Looking to overcome Dieselgate, Volkswagen (OTCPK:VLKAY) is talking to Exxon Mobil (NYSE:XOM) and Gazprom (OTCQX:GZPFY) to back its efforts in promoting cars that run on natural...
By David MesslerThe war in Ukraine has sparked an exodus from Russia, and some of the biggest oil companies in the world are writing down billions of dollars in assets. Big Oil,...
Investing in the Canadian and Russian markets may not only be appealing for citizens of those countries. Bets on those regional assets could be beneficial for market participants...
Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally. The company operates in two segments, Upstream and Downstream. It holds interests in approximately 104 license blocks in Russia; and projects in Angola, Belarus, Bulgaria, Iraq, Italy, Kazakhstan, Tajikistan, Kyrgyzstan, Latvia, Estonia, Bosnia and Herzegovina, Hungary, Romania, Serbia, and Venezuela. As of December 31, 2020, the company had total proved and probable hydrocarbons reserves of 3.9 billion tons of oil equivalent. Public Joint Stock Company Gazprom Neft is also involved in the production, distribution, and marketing of refined petroleum products. In addition, it produces and sells motor and jet fuels, lubricants, bitumen products, and petrochemical products, as well as provides bunkering services. The company also distributes and markets its fuel through 1,870 filling stations. The company was incorporated in 1995 and is based in St. Petersburg, Russia. Public Joint Stock Company Gazprom Neft is a subsidiary of PJSC Gazprom.