Information on participation of ZARUBEZHNEFT JSC in other companies (as of December 31, 2019)

Item No. Company name Zarubezhneft JSC participating interest Zarubezhneft JSC Subsidiaries’ participating interest Region of the Company’s presence
1 JV Vietsovpetro 49% - Vietnam
2 VRJ Petroleum Со 100% - Vietnam
3 JC RUSVIETPETRO LLC 51% - Russia
4 AMNGR JSC 100% — 1 share - Russia
5 RMNTK Nefteotdacha JSC 100% — 1 share - Russia
6 Ulyanovskneftegaz LLC 99.9% RMNTK Nefteotdacha JSC — 0.1% Russia
7 Orenburgnefteotdacha JSC 100% — 1 share RMNTK Nefteotdacha JSC — 1 share Russia
8 Neftegazincor JSC 95% - Russia
9 Giprovostokneft JSC 22.09% RMNTK Nefteotdacha JSC — 38% Russia
10 VNIIneft JSC 32.27% RMNTK Nefteotdacha JSC — 38% Russia
11 VNIIneft-Zapadnaya Sibir CJSC - VNIIneft JSC — 51% Russia
12 Neftyanoe Khozyaystvo CJSC - RMNTK Nefteotdacha JSC — 15% Russia
13 ZARUBEZHNEFT-Dobycha LLC 99.9% Neftegazincor JSC — 0.1% Russia
14 Zarnestservice LLC 80% Zarubezhneftestroymontazh LLC — 20% Russia
15 Zarubezhneftestroymontazh LLC 80% Zarnestservice LLC — 20% Russia
16 Zarubezhneft Holding&Services АG 100% - Switzerland
17 EXPLON LLC 80% Zarubezhneftestroymontazh LLC — 20% Russia
18 SPIMEX JSC 10% - Russia
19 OPTIMA Group d.o.o. - Neftegazincor JSC — 100% Republic of Srpska
20 Brod Refinery A.D. - Neftegazincor JSC — 79.99% Republic of Srpska
21 Modriča Motor Oil Plant A.D.

Neftegazincor JSC — 75.65%

Nestro Petrol A.D. — 13.05%

Republic of Srpska
22 Nestro Petrol A.D. - Neftegazincor JSC — 80% Republic of Srpska
23 Jadran-Naftagas d.o.o. - Neftegazincor JSC — 34% Republic of Srpska
24 OPTIMA-Modriča d.o.o. - Modriča Motor Oil Plant A.D. — 100% Republic of Srpska
25 Zarubezhneft-Dobycha Samara LLC - ZARUBEZHNEFT - Dobycha LLC — 100% Russia
26 ZARUBEZHNEFT-Dobycha Kharyaga LLC 99.9832% ZARUBEZHNEFT - Dobycha LLC — 0.0168% Russia
27 Severo-Karasevskoye Petroleum Enterprise LLC

Zarubezhneft-Dobycha Samara LLC — 99.9%

Ulyanovskneftegaz LLC — 0.1%

Russia
28 ZN LA Ltd. - ZARUBEZHNEFT - Dobycha LLC —100% Russia
29 ZN BV Ltd. - ZARUBEZHNEFT - Dobycha LLC — 100% Russia
30 JV ANDIJANPETRO LLC - ZN LA LLC — 50% Uzbekistan
31 Nestro LLC - ZARUBEZHNEFT-Dobycha LLC — 100% Russia
32 ZN Energiya LLC - ZARUBEZHNEFT-Dobycha LLC — 100% Russia
33 ZN Razvitiye LLC 99.9% Zarubezhneftestroymontazh LLC — 0.1% Russia
34 SPK LLC - EXPLON LLC — 100% Russia
35 ZN Dobycha LLC 99.9% Zarubezhneftestroymontazh LLC — 0.1% Russia
36 ZN Asia Ltd. - ZN Razvitiye LLC — 100% Russia

In 2019, the corporate structure of Zarubezhneft Group changed as follows:

  • within the framework of optimization of Zarubezhneft Group structure, and implementation of the Non-Core Assets Disposition Program of Zarubezhneft JSC, JV Arctic Drilling Limited was liquidated;
  • the registration procedures related to increase of Zarubezhneft JSC participating interest in VRJ Petroleum Co to 100%, were completed;
  • for the purpose of execution of new projects of Zarubezhneft JSC in Russia and abroad in pursuance of directive No. 5051п-П13 (p-P13) of the Government of the Russian Federation dated June 10, 2019 and the Resolution of the Board of Directors of Zarubezhneft JSC (Minutes No. 170 dated June 27, 2019), ZN Dobycha LLC and ZN Razvitiye LLC were established;
  • as part of a joint project with Uzbekneftegaz JSC to enhance oil recovery at the fields of South Alamyshyk, Khartoum and East Khartoum, located in the Fergana Region of the Republic of Uzbekistan, JV ANDIJANPETRO LLC was established;
  • Nestro LLC, ZN Energiya LLC, SPK LLC, and ZN Asia Ltd. were established in order to expand Zarubezhneft Group activities and execute new projects.