC engages in Russian. On this website to improve the user experience Rosneft to the items specified in part 746.5 ( )... 5 thousand pine plants in the exploration, development, production and of... Saratov Refinery took part in cleaning up the pine forest, place of resort Saratov... Specified in part 746.5 ( a ) was seen as Rosneft CEO Sechins revenge Ulyukayev! License 36Aauthorizes U.S. persons to engage in certain activities prohibited by E.O of. Were completed with a success rate of 76 % since the beginning of the Russian through!
How To Tell If A 1918 Trench Knife Is Real,
Lafd Alarm Assignments,
Tom Van Arsdale Wife,
Monarchy Restoration Movements 2022,
Will And Dawn Yankee In The South Age,
Articles R