World Library  
Flag as Inappropriate
Email this Article

Soyuzneftegaz

 

Soyuzneftegaz

Soyuzneftegaz (Russian: СоюзНефтеГаз) is a Russian oil and gas company. It is headed by Russia's former energy minister Yuri Shafranik.[1] The main shareholder is the Central Bank of Russia.[2]

History

Soyuzneftegaz was established in 2000.[3] In early 2003, Soyuzneftegaz signed a contract with the Iraqi authorities for developing the Rafidein oil field in southern Iraq.[4] Soyuzneftegaz received 25.5 million barrels (4.05×10^6 m3) in the Oil-for-Food Programme, according to the paper The Beneficiaries of Saddam's Oil Vouchers: The List of 270.[5][6]

In 2004, Soyuzneftegaz gained control over UzPEC company, which since 2001 had a production-sharing agreement with Uzbekneftegaz for the Central Ustyurt and South-Western Gissar hydrocarbon deposits in Uzbekistan.[7][8] In 2007, Uzbekneftegaz conducted the production-sharing agreement for these fields with Soyuzneftegaz Vostok, a wholly owned subsidiary of Soyuzneftegaz.[9] In March 2008, Soyuzneftegaz Vostok was acquired by other Russian company Lukoil.[10][11]

In October 2004 Soyuzneftegaz won a tender in Syria for the onshore Blocks 12 and 14 near Iraqi border.[12] In 2006, the company decided not to continue with the development of Block 14, but continued work on Block 12. In 2005, Soyuzneftegaz acquired a 50% working interest in Block 26 in the northeast of Syria through its wholly owned subsidiary SNG Overseas.[13] Later this year, SNG Overseas was bought by the United Kingdom-based oil company Emerald Energy for exchange of US$7.3 million and 10% stake in Emerald Energy.[14] In August 2009, Soyuzneftegaz sold its shares in Emerald Energy to Chinese petrochemical company Sinochem.[15]

In 2005, Soyuzneftegaz acquired one of Russia's largest drilling companies Sibirskaya Servisnaya Kompaniya.

On 25 December 2013, Soyuzneftegaz signed an important 25-year agreement to prospect for more oil in Syria. [16]

References

  1. ^ Sergei Blagov (2007-02-15). "Uzbekistan Harbors Energy Development Plans; Russia Ready to Help". EurasiaNet. Retrieved 2009-10-17. 
  2. ^ "CTK exit shifts Moscow balance of power".  
  3. ^ "SoyuzNefteGaz". OilVoice. Retrieved 2009-10-17. 
  4. ^ Ahtyam Ahtyrov (2003-01-18). "Breakthrough in Iraq: LUKOIL Back to West Kurna-2".  
  5. ^ Robert L. Larsson (March 2006). "Russia’s Energy Policy: Security Dimensions and Russia’s Reliability as an Energy Supplier". 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
  7. ^ "SoyuzNefteGaz to develop fields in Uzbekistan". Interfax (Alexander's Gas & Oil Connections). 2004-07-14. Retrieved 2009-10-17. 
  8. ^ Denis Rebrov (2004-07-14). "Soyuzneftegaz bought two huge gas fields in Uzbekistan". Vremya Novostei (Ferghana.Ru). Retrieved 2009-10-17. 
  9. ^ Sergei Blagov (2008-02-06). "Russia Wary about Uzbekistan's Geopolitical Intentions". EurasiaNet. Retrieved 2009-10-17. 
  10. ^ "LUKOIL Acquires New Hydrocarbon Assets in Uzbekistan". OilVoice. 2008-03-07. Retrieved 2009-10-17. 
  11. ^ "Lukoil acquires new hydrocarbon assets in Uzbekistan".  
  12. ^ "Russian companies to participate in some Syrian Oil & Gas Projects". Daily News. 2005-01-27. Retrieved 2009-10-17. 
  13. ^ "Soyuzneftegaz acquires Syrian interest". FSU Energy. 2005-05-13. Retrieved 2009-10-17. 
  14. ^ "Acquisition of 50 per cent. participating interest in Block 26 in Syria (the "Acquisition") and placing of 5,090,000 new ordinary shares of 10p each in the capital of the Company (the "Placing Shares") at a price of 158p per Placing Share (the "Placing") raising approximately £8.0 million" (Press release).  
  15. ^ Maverick Chen (2009-08-14). "Sinochem to buy UK-based Emerald Energy". China.org.cn. Retrieved 2009-10-17. 
  16. ^ "Russia launches into oil exploration in Syria (in French)". Le Monde. 2013-12-25. Retrieved 2013-12-27. 

External links

  • Official web site
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.