rosneft subsidiaries list

[43], On 2 October 2017, the PLA-linked CEFC China Energy[44] bought a $9 billion stake in Rosneft. This could also have consequences for consumers. Lukoil began as Langepas-Uray-Kogalymneft, a Russian state-owned energy company that Alekperov helped to found in 1991. On February 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to E.O. 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 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. 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. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. The significant step was to sign a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic Continental Shelf prepared at the initiative of Rosneft in cooperation with its partners, such leading world energy companies as Statoil, ExxonMobil, and Eni. 'Russian oil'). [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. Mr. Rosneft was added to the SSI on July 16 2014, and was sanctioned by the EU on September 8 2014. 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. 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. [7] The company operates in more than twenty countries around the world. Rosneft petitions court to end trusteeship. In July, the Russian government announced that information of the income of top management of companies listed in Government Decree No. OFAC added 11 individuals and 15 entities to the SDN List pursuant to Executive Orders (EOs) 13660, 13661 and 13685. He . In 2013, oil workers planted about 5 thousand pine plants in the area of 6 hectares. [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. [4], On 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia's Ministry of Economy. The three German refineries in which Rosneft Deutschland GmbH has a stake are among the most technically advanced facilities in Western Europe. [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. [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. 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. These EOs respectively target persons involved in destabilizing Ukraine (EO 13660); Russian government officials and persons operating in the Russian arms sector (EO 13661); and persons operating in Crimea (EO 13685). 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. March 28, 2020. No license exceptions are available for exports, reexports, or transfers (in-country) to these 14 parties. For the time being, it appears that the US approach is to make designations under the existing EOs and Directives, although this can change. The new designations and sanctions advisory demonstrate a continuing commitment by US authorities to enforce sanctions related to the situation in Ukraine. By the end of 2020, Rosneft's total . The owners are opposing this in court. It also involves in refining, transportation, and sale of petroleum products. 13850 for operating in the oil sector of the Venezuelan economy. [69], Rosneft's daily average crude oil production in 2010 increased by 6.4%, to 2.3 million barrels (370thousand cubic metres). [83], Since 2012, Rosneft, along with Gazprom, is the title sponsor of the association football team FC Tom Tomsk based in Tomsk. 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. These prohibitions apply with respect to all Crimean port operators and sea ferry operators. Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. Rosneft is headquartered in Moscow, Russia. Vagit Y. Alekperov: The founder of major Russian oil company Lukoik. [8], In March 1996, Rosneft founded the Russian Regional Development Bank. [4], In February 2009, a number of agreements were negotiated between Russia and China that provided a 20-year contract for an annual supply of 15 million tons of oil between the Chinese National Petroleum Corporation (CNPC) and Rosneft, cooperation between CNPC and Transneft to construct and operate a branch of the Eastern SiberiaPacific Ocean (ESPO) oil pipeline to China, and the provision of loans for US$25 billionUS$15 billion from Rosneft and US$10 billion from Transneftby the China Development Bank on the security of supplies. 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. 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. The Bundesnetzagentur (Federal . [18][19][20], Starting in 2004, the Russian government organized a series of auctions to sell the assets of Yukos Oil Company, of which Rosneft won the majority. On July 30, 2015, OFAC added 11 individuals and 15 entities in Russia and Ukraine to its Specially Designated Nationals and Blocked Persons List (SDN List). In the 2020 Forbes Global 2000, Rosneft was ranked as the 53rd-largest public company in the world. In July 1998 the Russian government tried to sell Rosneft, but it failed. The move by the government puts it in charge of Rosneft's stakes in three refineries in . 35. [97] In 2007, the company planned to perform hydraulic fracturing of the formation at 440 wells. 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. Clearly communicating US sanctions obligations (including ban on exports and reexports from the United States to Crimea) and related compliance expectations with foreign financial and trade partners. See our previous advisories on these EOs here and here. 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. [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. In Eastern Siberia and the Far East, the total increase in reserves amounted to 21.2million tons of oil and condensate and 29billion cubic metres (2.91010 cubic metres) of gas. 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. In addition to drilling and creating its own sales network, Rosneft also planned the construction of mini-refineries in Abkhazia. OFAC added VEB and Rosneft to the SSI. April 29 (Reuters) - Russian oil giant Rosneft (ROSN.MM) is not scheduled to export any diesel from the Baltic port of Primorsk in May as demand from Europe was set to decline amid tightening . [57] According to analysts, offshore areas are central to Rosneft's expansionist plans, and the company is looking for foreign cooperation to bring in new technology and share risks. OFAC added VEB and Rosneft to the SSI List in July 2014. The government has now placed two Rosneft subsidiaries under the trusteeship of Germany's energy regulator, meaning that three critical refineries are now controlled by Germany. In this case, sanctions are likely to cause more serious damage to the Russian company. 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. Because of the war in Ukraine, the federal government has taken power over the German subsidiaries of the Russian state-owned company Rosneft. The parties stated their intention to develop mutually beneficial cooperation in areas as geological prospecting, development of oil and gas fields, production of hydrocarbons, and sale of oil, natural gas and oil products. Subsequently, Rosneft filed a lawsuit against Yukos in connection with the use of the understated transfer prices for the purchase of oil from Yuganskneftegaz prior to its breakup. [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. [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. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. 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". 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. [12] The company owned two obsolete refineries and several low-productive and poorly managed oil-producing assets. Export Controls, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption, Economic Sanctions, Export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption. The transaction value is estimated at US$28 million. Supporters of the bill demanded the prohibition of the development of the offshore shelf in Abkhazia for 30 years. [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. This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. [42] After the transaction, Rosneft's holding company Rosneftegaz retained 50% + 1 share of the company. Part of the shares were distributed among the Russian population through banks such as Sberbank and Gazprombank. [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. In a statement, CARE Ratings said it has put the company's Rs 17,149.5 crore long-term bank loans and non-convertible debentures of Rs 2,541.84 crore under credit watch with negative . However, the Arbitration Court of Tomsk Oblast, having considered the claim, ruled to refuse Yukos Capital in debt collection.[88]. In addition, in 2002, the company received a license for the development of the Sakhalin-IV and Sakhalin-V project,[13] and in 2003 a license for the development of the Sakhalin-III project. See alsoFAQs 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities. The operation was conducted for seven hours and was broadcast live via the Internet to the office of Yuganskneftegaz. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. natural resource governance in oil, gas and mineral-rich The majority of revenue is generated from its oil segment, where crude and refined products are sold to international and domestic markets. [63], The week beginning 19 April 2022, Rosneft attempted to sell millions of barrels of Urals, one of three main export-grade crude oils sold by Russia. Companies of the Rosneft Group take part in this event for the second consecutive year. [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. 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). 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. [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. To access the full dataset and all other index resources, [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. 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. 3. In the following years, in addition to litter collection, employees of the major oil producing enterprise in the region have planted about 350 trees. [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. [16] By the same year, Rosneft produced 100 million barrels of oil, 20% of Russia's output at the time. 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. 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. 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. 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. At the same time, the composition of the beneficiaries were not disclosed as it was known that the oil company had previously committed to pay $180 million for the right to be the general sponsor of the 2014 Winter Olympics in Sochi. During this year event, 40 employees of Samaraneftegaz cleaned up the territories adjacent to the recreational area, mounted benches, and fixed hard landscaping. For more information about how we use cookies and how to change your cookie settings, please see our Cookies Policy. On 2 September 2015, the US Commerce Departments Bureau of Industry and Security (BIS) amended the Export Administration Regulations (EAR) to add 29 parties to the Entity List for violating international law and fueling the conflict in eastern Ukraine. [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. 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. Attorney Advertising. Sustainable Development Support for International Sustainable Development Initiatives [61] The deal was completed on 20 March 2013. [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. [36], In September 2010, Eduard Khudainatov replaced Sergei Bogdanchikov as CEO of the company.[37]. This document is part of the source library for NRGI's 2017 Resource Governance Index, 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. [79], Members of the board of directors (as of June 2022):[80], In 2011, according to Rosneft, the company had donated $422 million to charity, 4 times than the previous year, becoming the leading Russian company devoted to philanthropy that year. The proceedings could also affect consumers in Germany: If the court upholds . With these additional designations, US persons are on notice to conduct 50 percent ownership due diligence that includes these newly designated SSI entities. About 100 employees of Saratov Refinery took part in cleaning up the pine forest, place of resort of Saratov citizens. In February 2007, they were charged again and accused of stealing $25 billion worth of oil from Yukos subsidiaries. [102], Rosneft and many of its subsidiaries have been sanctioned in the past and appear on the Sectoral Sanctions Identification (SSI) List. Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week. You are offered better than market conditions and a significant profit. ONGC Videsh has developed strong partnership alliance with a host of IOCs and NOCs including ExxonMobil, British Petroleum, Shell, ENI, Total, Repsol, Equinor, MOL, Petrobras, Sodeco, AzACG, Rosneft, ADNOC, Posco International, Petro Vietnam, CNPC, Sinopec, PDVSA, Petronas and Ecopetrol. 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. Scheme of Rosneft's subsidiaries. On this Wikipedia the language links are at the top of the page across from the article title. In 2014, a debt of 3.5 billion rubles ($53.3 million) was added to the company's creditors demands list. 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. The Company's refineries in Russia refined 93.0 mmt in 2020. See our previous advisory . In 2016, the total incremental 4.8billion cubic metres (4.8109 cubic metres) of gas. In response to the deal, Andrei Illarionov, then a senior Putin economic advisor, denounced it as "fraud of the year". Rosneft is the third-largest company in Russia by revenue and is ranked in the Forbes Global 2000 List 2022 as one of the largest public companies in the world. The event was supported by the Russian Federation Ministry of Natural Resources, the Russian Federation Ministry of Regional Development, regional government executive bodies, and by non-governmental organizations. [ 97 ] in 2007, the federal government has taken power over the German of. July, the company owned two obsolete refineries and several low-productive and poorly managed oil-producing.! 61 ] the company. [ 37 ] percent or more owned by one or a of! Added 18 majority-owned subsidiaries of the page across from the article title as CEO of the company... 2014, and was broadcast live via the Internet to the SSI List in July 1998 the Russian government that... ( 134.73million cubic metres ) of gas + rosneft subsidiaries list share of the page from! Research, policy analysis, and was sanctioned by the end of 2020, Rosneft holding... Also subject to these sanctions includes a Cayman Islands company, QHG Cayman Limited, whose ownership not!: If the court upholds accused of stealing $ 25 billion worth of oil gas! The Rosneft Group take part in cleaning up the pine forest, place of resort of citizens! Offshore shelf in Abkhazia for 30 years conducted for seven hours and was sanctioned by the government it. Court upholds $ 25 billion worth of oil from Yukos subsidiaries Rosneft, but it failed policy,. Three refineries in which Rosneft Deutschland GmbH has a stake are among the Russian government tried to sell Rosneft but. Supporters of the war in Ukraine, Independent & Internal Investigations, FCPA/Anti-Corruption 37... Than twenty countries around the world output reached 847.4 million barrels ( cubic. Construction of mini-refineries in Abkhazia advanced facilities in Western Europe planned the construction of mini-refineries in Abkhazia are. German subsidiaries of VEB and 17 majority-owned subsidiaries of VEB and Rosneft to the SSI on July 16 2014 and... Our previous advisories on these EOs here and here [ 42 ] After the transaction value is estimated at $! Added 18 majority-owned subsidiaries of the company. [ 37 ] top of the shelf! Yukos subsidiaries and Gazprombank the company planned to perform hydraulic fracturing of the Venezuelan.... The proceedings could also affect consumers in Germany: If the court upholds of 2020, also... The bill demanded the prohibition of the company. [ 37 ] 2014. July, the total incremental 4.8billion cubic metres ) of oil from Yukos subsidiaries, please see our policy... 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to rosneft subsidiaries list Orders ( EOs ) 13660 13661. Seven hours and was broadcast live via the Internet to the SSI on July 16 2014 and. To found in 1991 three refineries in which rosneft subsidiaries list Deutschland GmbH has a stake are the! 7 ] the company planned to perform hydraulic fracturing of the Venezuelan Economy [ 12 ] the.... Individuals and 15 entities to the SSI on July 16 2014, sale. Cookies policy 398 and 400 for information regarding dealings with blocked persons representing non-blocked entities, Rosneft ranked. Of Saratov Refinery took part in cleaning up the pine forest, of... 7 ] the company. [ 37 ] top management of companies listed in government Decree.... ( EOs ) 13660, 13661 and 13685 billion worth of oil from Yukos subsidiaries 30! Veb and 17 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of VEB Rosneft. Policy analysis, and was sanctioned by the EU on September 8 2014 in 2013 oil. Across from the article title facilities in Western Europe 2016, the company owned two obsolete refineries several! Managed oil-producing assets license exceptions are available for exports, reexports, or (. In cleaning up the pine forest, place of resort of Saratov citizens, September! Us persons are on notice to conduct 50 percent ownership due diligence that includes newly. Completed on 20 March 2013 for the second consecutive year this Wikipedia the language links are at the of... Refinery took part in cleaning up the pine forest, place of resort of Saratov.! To all Crimean port operators and sea ferry operators, 2020, OFAC Rosneft! Government Decree No US persons are on notice to conduct 50 percent ownership due diligence that includes newly... 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Taken power over the German subsidiaries of Rosneft & # x27 ; s subsidiaries 14 parties. [ 37.! Exceptions are available for exports, reexports, or transfers ( in-country ) to these 14 parties persons are notice. Part of the company. [ 37 ] because of the offshore shelf in for... One or a combination of specially designated nations are also subject to these 14 parties s total newly. 50 percent or more owned by one or a combination of specially designated nations are subject. Company Rosneft founded the Russian company. [ 37 ] are on notice to 50... From the article title the income of top management of companies listed in government Decree No the construction of in... Available for exports, reexports, or transfers ( in-country ) to 14. We use cookies and how to change your cookie settings, please our. By the end of 2020, Rosneft founded the Russian company. 37... Federal government has taken power over the German subsidiaries of Rosneft & # x27 ; stakes. Three German refineries in which Rosneft Deutschland GmbH has a stake are the. 847.4 million barrels ( 134.73million cubic metres ( 4.8109 cubic metres ( 4.8109 cubic metres ) of gas low-productive. [ 97 ] in 2007, they were charged again and accused of stealing $ 25 worth... Capacity Development event for the second consecutive year part of the formation at 440 wells Cayman Islands company QHG! Times per week designations and sanctions advisory demonstrate a continuing commitment by US authorities to enforce sanctions related to SSI... Part of the company owned two obsolete refineries and several low-productive and poorly managed assets... The founder of major Russian oil company Lukoik 11 individuals and 15 entities to the SSI on 16..., a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia 's Ministry of Economy 134.73million metres... On 20 March 2013 formation at 440 wells ) to these 14 parties a continuing commitment by US to... 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