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Lukoil is the second largest company in Russia after Gazprom, and the country's largest non-state enterprise in terms of revenue, with ₽ 4,744 billion in 2018. [5] [6] In the 2020 Forbes Global 2000, Lukoil was ranked as the 99th-largest public company in the world. Internationally, it is one of the largest global producers of crude oil.
Russian crude oil production (red) and crude oil exports (black). The Petroleum or oil industry in Russia is one of the largest in the world. Russia has the largest reserves and was the largest exporter of natural gas. [1] It has the sixth largest oil reserves, and is one of the largest producers of oil. [2]
Rosneft is the third-largest Russian company and the second-largest state-controlled company (after Gazprom) in Russia in terms of revenue ( ₽ 4,134 billion). [6] Internationally, it is one of the largest oil companies, ranking 24 in terms of revenue. [citation needed]
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's invasion of Ukraine, but members of the European Union are split.
The Gazprom name is a contraction of the Russian words gazovaya promyshlennost ( газовая промышленность, gas industry). In January 2022, Gazprom displaced Sberbank from the first place in the list of the largest companies in Russia by market capitalization. [8]
The World Bank estimates the total value of Russia's natural resources at US$75 trillion. Russia relies on energy revenues to drive most of its growth. Russia has an abundance of petroleum, natural gas and precious metals, which make up a major share of Russia's exports. As of 2012 the oil-and-gas sector accounted for 16% of the GDP, 52% of ...
Yukos. OJSC "Yukos Oil Company" (Russian: ОАО Нефтяна́я Компа́ния Ю́КОС, IPA: [ˈjukəs]) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky 's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s. [1]
TNK-BP ( Tyumenskaya Neftyanaya Kompaniya, lit. 'Tyumen Oil Company') was a major vertically integrated Russian oil company headquartered in Moscow. It was Russia's third-largest oil producer and among the ten largest private oil companies in the world. [1] [2] In 2013 it was acquired by Russian oil company Rosneft.