Soyuzneftegaz (russian: СоюзНефтеГаз) – international investment group of companies headquartered in Russia involved in oil and gas exploration and production, as well as construction.
[
] It is founded and headed by
Yuri Shafranik, Chairman of the Board of the Union of Oil and Gas Producers of Russia.
[
][
] The Interstate Bank of
CIS
Cis or cis- may refer to:
Places
* Cis, Trentino, in Italy
* In Poland:
** Cis, Świętokrzyskie Voivodeship, south-central
** Cis, Warmian-Masurian Voivodeship, north
Math, science and biology
* cis (mathematics) (cis(''θ'')), a trigonome ...
holds 30% and SNG Holding holds 70% of shares.
History
Soyuzneftegaz was established in 2000.
[
][
] In early 2003, Soyuzneftegaz signed a contract with the Iraqi authorities for developing the Rafidein oil field in southern
Iraq
Iraq,; ku, عێراق, translit=Êraq officially the Republic of Iraq, '; ku, کۆماری عێراق, translit=Komarî Êraq is a country in Western Asia. It is bordered by Turkey to Iraq–Turkey border, the north, Iran to Iran–Iraq ...
,
[
] with the production of 100,000 barrels per day.
[
] Soyuzneftegaz received 25.5 million barrels (4.05 million cubic metres) in the
Oil-for-Food Programme
The Oil-for-Food Programme (OIP), established by the United Nations in 1995 (under United Nations Security Council, UN Security Council United Nations Security Council Resolution 986, Resolution 986) was established to allow Iraq to sell Petrole ...
,
which allowed Iraq to export oil to some companies and then to resell it in the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...
,
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
, and
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
. Most of the funds were reserved for humanitarian needs or infrastructure work in Iraq.
[
]
After the arrival of American troops in Iraq and a sharp deterioration of the situation in the country in 2004, Russian firms and specialists were withdrawn, and all work was practically terminated.
[
] In 2004, Soyuzneftegaz held negotiations with UK and US companies regarding the possible joint development of the Rafidein oil field in southern Iraq.
[
]
In 2004, Soyuzneftegaz gained control over UzPEC company, which since 2001 had a production-sharing agreement with
Uzbekneftegaz
The national holding company Uzbekneftegaz ( uz, "Oʻzbekneftegaz" MXK, russian: НХК "Узбекнефтегаз") is a state-owned holding company of Uzbekistan's oil and gas industry.
History
Uzbekneftegaz was established on May 3, 1992. In ...
for the Central
Ustyurt
The Ustyurt or Ust-Yurt (from kk, Үстірт; uz, Ustyurt; tk, Üstyurt; — flat hill, plateau) is a transboundary clay desert shared by Turkmenistan, Uzbekistan and Kazakhstan.
The plateau's semi-nomadic population raises sheep, goats, a ...
and South-Western Gissar hydrocarbon deposits in
Uzbekistan
Uzbekistan (, ; uz, Ozbekiston, italic=yes / , ; russian: Узбекистан), officially the Republic of Uzbekistan ( uz, Ozbekiston Respublikasi, italic=yes / ; russian: Республика Узбекистан), is a doubly landlocked cou ...
.
[
][
] In 2007, Uzbekneftegaz conducted the production-sharing agreement for these fields with Soyuzneftegaz Vostok, a wholly owned subsidiary of Soyuzneftegaz.
[
] In March 2008, Soyuzneftegaz Vostok was acquired by other Russian company
Lukoil
The PJSC Lukoil Oil Company ( stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petrol ...
.
[
][
] The transaction cost was $580 million.
[
]
In October 2004 Soyuzneftegaz won a tender in
Syria
Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...
for the onshore Blocks 12 and 14 near Iraqi border.
[
] 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.
[
] On 25 December 2013, Soyuzneftegaz signed a 25-year agreement to prospect for more oil in Syria.
[
] The company stopped its operations in Syria in 2015 because of the
Syrian conflict.
[
]
In 2006, SNG Overseas was bought by the UK-based oil company
Emerald Energy
Emerald Energy plc is an energy exploration subsidiary of Chinese state-owned company Sinochem with headquarters in London but is registered offshore in the Isle of Man. The company specialises in oil exploration and production of hydrocarbons. ...
for exchange of US$7.3 million and 10% stake in Emerald Energy.
[
] In August 2009, Soyuzneftegaz sold its shares in Emerald Energy to Chinese petrochemical company
Sinochem
Sinochem Corporation () is a Chinese state-owned multinational conglomerate primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil for civilian and military purposes. Its majority o ...
.
[
] The total deal value was estimated at $878 million.
[
]
In 2013, Soyuzneftegaz agreed on a deal with
Syria
Syria ( ar, سُورِيَا or سُورِيَة, translit=Sūriyā), officially the Syrian Arab Republic ( ar, الجمهورية العربية السورية, al-Jumhūrīyah al-ʻArabīyah as-Sūrīyah), is a Western Asian country loc ...
to jointly explore in the
Mediterranean Sea
The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Western and Southern Europe and Anatolia, on the south by North Africa, and on the ea ...
, ostensibly for 25 years.
References
External links
{{Portal, Russia, Energy
Official web site
Oil companies of Russia
Natural gas companies of Russia
Companies based in Moscow