Fuel Power Plan

[Warrior1]

24 Refineries in a National/Publicly traded oil company with global reach is what we need!!!
They say imitation is a form of flattery. If so, Nigeria needs to look to Venezuela to reform its fuel sector. Due to the policies of Venezuelan oil company PDVSA, the Venezuela are able to enjoy $0.19 per gallon or N6.12. The Venezuelan oil company, PDVSA, had decided that it was not the the crude oil export business but in the global petroleum and chemical business. So they invested in refining and retail business in Venezuela and almost all their export markets. These market include Europe, Caribbean, South America, Caribbean, Canada and United States. "PDVSA is among the leading corporations in the refining business, with a petroleum processing capacity of 3,285,000 barrels a day (1,285,000 barrels a day in Venezuela and 2 million barrels a day outside the country) through 24 refineries: six complexes in Venezuela, one in the Caribbean, eight in the United States and nine in Europe. There is also the Brazilian Oil company, Petrobras is renowned for its leadership in development of advanced technology from deepwater and ultra-deep water oil production. 55.7% of Petrobras' Commun Shares (with vote right) is owned by the Brazilian government, however privately held portions are traded on Bovespa, where it is part of the Ibovespa index. On April 21st of 2006, President Luiz Inácio Lula da Silva announced Brazil's self-sufficiency in petroleum on board the Petrobras P-50 Oil Rig, a Floating Production Storage and Offloading vessel.
I would advice the Mr. President to seek counsel of the architects of PDVSA and or call Mr. Putin or Silva to see what they are doing.

I would recommend three strategic steps to revolutionize our oil sector.
1. NNPC should be come a government/public firm with part of it shares allocated for Nigerians. This will provide the company with a new direction and ownership need for the global challenges.
2.NNPC should go on a buying spree with the aid of government funds to buy (outright or major) shares in refineries in Africa, China and United States. This will provide us with immediate source of refined products, opportunities to train our people and hard currency. Best of all this does not need the 18 to 24 months to build a refinery. This will also provide us a stop gag measure until we build more refineries. It is all about add value and we need to start doing that.
3.Start building 4 refineries and retail outlets to take care of the local demand as estimated for 2010. This will help put to rest the fuel challenges that we face as a Nation.
We have been bless with natural and human resources and it is time to use them.
God Bless Nigeria!!!!!!!!!

[Warrior1]

Here is a Profile of Venezuelan Oil Company (Source Citgo a USA subsidiary)

PDVSA Profile
Petróleos de Venezuela S.A.(PDVSA) is a world energy corporation, owned by the Venezuelan State. Its operations cover the exploration, production, refining, transport and marketing of hydrocarbons, as well as the Orimulsión®, chemical, petrochemical and coal businesses.

Resource Base
Venezuela has the largest hydrocarbon reserves in the Western Hemisphere, representing approximately half the region's reserves, which positions the country as fifth in the world in proven reserves. With the Orinoco Belt reserves, the country possesses the largest accumulation of liquid fuel on the planet.

Production
PDVSA has a production capacity, including the strategic associations and operating agreements, of 4 million barrels a day, while production exceeds 3 million barrels a day.

Refining
PDVSA is among the leading corporations in the refining business, with a petroleum processing capacity of 3,285,000 barrels a day (1,285,000 barrels a day in Venezuela and 2 million barrels a day outside the country) through 24 refineries: six complexes in Venezuela, one in the Caribbean, eight in the United States and nine in Europe.

Marketing
Venezuela generally exports 93 percent of its total hydrocarbon production. Approximately 54 percent of these hydrocarbon exports go to the United States and Canada.

Orinoco Belt
The production and upgrading of the huge extra-heavy crude reserves in the Orinoco Belt is being carried out by four strategic associations headed by PDVSA (Ameriven, Cerro Negro, Petrozuata and Sincor). Private-sector participation includes the U.S. companies: ExxonMobil, ConocoPhillips and ChevronTexaco; and the Europeans; Statoil and TotalFinaElf. Total production from these projects is planned to reach 600,000 barrels a day by 2008, following a $13-billion investment.

Socioeconomic development
PDVSA is genuinely committed to Venezuela's social and economic development, and is especially active in projects focused on health, education, environment, and local economy.

The State oil company has also begun a review aimed at integrating Social Investment into the framework of a vision of Corporate Social Responsibility that works directly with communities, and emphasizes the development of local small and medium-sized enterprises in oil-related and other sectors, especially cooperatives and microenterprises.

PDVSA in figures
Proven Reserves
Crude: 78 billion barrels
Gas: 148 trillion cubic feet

Production Capacity
Crude: 4 million barrels/day
Gas: 8.81 billion standard cubic feet/day

Refining Capacity
Domestic: 1.3 million barrels/day
Overseas: 2.0 million barrels/day

Current Production
Crude: 3.0 million barrels/day
Gas: 8.48 billion standard cubic feet/day

Orimulsion Production 6.2 million tons/year
Petrochemical Production 8.8 million tons/year
Coal Production 7.6 million tons/year
Sales 46.3 billion dollars
Exports to US: 1.5 million barrels/day

[Warrior1]

Petrobras is another example of a semi-public company.

Petrobras, short for Petróleo Brasileiro S.A., is a semi-public[1] Brazilian oil company headquartered in Rio de Janeiro. The company was founded in 1953 mainly due to the efforts of the Brazilian President Getúlio Vargas. While the company ceased to be Brazil's oil monopoly in 1997, it remains a significant oil producer, with output of more than 2 million barrels of oil equivalent per day, as well as a major distributor of oil products. The company also owns oil refineries and oil tankers. Petrobras is renowned for its leadership in development of advanced technology from deepwater and ultra-deep water oil production. 55.7% of Petrobras' Commun Shares (with vote right) is owned by the Brazilian government [2], however privately held portions are traded on Bovespa, where it is part of the Ibovespa index.
Pumpjack.
Pumpjack.

Petrobras operated the Petrobras 36 Oil Platform, the world's largest oil platform, up until an explosion led to its sinking on March 15, 2001.

Petrobras has expanded the reach of its operations beyond Brazilian borders. Today Petrobras controls oil and power industries assets, as well as related business activities, in 18 nations in Africa, North America, South America, Europe and Asia.

Petrobras produces also shale oil from the oil shale. Oil shale processing activities started in 1953 by developing Petrosix technology for of extracting oil from oil shale. The pilot plant started in 1982 and the commercial production started in 1992. At present, the company operates 2 retort, the largest of which processes 260 t/h of oil shale.

On 19 December 2005, Petrobras announced a contract with the Japanese Nippon Alcohol Hanbai for the creation of a joint-venture based in Japan to import ethanol from Brazil. The company, Brazil-Japan Ethanol, will have as its main object the creation of ethanol market in Japan.

The Financial Times newspaper listed Petrobras as one of the world's 500 largest companies in 2005.

On April 21st of 2006, President Luiz Inácio Lula da Silva announced Brazil's self-sufficiency in petroleum on board the Petrobras P-50 Oil Rig, a Floating Production Storage and Offloading vessel.

Petrobras is also widely recognized for being the largest sponsor of arts, culture and the environment in Brazil through several projects. Among the environmental initiatives, Petrobras is the main supporter of whale conservation and research through the Brazilian Right

[Warrior1]

From Wikipedia, the free encyclopedia
JSC Gazprom
Type Public/Joint stock company (RTS:GAZP MICEX:GAZP)
Founded 1989
Headquarters Flag of Russia Moscow, Russia
Key people Alexei Miller, CEO
Industry Natural gas extraction
Products Natural gas
Revenue Rb 2152 bn (2006, ~US$83.6 bn)
Net income Rb 636 bn (2006, ~US$24.63 bn)
Employees 397,000 (as of 2005)
Parent Russian Government
Website http://www.gazprom.com

Gazprom (RTS:GAZP MICEX:GAZP LSE: OGZD; Russian: ОАО Газпром, sometimes transcribed as Gasprom[1]) is the largest Russian company and the biggest extractor of natural gas in the world. With sales of US$ 31 billion in 2004, it accounts for about 93% of Russian natural gas production and with reserves of 28,800 km³, it controls 16% of the world's gas reserves (as of 2004[2], including the Shtokman field.) After acquisition of the oil company Sibneft, Gazprom, with 119 billion barrels of reserves, ranks behind only Saudi Arabia, with 263 billion barrels, and Iran, with 133 billion barrels, as the world's biggest owner of oil and oil equivalent in natural gas.[3]

By the end of 2004 Gazprom was the sole gas supplier to at least Bosnia-Herzegovina, Estonia, Finland, Macedonia, Latvia, Lithuania, Moldova and Slovakia, and provided 97 percent of Bulgaria's gas, 89 percent of Hungary's, 86 percent of Poland's, nearly three-quarters of the Czech Republic's, 67 percent of Turkey's, 65 percent of Austria's, about 40 percent of Romania's, 36 percent of Germany's, 27 percent of Italy's, and 25 percent of France's. [2] [3] The European Union gets about 25% of its gas supplies from this company. [4] [5]

Apart from its gas reserves and the world's longest pipeline network with 150,000 km, it also controls assets in banking, insurance, media, construction and agriculture.

With over US$ 300 billion of market capitalization (as of June 2007), Gazprom is the world's third largest corporation following this measure. [6] [7]
History

1989-1992: Inception
A separate Soviet gas industry was created in 1943. Due to large natural gas reserves discovered in Siberia, in the Urals and in the Volga region in the 1970s and 1980s, the Soviet Union became a major gas producer. Gas exploration, development, and distribution were centralized in a state ministry.

In July 1989 President Mikhail Gorbachev merged the ministries for oil and gas as part of his economic reforms, into a single industry, the Ministry of the Oil and Gas Industry of the USSR. A separate Soviet gas industry was again created in the early 1990s, before the break up of the USSR. In September 1990 the Gazprom board discussed transforming Gazprom into a joint-stock company. In 1991-92 talks were held between Russia, Ukraine and Belarus over creating a tripartite joint-stock company with all three states holding shares.

However by June 1992 this was abandoned and Gazprom in Russia became a state company. In November 1992 Gazprom became a joint-stock company (Russian: OAO), and it was to be partly privatized as a single unit. This contrasted with the Soviet oil monopoly which was initially broken up into three separate companies before privatization. Gazprom was privatized in 1994, with the state holding 40% of all shares. 15% were to be sold to workers and management at preferential prices. The leadership of Gazprom was able to keep control over privatisation by ensuring that sales of shares took place at closed auctions, which meant that the company could determine who attended the auctions. Viktor Chernomyrdin headed Gazprom.

1993-1997: Privatization
After the new Russian President Boris Yeltsin appointed Chernomyrdin to be his Prime Minister in December 1992, the political influence of Gazprom increased markedly. On January 26, 1993, Rem Viakhirev became the Chairman of both the Board of Director and Managing Committee.

As the new government was committed to economic reform, Gazprom began to be privatized, becoming a joint-stock company according to the Decree of the President of the Russian Federation of November 5, 1992 and the Resolution of the Council of Ministers of the Russian Federation of February 17, 1993, and starting to distribute shares under the voucher method, where every Russian citizen received vouchers to purchase shares of formerly state-owned companies. However, trading these shares was heavily regulated, and the by-laws of the company prohibited foreigners to own more than 9% of the shares.

Gazprom slowly established credibility in the western capital markets with an offering of 1% of its equity to foreigners in October 1996 in the form of London Depository Receipts and a successful large bond issue of US$ 2.5 billion in 1997.

On the second annual shareholders' meeting on May 31, 1996, Alexander Kazakov, the Chairman of Russia's State Property Committee, was appointed the Chairman of the Board of Directors, as the Russian law on JSC required the Chairman of the Board of Director and the Chairman of the Managing Committee positions to be occupied by different persons.

1998-2000: Scandals
In 1998 Chernomyrdin was fired from his position of Russia's Prime Minister by President Boris Yeltsin. At the same time, the Russian government suddenly started demanding billions of dollars in back taxes from Gazprom. When tax prosecutors started to seize assets of Gazprom, the company gave in and paid. The company's records started showing a loss for the first time. The reasons are unclear and were explained either by an aging pipeline transport network, by a management that was becoming increasingly corrupt, or by pre-existing losses that appeared because of more transparent accounting policies.

Gazprom conducted dubious transactions with the gas-trading company Itera and a Gazprom/Itera joint-venture, Purgaz, in the late 1990s, which allegedly benefited various management members and their relatives. Additionally, large-scale asset-stripping of Gazprom was going on by corrupt management and board members through various transactions involving the Gazprom daughter Stroitransgaz and the regional gas company Sibneftegaz. The Gazprom auditor PwC apparently had signed off and covered these transactions.[4]

The investment fund Hermitage Capital Management, a minority shareholder of Gazprom, reported on the scandals in October 2000: "Investors are valuing this company as if 99 percent of its assets have been stolen. The real figure is around 10 percent so that's good news". [5]

On the fourth annual shareholders' meeting on June 26, 1998, Farit Gazizullin, the new Chairman of Russia's State Property Committee, was elected Chairman of the Board of Directors.

On the fifth annual shareholders' meeting on June 30, 1998, Viktor Chernomyrdin became the Chairman of the Board of Directors.

On the seventh shareholders' meeting on June 30, 2000 (the sixth took place on August 26, 1999), Deputy Head of Russia's Presidential Administration Dmitry Medvedev occupied this position.

2001-2003: Reform years
Russian President Vladimir Putin was actively pursuing reforms in the management of the company in the years following the scandals. This was aided by shareholder activism by Hermitage CEO William Browder and former Russian finance minister Boris Fyodorov.

On May 30, 2001, the Board of Directors replaced Rem Vyakhirev, whose contract had expired, with Alexei Miller as the new CEO to guide the reforms; Rem Viakhirev was moved to the position of Chairman of the Board at the 8th shareholders' meeting on June 29, 2001, temporarily replacing Dmitry Medvedev who became his deputy.

In April 2001 Gazprom took over NTV, Russia's only nationwide state-independent television station held by Vladimir Gusinsky's Media Most holding, which caused major changes in its editorial policy. [8][9][10] On November 8, 2001 by the decision of a Moscow court of May 4, 2001 a block of shares comprising 25% of stock capital of the Media Most holding was transferred to Gazprom Media[11], a media holding founded in 1998 and owned by Gazprom (In 2006 it was transferred to Gazprombank, a subsidiary of Gazprom[6]). In July 2002 Gazprom Media acquired all Vladimir Gusinsky's shares in media companies of the holding, which resulted in dramatical changes of their editorial policy and closure of some publications. [12] In June 2005 Gazprom Media purchased the influential Russian newspaper Izvestia.

Until 2004 the Russian government held a 38.37% stake in the company, and had a majority on the company’s board of directors. Gazprom provides 25% of all Russian tax revenues (averaging over US$ 4 billion annually between 1993-2003) and accounts for 8% of the nation’s gross domestic product. Non-Russian investors may legally buy Gazprom shares only through Depositary Shares, which cost more than locally traded shares.

In 2004, President Putin announced that Gazprom was to acquire the state-owned oil-company Rosneft and that this will "eventually lead to the lifting of foreign ownership restrictions on Gazprom shares", as the stake of the Russian government in Gazprom will rise from 38.37% to a controlling position. [7]

However, Gazprom was foiled both in its attempt to acquire Rosneft, and its earlier attempt to buy the core asset of Yukos, when Yukos filed for bankruptcy in Houston. Fearing that it would fall foul of US law, Gazprom backed away from buying Yukos' main asset when the Russian government auctioned it in December 2004, leaving the more gung-ho Rosneft to buy it. After Rosneft had appropriated such a large and controversial asset, the technicalities of merging it into Gazprom became too complicated. Instead, Rosneft remained independent, to the delight of its own management. The state increased its stake in Gazprom to over 50% instead by paying cash for a 10.4% stake, thus fulfilling the main pre-condition for the abolition of restrictions on foreign ownership of Gazprom shares. At the time of writing, the market is still awaiting this move.

On July 26, 2004, Gazprom sold 49.979 percent out of its 100% share of the SOGAZ Ltd. insurance group to an unnamed purchaser for 1.69 billion rubles [13], and 26% more of SOGAZ in August 2004 for 879.3 million rubles. [8] [14] In January 2005 it turned out that ABRos, a subsidiary of the Russia bank, held a 49,97% share of SOGAZ.[9] [15]

2005-2006
In June 2005 Gazprombank, Gazpromivest Holding, Gazfond and Gazprom Finance B. V., subisidiaries of Gazprom, agreed to sell a 10.7399% share to the state-owned company Rosneftegaz for $7 bn, which was widely considered as an understated price[10], by December 25, which, combined with the 38% share of the State Property Committee, would give the state a controlling share. [16]

In September 2005, Gazprom bought 72.633% of the oil company Sibneft (now Gazprom Neft) for $13.01 billion, aided by a $12 billion loan from the west, which consolidates Gazprom's position as a global energy giant and Russia's biggest company. On the day of the deal the company was worth £69.7 billion/US$123.2 billion, about the GDP of Ireland in 2004.

Gazprom Shareholder Structure (as of September 5, 2005, [17]):
* State Property Committee of Russia (Rosimushchestvo) - 38.37315 %
* Rosneftegaz - 10.73985 %
* Gerosgaz - 2.92997 %
* E.ON Ruhrgas - 2.5 %
* Gazfond - 3.22159 %
* Nafta Moscow - 2.12502 %
* The Bank of New York International Nominees - 4.42218 %

On November 15, 2005, Gazprom CEO Alexei Miller and Saint Petersburg governor Valentina Matviyenko announced that Sibneft is going to build the Gazprom City business center including a 300 meters high skyscraper with its headquarters on the right bank of the Neva River in front of the Smolny Cathedral in St. Petersburg, despite current regulations forbid construction of a building of more than 42 (48 with expertise approval) meters high there (See Gazprom City).

On January 1, 2006, at 10:00 (Moscow time zone), Gazprom ended the delivery of gas for the Ukrainian market, calling on Ukraine's government to pay increased fees that partially reflect the globally increased fuel prices. See: Russia-Ukraine gas dispute.

During the night of January 3 - January 4, 2006, Naftohaz Ukrainy and Gazprom negotiated a deal that has resolved the long-standing gas price conflict between Russia and Ukraine, to the satisfaction of both parties.

As the Russian state had acquired a controlling share of Gazprom, in the very beginning of 2006 20% restriction on foreign investment was lifted and Gazprom became fully open to foreign investors.[11][12]

In April 2006, Gazprom market cap was US$ 270 billion.

On July 20, 2006, the Russian federal law On Gas Export granting Gazprom exclusive right to export natural gas was published and hence came into force (Full text in Russian: [18]). It was almost unanimously approved by the State Duma on July 5, by the Federation Council of Russia on July 7 and signed by Vladimir Putin on July 18.[13]

On April 3, 2006, Gazprom indicated it would triple the price of natural gas sold to Belarus after December 31, 2006. In December 2006 Gazprom threatened a cut-off of supplies to Belarus at 10 a.m. Moscow time on January 1, 2007, unless it agrees to raise the price it pays for the gas from $47 to $200 per 1,000 cubic metres or cedes control over its distribution network.[14] Analysts suggested Moscow could penalise Alexander Lukashenko, President of Belarus, for not delivering on pledges of closer integration with Russia[15], while others noted that other friendly countries like Armenia pay for the gas as much as Belarus with the new level and this had nothing to do with any punishments[19]. Later Gazprom requested $105 price[16], yet Belarus was still firm on the demands refusing the agreement. It responded that if supplies were cut, it would deny Gazprom access to its pipelines, which would hurt gas transportation to Europe.[17] However, on January 1, 2007 (Moscow time zone), just few hours before the deadline, Belarus and Gazprom signed the last-minute agreement. Under the agreement, Belarus undertook to pay $100 per 1,000 cubic metre in 2007. The agreement also calls for Gazprom to purchase 50% of the shares in Beltransgaz, the Belarusian pipeline network.[18] Immediately following the signing of this agreement Belarus declared a $42/ton transportation tax on Russian oil travelling through the Gazprom pipelines crossing its territory. (See Russia-Belarus energy dispute)
On December 21, 2006, Gazprom took control over a 50%-plus-one-share stake in Royal Dutch Shell's Sakhalin-II project[19][20] after Russian regulators had withdrawn an environmental permit for Sakhalin-II on September 18, 2006, citing damage to salmon streams. The latter event was widely interpreted as a move by the Russian government to force a renegotiation of the Sakhalin-II deal.[21].

2007
On July 4, 2007 the State Duma passed a bill giving Gazprom and Transneft the authority to create their own security forces with greater powers than other private security firms.[22] Gennady Gudkov, a deputy in the State Duma who opposed the bill, raised concerns by calling it a “Pandora’s box... This law envisages the creation of corporate armies. If we pass this law, we will all become servants of Gazprom and Transneft.”

Deputy chief executive Alexander Medvedev announced the company would aim to achieve a market capitalization of $1 trillion dollars "in a period of seven to ten years." He added: "we'd like to be the most-valued and most-capitalised company in the world."[23]

In June 2007, TNK-BP, a subsidiary of BP Plc agreed to sell its stake in Kovykta field in Siberia to Gazprom after the Russian authorities questioned BP's right to export the gas to markets outside Russia.[24][25][26][27] On June 23, 2007, the governments of Russia and Italy signed a memorandum of understanding to cooperate on a joint venture between Gazprom and Eni SpA to construct a 558-mile (900 km) long gas pipeline to carry 1.05 Tcf (30 billion cubic meters) of gas per year from Russia to Europe. The South Stream pipeline would extend under the Black Sea to Bulgaria with a south fork extending to Italy and a north folk to Hungary.[28][29][30]

Management
As of December 2006, its board of directors consists of Dmitry Medvedev (Chairman, First Deputy Prime Minister of the Russian Federation), Alexei Miller (Deputy Chairman), Alexander Ananenkov (Deputy Chairman), Burckhard Bergmann (Chairman of the Executive Board of E.ON Ruhrgas AG, member of the Executive Board of E.ON AG), Farit Gazizullin, German Gref (The Russian Federation Minister for Economic Development and Trade), Elena Karpel (Head of the Department for Pricing and Economic Expert Analysis, Member since June 25, 2004), Mikhail Sereda, Boris Fyodorov (Gazprom’s Shareholder), Viktor Khristenko (The Russian Federation Minister for industry and energy) and Igor Yusufov (Special Envoy of the RF President for International Energy Cooperation and Ambassador at Large of the RF Ministry of Foreign Affairs) [20].

Former Members of the Board: Alexandra Levitskaya (until June 25, 2004).
Gazprom's Management Committee as of December 2006: Alexei Miller (Chairman, Member since 2001), Alexander Ananenkov (Deputy Chairman, Member since December 17, 2001), Valery Golubev (Deputy Chairman, Member since April 18, 2003), Alexander Kozlov (Deputy Chairman, Member since March 18, 2005), Andrey Kruglov (Deputy Chairman, Head of the Department for Finance and Economics, member since 2002), Alexander Medvedev (Deputy Chairman, Member since 2002, Director-General of Gazexport Ltd.), Mikhail Sereda (Deputy Chairman, Head of Administration, Member since September 28, 2004), Sergei Ushakov (Deputy Chairman, Member since April 18, 2003), Elena Vasilyeva (Deputy Chairman, Chief Accountant, Member since 2001), Bogdan Budzulyak (Head of the Department of Gas Transportation, Underground Storage and Utilization, Member since 1989), Konstantin Chuichenko (Head of Legal Department, Member since 2002), Viktor Ilyushin (Head of the Department of Relationships with Regional Authorities of the Russian Federation, Member since 1997), Olga Pavlova (Head of the Department of Asset Management and Corporate Relations, Member since 2004), Vasiliy Podyuk (Head of the Department of Gas, Gas Condensate and Oil Production, Member since 1997), Vlada Rusakova (Head of the Department of Strategic Development, Member since September 5, 2003), Kirill Seleznyov (Head of the Department of Marketing and Processing of Gas and Liquid Hydrocarbons, Member since September 27, 2002, Director-General of Mezhregiongaz Ltd.). [21] Former Members of the Management Committee: Nikolai Guslisty (1997 - March 18, 2005), Yury Komarov (August 8, 2003, - May 12, 2005), Alexander Ryazanov (2001 - November 15, 2006), Mikhail Akselrod (until March 18, 2005), Boris Yurlov (until April 16, 2004), Nikolai Gornovsky (until April 18, 2003), Vladimir Leviev (until April 18, 2003), Sergey Lukash (until April 18, 2003), Vladimir Rezunenko (until June 26, 2003), Alexander Krasnenkov (until August 8, 2003).

Shares of the members of the Board of Directors and Management Committee (as of September 5, 2005, [22]):
* Alexander Ananenkov - 0.00709654% * Alexander Ryazanov - 0.00513865% * Bogdan Budzulyak - 0.00443534% * Vasily Podyuk - 0.00131962 %
* Elena Karpel - 0.00086595% * Vlada Rusakova - 0.00019009 % * Andrey Kruglov - 0,00006336 % * Boris Fyodorov - 0.00000422%
* Alexei Miller - 0.00000027% *Others have no share.

Subsidiaries
Incomplete list by countries
Russia
100% ownership
* Astrakhangazprom * Bashtransgaz * Burgaz * Ecological and Analytical Center for the Gas Industry * Gazpromexport * Gazflot * Gazkomplektimpex
* Gaznadzor * Gazobezopasnost * Gazoenergeticheskaya Kompaniya * Gazpromavia * Gazpromenergo * Gazprominvestarena
* Gazprominvestholding * Gazpromokhrana * Gazpromrazvitiye * Gazpromstroyengineering * Gazsvyaz * Informgaz * Informgazinvest
* Irkutskgazprom * IRTs Gazprom * Kaspiygazprom * Kavkaztransgaz * Kubangazprom * Lentransgaz * Mostransgaz * Mezhregiongaz
* Nadymgazprom * Nadymstroygazdobycha * NIIgazekonomika * Novy Urengoy Gas Chemicals Company * Noyabrskgazdobycha
* Science & Production Center Podzemgidromineral * Orenburggazprom * Permtransgaz * Podzemgazprom * Samaratransgaz * Severgazprom
* Severneftegazprom – holder of the licenses to develop the Yuzhno-Russkoye field * Sevmorneftegaz - holder of the licenses to develop the Shtokman
and Prirazlomnoe fields. * Surgutgazprom * Szhizhenny gaz * Tattransgaz * Temryukmortrans * Tomsktransgaz * TyumenNIIgiprogaz
* Tyumentransgaz * Uraltransgaz * Urengoygazprom * Volgogradtransgaz * Volgotransgaz * VNIIGAZ * Yamalgazinvest * Yamburggazdobycha
* Yugtransgaz
Ownership over 50%
* Dialoggazservice * Ditangaz * Electrogaz * Fora Gazprom * Future Fatherland Fund * Gazenergoservice * Gazcom * Gazmash * Gazprombank
* Gazpromgeofizika * Gazprom Neft * GazpromPurInvest * Gazpromtrubinvest * Gaztelekom * Giprogaztsentr * Giprospetsgaz
* Krasnoyarskgazprom * Orgenergogaz * Promgaz * SevKavNIPIgaz * Sibur * Tsentrenergogaz * Tsentrgaz * VNIPIgazdobycha * Volgogaz
* Volgogradneftemash * Vostokgazprom * Zapsibgazprom * Zarubezhneftegaz
Ownership 50% or less
* Achimgaz (50%) - joint venture with BASF * Caspian Oil Company * GazAgroFriport * Gaztransit * Gaz-Truby * Horizon Investment Company
* Novatek (19.9%) * Prometey-Sochi * RNKB * Rosneftegazstroy * Rosshelf * SOGAZ Ltd. Insurance Group (100% before 2004) * Stroytransgaz
* TsentrKaspneftegaz (50%) - joint venture with Lukoil to develop Tsentralnaya field in the Caspian Sea (jointly with KazMunayGas) * Tyumen Hotel * Vega Investment Company * VIP-Premier * Vologdapromresurs * YuzhNIIGiprogaz * Zavod TBD
Armenia
* Armrosgazprom (45%)
Austria
* GHW (50%)- a joint venture with OMV * ZGG-Zarubezhgazneftechim Trading GmbH * ZMB Gasspeicher Holding GmbH (66,67%)
Belarus
* Belgazprombank (50%) * Beltransgaz (50%)
Bulgaria
* Topenergo (100%) * Overgas Inc. AD (50%) - a joint-venture with Overgas Holding AD
Cyprus
* Leadville Investments Ltd
Czech Republic
* Gas-Invest S.A. (37.5%) * Vemex s.r.o. (33%)
Estonia
* Eesti Gaas AS (37.02%)
Finland
* Gasum Oy (25%)
* North Transgas Oy (100%) - former company for planning and constraction of North European Gas Pipeline
France
* Frangaz (50%) - a joint venture with Gaz de France
Germany
* Agrogaz GmbH (100%) * Ditgaz (49%) * Verbundnetz Gas (5.3%) * Gazprom Germania GmbH (100%) * Wingas GmbH (35%) – a joint venture with
Wintershall, the subsidiary of BASF * Wintershall Erdgas Handelshaus GmbH & Co. KG (50%) * ZMB GmbH (100%)
Greece
* Prometheus Gas (50%) - a joint company with Copelouzos Group
Hungary
* Panrusgas Rt (40%) - a joint venture with MOL * Borsodchem (25%) * TVK (13.5%) * DKG-EAST Co (38.1%)
Italy
* Volta SpA (49%) - a joint venture with Edison S.p.A. * Promgas (50%) - a joint venture with ENI
Kazakhstan
* KazRosGaz (50%) - a joint venture with KazMunayGas
Kyrgyzstan
* Munai Myrza
Latvia
* Latvijas Gāze (25%)
Lithuania
* Lietuvos Dujos (37.1%) * Kaunas CHP (100%) * Stella Vitae (30%)
Moldova
* Moldovagaz
The Netherlands
* BSPS B.V. (50%) - operator of the Blue Stream pipeline * Gazprom Finance B.V. * PeterGaz B.V. * Slovak Gas Holding B.V. – owns 49% of shares in SPP,
a Slovak gas company
Poland
* EuRoPol Gaz (48%) – operator of the Polish section of Yamal-Europe pipeline
Romania
* WIROM (25%)
Serbia
* JugoRosGaz (50%) * Progress Gas (50%)
Switzerland
* Baltic LNG AG (80%) - a joint venture with Sovkomflot for the development and sale of LNG * Nord Stream AG (51%) – operator of the planned Nord Stream
pipeline * ZMB (Schweiz) AG (100%) * Gas Project Development Central Asia AG (50%) - a joint venture with Centrex Gas & Energy Europe AG
Turkey
* Bosphorus Gaz Corporation AS (40%) - a joint venture with Tur Enerji * Turusgaz (45%) - a joint venture with BOTAS
Ukraine
* YuzhNIIgiprogaz
The United Kingdom
* Gazprom Marketing and Trading Limited (GM&T) (100%) * Interconnector (UK) Limited (10%) - operator of the Interconnector pipeline

From is the sponsor of Russian Premier League football club FC Zenit St. Petersburg. On January 1, 2007 Gazprom also became the sponsor of the German Bundesliga-Club FC Schalke 04. In order to become better known in Germany, the company pays up to €25 million a year to Schalke.
* List of Russian companies
* Gazpromavia * Blue Stream - Major trans-Black Sea gas pipeline co-owned by Gazprom
* Nord Stream - Planned gas pipeline between Russia and Germany * Russia-Ukraine gas dispute of 2005
* CentGas consortium * Shtokman field * Sakhalin-II * Gazprom City * Energy policy of Russia

[Warrior1]

[b]Petronas[/b]
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Petroliam Nasional Berhad (PETRONAS)
Petronas Logo
Type Public
(KLSE: PDB / PGB)
Founded 17 August 1974
Headquarters Petronas Twin Towers in Kuala Lumpur,
Flag of Malaysia Malaysia
Key people Tan Sri Dato’ Mohd Hassan Marican, Group CEO
Industry Oil and Gas
Products Oil
Natural gas
Petrochemical manufacturing
Shipping services
Revenue 51.0 billion USD (2007)
Net income 12.9 billion USD (2007)
Employees 33,944 worldwide
Website http://www.petronas.com.my

Petronas, short for Petroliam Nasional Berhad[1], is a Malaysian owned oil and gas company that was founded on August 17, 1974. Wholly owned by the Government, the corporation is vested with the entire oil and gas resources in Malaysia and is entrusted with the responsibility of developing and adding value to these resources. Petronas is ranked among Fortune Global 500's largest corporations in the world.

Since its incorporation Petronas has grown to be an integrated international oil and gas company with business interests in 31 countries. As of the end of March 2005, the Petronas Group comprised 103 wholly owned subsidiaries, 19 partly-owned outfits and 57 associated companies. Together, these companies make the Petronas Group, which is involved in various oil and gas based activities.

The Group is engaged in a wide spectrum of petroleum activities, including upstream exploration and production of oil and gas to downstream oil refining; marketing and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; petrochemical manufacturing and marketing; shipping; automotive engineering; and property investment.

Petronas built the Petronas Twin Towers (opened 1998), once the world's tallest buildings, as its headquarters.

In 2004, Minister in the Prime Minister's Department, Datuk Mustapa Mohamed, stated that Petronas contributed RM 25 Billion to the country's treasury accounting for 25 percent of revenue collected via dividends and other revenues.