Зарубежнефть

What Зарубежнефть does

Зарубежнефть (Zarubezhneft) is a 100% state-owned Russian oil and gas company of strategic national importance, founded in 1967 and headquartered in Moscow. It operates a vertically integrated portfolio of 20 producing assets, 5 refining and sales assets, and 12 service enterprises spanning Russia, Vietnam, Cuba, Uzbekistan, Egypt, Indonesia, and Bosnia and Herzegovina. The company specializes in exploration, development, and production of oil and gas — including continental shelf operations (notably the 40+ year Vietsovpetro joint venture in southern Vietnam), high-viscosity oil extraction in Cuba, and enhanced oil recovery on mature fields in Uzbekistan — and extends downstream through the Brod and Modrica refineries and a retail filling-station network in the Republic of Srpska.

Name

Зарубежнефть

Legal name

Акционерное общество «Зарубежнефть»

Website

https://zarubezhneft.ru

Company type

Private

Founded year

1967

Operating status

Operating

Short description

The company derives revenue from three segments: (1) upstream hydrocarbon exploration, development, and production across Russia and seven foreign jurisdictions; (2) midstream/downstream oil refining plus wholesale and retail petroleum product sales via owned filling stations in Bosnia and Herzegovina; and (3) oilfield services — drilling, construction, and technology application — provided both internally and to third parties. Customers are primarily government and state entities (driven by energy security mandates), industrial energy consumers (crude, gas, refined products), and retail fuel consumers; pricing is quote-based and not publicly disclosed, reflecting standard B2B/B2G oil and gas commercial practice. Supporting the operating portfolio is an in-house R&D and design ecosystem comprising research institutes (ВНИИнефть, ЗН НТЦ, Гипровостокнефть, РМНТК «Нефтеотдача»), an Arctic offshore subsidiary (Арктикморнефтегазразведка), a digital services subsidiary (ЗН Цифра), and construction/installation firms.

Ownership category

akta.pro rank

Product category

Integrated Oil and Gas Operations

NAICS

Crude Petroleum Extraction (21112), Petroleum Refineries (324110), Petroleum Refineries (32411), Fuel Dealers (457210)

SIC

Crude Petroleum & Natural Gas (1311), Petroleum Refining (2911), Oil & Gas Field Exploration Services (1382), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

akta.pro secondary industries

Retail Service Station Operations (Company-Owned & Dealer-Operated) (EUALAIAA), Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB), Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• Oil and gas exploration
• Hydrocarbon production
• Oil refining services
• Oilfield construction services
• Petroleum product distribution

Headquarters

HQ city

Moscow

HQ country

Russia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Hydrocarbon Exploration and Production: Extraction and sale of crude oil and natural gas from producing assets in Russia and international locations
2. Oil Refining and Product Sales: Oil refinery operations with wholesale and retail distribution of petroleum products through owned filling station network
3. Oilfield Services: Construction, drilling, and specialized oilfield services provided to third parties through service enterprises

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Зарубежнефть is a Russian state-owned oil and gas company operating a vertically integrated portfolio of 20 producing assets, 5 refining and sales assets, and 12 service enterprises. The company conducts exploration, development, and production of oil and gas fields in Russia and abroad (including continental shelf operations in Vietnam, Cuba, Uzbekistan, Egypt, and Indonesia), operates oil refineries in Bosnia and Herzegovina, and provides oilfield construction, drilling, and enhanced oil recovery services. It also runs its own retail gas station network in the Balkans.

Product overview

«Зарубежнефть» is a Russian state-owned oil and gas company operating a vertically integrated portfolio of 20 producing assets, 5 refining assets, and 12 service enterprises. The company operates three core business segments: (1) Geology and Hydrocarbon Production (Геологоразведка и добыча углеводородов) — exploration, development, and production of oil and gas fields in Russia and abroad, including continental shelf operations; (2) Oil Refining and Sales (Нефтепереработка и сбыт) — refining capacity, wholesale and retail distribution, trading, and own gas station network in Bosnia and Herzegovina; and (3) Service Assets (Сервисные активы) — construction, drilling, and application of advanced domestic technologies for oil field development. The company also owns a network of specialized subsidiaries including research institutes (ВНИИнефть, ЗН НТЦ, Гипровостокнефть), digital services (ЗН Цифра), arctic exploration (Арктикморнефтегазразведка), and joint ventures for production in Vietnam (Вьетсовпетро), Uzbekistan (ANDIJANPETRO), and Cuba.

Differentiator

Problem solved

Functional benefit

Products and services

• Hydrocarbon Exploration and Production (Геологоразведка и добыча углеводородов) Exploration, development, and production of oil and gas fields in Russia and abroad, including work with complex reservoirs on land and continental shelf. Operates through 20 producing assets.
• Oil Refining and Sales (Нефтепереработка и сбыт) Oil refining capacity, wholesale and retail sale of petroleum products, trading, and operation of own network of gas stations. Operates through 5 downstream assets including refineries in Bosnia and Herzegovina (Brod and Modrica) and a retail filling station network in the Republic of Srpska.
• Oilfield Services (Сервисные активы) Construction, drilling, and specialized oilfield services including the application of advanced domestic technologies for oil and gas field development, modern enhanced oil recovery methods, and the export of high-tech services. Operates through 12 service enterprises.

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Вьетсовпетро (Vietsovpetro)coreStrategic or Co-development PartnerJoint venture for Vietnam continental shelf hydrocarbon exploration and production. Over 40 years of successful operations developing offshore fields in southern Vietnam. Flagship international project for the company.
• РУСВЬЕТПЕТРО (RUSVIETPETRO)coreStrategic or Co-development PartnerJoint venture operating in the Nenets Autonomous Okrug region of Russia for oil field development and production.
• Нестро Петрол (Nestro Petrol)coreStrategic or Co-development PartnerParent company holding structure for group operations in Serbia and the broader Balkans region.
• Арктикморнефтегазразведка (AMNGR)coreStrategic or Co-development PartnerArctic offshore exploration and development company specializing in harsh environment hydrocarbon exploration.
• ВНИИнефть (VNIIneft)coreTechnology or IntegrationResearch institute providing scientific support, technical expertise, and R&D services for oil and gas operations.
• Гипровостокнефть (Giprovostokneft)coreTechnology or IntegrationDesign institute specializing in surface facilities and underground development of oil and gas fields.
• ANDIJANPETROminorStrategic or Co-development PartnerJoint venture in Uzbekistan for oil field development and production enhancement.
• НПЗ Брод (Brod Refinery)coreStrategic or Co-development PartnerOil refinery located in the Republic of Srpska, Bosnia and Herzegovina, part of the downstream segment.
• МПЗ Модрича (Modrica Oil Refinery)coreStrategic or Co-development PartnerOil refinery in Bosnia and Herzegovina processing facility supporting regional fuel supply.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Rosneft: Russia's largest state-owned oil company, operating across upstream E&P, refining, and retail domestically and internationally. Closest comparable in ownership structure (Russian state), vertical integration, and international JV portfolio.
• Gazprom Neft: Russian state-controlled integrated oil company with upstream, refining, and bunker-fuel businesses. Comparable in vertically integrated model, state affiliation, and exposure to Russian domestic plus international projects.
• Lukoil: Largest privately-owned Russian oil company with international E&P assets (Caspian, West Africa, Americas) and integrated downstream. Comparable in international upstream footprint, refining capacity, and service-enterprise structure.
• NIS (Naftna Industrija Srbije): Serbian integrated oil company with Russian (Gazprom Neft) majority ownership, operating refineries and retail in the Balkans. Directly comparable given overlapping Balkans downstream presence and Russian state-aligned ownership.
• Petrovietnam (PVN): Vietnamese state-owned national oil company and Zarubezhneft's joint venture partner in Vietsovpetro. Strongly comparable as the host-country counterpart in the flagship continental shelf JV and as a state-led integrated NOC.
• Pertamina: Indonesian state-owned integrated oil, gas, and energy company. Comparable as a state-controlled integrated NOC partnering with Zarubezhneft on Indonesian projects, with similar vertically integrated E&P-to-retail model.

Broad incumbents

• Tatneft: Russian regional oil major with significant Tatarstan production, refining, and petrochemicals. Comparable as a Russian-headquartered integrated oil operator, though more domestically focused and larger than Zarubezhneft.

Regional players

• Uzbekneftegaz: Uzbek state-owned integrated oil and gas company operating mature onshore fields where Zarubezhneft applies EOR technology through the ANDIJANPETRO JV. Comparable as host-country national oil company and joint venture partner.
• EGPC (Egyptian General Petroleum Corporation): Egyptian state-owned national oil company and Zarubezhneft's partner in Egyptian E&P operations. Comparable as host-country NOC counterpart in upstream joint ventures.
• Cupet (Unión Cuba-Petróleo): Cuban state-owned national oil company and Zarubezhneft's partner on heavy oil extraction projects. Comparable as host-country NOC in technically challenging heavy-oil operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Зарубежнефть