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Zarubezhneft Celebrates Forty-Year Anniversary - September 30, 2007 marks the 40th anniversary of Zarubezhneft, the leading export company of the oil industry - Oil-Gas.biz
Zarubezhneft Celebrates Forty-Year Anniversary

 

PRZOOM - /newswire/ - Moscow, Russia, 2007/09/28 - September 30, 2007 marks the 40th anniversary of Zarubezhneft, the leading export company of the oil industry - Oil-Gas.biz.

   
 
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Since 1967, the company has been focused on overseas oil and gas exploration and production projects, oilfield facilities construction and organization of equipment and materials supply to oilfields.

Over the forty years, Zarubezhneft has accumulated unique experience of oil and gas projects throughout the world. Major oil industry facilities have been built in Algeria, Syria, Iraq, Vietnam, Libya, India, Yemen, Cuba and other countries under the auspices of Zarubezhneft.

Standing out among the company’s achievements is the fruitful long-term operation of the Russian-Vietnam joint venture Vietsovpetro that is one of the world’s most efficient oil producing companies and that adds over $500 million to the Russian budget annually.

In 2004, RF president signed orders on incorporation of the state company “RVO “Zarubezhneft” with 100% stake remaining in the state ownership, and the company was included in the list of strategic enterprises. Additionally, assets of A.P.Krylov VNIIneft and research institute “Giprovostokneft” were transferred to Zarubezhneft, which significantly expanded the company’s capabilities.

The company’s core businesses currently include:

- exploration, oilfield construction and production in the Russian Federation and abroad;
- engineering, construction and operation of oil refineries, tank fleets and pipeline systems;
- deployment of advanced domestic oil and gas exploration technologies;
- testing of advanced recovery methods to expand export of high tech services;
- export-import of high tech equipment.

 
 
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Agency / Source: Russian Oil & Gas Equipment and Services

 
 

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Zarubezhneft Celebrates Forty-Year Anniversary

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Contact: Arthur - Oil-Gas.biz 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Russian Oil & Gas Equipment and Services securities in any jurisdiction including any other companies listed or named in this release.

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