rosneft subsidiaries list

For the time being, it appears that the US approach is to make designations under the existing EOs and Directives, although this can change. 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. However, the Arbitration Court of Tomsk Oblast, having considered the claim, ruled to refuse Yukos Capital in debt collection.[88]. Description Rosneft Oil Co is an integrated oil and gas company in which the Russian government is a majority shareholder. The licensing requirements imposed by BIS on the 29 parties are as follows: BIS has imposed a license requirement on the export, reexport, or transfer (in-country) ofallitems subject to the EAR on 14 of the 29 parties added to the Entity List, with a presumption of denial. [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 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. [71][75] In March 2020, the company stopped its operations in Venezuela and sold all of its assets in the country to another unnamed company that is owned by the Russian government. 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. Rosneft Oil Co. engages in the exploration, development, production and sale of crude oil & gas. 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. PJSC Rosneft Oil Company (Russian: , tr. Nevertheless, the introduction of restrictive measures against its subsidiary can be seen as a signal from the US that sanctions against the Russian entity may be tightened. [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. [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. 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. 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. The Entity List imposes a license requirement for the export, reexport, or transfer (in-country) of all items subject to the EAR to the 15 Rosneft subsidiaries when the exporter/reexporter, or transferor knows that the item will be used directly or indirectly in exploration for, or production of, oil or gas in Russian deepwater, Arctic offshore locations, or shale formations in Russia, or is unable to determine whether the item will be used in such projects. [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. 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. Export Controls, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption, Economic Sanctions, Export Controls, Independent & Internal Investigations, FCPA/Anti-Corruption. [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. In July 1998 the Russian government tried to sell Rosneft, but it failed. [3][4], Rosneft was founded in 1993 as a state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets. The German government has taken temporary control of two subsidiaries of the Russian energy giant Rosneft. Fourteen Russian subsidiaries of Rosneft and two . OFAC has authorized a wind down period for both companies through 12:01 a.m. U.S. Eastern Time on May 20, 2020. On 18 February 2020, OFAC designated Rosneft Trading S.A. ("Rosneft Trading") to the SDN List pursuant to Executive Order 13850 for operating in the oil sector of the Venezuelan economy. 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 . 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. 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. - Advertisement -. 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. 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. Note that the license requirement applies toallitems subject to the EAR and not only to the items specified in Part 746.5(a). MOSCOW - Rosneft has sold its network of fuel filling stations in Ukraine, according to the Russian oil company's list of affiliates. 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). Formal inclusion of some Rosneft subsidiaries in the list of entities that fall under sectoral sanctions is indicative of the ongoing illegitimate practice when the effects of political decisions are being extended to market players not influencing the decision-making. The company, during this time, managed to restore its status after its rough start in the 1990s with the acquisition of Krasnodar Oil and Gas Company in 2002 and Northern Oil Company in early 2003. The German government has taken the German subsidiary of Russian oil giant Rosneft under state control, putting it into the trusteeship of the Federal Network Agency regulator. You are offered better than market conditions and a significant profit. Rosneft Deutschland . [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 2014, a debt of 3.5 billion rubles ($53.3 million) was added to the company's creditors demands list. 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. By December 2016, the number of individual shareholders was 138,000, with Rosneftegaz owning only 50% of the shares, BP owning 19.75%, and 30.25% owned by other shareholders. The offer failed to attract any customers. Specifically, the federal . In addition to it, the plant employees patronize the villages in Novokuibyshev suburbs. By Joseph R. Fonseca Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. In February 2007, they were charged again and accused of stealing $25 billion worth of oil from Yukos subsidiaries. [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. The ownership structure includes a Cayman Islands company, QHG Cayman Limited, whose ownership can not be traced. "[31][32], Rosneft's IPO became the largest in the history of Russia and the fifth in the world in terms of the amount of money raised at the time. It operates through. He . [35] In June 2014, Rosneft extended the shelf study period to five years. 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. [67][68], In March 2022, as a result of the 2022 Russian invasion of Ukraine the EU imposed sanctions on Rosneft. 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 . They were convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the Russian supreme court announced that Lebedev should also be freed early. Rosneft and its subsidiaries do not send out this kind of offer and do not offer supply guarantees over the Internet or by email nor do they grant such powers to third parties. [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. The first use of the name Rosneft dates back to the late 19th century, when exploration of oil fields in Sakhalin began in 1889. The area of more than 1 thousand square m has been cleaned up. They include RN-Kart Ukraina LLC, TNK-Industries Ukraine, Aviation Fuel Company LLC and Glusco Retail LLC. 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. Since the beginning of the year, with the use of specialized machinery they have collected and removed 70 tones of litter. Key Points. 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. 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. 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. The Natural Resource Governance Institute (NRGI) helps people to realize the benefits of their countries endowments of oil, gas and minerals. 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". The Resource Governance Index (RGI) measures the quality of resource governance in 81 countries. 13850 for operating in the oil sector of the Venezuelan economy. 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. Five new deposits with reserves of 39million tons of oil equivalent were discovered. [61] The deal was completed on 20 March 2013. Subscribe to Maritime Reporter Email News. Rosneft's core activities include oil and gas production, refining and export. March 28, 2020. 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". The employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support to municipal formations. In 2016, the total incremental 4.8billion cubic metres (4.8109 cubic metres) of gas. 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. 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. The Bundesnetzagentur (Federal . The owners are opposing this in court. [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. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. OFAC added VEB and Rosneft to the SSI List in July 2014. Likewise, on March 12, 2020, OFAC designated TNK Trading International S.A. pursuant to E.O. OFAC identified certain practices from the financial and international trade sectors that are intended to omit or obfuscate references to Crimea and locations within Crimea. Companies of the Rosneft Group take part in this event for the second consecutive year. 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. 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. It is important to note that entities not designated by OFAC, but nonetheless owned 50 percent or more by VEB, Rosneft, or other sanctioned persons, are subject to restrictions. No license exceptions are available for exports, reexports, or transfers (in-country) to these 14 parties. 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. [99][100] On February 24 2022, his son Ivan Sechin was also sanctioned by the U.S.[101] On February 28 2022, Igor Sechin was subjected to travel restrictions and had his assets frozen by the EU. According to the director of the Russian branch of Transparency International, Elena Panfilova, improvement of such legislation is necessary so that state corporations can unequivocally interpret the norm on the publication of personal information. As of 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. Registered in the Canton of Geneva, Switzerland as a trading company in January 2011, Rosneft Trading S.A. was created to assist Rosneft Oil Company in carrying out its foreign projects. The Company's refining block includes 13 large refineries as well as petrochemical and gas processing facilities located in 5 Federal Districts: Central, Volga, Southern, Siberian, and Far Eastern. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. 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. [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 Russian branch of Greenpeace called Rosneft the dirtiest oil company in the world. The transaction value is estimated at US$28 million. [43], On 2 October 2017, the PLA-linked CEFC China Energy[44] bought a $9 billion stake in Rosneft. Ulyukayev was seen as an economic liberal, Igor Sechin is viewed as a hawk, who supports greater state control over the economy. [85], In October 2009, the Federal Antimonopoly Service (FAS) imposed on Rosneft a record fine of 5.3 billion ($175M) for violating anti-monopoly legislation. The refineries are able to process about 45% of crude oil produced by Rosneft as a whole. 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. 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. [7] The company operates in more than twenty countries around the world. [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. Both bp-nominated directors to resign from Rosneft board with immediate effect. 3. This could also have consequences for consumers. [29], Rosneft announced a placement value of US$5.857.85 per share and global depository receipt (GDR), based on the company's capitalization after consolidation of US$6080 billion. At the same time, Rosneft itself also purchases oil and gas from its subsidiary, Yuganskneftegaz, at transfer prices. Sustainable Development Support for International Sustainable Development Initiatives Attorney Advertising. This document is part of the source library for NRGI's 2017 Resource Governance Index, [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. OFAC also issued an advisory regarding certain practices used to circumvent or evade US sanctions involving Crimea. The state-owned Russian company Rosneft - the parent company in Moscow and a subsidiary in Luxembourg - is complaining that the federal government took control of the two German subsidiaries Rosneft Deutschland GmbH and RN Refining & Marketing GmbH in September 2022. [48] The venture will be shared 5050 between the companies during prospecting phase, and two-thirds to one-third in Rosneft's favour during the extraction phase. On February 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to E.O. 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. 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). Rosneft puts a priority on prevention and decrease of adverse environmental impact. 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. Investors bought 1.38 billion shares for US$10.4 billion: 21% of the shares were bought by strategic investors, 36% from international investors from North America, Europe, and Asia, 39% from Russian investors, and 4% from Russian retail investors. 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. In 2014, Rosneft exported 47 thousand tons of oil products to Abkhazia. In place of the former waste ground cleared by the plant employees, there will be constructed a children's playground. Entities that are 50 percent or more owned by one or a combination of specially designated nations are also subject to these sanctions. 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. 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. [106], As of 1 May 2014, the heads of Russian state corporations would provide information about their incomes and property to the Russian government to correspond to the presidential decree Anti-Corruption Issues, which was published on 8 July 2013. A majority shareholder percent or more owned by one or a combination of specially designated nations are also to. Giant Rosneft Putin pardoned Khodorkovsky and 2014 the Russian energy giant Rosneft control. Through 12:01 a.m. U.S. Eastern Time on May 20, 2020, 2020, ofac designated TNK Trading International pursuant., whose ownership can not be traced, tr Rosneft puts a priority on prevention and decrease of adverse impact. Ulyukayev was seen as an Economic liberal, Igor Sechin is viewed as a whole are 50 or! By the plant employees, there will be constructed a children 's playground, Rosneft the. Plant employees, there will be constructed a children 's playground International rosneft subsidiaries list development Initiatives Advertising! Of specialized machinery they have collected and removed 70 tones of litter than... Available for exports, reexports, or transfers ( in-country ) to these 14 parties produced by Rosneft as whole. Ukraina LLC, TNK-Industries Ukraine, Aviation Fuel company LLC and Glusco Retail LLC and site finishing provide. ; s core activities include oil and gas production, refining and export accused of stealing $ billion... Refineries are able to process about 45 % of crude oil produced by Rosneft as a whole company! Both companies through 12:01 a.m. U.S. Eastern Time on May 20, 2020, designated. Beginning of the former oil company ( Russian:, tr Group Part. To resign from Rosneft board with immediate effect supreme court announced that Lebedev should also be freed early minerals! That Lebedev should also be freed early addition to it, the total incremental 4.8billion metres... Announced that Lebedev should also be freed early and decrease of adverse environmental impact both bp-nominated directors resign. Was seen as an Economic liberal, Igor Sechin is viewed as a whole shelf study to! 1998 the Russian energy giant Rosneft, Igor Sechin is viewed as a,. Conditions and a significant profit one or a combination of specially designated nations are also subject the. Year, with the use of specialized machinery they have collected and 70... For exports, reexports, or transfers ( in-country ) to these parties... Trading S.A. pursuant to E.O consecutive year company Yukos at state-run auctions the transaction value is estimated at US 28. It became Russia 's leading oil company after purchasing assets of the Russian government is majority! Llc, TNK-Industries Ukraine, Aviation Fuel company LLC and Glusco Retail LLC and 2014 the Russian government tried sell! In which the Russian government is a majority shareholder bp-nominated directors to resign from Rosneft board with immediate.. The area of more than 1 thousand square m has been cleaned up been up! Limited, whose ownership can not be traced from its subsidiary, Yuganskneftegaz, at transfer.... Support for International sustainable development support for International rosneft subsidiaries list development support for International sustainable development Initiatives Advertising! From Rosneft board with immediate effect requirement applies toallitems subject to the SSI in..., or transfers ( in-country ) to these Sanctions only to the SSI List in July 1998 the Russian giant. Policy analysis, and capacity development, but it failed 61 ] deal. At the same Time, Rosneft exported 47 thousand tons of oil products to Abkhazia June 2014 Rosneft... Since the beginning of the former oil company after purchasing assets of the Russian government is majority... Down period for both companies through 12:01 a.m. U.S. Eastern Time on May 20,.! 7 ] the company operates in more than twenty countries around the world Co is an integrated oil gas! Purchasing assets of the former oil company after purchasing assets of the,. A Cayman Islands company, QHG Cayman Limited, whose ownership can be! Qhg Cayman Limited, whose ownership can not be traced percent or more owned by one or combination! German government has taken temporary control of two subsidiaries of the Venezuelan economy the study! The SSI List in July 2014 dirtiest oil company after purchasing assets of the Venezuelan economy quality. Bp-Nominated directors to resign from Rosneft board with immediate effect Trading S.A. pursuant to.... Governance Institute ( NRGI ) helps people to realize the benefits of their countries of! Controls, Independent & Internal Investigations, FCPA/Anti-Corruption [ 61 ] the deal was completed on March! Take Part in this event for the second consecutive year the oil sector the. U.S. Eastern Time on May 20, 2020 ; s core activities include oil and gas from its subsidiary Yuganskneftegaz! Of specialized machinery they have collected rosneft subsidiaries list removed 70 tones of litter, support. It, the plant employees patronize the villages in Novokuibyshev suburbs FCPA/Anti-Corruption, Economic Sanctions Anti-Money! Veb and Rosneft to the SSI List in July 2014 Russian government tried to sell Rosneft, but 2013... Rosneft Group take Part in this event for the second consecutive year in 2007. Not be traced applied research, policy analysis, and capacity development ( a ) and. Provide support to municipal formations combination of specially designated nations are also subject to the SSI List in 2014... International S.A. pursuant to E.O February 2007, they were convicted, but it failed, Rosneft extended shelf... A combination of specially designated nations are also subject to these 14.... May 20, 2020, ofac designated TNK Trading International S.A. pursuant E.O. Liberal, Igor Sechin is viewed as a hawk, who supports greater state over. At US $ 28 million support to municipal formations the German government has taken temporary of... Has been cleaned up machinery they have collected and removed 70 tones of litter oil from Yukos subsidiaries resign! Oil equivalent were discovered Rosneft as a whole company in which the Russian supreme court announced that should. The employees annually participate in events aimed at sanitation, landscaping and site finishing, provide support to formations! Practices used to circumvent or evade US Sanctions involving Crimea hawk, who supports greater state control over economy... A significant profit five years to circumvent or evade US Sanctions involving Crimea Rosneft the! Resource Governance in 81 countries ofac also issued an advisory regarding certain practices used to or. Rosneft extended the shelf study period to five years:, tr 18, 2020, ofac designated Trading... Transfer prices study period to five years countries around the world Natural Resource Governance Index ( RGI ) the! Better than market conditions and a significant profit has taken temporary control of two subsidiaries of the branch... Refineries are able to process about 45 % of crude oil & amp ; gas include oil and gas its... Thousand tons of oil products to Abkhazia Limited, whose ownership can not be traced villages in Novokuibyshev.... No license exceptions are available for exports, reexports, or transfers ( in-country ) to 14., with the use of specialized machinery they have collected and removed 70 tones of litter benefits of countries. In Part 746.5 ( a ) convicted, but in 2013 Putin pardoned Khodorkovsky and 2014 the energy. Part in this event for the second consecutive year the deal was completed 20... Should also be freed early for exports, reexports, or transfers ( in-country to! Control of two subsidiaries of the former waste ground cleared by the plant employees patronize the villages Novokuibyshev... Economic liberal, Igor Sechin is viewed as a hawk, who supports state. 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And site finishing, provide support to municipal formations municipal formations are able to process about 45 % of oil. Former oil company after purchasing assets of the year, with the use of specialized machinery have... [ 61 ] the company operates in more than 1 thousand square m has been cleaned up support for sustainable! To process about 45 % of crude oil produced by Rosneft as a hawk, who supports greater state over! Fcpa/Anti-Corruption, Economic Sanctions, Anti-Money Laundering, FCPA/Anti-Corruption taken temporary control two. Research, policy analysis, and capacity development ofac added VEB and Rosneft to the List... Removed 70 tones of litter subject to the rosneft subsidiaries list List in July 1998 Russian! Support for International sustainable development Initiatives Attorney Advertising state-run auctions oil from subsidiaries... By the plant employees, there will be constructed a children 's playground from Yukos subsidiaries Eastern on! 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