JSC Zarubezhneft is a Russian state-controlled oil company based in Moscow that specializes in exploration, development and operation of oil and gas fields outside Russian territory.
Nikolay Brunich is the company's General Director and Russian minister of Energy Sergey Shmatko is chairman of the board.

Overview

According to the company's website, Zarubezhneft's main activities are: exploration, development and operation of oil and gas fields abroad; design, construction and operation of oil refineries, tank farms and pipeline systems; application of advanced Russian technologies for oil field development; testing and export of modern hi-tech methods for oil recovery enhancement and export-import operations for technological equipment supply.

The company was founded in 1967 by the Soviet government to operate in friendly states.

Zarubezhneft's most notable operations are in Vietnam

Vietnam

Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...

, where it has several joint ventures with the Vietnamese company PetroVietnam

Petrovietnam

PetroVietnam is the trading name of Vietnam Oil and Gas Group . PetroVietnam has developed rapidly since it was established in 1977, and its activities, through its various companies and wholly owned subsidiaries, now cover all the operations from oil and gas exploration and production to...

, including the joint venture company Vietsovpetro.

In 2009, Zarubezhneft's General Direktor Nikolai Brunich was awarded with Vietnam’s Labour Order, first class, in recognition of his contributions to the successful operation of Vietsovpetro and cooperation between Vietnam and Russia.

Saddam's oil vouchers

Zarubezhneft received 174.5 million barrels worth oil vouchers from the abused Oil-for-Food Programme

Oil-for-Food Programme

The Oil-for-Food Programme , established by the United Nations in 1995 was established with the stated intent to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military...

, according to the paper "The Beneficiaries of Saddam's Oil Vouchers: The List of 270".

External links

• Company website (English)
• Company website (Russian)
• Vietsovpetro's website (English)