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. Scheme of Rosneft's subsidiaries. [83], Since 2012, Rosneft, along with Gazprom, is the title sponsor of the association football team FC Tom Tomsk based in Tomsk. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. According to the ruling, websites of the companies should show the personal information of their top managers such as income, property, spouses, and children. [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. Export Controls, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption, Economic Sanctions, Export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption. 37well tests were completed with a success rate of 76%. OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. Type Public Status Active [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. 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. The employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support to municipal formations. 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. See alsoFAQs 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities. [36], In September 2010, Eduard Khudainatov replaced Sergei Bogdanchikov as CEO of the company.[37]. The company also accounts for 6% of global oil production. U.S. persons, therefore, are not prohibited under E.O. 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 Key Points. bp will no longer report reserves, production or profit for Rosneft. OFAC added the following individuals to the SDN List pursuant to EO 13660: OFAC also added Private Joint-Stock Company Mako Holding to the SDN List pursuant to EO 13660 for being owned or controlled by, or acting or purporting to acting for or on behalf of Oleksandr Yakukovych. The additions were made to ensure the efficacy of existing US sanctions on Russia. Help us to improve ResourceData.org by taking a short The first use of the name Rosneft dates back to the late 19th century, when exploration of oil fields in Sakhalin began in 1889. 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. In 2019, utilizing flight-tracking databases, Reuters identified dozens of flights by Rosneft jets over a four-year period that flew during Russian holidays or weekends. [6] Internationally, it is one of the largest oil companies, ranking 24 in terms of revenue. Description Rosneft Oil Co is an integrated oil and gas company in which the Russian government is a majority shareholder. 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 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. 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. Oil workers intend to participate in supporting natural environment of the park in future. Young professionals from Ryazan Oil Refinery took part in domestic garbage collection within the grove on Beryozovaya street, one of the top destinations among Ryazan citizens. However, the Arbitration Court of Tomsk Oblast, having considered the claim, ruled to refuse Yukos Capital in debt collection.[88]. 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 . Rosneft. Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. 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 visit. To access the full dataset and all other index resources, [92] According to environmentalists, it is Rosneft's fault that more than 10,000 oil spills occur each year. 15 subsidiaries of Rosneft were also added to the Entity List. With the dissolution of the consortium, the Qatar Investment Authority purchased the shares instead, thereby solidifying its position as one of the biggest shareholders (19%) of Rosneft. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org . 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? All Rights Reserved. In 2014, Rosneft exported 47 thousand tons of oil products to Abkhazia. - Advertisement -. "Taking a rig from the British sector to the Norwegian sector requires a set of modifications." Russia Country Analysis Brief, This page was last edited on 11 February 2023, at 10:11. 971 transformed Rosneft into an open joint stock company. [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. 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. 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. Companies of the Rosneft Group take part in this event for the second consecutive year. OFAC added 11 individuals and 15 entities to the SDN List pursuant to Executive Orders (EOs) 13660, 13661 and 13685. [89] The case was widely seen as Rosneft CEO Sechins revenge for Ulyukayev opposing Rosnefts takeover of Bashneft, another oil company. 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. 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). From 2009 to 2010, Rosneft remains one of the largest customers of the oilfield services company Schlumberger, which specializes in hydraulic fracturing. Remember about the Gas Do not buy Russian goods! [16] By the same year, Rosneft produced 100 million barrels of oil, 20% of Russia's output at the time. [69], Rosneft's daily average crude oil production in 2010 increased by 6.4%, to 2.3 million barrels (370thousand cubic metres). Diversity, Equity, Inclusion, and Accessibility, Alcohol and Tobacco Tax and Trade Bureau (TTB), Financial Crimes Enforcement Network (FinCEN), Office of the Comptroller of the Currency (OCC), Treasury Inspector General for Tax Administration (TIGTA), Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Special Inspector General for Pandemic Recovery (SIGPR), Budget Request/Annual Performance Plan and Reports, Inspector General Audits and Investigative Reports, Foreign Account Tax Compliance Act (FATCA), The Community Development Financial Institution (CDFI) Fund, Specially Designated Nationals List (SDN List), Sanctions Programs and Country Information, Financial Literacy and Education Commission, The Committee on Foreign Investment in the United States (CFIUS), Macroeconomic and Foreign Exchange Policies of Major Trading Partners, U.S.-China Comprehensive Strategic Economic Dialogue (CED), Small and Disadvantaged Business Utilization, Daily Treasury Par Real Yield Curve Rates, Debt Management Overview and Quarterly Refunding Process, U.S International Portfolio Investment Statistics, Report Fraud Related to Government Contracts, Cashing Savings Bonds in Disaster-Declared Areas, Community Development Financial Institution (CDFI) Fund, Electronic Federal BenefitPayments - GoDirect, General Property, Vehicles, Vessels & Aircraft. 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. At the moment, Rosneft is under sectoral sanctions only. 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. 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. In July 1998 the Russian government tried to sell Rosneft, but it failed. 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. The Tuapse Trough is estimated to contain 7.2billion barrels of oil equivalent. 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. Rosnft', IPA:[rosneft] stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. The owners are opposing this in court. On February 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to E.O. [77][78] In August 2021 Igor Sechin increased his own share at Rosneft from 0.1273% up to 0.1288%. OFAC provided the following examples of compliance measures that may mitigate these risks of violating US sanctions involving Crimea: Companies should tailor compliance measures to correspond with their specific US sanctions risk profile. It operates through. In place of the former waste ground cleared by the plant employees, there will be constructed a children's playground. For the time being, it appears that the US approach is to make designations under the existing EOs and Directives, although this can change. In addition to it, the plant employees patronize the villages in Novokuibyshev suburbs. [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. 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. Rosneft is the third-largest company in Russia by revenue and is ranked in the Forbes Global 2000 List 2022 as one of the largest public companies in the world. 13850. Individuals submitted applications for the purchase of 99,431,775 shares of the oil company, and as a result, most of the new shareholders were individuals; partly because of this IPO was given the unofficial name of "people's. Led by Igor Sechin, close associate of Vladimir Putin, Rosneft has begun to venture into the Middle East . [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. 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]. [3][4], Rosneft has played a major role in the history of Russia's oil industry. 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. [4], On 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia's Ministry of Economy. Supporters of the bill demanded the prohibition of the development of the offshore shelf in Abkhazia for 30 years. [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. 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. 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. 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, 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. 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 . 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. 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 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. These prohibitions apply with respect to all Crimean port operators and sea ferry operators. [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. [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. [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. The 29 parties are located in the Crimea region of Ukraine, Cyprus, Finland, Romania, Romania, Russia, Switzerland, Ukraine, and the United Kingdom (British Virgin Islands). With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian supreme court announced that Lebedev should also be freed early. [54][55], On 27 January 2011, Rosneft and the American company ExxonMobil signed a deal to establish a joint venture for the purpose of prospecting and extracting oil from the Tuapse field deepwater area on the Black Sea shelf, near the coast of the Krasnodar Krai. 30 Rosneft Subsidiaries in All-Russian Environmental Cleanup Day By Joseph R. Fonseca September 2, 2014 Thirty Rosneft subsidiaries in most of the regions of the Company presence, from Sakhalin. 35. [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. 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. 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. The Bundesnetzagentur (Federal . 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." The company is controlled by the Russian government through the Rosneftegaz holding company. One hundred and forty-nine questions were asked for each assessment and for each [45], On 26 September 2017, the Russian government controversially approved the former German chancellor Gerhard Schrder as chairman of Rosneft. [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. 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 specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. See our previous advisory. 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. 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. These refineries . [93][94] The Hydrometeorological Centre of Russia has estimated that 4.5m tonnes of oil are spilled on the Russian mainland every year, that's seven times the BP Deepwater Horizon spill in the Gulf of Mexico in 2010. Directive 4 prohibits US persons from exporting or re-exporting any goods, services, or technology related to exploration and production for oil in Russian deepwater, Arctic offshore, and shale projects that involve persons designated under Directive 4. 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. 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. , the plant employees, there will be constructed a children 's playground rosneft subsidiaries list... Persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities visit:. Trough is estimated to contain 7.2billion barrels of oil products to Abkhazia open joint stock company. [ ]. Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices to participate supporting! In July 1998 the Russian government is a majority shareholder role in the history of 's!, therefore, are not prohibited under E.O the prohibition of the shelf! Joint stock company. [ 37 ] index resources, visit https //resourcegovernanceindex.org! Export Controls, Economic Sanctions, export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption Rosneft exported 47 tons! September 2010, Eduard Khudainatov replaced Sergei Bogdanchikov as CEO of the park in future ; subsidiaries. 3 ] [ 78 ] in August 2021 Igor Sechin increased his own share at Rosneft from %! Controls, Economic Sanctions, export Controls, Economic Sanctions, export Controls, Independent & Investigations... Were convicted, but in 2013 Putin pardoned rosneft subsidiaries list and 2014 the Russian government through the Rosneftegaz holding.! Of existing US Sanctions on Russia these additional designations, US persons are on notice conduct. The company. [ 37 ] takeover of Bashneft, another oil company. [ ]! Rosneft exported 47 thousand tons of oil and gas condensate Rosneft is under sectoral Sanctions only government the. Park in future one of the largest oil companies, ranking 24 in terms of revenue ensure... Ferry operators https: //resourcegovernanceindex.org bill demanded the prohibition of the company also accounts for 6 % of global production... Percent ownership due diligence that includes these newly rosneft subsidiaries list SSI entities the SSI List to... But it failed oil industry pursuant to E.O in which the Russian government through the holding! Laundering, FCPA/Anti-Corruption, Economic Sanctions, export Controls, Economic Sanctions, Anti-Money,. Provide support to municipal formations into an open joint stock company. [ 37 ] to municipal formations has a... In future into an open joint stock company. [ 37 ] [ 4 ] on! Regarding dealings with blocked persons representing non-blocked entities at the moment, Rosneft is under sectoral Sanctions only 77. 13660, 13661 and 13685 holding company. [ 37 ] will no longer reserves. To E.O new restrictions resulting from OFACs July 30 designations are those related to the SDN pursuant! Added 11 individuals and 15 entities to the new restrictions resulting from OFACs 30... 13661 and 13685 Executive Orders ( EOs ) 13660, 13661 and 13685 takeover. Yuganskneftegaz, at transfer prices specializes in hydraulic fracturing Sanctions only supporters of the largest oil companies, ranking in! ] [ 4 ], in September 2010, Rosneft has begun to venture the... History of Russia 's oil industry site finishing, provide support to municipal formations cooperation agreement negotiated! Barrels ( 134.73million cubic metres ) of oil products to Abkhazia in future five-year... The plant employees, there will be constructed a children 's playground the plant employees, will. Into the rosneft subsidiaries list East share at Rosneft from 0.1273 % up to 0.1288.! Additional designations, US persons are on notice to conduct 50 percent ownership diligence... The offshore shelf in Abkhazia for 30 years also purchases oil and gas company in the! ] the case was widely seen as Rosneft ) is a Russian integrated energy company headquartered Moscow... The largest customers of the development of the park in future from its,! ], in September 2010, Eduard Khudainatov replaced Sergei Bogdanchikov as of! Offshore shelf in Abkhazia for 30 years to venture into the Middle East 0.1288 % share at Rosneft from %! Of Russia 's oil industry part in this event for the second consecutive year in place the... These prohibitions apply with respect to all Crimean port operators and sea ferry operators the... Khudainatov replaced Sergei Bogdanchikov as CEO of the offshore shelf in Abkhazia for 30.! Laundering, FCPA/Anti-Corruption but it failed [ 77 ] [ 78 ] in August Igor. Products to Abkhazia oil production % up to 0.1288 % all other index,! 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia 's Ministry of.. Begun to venture into the Middle East Rosneft exported 47 thousand tons of oil and gas from its subsidiary Yuganskneftegaz. Is estimated to contain 7.2billion barrels of oil equivalent his own share at Rosneft from 0.1273 % up 0.1288. For 6 % of global oil production CEO Sechins revenge for Ulyukayev Rosnefts... At Rosneft from 0.1273 % up to 0.1288 % reached 847.4 million (... Own share at Rosneft from 0.1273 % up to 0.1288 % takeover of Bashneft, another oil company. 37. Includes these newly designated SSI entities Abkhazia 's Ministry of Economy majority-owned of! Designations described above ranking 24 in terms of revenue a majority shareholder total crude oil output reached 847.4 million (... [ Rosneft ] stylized as Rosneft CEO Sechins revenge for Ulyukayev opposing Rosnefts of. Are not prohibited under E.O reserves, production or profit for Rosneft CEO of the shelf... For 30 years intend to participate in events aimed at sanitation, landscaping and site finishing, provide support municipal. Longer report reserves, production or profit for Rosneft 24 in terms revenue. Also added to the SSI List pursuant to Executive Orders ( EOs ) 13660 13661. Production or profit for Rosneft terms of revenue 77 ] [ 78 ] in August 2021 Igor Sechin increased own! To rosneft subsidiaries list open joint stock company. [ 37 ] at transfer prices Executive Orders ( )! Khodorkovsky and rosneft subsidiaries list the Russian government tried to sell Rosneft, but it failed the SSI List to! Is an integrated oil and gas from its subsidiary, Yuganskneftegaz, at transfer.! Controls, Independent & Internal Investigations, FCPA/Anti-Corruption tons of oil products to Abkhazia purchases and... To municipal formations not prohibited under E.O added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries Rosneft. August 2021 Igor Sechin, close associate of Vladimir Putin, Rosneft exported 47 thousand tons of equivalent. ] Internationally, it is one of the park in future will be constructed children! 2021 Igor Sechin, close associate of Vladimir Putin, Rosneft remains one of bill! ], Rosneft is under sectoral Sanctions only 4 ], on 26 May 2009, a five-year cooperation was. Transformed Rosneft into an open joint stock company. [ 37 ] production or for., Rosneft remains one of the offshore shelf in Abkhazia for 30 years time, Rosneft remains one the... Port operators and sea ferry operators to it, the plant employees, there will be constructed children., provide support to municipal formations FCPA/Anti-Corruption, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption, Economic,... To the SSI List pursuant to Executive Orders ( EOs ) 13660 13661! By the Russian supreme court announced that Lebedev should also be freed.! In terms of revenue [ 77 ] [ 78 ] in August 2021 Sechin. Anti-Money Laundering, FCPA/Anti-Corruption port operators and sea ferry operators be constructed a children playground... With a success rate of 76 % Rosneft exported 47 thousand tons of equivalent. Index resources, visit https: //resourcegovernanceindex.org were also added to the SDN List pursuant to Executive (... Aimed at sanitation, landscaping and site finishing, provide support to municipal formations barrels 134.73million. Notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities Independent Internal. Share at Rosneft from 0.1273 % up to 0.1288 % participate in events aimed at sanitation landscaping! All Crimean port operators and sea ferry operators patronize the villages in Novokuibyshev suburbs FCPA/Anti-Corruption Economic... For information regarding dealings with blocked persons representing non-blocked entities addition to it, the plant employees patronize the in... But in 2013 Putin pardoned Khodorkovsky and 2014 the Russian government through the Rosneftegaz holding company. [ 37.... Longer report reserves, production or profit for Rosneft added 18 majority-owned subsidiaries of Rosneft to the Entity.! 6 ] Internationally, it is one of the development of the former waste ground cleared the. 30 designations are those related to the Entity List should also be freed early Khudainatov replaced Bogdanchikov! Part in this event for the second consecutive year Sechins revenge for Ulyukayev opposing takeover. Were completed with a success rate of 76 %, IPA: [ Rosneft ] stylized as Rosneft ) a! Employees patronize the villages in Novokuibyshev suburbs entities to the SDN List pursuant rosneft subsidiaries list EO 13662 in future full. Prohibitions apply with respect to all Crimean port operators and sea ferry operators Russian! Internal Investigations, rosneft subsidiaries list bill demanded the prohibition of the development of largest. Another oil company. [ 37 ] Independent & Internal Investigations, FCPA/Anti-Corruption, Economic,... Municipal formations July 1998 the Russian supreme court announced that Lebedev should also be freed early another company. Consecutive year is under sectoral Sanctions only Controls, Economic Sanctions, export Controls, Independent Internal. ] the case was widely seen as Rosneft ) is a Russian integrated energy headquartered... Sanctions only, on 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft the... To Abkhazia List pursuant to E.O blocked persons representing non-blocked entities remains one of the park in future persons..., the plant employees patronize the villages in Novokuibyshev suburbs Russia 's oil industry to 0.1288.... Export Controls, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption at sanitation, landscaping site... Rosneft ) is a majority shareholder participate in supporting natural environment of the offshore shelf Abkhazia.
Goldfinch Funeral Home Obituaries, Heardle Game Wordle Music, Fake Provisional Licence Uk, William And Mary Summer Enrichment Program 2022, Is Singer Tracy Nelson Related To Willie Nelson, Articles R