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VisitWill Rosneft, Gazprom Neft, and Lukoil merge by end of 2025?
Yes • 50%
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Official announcements from the Russian government or the companies involved, verified by major news outlets like WSJ or Reuters
Russia Merges Rosneft, Gazprom Neft, Lukoil into World's Second-Largest Oil Producer: WSJ
Nov 11, 2024, 08:59 AM
Russia is reportedly working on a plan to merge its three largest oil companies, Rosneft, Gazprom Neft, and Lukoil, into a single national champion, according to the Wall Street Journal. This move aims to create the world's second-biggest crude oil producer, only surpassed by Saudi Arabia's Aramco. The merger is expected to help Russia secure more advantageous energy deals with non-Western states and potentially enable the country to negotiate higher prices from customers in places like India and China. The combined state-backed entity would produce almost three times as much oil as Exxon Mobil, the largest American producer.
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