Wrestler, Production Company

LLC Production Company Borets is a company in the field of production. The main products of the enterprise are submersible electric centrifugal and screw pumps for oil production, submersible and surface (horizontal) installations for increasing reservoir pressure.

Aktivs

The company's production unit is represented by Russian and foreign enterprises using advanced technologies, modern equipment and innovative design solutions for the manufacture of pumping units for various functional purposes.

As part of the production unit:

• LLC LeMaZ (Lebedyansky Machine-Building Plant) develops and manufactures centrifugal pumps for pumping oil products, piston and plunger pumps of various types and purposes, including for nuclear power and special shipbuilding.
• Lysvaneftemash LLC (Lysvensky Oil Engineering Plant, Lysva, Perm Territory) specializes in the production of submersible electric motors and hydraulic protection of various versions and modifications.
• Kurgan Cable Plant LLC, Kurgan, produces high-temperature power cables to power electric submersible installations used for oil production.
• Borets-NEO LLC (Vladimir Yuryev-Polsky Region) - production of control stations and telemetry systems.
• ZTS Kabel - production of various types of cable and cable extension cable, Slovakia.
• Edmonton, Canada.
• Tulsa, USA.
• Дубаи, Office 22 The Gate Building, Level 15 Dubai International Financial Centre P.O. Box 121208, UAE

In Russia, there is a representative office of the company - Borets Production Company LLC. Address: 121467, the city of Moscow, ul. Moldavskaya, 5.

The service unit in Russia is represented by the "Borets Service Company." Its share in the Russian service market ~ 40%. There are more than 79 thousand wells in Russia, 17 thousand of which are serviced by Borets.

The Borets Service Company includes seven service bases distributed in the main oil-producing regions of Russia.

• Borets Service - Nefteyugansk LLC,
• Centrofors CJSC,
• Borets-Muravlenko LLC,
• LLC "TSBPO PREPU,"
• OP LLC "Service Company Borets" in the Stavropol Territory,
• OP LLC "Service Company Borets" in the Komi Republic,
• OP LLC "Service Company Borets" in the Krasnodar Territory.

History

2025: Nationalization

At the end of March 2025, the Arbitration Court of the Kaliningrad Region decided to transfer 100% of the shares of the Borets oilfield service group of companies to the ownership of the Russian Federation. The decision was made as part of a lawsuit filed by the Prosecutor General's Office, which insisted on returning the strategically significant asset to state control.

According to Forbes, the court hearings were held behind closed doors. The publication reports that at the end of 2023, the revenue of PC Borets (the main structure of the holding) amounted to ₽33 billion, and net profit - ₽2,7 billion.

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Фото: Wrestler

The Prosecutor General's Office filed a lawsuit against the Borets holding on February 5, 2025. The agency demanded to transfer to the state 100% of the main structure of the holding - Borets Production Company LLC. Among the co-owners of the company in the lawsuit were named British citizen Mark Shabad, Swedish citizen Gregory Stulberg and former Yukos shareholder Leonid Nevzlin, who is included in the register of foreign agents by the Russian Ministry of Justice.

The Attorney General's Office alleged that in 2014 the shares in PC Borets were re-registered to foreign companies: Sultecor Investments Limited, registered in Cyprus, and Oilfield Equipment Development Centre Limited, registered in Seychelles. In 2023, the company decided to redomicile (transfer the company) to the Kaliningrad region, but applications for approval of such a transaction were not submitted to either the Federal Antimonopoly Service or the Russian government.

According to the supervisory authority, the co-owners created the appearance of transferring control over strategic enterprises to a Russian resident and secured access to the services of the largest participants in the Russian oil and gas sector. The lawsuit noted that Borets provides more than 80% of oil production in Russia.^[1]

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