Rus News Journal

Head Zarubezhnefti N.Brunich

according to materials " is appointed; Zarubezhnefti appointment is made by the order of Federal agency on management of federal property from December, 4th 2007. About decisions of extraordinary general meeting of shareholders of open joint-stock company Zarubezhneft .
Till this time of a duty of head Zarubezhnefti (since October, 15th of this year) The first deputy of the general director of the company Michael Arustamov executed. Nikolay Tokarev heading earlier Zarubezhneft has been selected by president AK Transneft .
On a post of the head Transneft it has replaced Simeon Weinstock who has headed under the offer of the president of the Russian Federation State corporation on preparation for the Olympic Games - 2014.
Open Society Zarubezhneft more than 40 years are engaged in working out of oil deposits abroad. The basic project of the company - Russian - the Vietnamese joint venture Vetsovpetro created on an equal footing with the Vietnamese oil and gas company PetroVietnam. The joint venture extracts oil on a shelf of Southern Vietnam and provides annual receipts in the budget of Russia more than 500 million dollars
Besides, during board in Iraq Saddam Hussein the company has received 3,25 - a percentage share in Russian - the Iraq consortium on deposit working out Western Kurna. The Russian partners Zarubezhnefti under this project - LUKOIL (68,5 %), Mashinoimport (3,25 %), a share of Iraq - 25 %.
However after power change in Iraq the new government of the country has declared cancellation of all former contracts. The further destiny of the project is not defined yet.