As a result, US companies as well as foreign companies conducting business in or through the United States may not realize that they are directly or indirectly engaging in a transaction involving an individual or entity in Crimea. Five new deposits with reserves of 39million tons of oil equivalent were discovered. The refineries are able to process about 45% of crude oil produced by Rosneft as a whole. March 28, 2020. 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. survey. 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. 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 . Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. Most of Rosneft's current assets were established during the Soviet era. Ulyukayev retorted that the "fabricated" accusations of bribery were "based solely on Sechin's claims," and that the whole exchange had been engineered by the Russian Federal Security Service, the successor of the KGB. OFAC also issued a press release detailing its actions and a web posting listing the newly designated entities. From 2009 to 2010, Rosneft remains one of the largest customers of the oilfield services company Schlumberger, which specializes in hydraulic fracturing. 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. 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 new designations and sanctions advisory demonstrate a continuing commitment by US authorities to enforce sanctions related to the situation in Ukraine. See our previous advisories here and here for more details. Help us to improve ResourceData.org by taking a short Previously, Yukos Capital applied to international arbitration under the International Chamber of Commerce, and it obliged Tomskneft to pay 7,254.2 million ($239M), $275,200, and 52,960, with an interest rate of 9% per annum for the amount of 4,350 million ($144M), starting from 12 February 2009 until the day of payment of the debt. 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. Sustainable Development Support for International Sustainable Development Initiatives ", "Rosneft and BP Form Global and Arctic Strategic Alliance", "BP, Russian Billionaires, and the Kremlin: A Power Triangle That Never Was", "ExxonMobil in $3.2bn Rosneft Arctic pact", "Rosneft Teams Up with Exxon Mobil in Arctic Deal", "Rosneft and ExxonMobil to Develop Black Sea Resources", "U.S. will not give Exxon permission to drill in Russia", "Taking a stake in Rosneft is a big gamble for BP", "Sechin points to multi-billion TNK-BP synergies", "Rosneft pays out in historic TNK-BP deal completion", "BP to offload stake in Rosneft amid Ukraine conflict", "Asian Buyers Trying to Back Out of Purchases of Russian Oil Grade", "Rosneft replaces departed western board members", "Announcement of Treasury Sanctions on Entities Within the Financial Services and Energy Sectors of Russia, Against Arms or Related Materiel Entities, and those Undermining Ukraine's Sovereignty", "Treasury Targets Russian Oil Brokerage Firm for Supporting Illegitimate Maduro Regime", "U.S. Imposes Sanctions on Russian Oil Company Supporting Venezuela's Leader", "EU introduces additional sanctions against Russia", "Germany: Rosneft Acquires 50% Of Ruhr Oel GmbH", "Rosneft sells Venezuelan assets to Russia after U.S. sanctions ramp up", "Ranking Oil, Gas and Mining Companies on Indigenous Rights in the Arctic", "Russian ex-minister Ulyukayev gets eight years for bribery", "Ex-minister's harsh jail sentence sends shockwaves through Russian elite", "Ex-Russian minister Ulyukayev faces bribery charges, pins blame on Rosneft head and Putin ally | DW | 16.08.2017", "Why Russia has so many oil leaks | DW | 29.03.2021", "Russia's Rosneft charged over pipeline leak that caused oil to come out of taps", "Announcement Of Additional Treasury Sanctions On Russian Government Officials And Entities", "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine", "U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs", "BP, Russian billionaires, and the Kremlin: a Power Triangle that never was", Rosneft Oil production, refining, reserves and capex by division, segment and period (Grmike, wikinvest), Yahoo! 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. 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. OFAC also added 35 entities in Russia and Ukraine, all subsidiaries of Vnesheconombank (VEB) and Rosneft, to its Sectoral Sanctions Identifications List (SSI List). 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. Both bp-nominated directors to resign from Rosneft board with immediate effect. Most of them are unorganized tourists, who unfortunately damage the park by litter. With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. [4][27][28], The Federal Service for Financial Markets authorized the placement and circulation outside the country of a 22.5% stake in Rosneft. [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. [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. Likewise, on March 12, 2020, OFAC designated TNK Trading International S.A. pursuant to E.O. [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. Rosneft petitions court to end trusteeship. The German government has placed German Rosneft subsidiariesRosneft Deutschland GmbH (RDG) and RN Refining & Marketing GmbH (RNRM)under fiduciary management. [60] According to Rosneft's CEO Igor Sechin, no discussion had been held on a buyout of minority shareholders in TNK-BP Holding. 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). OFAC added VEB and Rosneft to the SSI List in July 2014. 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. [4][15], In 2007, the company for the first time entered the annual list of one hundred most respected firms and companies in the world according to the weekly Barron's, in 99th place. 'Russian oil'). 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. 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. September 2, 2014. 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. However, this did not prevent the company from providing information regarding the incomes and property of Rosneft's top managers and their relatives to "competent authorities" in the prescribed "time and amount". In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. As of year-end 2010, Rosneft's total proved oil and gas reserves under PRMS classification were 22.8 billion barrels (3.62billion cubic metres) of oil equivalent, among the highest for a publicly traded petroleum company worldwide. [90] The 61-year-old claimed that Sechin had lured him to Rosneft's offices, where he was subsequently caught red-handed by the authorities with a bag of bribe money. [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. A number of Rosneft subsidiaries were removed from the list in Q4, 2017 in connection with the sale. [52] The TNK-BP partners had previously signed a shareholding agreement which stipulated that their Russian joint venture would be the primary corporate vehicle for BP's oil and gas operations in Russia. Since the beginning of the year, with the use of specialized machinery they have collected and removed 70 tones of litter. 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. In February 2007, they were charged again and accused of stealing $25 billion worth of oil from Yukos subsidiaries. Rosneft Deutschland . [76], Prior to the initial public offering (IPO) in 2006, all of Rosneft's shares were owned by the Russian government through its holding company JSC Rosneftegaz. SSI Designations OFAC added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of Rosneft to the SSI List pursuant to EO 13662. The Company is implementing Health, Safety and Environmental Policy, which in particular provides for increase of industrial and environmental safety of the Company production sites to the level complying with the best rates of world oil companies, constant development of the control system in the region of ISLPE, and decrease of industrial risks from newly introduced objects. 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. 1996-2023 Maritime Activity Reports, Inc. The majority of revenue is generated from its oil segment, where crude and refined products are sold to international and domestic markets. 1.4.9d: Does the SOE publicly disclosea list of its subsidiaries? At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. Our company is responsible for both the supply of crude oil to the PCK, MiRO and Bayernoil refineries and the distribution of petroleum products. 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. 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 . Fourteen Russian subsidiaries of Rosneft and two . Specifically, the federal . Rosneft is headquartered in Moscow, Russia. [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. As of September 2012, Rosneft had over 160,000 shareholders. [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. Companies of the Rosneft Group take part in this event for the second consecutive year. 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. [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. For example, the following information can be obscured in order to evade or circumvent US sanctions involving Crimea: (i) originator or beneficiary address information from the Society for Worldwide Interbank Financial Telecommunications (SWIFT) messages involving persons or entities in Crimea; or (ii) references to Crimea in trade related documentations by, for example, listing Crimean counterparties as being located in Russia rather than in Ukraine. 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. visit. Overview Rosneft is a company that provides hydrocarbon exploration, production, and refining and marketing services. [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. [74] Rosneft is the second largest national oil company by retail network, which covers 41regions of Russia and includes 1,800filling stations. Energy Information Administration (EIA). 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. [9][10], Rosneft struggled financially and operationally during the 1998 Russian financial crisis with decreased production due to poor assets and decreased retail sales with an underused refining capacity. this operation was directed by Russian authorities in order to nationalize Russia's oil and gas industry. 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. You can also follow us on Twitter (@SteptoeIntlReg). Rosneft. 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. 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. [65], On 16 July 2014, the Obama administration imposed sanctions through the US Department of Treasury's Office of Foreign Assets Control (OFAC) by adding Rosneft and other entities to the Sectoral Sanctions List (SSL) in retaliation for the annexation of the Crimean Peninsula by the Kremlin and the ongoing Russian interference in Ukraine. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. SSI Designations 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. [21], The purchase of Yugansk in 2005[23] greatly increase the number of assets and production for Rosneft. [33][34], According to Rosneft, the company provides more than half of the retail sales of oil products in Abkhazia. [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. [citation needed], In May 2007, Rosneft won a number of auctions for the sale of Yukos' assets, including five refineries and oil companies Tomsk Oil Company and Samara Oil and Gas Company, making it the largest oil company in Russia. Ulyukayev was seen as an economic liberal, Igor Sechin is viewed as a hawk, who supports greater state control over the economy. In place of the former waste ground cleared by the plant employees, there will be constructed a children's playground. One hundred and forty-nine questions were asked for each assessment and for each Under Directive 1, as amended, US persons are prohibited from transacting or dealing in new debt with a maturity of 30 days or new equity issued by an entity on the SSI List. 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 This could also have consequences for consumers. Rosneft owns as well a 50% stake in Ruhr Oel GmbH,[72] the owner of stakes in four refineries in Germany with overall capacity of 23.2million tonnes. Employees of 50 workshops of process managements of Yuganskneftegaz were actively involved in cleaning landscape territories within Khanty-Mansiysk Autonomous District-Yugra, and painting objects of the park infrastructure. The proceedings could also affect consumers in Germany: If the court upholds . [59] BP will receive in exchange of its stake $12.3billion of cash and 18.5% of Rosneft's share, while ARR will receive $28billion in cash. At the moment, Rosneft is under sectoral sanctions only. Rosneft was added to the SSI on July 16 2014, and was sanctioned by the EU on September 8 2014. The move by the government puts it in charge of Rosneft's stakes in three refineries in . [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. The new restrictions resulting from OFACs July 30 designations are those related to the new SDN designations described above. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. 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 . MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. Your feedback is important to us. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. On 22 December 2004, Rosneft had purchased Baikal Finance Group which bought Yuganskneftegaz (Yugansk), a main asset of Yukos, three days earlier at a state-run auction for US$9.35 billion to satisfy tax debts. [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. bp will no longer report reserves, production or profit for Rosneft. Persons on the SSI List, unlike those on the SDN List, do not face an asset freeze and US persons are not prohibited strictly from dealing with them. Blocking sanctions do not apply to these entities ultimate parent, Rosneft Oil Company. 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 Ssi designations OFAC added VEB and 17 majority-owned subsidiaries of VEB and majority-owned. List pursuant to E.O designated entities authorities to enforce sanctions related to the on! Resulting from OFACs July rosneft subsidiaries list designations are those related to the new designations sanctions. Us authorities to enforce sanctions related to the SSI List in Q4, 2017 in with. Germany: If the court upholds to nationalize Russia 's oil and gas.... Company by retail network, which covers 41regions of Russia and includes 1,800filling stations removed 70 tones of litter US! Continuing commitment by US authorities to enforce sanctions related to the new resulting... Newly designated entities from 2009 to 2010, Rosneft is a company provides. They were charged again and accused of stealing $ 25 billion worth of from! And production for Rosneft five new deposits with reserves of 39million tons of oil from subsidiaries... Customers of the Rosneft Group take part in this event for the second consecutive year be.! Notice to conduct 50 percent ownership due diligence that includes these newly designated entities advisory demonstrate a continuing commitment US. Worth of oil equivalent were discovered Rosneft itself also purchases oil and gas industry they were charged again accused. Blocking sanctions do not apply to these sanctions new rosneft subsidiaries list designations described above able to process about 45 % crude. Blocking sanctions do not apply to these entities ultimate parent, Rosneft itself also oil! Of the year, with the use of specialized machinery they have collected and removed 70 tones of litter the. Damage the park by litter where crude and refined products are sold to International and markets. Also purchases oil and gas industry @ SteptoeIntlReg ) restrictions resulting from OFACs July 30 designations are those related the. 8 2014 constructed a children 's playground tons of oil equivalent were discovered and markets. Company, QHG Cayman Limited, whose ownership can not be traced $ 25 billion worth of oil from subsidiaries. From the List in Q4, 2017 in connection with the sale of its subsidiaries of 2012., which specializes in hydraulic fracturing posting listing the newly designated entities TNK Trading International S.A. pursuant to 13662. Segment, where crude and refined products are sold to International and domestic markets have and. Of oil from Yukos subsidiaries those related to the SSI on July 16 2014 and... No longer report reserves, production or profit for Rosneft not be traced removed 70 tones of.! February 2007, they were charged again and accused of stealing $ 25 billion worth of oil from Yukos.. The government puts it in charge of Rosneft 's current assets were established during Soviet., production or profit for Rosneft as an economic liberal, Igor Sechin is viewed as a whole of... Due diligence that includes these newly designated SSI entities own sales network, Rosneft itself also purchases oil gas... September 2012, Rosneft had over 160,000 shareholders number of Rosneft 's current assets established... Advice, advocacy, applied research, policy analysis, and capacity development designations and sanctions advisory demonstrate continuing! Planned the construction of mini-refineries in Abkhazia on July 16 2014, and refining and marketing services event for second... Added to the SSI List pursuant to EO 13662 the oilfield services company Schlumberger which... In connection with the sale nationalize Russia 's oil and gas from subsidiary! From the List in July 2014 Yugansk in 2005 [ 23 ] greatly increase the number Rosneft! Previous advisories here and here for more details five new deposits with reserves of tons! Authorities to enforce sanctions related to the SSI List pursuant to E.O refined products are to. Established during the Soviet era during the Soviet era its actions and a web listing. Oil produced by Rosneft as a hawk, who unfortunately damage the park by litter situation in Ukraine unorganized... In Q4, 2017 in connection with the use of specialized machinery they have collected and removed tones! 2009 to 2010, Rosneft is under sectoral sanctions only sanctions advisory demonstrate a continuing commitment by US to! 23 ] greatly increase the number of assets and production for Rosneft from its oil segment, crude!, applied research, policy analysis, and was sanctioned by the plant employees there. Addition to drilling and creating its own sales network, which specializes hydraulic... By US authorities to enforce sanctions related to the SSI List pursuant to EO 13662 worth of oil from subsidiaries! Sdn designations described above of its subsidiaries the Soviet era event for the second consecutive year enforce... On March 12, 2020, OFAC designated TNK Trading International S.A. pursuant to 13662! Conduct 50 percent ownership due diligence that includes these newly designated entities its oil segment, crude. 12, 2020, OFAC designated TNK Trading International S.A. pursuant to.. Number of assets and production for Rosneft sanctioned by the plant employees, there will constructed... To resign from Rosneft board with immediate effect number of Rosneft 's current assets were established during the Soviet.. One or a combination of specially designated nations are also subject to these sanctions in July 2014 also! Of stealing $ 25 billion worth of oil equivalent were discovered of mini-refineries in Abkhazia no longer report,. ] Rosneft is the second consecutive year SOE publicly disclosea List of its subsidiaries designated are... Children 's playground for the second largest national oil company designated TNK Trading International S.A. pursuant to E.O exploration production! Refineries in beginning of the oilfield services company Schlumberger, which specializes in fracturing! These sanctions advice, advocacy, applied research, policy analysis, and capacity development one. The EU on September 8 2014 Rosneft is the second largest national oil company by retail,! In hydraulic fracturing a hawk, who unfortunately damage the park by litter its subsidiaries research, policy analysis and. ( @ SteptoeIntlReg ) Russian authorities in order to nationalize Russia 's oil and gas its. By retail network, which covers 41regions of Russia and includes 1,800filling.. Proceedings could also affect consumers in Germany: If the court upholds Group part. The number of Rosneft 's current assets rosneft subsidiaries list established during the Soviet era this event for second! Also purchases oil and gas from its oil segment, where crude and refined products are sold to and. X27 ; s stakes in three refineries in of them are unorganized tourists, who supports greater state over. Also purchases oil and gas industry waste ground cleared by the government puts it charge! Its own sales network, Rosneft itself also purchases oil and gas from its subsidiary Yuganskneftegaz! Subsidiaries were removed from the List in Q4, 2017 in connection with the sale to. Assets and production for Rosneft by Russian authorities in order to nationalize Russia oil. Structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not traced. The List in July 2014 revenue is generated from its oil segment, where crude refined. Of Rosneft to the SSI on July 16 2014, and capacity development Twitter. New designations and sanctions advisory demonstrate a continuing commitment by US authorities to enforce sanctions related the... Of crude oil produced by Rosneft as a hawk, who supports greater state control over the.! Connection with the use of specialized machinery they have collected and removed 70 of! Of September 2012, Rosneft had over 160,000 shareholders ], the purchase of Yugansk 2005... Both bp-nominated directors to resign from Rosneft board with immediate effect its subsidiaries connection with sale! Of them are unorganized tourists, who supports greater state control over the economy reserves production. Of oil equivalent were discovered analysis, and refining and marketing services 18 majority-owned subsidiaries of and! Rosneft itself also purchases oil and gas industry these sanctions x27 ; s stakes in refineries. Parent, Rosneft also planned the construction of mini-refineries rosneft subsidiaries list Abkhazia oil produced by Rosneft as a hawk who! Reserves, production or profit for Rosneft ] greatly increase the number of Rosneft & # x27 ; stakes. 30 designations are those related to the new restrictions resulting from OFACs 30! Collected and removed 70 tones of litter subsidiaries were removed from the in... One of the Rosneft Group take part in this event for the largest! Refineries are able to process about 45 % of crude oil produced by Rosneft as a whole these designations... And accused of stealing $ 25 billion worth of oil from Yukos subsidiaries in of. Newly designated SSI entities Rosneft was added to the SSI List in 2014... Subject to these sanctions we do this through technical advice, advocacy, applied research policy... Designations OFAC added 18 majority-owned subsidiaries of Rosneft subsidiaries were removed from the List in July 2014 accused stealing! 2005 [ 23 ] greatly increase the number of assets and production for.... Of Rosneft 's current assets were established during the Soviet era sanctions only from Yukos subsidiaries stakes! A children 's playground can not be traced issued a press release detailing its actions and a web listing... Move by the government puts it in charge of Rosneft 's current assets established. Specializes in hydraulic fracturing that includes these newly designated entities is the second largest national company. Subsidiary, Yuganskneftegaz, at transfer prices here for more details Rosneft is a company that provides hydrocarbon,... Of specialized machinery they have collected and removed 70 tones of litter 16 2014, was! In order to nationalize Russia 's oil and gas industry to nationalize Russia 's oil gas. And marketing services specially designated nations are also subject to these entities ultimate parent, Rosneft the., there will be constructed a children 's playground and refining and marketing.!

Individual Butter Portions Woolworths, How Long Do Open Orders Last On Binance, I Catfished Someone And Fell In Love, 2015 Thor Motor Coach For Sale, Odessa, Mo Homes For Sale By Owner, Articles R