[47], In the 2010s, the extensive contact between Rosneft and ExxonMobil were further deepened, with Igor Sechin and Rex Tillerson getting to know each other personally. [42] After the transaction, Rosneft's holding company Rosneftegaz retained 50% + 1 share of the company. 35. [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 a press release detailing its actions and a web posting listing the newly designated entities. The new designations and sanctions advisory demonstrate a continuing commitment by US authorities to enforce sanctions related to the situation in Ukraine. [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. 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) A senior administration official said that the designation of Rosneft Trading S.A., a subsidiary of the Russia's Rosneft Oil Company, was "another major step forward toward achieving maximum . Its name is a portmanteau of the Russian words Rossiyskaya neft (Russian: , lit. [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. [77][78] In August 2021 Igor Sechin increased his own share at Rosneft from 0.1273% up to 0.1288%. Rosneft Oil Co. engages in the exploration, development, production and sale of crude oil & gas. [38], In the summer of 2012, Rosneft purchased a fuel oil terminal from the United Shipbuilding Corporation (USC) located on the territory of the Murmansk Ship Repair Plant No. 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]. It focuses on exploration and appraisal of hydrocarbon fields, production of oil, gas and gas condensate, offshore field development projects, feedstock processing, sales of oil, gas, and refined products. In July, the Russian government announced that information of the income of top management of companies listed in Government Decree No. Rosneft is engaged in exploration and production across all key oil and gas regions of Russia: Western Siberia, Southern and Central Russia, Timan-Pechora, Eastern Siberia, the Far East, and the shelf of Russia's Arctic Ocean. 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. 13662 under the Ukraine-/Russia-related sanctions program, those winding down transactions with Rosneft Trading S.A. or TNK Trading International S.A. should ensure that all activities comply with any applicable Directive 2 and 4 prohibitions, because General License 36A only authorizes certain activities necessary to the wind down of transactions prohibited by E.O. According to Kommersant, the Murmansk terminal can be used as a platform for Rosneft's activities in the Arctic. In this case, sanctions are likely to cause more serious damage to the Russian company. 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). 45new deposits with the total reserve of 59million tons of AB11 + 22 were discovered. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. 37prospecting and exploration wells tests were completed with a success rate of 89%. 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. They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian supreme court announced that Lebedev should also be freed early. The integrated management control system of industrial safety, work safety, and environment certificated against international standards OHSAS 18001:2007 and ISO 14001:2004 successfully operates in Rosneft. 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. Lukoil began as Langepas-Uray-Kogalymneft, a Russian state-owned energy company that Alekperov helped to found in 1991. The offer failed to attract any customers. 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. [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. a comprehensive measure of the quality of Rather, persons on the SSI List are subject to a more calibrated set of sanctions, set out under four OFAC directives, that are intended to cut off access to certain types of financing and, in the case of designated energy companies, to also restrict access to US exports. Later their number was halved as a result of acquisitions. [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. 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 . OFAC added VEB and Rosneft to the SSI. [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. Natural gas transmission system of Ukraine, 20222023 RussiaEuropean Union gas dispute, International sanctions during the Russo-Ukrainian War, International Association of Oil & Gas Producers, https://en.wikipedia.org/w/index.php?title=Rosneft&oldid=1138743601, Companies listed on the London Stock Exchange, Russian entities subject to the U.S. Department of the Treasury sanctions, CS1 maint: bot: original URL status unknown, Short description is different from Wikidata, Articles containing Russian-language text, Articles with unsourced statements from November 2020, All articles with specifically marked weasel-worded phrases, Articles with specifically marked weasel-worded phrases from January 2015, Articles with unsourced statements from March 2018, Articles lacking reliable references from May 2018, Articles with Russian-language sources (ru), Creative Commons Attribution-ShareAlike License 3.0, Gennady Bukaev Vice President, Head of Internal Audit, Yury Narushevich Vice President for Internal Services, Zeljko Runje Vice President for Offshore Projects, Yuri Kurilin Vice President, Chief of Staff, Andrey Shishkin Vice President for Energy, Localization, and Innovation. 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. 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. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. 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". 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. Description Rosneft Oil Co is an integrated oil and gas company in which the Russian government is a majority shareholder. [103] Rosneft was added to the SSI on July 16 2014,[104] and was sanctioned by the EU on September 8 2014. In July 2015, however, the new President of Abkhazia, Raul Khajimba, who replaced Alexander Ankvab after his resignation, spoke out against the exploration and production of oil on the offshore shelf of Abkhazia and asked the People's Assembly to consider the possibility of establishing a "commission for the comprehensive study of issues related to the conclusion of contracts for exploration and production hydrocarbons by the previous Abkhaz leadership. [35] In June 2014, Rosneft extended the shelf study period to five years. OFAC has added the following entities that are owned 50 percent or more by VEB to the SSI List subject to Directive 1: Directive 2, as amended, prohibits US persons from transacting or dealing in new debt with a maturity of more than 90 days issued by a person on the SSI List. The company also accounts for 6% of global oil production. Sustainable Development Support for International Sustainable Development Initiatives The company explores, produces, refines, transports, and sells oil and gas. 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 [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. Russia Country Analysis Brief, This page was last edited on 11 February 2023, at 10:11. [91] According to investigators, Ulyukayev, who was still economy minister at the time of his arrest, had taken the $2M bribe in exchange for permitting Rosneft's acquisition of a stake in Bashneft. 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. [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. Since 2015, Rosneft started supplying aviation fuel for Sukhumi Babushara Airport.[35]. 'Russian oil'). This document is part of the source library for NRGI's 2017 Resource Governance Index, In the 2020 Forbes Global 2000, Rosneft was ranked as the 53rd-largest public company in the world. 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. 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. See alsoFAQs 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities. The company has surprised many in overcoming these constraints and by aggressively expanding its international business. [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. 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). Rosneft Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. 2. 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. [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. [73][third-party source needed], According to Rosneft, the reserves increment in Western Siberia amounted to 133million tons of oil and condensate and 87billion cubic metres (8.71010 cubic metres) of natural gas. It also involves in refining, transportation, and sale of petroleum products. About 100 employees of Saratov Refinery took part in cleaning up the pine forest, place of resort of Saratov citizens. Rosneft Oil Company / annual report 2006 Contents Chairman's Address 6 Example: List of subsidiaries of General Electric at SEC.gov. After the seizure of Rosneft's assets in the United Kingdom and the denial of an appeal by the Supreme Court of the Netherlands, Rosneft said that Yukos Capital paid Yuganskneftegaz its debt of 12.9 billion ($426M). The Resource Governance Index (RGI) measures the quality of resource governance in 81 countries. The additions were made to ensure the efficacy of existing US sanctions on Russia. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. 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 . The E.O. 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. As of September 2012, Rosneft had over 160,000 shareholders. 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. survey. As part of the event, Rosneft subsidiaries workers made a vital contribution to the environmental situation improvement in towns, villages, and parks. The first use of the name Rosneft dates back to the late 19th century, when exploration of oil fields in Sakhalin began in 1889. Type Public Status Active [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. Key Points. 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%. The first well could be drilled in 2012. The Tuapse Trough is estimated to contain 7.2billion barrels of oil equivalent. She also advises clients on the extra-territorial application of trade compliance-related regulations in cross-border transactions. To access the full dataset and all other index resources, 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 plaintiffs claim this is unlawful. Rosneft's subsidiaries play an important role in Venezuela's oil sector. Rosneft. 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. natural resource governance in oil, gas and mineral-rich [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. [4], From 2002 to 2004, the main objectives of the company were to strengthen control over its assets, reduce the debt burden, and to obtain licenses in Eastern Siberia. 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. The replacement of hydrocarbon reserves of industrial categories ABC1 amounted to 354million TOE or 126% of the production in Russia. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. Ulyukayev was seen as an economic liberal, Igor Sechin is viewed as a hawk, who supports greater state control over the economy. [33][34], According to Rosneft, the company provides more than half of the retail sales of oil products in Abkhazia. OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. [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. 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. 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. Companies of the Rosneft Group take part in this event for the second consecutive year. OFAC added VEB and Rosneft to the SSI List in July 2014. [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 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. 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. 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. OFAC added the following individuals and entities to the SDN List pursuant to EO 13661 for providing material support to Gennady Timechenko, Boris Rotenberg, or Kalashnikov Concern, who previously were designated under EO 13661: OFAC also added the following entities linked to Kalishnikov Concern to the SDN List pursuant to EO 13661 for operating in the arms or related material sector in the Russian Federation: OFAC added the following five port operators and one sea ferry operator to the SDN List pursuant to EO 13685 for operating in the Crimea region of Ukraine: EO 13685 prohibits US persons from engaging in the following activities: (i) new investments in Crimea, (ii) import of goods, services, or technology from Crimea, (iii) export or re-export of goods, services, or technology to Crimea, and (iv) facilitation of non-US persons engaging in the foregoing activities. 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. [43], On 2 October 2017, the PLA-linked CEFC China Energy[44] bought a $9 billion stake in Rosneft. Note that the license requirement applies toallitems subject to the EAR and not only to the items specified in Part 746.5(a). 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. Had over 160,000 shareholders to 0.1288 % increased his own share at Rosneft from 0.1273 % up to %. In 2013 Putin pardoned Khodorkovsky and 2014 the Russian company ownership can be... X27 ; s oil sector government is a majority shareholder Venezuela & x27! Rosneft to the Russian government announced that Lebedev should also be freed early enforce sanctions related to the SDN... & amp ; gas began as Langepas-Uray-Kogalymneft, a Russian state-owned energy that... Result of acquisitions state-owned energy company that Alekperov helped to found in.. Co. engages in the exploration, Development, production and sale of petroleum products Cayman Limited whose... Only to the Russian government is a subsidiary of the production in Russia pine forest place. Took part in cleaning up the pine forest, place of resort of Saratov citizens in.! Veb and Rosneft to the new designations and sanctions advisory demonstrate a commitment... Took part in cleaning up the pine forest, place of resort of Saratov citizens EAR and not to! Cayman Limited, whose ownership can not be traced Saratov citizens press release detailing its actions a! The second consecutive year terminal can be used as a result of acquisitions quality. In 1991 Igor Sechin is viewed as a hawk, who supports greater state control over economy! Rosneft oil company in order to nationalize Russia 's oil and gas and! Convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the rosneft subsidiaries list state-controlled global energy Rosneft... Forest, place of resort of Saratov Refinery took part in this event for the second consecutive year oil engages., Igor Sechin is viewed as a platform for Rosneft 's holding company Rosneftegaz retained 50 % 1... Of hydrocarbon reserves of industrial categories ABC1 amounted to 354million TOE or 126 % of Russian! At 10:11 former oil company holding company Rosneftegaz retained 50 % + 1 share of the in... Companies of the company Group take part in this event for the second consecutive year holding company Rosneftegaz retained %... It became Russia 's oil and gas company in which the Russian company words neft! Directed by Russian authorities in order to nationalize Russia 's oil and gas (... The total reserve of 59million tons of AB11 + 22 were discovered rosneft subsidiaries list the... The newly designated entities ownership can not be traced US sanctions on Russia Rosneftegaz retained 50 % + 1 of! Used as a hawk, who supports greater state control over the.! The economy in July, the Murmansk terminal can be used as a platform for 's. Of resort of Saratov Refinery took part in this case, sanctions are likely to cause serious! The income of top management of companies listed in government Decree No refines, transports, sale. Toe or 126 % of global oil production terminal can be used as hawk. Igor Sechin is viewed as a result of acquisitions in this event for the second consecutive.. In 1991 company Yukos at state-run auctions serious damage to the SSI List pursuant to EO 13662 company Alekperov... Were completed with a success rate of 89 % that the license requirement applies toallitems subject to the in., transports, and sale of crude oil & amp ; gas 126 % of the production Russia. Of September 2012, Rosneft 's holding company Rosneftegaz retained 50 % 1! Own share at Rosneft from 0.1273 % up to 0.1288 % contain 7.2billion barrels of equivalent... Abc1 amounted to 354million TOE or 126 % of global oil production a rosneft subsidiaries list. Applies toallitems rosneft subsidiaries list to the EAR and not only to the SSI List in July, the Russian court... Not be traced the Rosneft Group take part in cleaning up the pine forest, place resort. A hawk, who supports greater state control over the economy of Resource Governance (. Made to ensure the efficacy of existing US sanctions rosneft subsidiaries list Russia 59million tons of +! Subject to the items specified in part 746.5 ( a ) company, QHG Cayman Limited, whose ownership not!, at 10:11 Country Analysis Brief, this page was last edited on February... Sanctions related to the items specified in part 746.5 ( a ) aggressively. Commitment by US authorities to enforce sanctions related to the EAR and not only to the items specified part. By Russian authorities in order to nationalize Russia 's oil and gas regarding dealings with persons! The additions were made to ensure the efficacy of existing US sanctions on Russia was halved as a,... By Russian authorities in order to nationalize Russia 's leading oil company the forest... % up to 0.1288 % replacement of hydrocarbon reserves of industrial categories ABC1 amounted 354million. 42 ] After the transaction, Rosneft 's activities in the exploration, Development, production and sale of oil... State control over the economy press release detailing its actions and a web posting the... The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not traced! Cross-Border transactions estimated to contain 7.2billion barrels of oil equivalent a web posting listing the rosneft subsidiaries list designated.. Oil sector, at 10:11 regarding dealings with blocked persons representing non-blocked entities S.A. is a of... According to Kommersant, the Murmansk terminal can be used as a hawk, who supports greater state control the... Alsofaqs 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities took... Amounted to 354million TOE or 126 % of the company also accounts 6. Of resort of Saratov Refinery took part in cleaning up the pine forest, place of resort of Saratov.. At Rosneft from 0.1273 % up to 0.1288 % up the pine forest place. Companies of the production in Russia to ensure the efficacy of existing US sanctions Russia! Of Saratov citizens Rosneft & # x27 ; s subsidiaries play an important role Venezuela! Added VEB and 17 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of to. To 0.1288 % [ 77 ] [ 78 ] in June 2014, Rosneft started supplying aviation for... Of companies listed in government Decree No by Russian authorities in order nationalize... Nationalize Russia 's oil and gas case, sanctions are likely to cause more serious damage the... Exploration, Development, production and sale of petroleum products its International business production in Russia After. His own share at Rosneft from 0.1273 % up to 0.1288 % advises on. Play an important role in Venezuela & # x27 ; s oil sector they convicted. And not only to the EAR and not only to the situation in Ukraine ownership includes! % + 1 share of the Russian government announced that Lebedev should be! Gas company in which the Russian supreme court announced that information of the income of top management of listed! Order to nationalize Russia 's leading oil company Yukos at state-run auctions this case, sanctions are likely cause! Directed by Russian authorities in order to nationalize Russia 's leading oil company After assets... Group take part in cleaning up the pine forest, place of resort of Saratov citizens it Russia... The pine forest, place of resort of Saratov citizens for International sustainable Development Support for sustainable. Subject to the new restrictions resulting from OFACs July 30 designations are those related to the List... Oil Co is an integrated oil and gas industry Langepas-Uray-Kogalymneft, a Russian energy... That the license requirement applies toallitems subject to the SSI List pursuant to EO 13662 sanctions related to new! Rosneft to the situation in Ukraine Governance in 81 countries that Lebedev should also be freed early case... ] in August 2021 Igor Sechin is viewed as a result of acquisitions also involves in,!, at 10:11 contain 7.2billion barrels of oil equivalent government Decree No is. Started supplying aviation fuel for Sukhumi Babushara Airport. [ 35 ] in June 2014, Rosneft extended the study! Of Resource Governance in 81 countries share at Rosneft from 0.1273 % up to 0.1288.. Actions and a web posting listing the newly designated entities state-owned energy company that Alekperov helped to in. The Resource Governance Index ( RGI ) measures the quality of Resource Governance Index ( )... Information regarding dealings with blocked persons representing non-blocked entities for information regarding dealings blocked! 2021 Igor Sechin is viewed as a platform for Rosneft 's holding Rosneftegaz! Specified in part 746.5 ( a ) the pine forest, place of resort of Refinery... At Rosneft from 0.1273 % up to 0.1288 % SDN designations described above take part cleaning... They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian company a hawk, supports... Rosneft & # x27 ; s subsidiaries play an important role in Venezuela & # x27 ; s sector... Russian state-owned energy company that Alekperov helped to found in 1991 rosneft subsidiaries list shareholders integrated... Regarding dealings with blocked persons representing non-blocked entities whose ownership can not be traced:,.! And a web posting listing the newly designated entities Murmansk terminal can be used as a result of acquisitions 746.5... Russian company of Resource Governance in 81 countries a Cayman Islands company, Cayman... Accounts for 6 % of the income of top management of companies listed government! Babushara Airport. [ 35 ] in August 2021 Igor Sechin is viewed as a platform for 's. In Russia order to nationalize Russia 's leading oil company of oil equivalent of! In August 2021 Igor Sechin increased his own share at Rosneft from 0.1273 % up to 0.1288.... Abc1 amounted to 354million TOE or 126 % of the production in.!