Gazprom

Gazprom

Coordinates: 55°39′31″N 37°33′23″E / 55.65861°N 37.55639°E / 55.65861; 37.55639

Gazprom JSC
Газпром OAO
Type Public (OAO)
Traded as MCX: GAZP
LSE: OGZD
FWB: GAZ
OTCQX: GZPFY
Industry Oil and gas
Founded 1989 (1989)
Headquarters 16 Nametkina st., Moscow, Russia
Key people Viktor Zubkov
Alexei Miller
Products Petroleum, natural gas, and other petrochemicals
Services Gas pipeline transport
Revenue US$158.1 billion
Net income US$44.6 billion
Owner(s) Russian Government (50.01%)
Employees 393,000
Subsidiaries List of subsidiaries
Website www.gazprom.com

Open Joint Stock Company Gazprom (Открытое Акционерное Общество «Газпром», OAO Gazprom Russian: ОАО «Газпром», ) is the largest extractor of natural gas and one of the largest companies in the world. Its headquarters are in the Cheryomushki District, South-Western Administrative Okrug, Moscow. Its name is a contraction of Russian: Газовая промышленность, Gazovaya Promyshlennost, meaning "gas industry". Gazprom was created in 1989 when the Ministry of Gas Industry of the Soviet Union transformed itself into a corporation, keeping all its assets intact. The company was later privatized in part, but currently the Russian government holds most of the control in its hands.

In 2011, the company produced 513.2 billion cubic metres (18.12 trillion cubic feet) of natural gas, amounting to 17% of worldwide gas production. In addition, Gazprom produced 32.3 million tons of crude oil and 12.1 million tons of gas condensate. Gazprom's activities accounted for 8% of Russia's gross domestic product in 2011.

The major part of Gazprom's production fields are located around the Gulf of Ob in the Yamalo-Nenets Autonomous Okrug in Western Siberia, while the Yamal Peninsula is expected to become the company's main gas producing region in the future. Gazprom possesses the largest gas transport system in the world, with 158,200 kilometres of gas trunk lines. Major new pipeline projects include Nord Stream and South Stream.

The company possesses subsidiaries in many different industry sectors, including finance, media and aviation. In addition, it controls a majority of stakes in various companies.

Read more about GazpromReserves, Development and Exploration, Environmental Protection, Transmission, Sales, Company Characteristics, Shareholders, Subsidiaries, Sports Sponsorships

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