Top 10 Oil and Gas Companies in the World 2017

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9. Gazprom

Gazprom is a Public Joint Stock Company and is a Russian company which was founded in 1989, when the Soviet Ministry of Gas Industry was converted to a corporation, retaining all of its assets.

Image: Wikimedia

It carries on the business of extraction, production, transport, and sale of natural gas, largely in Russia. The company name is a portmanteau of the Russian words Gazovaya Promyshlennost.

The headquarters of Gazprom are in Moscow. Although it is a private company, the Russian Government holds a majority stake in the company and Gazprom is involved in the Russian Government's diplomatic efforts which include setting of gas prices for export purposes, and access to pipelines by other nations. The Company’s share in the global and Russian reserves amounts to 17 and 72 per cent respectively. Gazprom holds the world’s largest natural gas reserves. Gazprom is a global energy company focused on all operations which are vertically integrated from upstream to downstream and includes  geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel and aviation fuel, as well as generation and marketing of heat and electric power. Gazprom views its mission as ensuring a reliable, efficient and balanced supply of natural gas, other energy resources and their derivatives to consumers. Gazprom is placed among Russia’s top four oil producers. The Company also owns major power-generating assets accounting for some 17 per cent of the total installed capacity of the national energy system. Gazprom is the only producer and exporter of liquefied natural gas (LNG) in Russia. The Company owns the world’s largest gas transmission system with a total length of 171.2 thousand kilometers. The company exports gas to more than 30 countries within and beyond the former Soviet Union. At present, the Company is actively implementing large-scale gas development projects in the Yamal Peninsula, the Arctic shelf, Eastern Siberia and the Russian Far East with a number of projects abroad. It has a very big strategic goal to establish itself as a leader among global energy companies by basically diversifying sales markets to ensuring reliable supplies, improving operating efficiency and fulfilling its scientific and technical potential.

Revenue billion USD: 102.91

Profit billion USD: 16.88

Production volume (Mn Barrels/Day): 9.7

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