EE Impact

PetroNeft Resources

Ireland · Energy, Oil & Gas

LeaveRussia detail: Withdrawal

Exited Russia

PetroNeft Resources plc is an international oil and gas exploration and production company, focused on Russia. The company’s shares are listed on the London AIM and Dublin ESM Markets.

Status last verified 03/08/2026Source checked 03/01/2024Company website ↗LeaveRussia profile ↗

Business in Russia

Further to the announcement by the Company on 25th November 2022 of the start of a strategic asset review, PetroNeft now announces that the Company has received an expression of interest from Pavel Tetyakov (CEO of PetroNeft), that may or may not lead to an offer being made to acquire the Company’s Russian assets.

Decision trail

Decision date 15/09/2023 · Reference ↗

PetroNeft Resources set to sell Russian assets. Petroneft Resources said it will enter into a share-purchase agreement in connection with the proposed sale of its Russian business for a net cash consideration of 189.01 million Russian rubles ($2 million) plus $1, and that it will seek shareholder approval. PetroNeft shares to be cancelled from AIM amid Russia exit.

Status history since 2022

  1. 03/08/2026 exited · Imported from KSE LeaveRussia

Exposure profile

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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

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