Soyuzneftegaz

Soyuzneftegaz
Native name
 СоюзНефтеГаз
Private
Industry Oil and gas
Founded 2000
Founder Yuri Shafranik
Headquarters Moscow, Russia
Key people
 Yuri Shafranik (Chairman)
Owners The Interstate Bank of CIS (30%)
SNG Holding (70%)
Website soyuzneftegaz.ru

Soyuzneftegaz (Russian: СоюзНефтеГаз) is a Russian oil and gas company. It is headed by Russia's former energy minister Yuri Shafranik.[1] The Interstate Bank of CIS holds 30% and SNG Holding helds 70% of shares.[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 million cubic metres) 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] On 25 December 2013, Soyuzneftegaz signed a 25-year agreement to prospect for more oil in Syria.[14] The company stopped its operations in Syria in 2015 because of the Syrian conflict.[15]

In 2006, 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.[16] In August 2009, Soyuzneftegaz sold its shares in Emerald Energy to Chinese petrochemical company Sinochem.[17]

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

References

  1. ↑ Blagov, Sergei (2007-02-15). "Uzbekistan Harbors Energy Development Plans; Russia Ready to Help". EurasiaNet. Retrieved 2009-10-17.
  2. ↑ http://www.soyuzneftegaz.ru/about-the-group/group-structure.php
  3. ↑ "SoyuzNefteGaz". OilVoice. Retrieved 2009-10-17.
  4. ↑ Ahtyam Ahtyrov (2003-01-18). "Breakthrough in Iraq: LUKOIL Back to West Kurna-2". Pravda. Retrieved 2009-10-17.
  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
  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". Scandinavian Oil-Gas Magazine. 2008-02-11. Retrieved 2009-10-17.
  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. ↑ "Russia launches into oil exploration in Syria (in French)". Le Monde. 2013-12-25. Retrieved 2013-12-27.
  15. ↑ Shurmina, Natalia; Lyrchikova, Anastasia (2015-09-29). "Russia's Soyuzneftegaz drops plans for offshore oil and gas exploration in Syria". Reuters. Retrieved 2016-07-19.
  16. ↑ "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). Emerald Energy. 2005-11-14. Retrieved 2009-10-17.
  17. ↑ Maverick Chen (2009-08-14). "Sinochem to buy UK-based Emerald Energy". China.org.cn. Retrieved 2009-10-17.
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