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JSC Zarubezhneft
State controleld (Joint stock company)
Industry Oil and gas
Founded 1967 (1967)
Key people
Sergey Kudryashov (General Director)
Sergey Vtorushin (Petrochemicals trader)
Subsidiaries Vietsovpetro

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.[1] Sergey Kudryashov is the company's General Director and Nikolay Tokarev is chairman of the board.


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.[1]

The company was founded in 1967 by the Soviet government to operate in friendly states.[2]

Zarubezhneft's most notable operations are in Vietnam, where it has several joint ventures with the Vietnamese company PetroVietnam, including the joint venture company Vietsovpetro.[3]

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.[4]

International operations[edit]

Zarubezhneft carries out its activities in:

  • Vietnam
  • Cuba
  • Bosnia and Herzegovina
  • Croatia
  • Jordan
  • Russia (Nenets Autonomous Okrug)
  • Turkmenistan
  • Uzbekistan

Cooperation is being elaborated with the companies of Kazakhstan, Equatorial Guinea, Angola, Ecuador, Libya and other producing countries.

Saddam's oil vouchers[edit]

Zarubezhneft received 174.5 million barrels worth oil vouchers from the abused Oil-for-Food Programme, according to the paper "The Beneficiaries of Saddam's Oil Vouchers: The List of 270".[5][6]


  1. ^ a b "Main Fields of Activities". Zarubezhneft. Retrieved 2009-07-29. 
  2. ^ "Zarubezhneft, such discreet company". Russia Intelligence. Retrieved 2009-07-29. 
  3. ^ "Developing Cooperation with Vietnam". Zarubezhneft. Retrieved 2009-07-29. 
  4. ^ "Zarubezhneft chief receives Vietnamese honour". VOVNews. Retrieved 2009-07-29. 
  5. ^ Robert L. Larsson (March 2006). "Russia’s Energy Policy: Security Dimensions and Russia’s Reliability as an Energy Supplier" (PDF). Swedish Defence Research Agency. 
  6. ^ The Middle East Media Research Institute: The Beneficiaries of Saddam's Oil Vouchers: The List of 270. January 29, 2004

External links[edit]