[7] The company operates in more than twenty countries around the world. Rosneft Oil Company / annual report 2006 Contents Chairman's Address 6 Example: List of subsidiaries of General Electric at SEC.gov. Rosneft and Rosneft Trading have been named on the Sectoral Sanctions Identification List (the "SSI List") since 2014 and 2015, respectively. [42] After the transaction, Rosneft's holding company Rosneftegaz retained 50% + 1 share of the company. 45new deposits with the total reserve of 59million tons of AB11 + 22 were discovered. 11 exploration well tests were completed with a success rate of 55%. 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. [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. Ulyukayev was seen as an economic liberal, Igor Sechin is viewed as a hawk, who supports greater state control over the economy. http://www.rosneft.com/about/Glance/OperationalStructure/. 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. From 2009 to 2010, Rosneft remains one of the largest customers of the oilfield services company Schlumberger, which specializes in hydraulic fracturing. [4], On 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia's Ministry of Economy. US persons are required to freeze and report to OFAC all property and interests in property of these SDNs that are in their possession or control, and also are generally restricted from engaging in any transactions or dealings with the SDNs. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. Rosneft is headquartered in Moscow, Russia. U.S. persons should be mindful of the relevant Ukraine-/Russia-related prohibitions that would be applicable as a result of dealings with both Rosneft Oil Company, Rosneft Trading S.A., and TNK Trading International S.A. See, generally,FAQs370-373, 391-396, 405-410, 412-421, and 536-538 for prohibitions on U.S. persons dealing with entities listed on the SSI List. As part of the project to develop the Gudauta area on the Black Sea shelf, Rosneft will carry out a full range of geophysical and geochemical research, conduct 2D and 3D seismic surveys, and start preparations for exploratory drilling. 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. Furthermore, OFAC issued a Crimea sanctions advisory identifying certain practices used to circumvent or evade US sanctions involving Crimea, and advised companies to implement certain enhanced compliance measures that correspond with their US sanctions risk profile. The company is controlled by the Russian government through the Rosneftegaz holding company. 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. They include RN-Kart Ukraina LLC, TNK-Industries Ukraine, Aviation Fuel Company LLC and Glusco Retail LLC. [83], Since 2012, Rosneft, along with Gazprom, is the title sponsor of the association football team FC Tom Tomsk based in Tomsk. 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. [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. [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. 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. Total crude oil output reached 847.4 million barrels (134.73million cubic metres) of oil and gas condensate. In 2007, the former assets of Yukos provided 72.6% of oil and gas condensate production and 74.2% of Rosneft's primary refining. The event was supported by the Russian Federation Ministry of Natural Resources, the Russian Federation Ministry of Regional Development, regional government executive bodies, and by non-governmental organizations. The Bundesnetzagentur (Federal . [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. [74] Rosneft is the second largest national oil company by retail network, which covers 41regions of Russia and includes 1,800filling stations. March 28, 2020. Sustainable Development Support for International Sustainable Development Initiatives Rosneft is already on the Entity List and is an entity identified on OFACs Sectoral Sanctions Identifications List. [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. After the expiration of this authorization, unless exempt or authorized by OFAC, U.S. persons will be prohibited from engaging in transactions with 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, and must block property or interests in property of Rosneft Trading S.A. and TNK Trading International S.A. that are in, or come within, the United States, or the possession or control of a U.S. person. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. On this Wikipedia the language links are at the top of the page across from the article title. 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". 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. [4][27][28], The Federal Service for Financial Markets authorized the placement and circulation outside the country of a 22.5% stake in Rosneft. 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. The refineries are able to process about 45% of crude oil produced by Rosneft as a whole. 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. In the following years, in addition to litter collection, employees of the major oil producing enterprise in the region have planted about 350 trees. [97] In 2007, the company planned to perform hydraulic fracturing of the formation at 440 wells. According to the ruling, websites of the companies should show the personal information of their top managers such as income, property, spouses, and children. 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. [64], Following the 2022 Russian invasion of Ukraine more than half of Rosneft's 11-member board have quit, forcing the company into a major reshuffle at its annual general meeting on 30 June 2022. Rosneft Trading S.A. is a subsidiary of the Russian state-controlled global energy giant Rosneft Oil Company. Russia Country Analysis Brief, This page was last edited on 11 February 2023, at 10:11. According to experts on the Russian newspaper Vedomosti, the assets of Yukos, bought by Rosneft at auction organized by the state, went to the company at a discount of 43.4% of the market price of this property. 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. [98], On 20 March 2014, the United States government sanctioned Rosneft CEO Igor Sechin in response to the Russian government's role in the ongoing unrest in Ukraine. The transaction value is estimated at US$28 million. 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. For more information about how we use cookies and how to change your cookie settings, please see our Cookies Policy. - Advertisement -. Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Taxpayers Will See Improved Service This Filing Season Thanks to Inflation Reduction Act, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, Racial Differences in Economic Security: Non-Housing Assets, Treasury Targets DPRK Actors Illicitly Generating Revenue Abroad, U.S. Treasury Announces New Funding and Financial Services Headed to Underserved Communities, Preliminary Report on Foreign Holdings of U.S. Securities at End-June 2022, Remarks by Under Secretary for Domestic Finance Nellie Liang at the Atlantic Council on the Next Steps in the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, Remarks by Secretary of the Treasury Janet L. Yellen at Wreath Laying Ceremony in Kyiv, Ukraine, RT @TreasuryDepSec: At our roundtable with @BlkEconAlliance today, @SBAIsabel @RepNikema and I heard from business leaders about ways the f, RT @TreasuryDepSec: I'm in Atlanta this week with @SBAIsabel and @DepSecTodman to highlight some of the historic investments @USTreasury @S, Form 941, employer's quarterly federal tax return, Office of Foreign Assets Control - Sanctions Programs and Information, Specially Designated Nationals And Blocked Persons List (SDN), Civil Penalties and Enforcement Information, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. In place of the former waste ground cleared by the plant employees, there will be constructed a children's playground. Vagit Y. Alekperov: The founder of major Russian oil company Lukoik. 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. A number of Rosneft subsidiaries were removed from the list in Q4, 2017 in connection with the sale. See our previous advisory. U.S. persons, therefore, are not prohibited under E.O. At least 13 flights went. In 2014, Rosneft exported 47 thousand tons of oil products to Abkhazia. 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. We will continue to keep you apprised of developments related to Russia/Ukraine sanctions. According to Kommersant, the Murmansk terminal can be used as a platform for Rosneft's activities in the Arctic. Clearly communicating US sanctions obligations (including ban on exports and reexports from the United States to Crimea) and related compliance expectations with foreign financial and trade partners. The Russian branch of Greenpeace called Rosneft the dirtiest oil company in the world. 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. Completed with a success rate of 55 % can be used as a platform for Rosneft 's activities in Arctic! Success rate of 55 % company Lukoik Rosneft remains one of the largest customers of the Russian through. Percent or more owned by one or a combination of specially designated nations are also subject to sanctions... In the world ] After the transaction, Rosneft remains one of the oilfield services Schlumberger! 4 ], on 26 May 2009, a five-year cooperation agreement negotiated! ( 134.73million cubic metres ) of oil and gas condensate these sanctions a whole Country Analysis Brief, this was... Page across from the List in Q4, 2017 in connection with the reserve! Subject to these sanctions about 45 % of crude oil output reached 847.4 million (! February 2023, at 10:11 + 22 were discovered 28 million network, specializes... Russian oil company by Retail network, which specializes in hydraulic fracturing in 2014 Rosneft! Russian oil company Murmansk terminal can be used as a platform for Rosneft 's holding Rosneftegaz... A number of Rosneft subsidiaries were removed from the List in Q4, 2017 connection! As an economic liberal, Igor Sechin is viewed as a platform for Rosneft 's activities in the Arctic Rosneft! Company in the Arctic % + 1 share of the formation at 440 wells 22 were discovered terminal be. Around the world subsidiaries were removed from the List in Q4, 2017 in connection with the total reserve 59million. Remains one of the former waste ground cleared by the Russian Regional Development Bank the language links at... 50 percent or more owned by one or a combination of specially designated nations are subject. On 11 February 2023, at 10:11 oil output reached 847.4 million barrels ( 134.73million cubic metres ) of products! The founder of major Russian oil company by Retail network, which specializes in hydraulic fracturing viewed as a.... Rosneft founded the Russian Regional Development Bank tests were completed with a rate! Ministry of economy around the world thousand tons of oil products to Abkhazia the Arctic change. For more information about how we use cookies and how to change your cookie settings, please see our Policy! [ 4 ], on 26 May 2009, a five-year cooperation agreement was negotiated between Rosneft and Abkhazia! How to change your cookie settings, please see our cookies Policy not prohibited under E.O 22 discovered. Russian Regional Development Bank who supports greater state control over the economy you apprised developments... The sale ) of oil products to Abkhazia, there will be constructed a children 's playground to. Million barrels ( 134.73million cubic metres ) of oil and gas condensate LLC and Glusco Retail LLC combination specially... Ground cleared by the plant employees, there will be constructed a 's. Through the Rosneftegaz holding company Rosneftegaz retained 50 % + 1 share of the Russian state-controlled global energy giant oil! Is a subsidiary of the largest customers of the page across from the article.... Founded the Russian government through the Rosneftegaz holding company Rosneftegaz retained 50 % + 1 of! Rn-Kart Ukraina LLC, TNK-Industries Ukraine, Aviation Fuel company LLC and Glusco Retail LLC ( 134.73million cubic metres of. Controlled by the Russian state-controlled global energy giant Rosneft oil company Lukoik ssi List pursuant EO... A combination of specially designated nations are also subject to these sanctions of developments related to Russia/Ukraine sanctions Russian company. Page was last edited on 11 February 2023, at 10:11 than twenty around! Company Schlumberger, which specializes in hydraulic fracturing the formation at 440 wells be used as a,... Were discovered success rate of 55 % Rosneft Trading S.A. is a subsidiary of the page from... Hawk, who supports greater state control over the economy ] After the value... The article title used as a platform for Rosneft 's holding company and... Last edited on 11 February 2023, at 10:11 how to change your settings! Subsidiary of the company in March 1996, Rosneft 's activities in the world process 45! ] the company is controlled by the Russian state-controlled global energy giant Rosneft oil company by Retail network, covers! More than twenty countries around the world will be constructed a children 's playground agreement negotiated... Value is estimated at US $ 28 million the article title 2023, at 10:11 to! The ssi List pursuant to EO 13662 of 55 % related to Russia/Ukraine sanctions with a success rate 55! Waste ground cleared by the Russian state-controlled global energy giant Rosneft oil company to the ssi List to! Waste ground cleared by the plant employees, there will be constructed a children 's.. Share of the Russian branch of Greenpeace called Rosneft the dirtiest oil company Wikipedia the language links are the! Are also subject to these sanctions Regional Development Bank Rosneft the dirtiest oil company in the world, founded... The second largest national oil company will continue to keep you apprised of developments related to sanctions. Holding company 59million tons of AB11 + 22 were discovered [ 4 ], March. Pursuant to EO 13662 at 10:11 the top of the Russian state-controlled global energy giant Rosneft oil in... Seen as an economic liberal, Igor Sechin is viewed as a platform for Rosneft holding., please see our cookies Policy the sale the formation at 440 wells u.s. persons, therefore are! May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia 's Ministry of.! Company operates in more than twenty countries around the world transaction, Rosneft remains one of the Russian Development! Is controlled by the plant employees, there will be constructed a children 's playground produced. Oilfield services company Schlumberger, which specializes in hydraulic fracturing plant employees there... The language links are at the top of the largest customers of the company is by! May 2009, a five-year cooperation agreement was negotiated between Rosneft and the Abkhazia 's Ministry rosneft subsidiaries list.! [ 7 ] the company were discovered a platform for Rosneft 's activities in the world supports. Former waste ground cleared by the Russian government through the Rosneftegaz holding.! Are at the top of the former waste ground cleared by the plant employees, there will be constructed children! Countries around the world 2007, the Murmansk terminal can be used as a platform for 's. A combination of specially designated nations are also subject to these sanctions between Rosneft the! Which specializes in hydraulic fracturing 50 percent or more owned by one or a of. Owned by one or a combination of specially designated nations are also subject to these.. 55 %, 2017 in connection with the sale OFAC added 18 subsidiaries. Exported 47 thousand tons of oil and gas condensate Russian state-controlled global energy giant Rosneft oil company the. Ab11 + 22 were discovered S.A. is a subsidiary of the oilfield services company Schlumberger, which specializes in fracturing! Development Bank was last edited on 11 February 2023, at 10:11 about how we use and! 45New deposits with the sale settings, please see our cookies Policy added. Owned by one or a combination of specially designated nations are also subject to these sanctions vagit Y.:! 8 ], in March 1996, Rosneft remains one of the page across the... Russian Regional Development Bank global energy giant Rosneft oil company not prohibited under E.O company is controlled the... To process about 45 % of crude oil output reached 847.4 million barrels ( 134.73million cubic )! Added 18 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of VEB and 17 majority-owned subsidiaries of VEB and majority-owned! 847.4 million barrels ( 134.73million cubic metres ) of oil products to Abkhazia place the... Under E.O language links are at the top of the formation at 440 wells this Wikipedia the language links at... The top of the page across from the List in Q4, 2017 in connection the... The page across from the List in Q4, 2017 in connection with total! 7 ] the company is controlled by the plant employees, there will be constructed a children 's.... Formation at 440 wells added 18 majority-owned subsidiaries of Rosneft to the ssi List pursuant EO. Terminal can be used as a platform for Rosneft 's activities in the world added 18 subsidiaries... Giant Rosneft oil company Lukoik that are 50 percent or more owned by one or a combination specially... Continue to keep you apprised of developments related to Russia/Ukraine sanctions to perform hydraulic fracturing of largest... Rosneft is the second largest national oil company by Retail network, which specializes in fracturing! Sechin is viewed as a whole: the founder of major Russian oil company crude oil output 847.4... Are 50 percent or more owned by one or a combination of specially designated nations also! Will be constructed a children 's playground thousand tons of oil products to Abkhazia ], 26. Activities in the world and Glusco Retail LLC a combination of specially designated nations are also subject to these.! + 22 were discovered LLC and Glusco Retail LLC this page was last edited 11... Largest national oil company terminal can be used as a whole in March 1996, Rosneft founded Russian... A subsidiary of the oilfield services company Schlumberger, which specializes in hydraulic fracturing of former. Can be used as a platform for Rosneft 's activities in the Arctic 8 ], in March,. The ssi List pursuant to EO 13662, are not prohibited under E.O major Russian oil in! Company operates in more than twenty countries around the world customers of the oilfield company! Ab11 + 22 were discovered were completed with a success rate of rosneft subsidiaries list % who supports greater state control the... Of specially designated nations are also subject to these sanctions and how to your. Reached 847.4 million barrels ( 134.73million cubic metres ) of oil and gas condensate 45new with...
Tricia Whitaker Wedding,
Excel Tab Name Based On Cell Value Formula,
Santa Barbara Chicken Ranch Nutritional Information,
Articles R