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Much is told today about oil invasion of Russia to the world markets, therefore it can be useful to learn more about the leading oil and gas companies, “locomotives” of the Russian economy and business.
Gazprom
Though Gazprom is not an oil-producing company, it totally controls another “overwhelmingly” important natural resource – gas. Gazprom is the world’s largest gas company focused on geological exploration, production, transmission, storage, processing and marketing of gas and other hydrocarbons. 50, 002% of Gazprom’s stake belongs to the Russian government.
The world-biggest gas concern was formed in 1989. Prior to that date it was known as the Soviet Ministry of the Gas Industry. On November 5, 1992, President of the Russian Federation signed a decree on formation of the Joint Stock Company Gazprom.
Headquarters of Gazprom
Today the company possesses the richest gas reserves and it controls 20 percent of world gas-production. Gazprom exports gas to 32 countries and takes steps to expand its positions at the world market despite the fact that many countries don’t welcome the Russian monopolist.
A business priority of Gazprom is the exploitation of gas resources in the Yamal Peninsula, Arctic continental shelf, Eastern Siberia and the Far East. Currently Gazprom participates in several major projects, among them: Sakhalin II, Blue Stream, Nord Stream, Shtockman Project, Altai Project, Prirazlomnoye Oil Field.
According to the data of 2006, Gazprom totally owns 62 subsidiaries and over 100 companies are under its control. The headquarters of the company is located at Nametkina Street 16, Moscow.
Lukoil is the biggest private oil company in Russia. It basically focuses on exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Lukoil’s main resource base is situated in Western Siberia, while its refineries, gas processing and petrochemical plants are located in Eastern Europe as well as in Russia. The biggest Russian refineries are in Ukhta, Nizhny Novgorod, Volgograd and Perm.
State-owned oil concern Lukoil (formerly named LangepasUraiKogalymneft) was established in 1991.
Today the Company has around 1.3% of global oil reserves and 2.3% of global oil production. LUKOIL dominates the Russian energy sector, with almost 19% of total Russian oil production and 18% of total Russian oil refining.
Lukoil branches can be found in 19 countries including Russia, Azerbaijan, Belarus, Georgia, Moldova, Ukraine, Bulgaria, Hungary, Finland, Estonia, Latvia, Lithuania, Poland, Serbia, Romania, Macedonia, Cyprus and Turkey and the United States. The marketing network of the company consists of 200 tank farm facilities and 5,793 filling stations (including franchises).
Lukoil is quickly “moving forward” and hopes to become the leading oil company in Europe.
As the official site of the company states, Gazpromneft is Russia's fastest-growing oil company. Earlier known as Sibneft the company got a new name of Gazpromneft in 2006. This fact didn’t affect the development strategy of the company, but testified the change of the owner.
Noyabrskneftegas was established in 1981 and served as a basis for Sibneft, which was founded in 1995 by consolidation of Noyabrskneftegas and the Omsk Refinery assets.
Today the company’s proven oil reserves exceed 4.5 billion barrels of oil, which ranks the company among the top twenty private oil companies globally. The major part of reserves is located in Noyabrsk area and is not expected to run short in the next 18 years. Today Gazpromneft possesses over 1800 filling stations in Russia including franchisees.
Rosneft is one of the world-biggest vertically-integrated oil companies. Owning 2 refineries, four main oil terminals and a network of over 700 service stations, the company is among the top ten in crude oil production. Rosneft’s headquarters is located in Moscow.
Established in 1993, Rosneft became a successor of Rosneftegaz, which in its turn was founded on the basis of the former Ministry of oil and gas industry. After the years of regress in 1995-1998, the new management of the company headed by Sergei Bogdanchikov announced the new strategy. In 2000 Rosneft regained its right to be a profitable enterprise. Since then the company has acquired controlling stakes in 4 Russian oil companies. In 2006 Rosneft conducted USD 10.6 billion IPO.
The proved oil reserves of the company amount to 14.88 billion barrels (2.05 billion tonnes.
Surgutneftegaz
Surgutnefetegaz is another large oil company. Its main activities include prospecting, gas and oil filed constriction and development, production and marketing of oil, gas and petrochemical products.
The territory stretching along the middle section of the river Ob and surrounding Surgut, is one of the first territories where in the middle sixties oil and gas production started in Western Siberia. In 1993, the property complex of the production association “Surgutneftegas” became the basis for establishing a joint stock company, which retained the name “Surgutneftegas”.
Today over 50 divisions of the company operate on the market. The recoverable oil and gas reserves amount to 2.5 billion tons of oil equivalent.
Surgutneftegaz possesses 300 filling stations, 32 tank farms and 24 oil-storage tanks. The headquarters of the company is located in the city of Surgut, the Tyumen Region.
The company was established in 2003 by merger of BP’s Russian assets and assets of Alfa Access Renova group (AAR). Today TNK BP is known as a leading Russian oil company with principal refineries in Ryazan, Saratov, Nizhnevartovsk and Lisichansk in Ukraine. TNK-BP’s total proved reserves are 1.0 billion tons of oil equivalent. Headquartered in Moscow the company owns a network of about 1600 filling stations in Russia and Ukraine operating under TNK and BP brands.
Sources:
www.gazprom.ru
www.lukoil.ru
www.gazpromneft.ru
www.rosneft.ru
www.surgutneftegaz.ru
www.tnk-bp.ru
Olga Pletneva
