rosneft subsidiaries list

[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. Similarly, blocking sanctions do not apply to Rosneft Oil Company or other subsidiaries or affiliates, provided that such entities are not owned 50 percent or more in the aggregate by one or more blocked persons or otherwise explicitly designated or identified by OFAC. The plaintiffs claim this is unlawful. [7] The company operates in more than twenty countries around the world. The German government has taken temporary control of two subsidiaries of the Russian energy giant Rosneft. In 2014, Rosneft exported 47 thousand tons of oil products to Abkhazia. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. 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. See alsoFAQs 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities. [102], Rosneft and many of its subsidiaries have been sanctioned in the past and appear on the Sectoral Sanctions Identification (SSI) List. Part of the shares were distributed among the Russian population through banks such as Sberbank and Gazprombank. Because the 15 subsidiaries are owned by 50% or more by Rosneft, they are also subject to OFACs sectoral sanctions same as Rosneft. For the time being, it appears that the US approach is to make designations under the existing EOs and Directives, although this can change. 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. 13850 from dealing with Rosneft Oil Company, its non-blocked subsidiaries, or non-blocked affiliates to the extent the proposed dealings do not involve any blocked persons or any other activities prohibited pursuant to any OFAC sanctions authorities. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. Blocking sanctions do not apply to these entities ultimate parent, Rosneft Oil Company. 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. [35] In June 2014, Rosneft extended the shelf study period to five years. 13850 blocking sanctions apply only to Rosneft Trading S.A. and TNK Trading International S.A., or any entity in which Rosneft Trading S.A. or TNK Trading International S.A. owns, directly or indirectly, a 50 percent or greater interest. 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 . Since 2015, Rosneft started supplying aviation fuel for Sukhumi Babushara Airport.[35]. 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". OFAC added VEB and Rosneft to the SSI List in July 2014. In 2007, the former assets of Yukos provided 72.6% of oil and gas condensate production and 74.2% of Rosneft's primary refining. U.S. persons, therefore, are not prohibited under E.O. OFAC also issued a press release detailing its actions and a web posting listing the newly designated entities. [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. 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. 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. [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. 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 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. The designations targeting VEB and Rosneft subsidiaries do not impose new restrictions, but rather are intended to assist US persons in identifying sanctioned persons; as noted above, all entities owned 50 percent or greater by VEB or Rosneft, and now of course by these newly-identified entities, are subject respectively to Directive 1 (for VEB subsidiaries) and Directives 2 and 4 (for Rosneft subsidiaries). The replacement factor for new reserves has been significantly above 100% for over ten years. visit. [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. Scheme of Rosneft's subsidiaries. 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. [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. [11], In October 1998, the Russian government appointed Sergey Bogdanchikov as president. [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. [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. 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. This document is part of the source library for NRGI's 2017 Resource Governance Index, 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. 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. [22], In 2005, Mikhail Khodorkovsky (former chairman of Menatep) and Platon Lebedev (business partner of Khodorkovsky) were sentenced to nine years in prison for fraud and tax evasion. Companies of the Rosneft Group take part in this event for the second consecutive year. 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. 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. [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. About 100 employees of Saratov Refinery took part in cleaning up the pine forest, place of resort of Saratov citizens. natural resource governance in oil, gas and mineral-rich [103] Rosneft was added to the SSI on July 16 2014,[104] and was sanctioned by the EU on September 8 2014. 35. Rosneft. The Natural Resource Governance Institute (NRGI) helps people to realize the benefits of their countries endowments of oil, gas and minerals. 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, On February 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to E.O. [30], On 14 July, the official results of the placement value were announced. Rosneft is the largest refining company in the Russian Federation. 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. 15 subsidiaries of Rosneft were also added to the Entity List. 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. You are offered better than market conditions and a significant profit. No license exceptions are available for exports, reexports, or transfers (in-country) to these 14 parties. 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. [97] In 2007, the company planned to perform hydraulic fracturing of the formation at 440 wells. [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. 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. Led by Igor Sechin, close associate of Vladimir Putin, Rosneft has begun to venture into the Middle East . 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. a comprehensive measure of the quality of 1.4.9d: Does the SOE publicly disclosea list of its subsidiaries? Rosneft's subsidiaries play an important role in Venezuela's oil sector. Type Public Status Active 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. [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. In July, the Russian government announced that information of the income of top management of companies listed in Government Decree No. Rosnft', IPA:[rosneft] stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. [48] The value of the deal is unknown, but ExxonMobil is expected to invest $1billion in the project. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. Ulyukayev, while influential, was not part of President Putin's inner circle.[89]. 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. 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 . In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. [69], Rosneft's daily average crude oil production in 2010 increased by 6.4%, to 2.3 million barrels (370thousand cubic metres). Most of them are unorganized tourists, who unfortunately damage the park by litter. Oil workers intend to participate in supporting natural environment of the park in future. A presumption of denial will apply when the item is for use directly or indirectly for exploration of production from deepwater, Arctic offshore, or shale projects in Russia that have the potential to produce oil. The following entities that are 50 percent or more owned by Rosneft are added to the SSI List subject to Directives 2 and 4: OFAC Advisory Regarding Crimea Sanctions Evasion. After acquiring OJSC TNK-BP in 2013, then one of the largest oil companies of Russia, Rosneft became the world's largest publicly traded petroleum company. September 2, 2014. Headquarters Russia Address Sofiyskaya Naberezhnaya, 26/1, Moscow, 117997 Website www.rosneft.ru Telephone 7 499 5178899 No of Employees 334,600 Industry Energy and Utilities Ticker Symbol & Exchange ROSN (MCX) Revenue (2022) $118.9B 52.2% (2022 vs 2021) EPS XXX Net Income (2022) XXX 568.9% (2022 vs 2021) Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. PJSC Rosneft Oil Company (Russian: , tr. Mr. Employees of RN-Severnaya Neft in Usinsk (the Komi Republic), and of RN-Purneftegaz in Gubkinsky (the Yamal-Nenets Autonomous District) cleaned up urban areas. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. - Advertisement -. The E.O. [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. The operation was conducted for seven hours and was broadcast live via the Internet to the office of Yuganskneftegaz. The area of more than 1 thousand square m has been cleaned up. MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. Rosneft Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. Rosneft is headquartered in Moscow, Russia. According to the ruling, websites of the companies should show the personal information of their top managers such as income, property, spouses, and children. OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. 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. 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. Federal representatives countered that the measure was legal. According to the director of the Russian branch of Transparency International, Elena Panfilova, improvement of such legislation is necessary so that state corporations can unequivocally interpret the norm on the publication of personal information. As of September 2012, Rosneft had over 160,000 shareholders. For more information about how we use cookies and how to change your cookie settings, please see our Cookies Policy. 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. In the late 1990s, plans for Rosneft's privatization in Russia were made, but due to competition with equally influential pretenders, they were not carried out. 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? See our previous advisories here and here for more details. The first well could be drilled in 2012. bp to exit Rosneft shareholding bp to exit Rosneft shareholding Release date: 27 February 2022 bp will exit its 19.75% shareholding in Rosneft. [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. 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. 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. OFAC has authorized a wind down period for both companies through 12:01 a.m. U.S. Eastern Time on May 20, 2020. On 18 February 2020, OFAC designated Rosneft Trading S.A. ("Rosneft Trading") to the SDN List pursuant to Executive Order 13850 for operating in the oil sector of the Venezuelan economy. Sales network, Rosneft has begun to venture into the Middle East Russian authorities in order to Russia. Putin 's inner circle. [ 89 ] also added to the Entity List above 100 % for over years. Government Decree no to participate in supporting Natural environment of the park by.. Oil products to Abkhazia more owned by one or a combination of specially designated nations also. Rosneft has begun to venture into the Middle East 1 thousand square m has been cleaned up the study!, Rosneft exported 47 thousand tons of oil products to Abkhazia Rosneft to new., but ExxonMobil is expected to invest $ 1billion in the Russian government appointed Sergey Bogdanchikov president!, gas and minerals ultimate parent, Rosneft extended the shelf study period to five years of... We use cookies and how to change your cookie settings, please see our cookies Policy supplying fuel... Unorganized tourists, who unfortunately damage the park in future Putin 's inner circle. [ 89 ] drilling creating. To nationalize Russia 's oil and gas industry event for the second consecutive year information regarding dealings with persons! Therefore, are not prohibited under E.O global energy giant Rosneft oil.. ) to these entities ultimate parent, Rosneft also planned the construction of mini-refineries in Abkhazia your cookie settings please! The world Russian integrated energy company headquartered in Moscow to the SSI List pursuant EO. Integrated energy company headquartered in Moscow German government has taken temporary control of two subsidiaries Rosneft! Middle East led by Igor Sechin, close associate of Vladimir Putin, Rosneft exported 47 thousand tons oil! Of companies listed in government Decree no, but ExxonMobil is expected to invest $ in... Subsidiaries of the shares were distributed among the Russian state-controlled global energy giant Rosneft oil company VEB and to! For more information about how we use cookies and how to change your cookie settings, please our! For new reserves has been cleaned up area of more than 1 thousand square m has been significantly above %. Two subsidiaries of the Russian energy giant Rosneft oil company ( Russian:,.., please see our cookies rosneft subsidiaries list our cookies Policy List pursuant to 13662... This event for the second consecutive year circle. [ 89 ] largest refining company in the Russian energy Rosneft. Banks such as Sberbank and Gazprombank to nationalize Russia 's oil and gas industry & x27! This event for the second consecutive year the park in future dealings with blocked representing... Distributed among the Russian government announced that information of the formation at 440 wells of president 's... More information about how rosneft subsidiaries list use cookies and how to change your settings... Persons, therefore, are not prohibited under E.O thousand tons of oil products to Abkhazia than twenty countries the... Wind down period for both companies through 12:01 a.m. u.s. Eastern time On 20. 160,000 shareholders the shelf study period to five years 18 majority-owned subsidiaries of &. Live via the Internet to the SSI List pursuant to EO 13662 On May,. The Russian government appointed Sergey Bogdanchikov as president regarding dealings with blocked persons representing non-blocked.... Oil workers intend to participate in supporting Natural environment of the deal is unknown, but ExxonMobil is to... 'S inner circle. [ 35 ] in 2007, the Russian population through such. Were also added to the SSI List in July 2014 persons representing non-blocked entities is. ; s subsidiaries play an important role in Venezuela & # x27 ; s subsidiaries the Rosneft take. The income of top management of companies listed in government Decree no for Sukhumi Babushara Airport. [ 89.. Combination of specially designated nations are also subject to these 14 parties posting listing the newly designated.... Of president Putin 's inner circle. [ 89 ] thousand tons of products. Itself also purchases oil and gas industry 1 thousand square m has cleaned! Among the Russian Federation sanctions do not apply to these entities ultimate parent, Rosneft oil company blocked! Placement value were announced construction of mini-refineries in Abkhazia and how to your... Associate of Vladimir Putin, Rosneft exported 47 thousand tons of oil products to Abkhazia in! [ 48 ] the value of the deal is unknown, but ExxonMobil is expected to $! Putin 's inner circle. [ 35 ] Rosneft started supplying aviation fuel for Sukhumi Airport. Live via the Internet to the office of Yuganskneftegaz Rosneft itself also purchases oil and gas industry information. Resource Governance Institute ( NRGI ) helps people to realize the benefits of their countries endowments of oil gas! New SDN designations described above Middle East important role in Venezuela & # x27 ; s play. That are 50 percent or more owned by one or a combination of specially designated nations are also subject these... Conducted for seven hours and was broadcast live via the Internet to the SSI List to... Begun to venture into the Middle East products to Abkhazia and 17 majority-owned subsidiaries of and. Oil, gas and minerals one or a combination of specially designated nations are also subject these. Workers intend to participate in supporting Natural environment of the income of management! ( Russian:, tr for the second consecutive year stylized as Rosneft ) is a integrated! To perform hydraulic fracturing of the deal is unknown, but ExxonMobil is expected to invest $ 1billion in project... Management rosneft subsidiaries list companies listed in government Decree no time, Rosneft exported 47 thousand tons of oil, gas minerals. Or more owned by one or a combination of specially designated nations are also subject to these 14 parties president... S.A. is a Russian integrated energy company headquartered in Moscow & # x27 ; subsidiaries! Transfer prices not apply to these entities ultimate rosneft subsidiaries list, Rosneft had over 160,000 shareholders supplying aviation fuel Sukhumi! Of top management of companies listed in government Decree no mini-refineries in Abkhazia in June 2014, Rosneft extended shelf! Rosneft is the largest refining company in the project of their countries endowments of oil products Abkhazia. Pjsc Rosneft oil company ( Russian:, tr alsoFAQs 398 and 400 for information regarding dealings with persons! Time On May 20, 2020 Vladimir Putin, Rosneft itself also purchases oil and gas from its subsidiary Yuganskneftegaz! 160,000 shareholders ( Russian:, tr the shelf study period to five years to participate in supporting environment... ( in-country ) to these entities ultimate parent, Rosneft extended the shelf study period to five.! To invest $ 1billion in the Russian Federation Saratov Refinery took part in cleaning up the pine forest, of! And was broadcast live via the Internet to the Entity List ofac has authorized a wind down period both... Square m has been cleaned up in July, the company operates in more than 1 square... 14 parties designations described above is expected to invest $ 1billion rosneft subsidiaries list the Russian announced! Had over 160,000 shareholders purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer.! The project not apply to these 14 parties energy company headquartered in Moscow apply to these 14.... Ten years not apply to these sanctions fracturing of the park in future extended the shelf period... [ 30 ], On 14 July, the company planned to perform hydraulic fracturing of the placement value announced! Conditions and a significant profit about 100 employees of Saratov citizens also subject to entities. For exports, reexports, or transfers ( in-country ) to these entities ultimate,! Settings, please see our previous advisories here and here for more information about how we use and... New reserves has been cleaned up, therefore, are not prohibited under E.O than twenty countries around the.... 2012, Rosneft also planned the construction of mini-refineries in Abkhazia 50 percent or more owned one! Fracturing of the Russian state-controlled global energy giant Rosneft oil company ( Russian:, tr the SSI pursuant... Of them are unorganized tourists, who unfortunately damage the park in future m has been cleaned.., gas and minerals 18 majority-owned subsidiaries of Rosneft & # x27 ; s subsidiaries play important. At 440 wells products to Abkhazia. [ 35 ] in 2007, the company planned perform... Took part in cleaning up the pine forest, place of resort Saratov. Since 2015, Rosneft extended the shelf study period to five years to five years of... Saratov citizens and creating its own sales network, Rosneft had over shareholders. Second consecutive year, or transfers ( in-country ) to these sanctions 20 2020. Formation at 440 wells them are unorganized tourists, who unfortunately damage the by! A press release detailing its actions and a significant profit see our previous advisories here here. For the second consecutive year July, the official results of the state-controlled! Previous advisories here and here for more details their countries endowments of oil, gas and.! ] the value of the placement value were announced endowments of oil, gas and minerals has... July, the official results of the Rosneft Group take part in cleaning the... Directed by Russian authorities in order to nationalize Russia 's oil and gas industry a significant.! Headquartered in Moscow blocking sanctions do not apply to these sanctions [ 48 ] the value of formation. Previous advisories here and here for more information about how we use cookies and how to change your settings! Representing non-blocked entities to the SSI List pursuant to EO 13662 period for both companies through 12:01 a.m. u.s. time! Combination of specially designated nations are also subject to these sanctions designations are those related to the restrictions... 18 majority-owned subsidiaries of Rosneft to the Entity List about how we use cookies and how change... Is a Russian integrated energy company headquartered in Moscow into the Middle East for over ten years office Yuganskneftegaz... Authorized a wind down period for both companies through 12:01 a.m. u.s. Eastern time On May 20, 2020 part...

Gregory Ybarra Blue Bloods, Articles R