In those years the Ministry of Oil Industry was given a task to develop and extend foreign economic relations and to arrange the entry of the Soviet oil industry into the international market.
As an operative practical mechanism Siam-
The Company has a vast history of realization of international oil and gas projects all over the world. Large oil and gas facilities have been built, national oil extracting enterprises have been commissioned, a large volume of geologic exploration works and engineering and geological surveys have been completed, programs for complex development of oil industry have been prepared etc. in such countries as Algeria, Angola, Bulgaria, Vietnam, Egypt, India, Iran, Iraq, Kuwait, Libya, Nigeria, Syria.
Long term cooperation with Vietnam is worth separate mentioning. The establishment of Joint Venture Vietsovpetro between USSR and Vietnam on the basis of the intergovernmental treaty in 1981, that for more than three decades is the one of the most effective oil producing enterprises in the world, is rightfully deemed to be the most important event in the history of Siam-
Due to the collapse of the Soviet Union and other objective factors of economic and political nature in the 1990-
The policy implemented by the new management in 2000 for renewal and strengthening of the company beard its fruits. The company succeeded in giving momentum to the current projects, and preparing ground for implementation of realization of new large-
Year 2004. On the 3-
For more than 35 years Siam-
A large volume of works has also been carried out in Libya, Angola and Cuba. In the middle of 70-
In the same year in accordance with the Decree of the President of the Russian Federation V.V. Putin dated 04.10.2004 Zarubezhneft was included in the list of enterprises of strategic importance of Russian Federation.
Since the year 2007 the Company significantly extended the borders of activities by commencing the realization of oil production and refining projects in the Balkans region, Latin America and North of Russia, and also strengthened its positions in Vietnam.
New management that came to power in the end of 2012 set the tasks to increase the operational efficiency, business results and development of prospective projects in Russian and abroad.