Friend Sechin will steer a new Russian oil company

Rosneft's assets in Venezuela are sold to a company 100% state-owned - Roszarubezhneft.
31.03.2020
RBC
Origin source
The Federal Property Management Agency has established a new company, Roszarubezhneft, which will, in particular, be engaged in the production and transportation of oil and oil (associated) gas. This happened on March 28, when it became known that Rosneft was terminating its work in Venezuela, follows from the data of the Unified State Register of Legal Entities (USRLE). The first to draw attention to this is Interfax.

The authorized capital of the company is 322.7 billion rubles. It is wholly owned by the Federal Property Management Agency. The holder of the register of shareholders of Roszarubezhneft is LLC Register-RN, which is also the holder of the register of shareholders of Rosneft.

The company is registered in Moscow, its general director is Nikolai Rybchuk. His full namesake is a member of the Angola Veterans Council, a former military attache and representative of the Federal Service for Military-Technical Cooperation (FSVTS) in the country. The head of Rosneft, Igor Sechin, also served in Angola in the mid-1980s.

The representative of Rosneft did not comment on RBC data on the appearance of Roszarubezhneft.

The fact that Rosneft will cease its work in Venezuela and sell assets associated with activities in this country, it became known on March 28. A Rosneft report stated that it had entered into an agreement with a company 100% owned by the Russian government to sell shares and terminate its participation in all projects in Venezuela, including shares in the mining enterprises Petromonagas, Petroperija, Boqueron, Petromiranda and Petrovictoria, in oilfield services enterprises and trading operations.

The press service of the Russian government confirmed the acquisition of Venezuelan assets of the company from Rosneft. “The company became 100% owned by the Russian Federation,” the report said. At the same time, neither the government nor Rosneft disclosed the name of the company purchasing the assets.

A spokesman for Rosneft Mikhail Leontyev, in a conversation with RBC, explained the sale of assets and the departure from Venezuela with a desire to lift the sanctions imposed by the United States against subsidiaries of the company. “We sold our Venezuelan business to the government of the Russian Federation. Rosneft, as an international public company, must protect the interests of its shareholders. And now we have the right to expect from the American regulator the fulfillment of publicly made promises, ”he said.

The United States previously imposed sanctions against two Rosneft subsidiaries. The first under economic restrictions for working with Venezuelan oil was Rosneft Trading. Didier Casimiro, President of Rosneft Trading, and Vice President of Rosneft for Refining, Petrochemicals, Commerce and Logistics, also appeared on the sanctions list. Washington later imposed sanctions against TNK Trading International S.A. The US Ministry of Finance explained its actions by the fact that after sanctions were imposed against Rosneft Trading, TNK Trading International took over its supplies and was engaged in the "sale and transportation of oil from Venezuela."

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