Open Joint-Stock Company Rosneft Oil Company

Website: http://www.rosneft.ru/

Listed under Schedule 2 of the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855). Not subject to an asset freeze.

"Russian state oil giant Rosneft has reportedly canceled its plans to invest in joint projects worth up to $30 billion with the National Iranian Oil Company over fears of U.S. sanctions, the Vedomosti business daily has said, citing anonymous sources close to the Russian company." (Moscow Times, "Rosneft Pulls Out of $30 Bln Iran Oil Project Over Fears of U.S. Sanctions, Media Reports," 12/13/2018).  (https://www.themoscowtimes.com/2018/12/13/rosneft-pulls-out-of-30-bln-iran-oil-project-over-fears-us-sanctions-media-reports-a63811)

Rosneft is listed in the March 1, 2019, Report to the New Jersey Legislature Iran Divestment Act.  (https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf)

"Minister of Petroleum Bijan Zangeneh and visiting Executive Chairman of Russian heavyweight oil company Rosneft Igor Sechin met here on Tuesday to review investment in Iran's development projects. In November, a delegation from Rosneft met Iranian officials with the swap of oil and gas on agenda of negotiations. A joint committee was set up to continue the talks between the two sides, ministry sources told Shana. The Russian firms are interested in IOR and EOR projects and development of Iran's oil and gas fields." (Shana, "Zangeneh, Rosneft CEO Discuss Joint Oil Projects," 12/8/15)  (http://t.uani.com/1QvQdwe)

"During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran Rosneft Oil Company and National Iranian Oil Company signed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas”. This document confirms the parties high level of interest in developing long-term and mutually beneficial cooperation in key areas of business, including exploration and production, field services, local application of technology, as well as training for personnel." (November 1, 2017) (https://www.rosneft.com/press/releases/item/188381/)

Russian oil major Rosneft [ROSN.MM], is also preparing to halt Iranian oil imports from November after a communication from the Kremlin. The company has already started cutting its oil imports from this month. (June 29, 2018). (https://www.reuters.com/article/us-oil-iran-europe/spooked-by-trump-europes-iranian-oil-purchases-set-to-plummet-idUSKBN1JP1P4)

Rosneft is listed as a prohibited company in the March 2020 and March 2021 Report to the New Jersey Legislature Iran Divestment Act.  (https://web.archive.org/web/20201016170109/https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf) (https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf)

"Russia’s largest oil producer Rosneft is interested in oil and gas projects in Iran’s Zagros province, after signing a deal last year to do business in the country, an official document showed on Friday." (April 6, 2018). (https://www.reuters.com/article/us-russia-rosneft-iran/russias-rosneft-interested-in-oil-gas-in-irans-zagros-province-document-idUSKCN1HD228)

For more information on directives, please visit the following link: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.aspx#directives.

(also OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY)

(also OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY)

(also OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY)

(also OJSC ROSNEFT OIL COMPANY, ROSNEFT OIL COMPANY, OAO ROSNEFT OIL COMPANY, OIL COMPANY ROSNEFT, ROSNEFT)

(also OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY)

(also OPEN JOINT-STOCK COMPANY ROSNEFT OIL COMPANY)