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Russian Oil Giants Absent from World’s 10 Biggest Oil Companies

Commodities / Oil Companies Mar 21, 2009 - 12:04 AM GMT

By: Pravda

Commodities Energy Intelligence Group published the list of world's 50 largest oil companies. The companies of such little-known countries as Kazakhstan and Uzbekistan were included in the top 50 for the first time ever. Russian oil giants were not listed in the top ten.


The list was based on six factors, which particularly include the financial results of a company, production volumes, oil reserves, sales volumes, etc. The rating of 2009 is based on the statistics of 2007: the data required for such lists comes late and needs to be revised.

Twenty-seven of 50 largest oil companies in the world are state-run corporations.

The top ten includes the following companies: Saudi Aramco (Saudi Arabia), NIOC (Iran), Exxon Mobil (USA), PDV (Venezuela), CNPC (China), BP (Britain), Shell (Britain - The Netherlands), ConocoPhillips (USA), Chevron (USA) и Total (France).

Russian oil companies and the oil companies from the countries on the post-Soviet space were listed as follows: Gazprom (Russia) – the 13 th place, Rosneft (Russia) – the 16 th , Lukoil (Russia) – the 18 th , Surgutneftegaz (Russia) – the 29 th , Uzbekneftegaz (Uzbekistan) – the 34 th , Socar (Azerbaijan) – the 36 th , TNK-BP (Russia) – the 43 rd and Kazmunaigas (Kazakhstan) – the 50 th .

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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