Open Joint Stock Company Gazprom (Открытое Акционерное Общество «Газпром», OAO Gazprom Russian: ОАО «Газпром», IPA: [ɡɐsˈprom]; traded as MICEX-RTS: GAZP, LSE: OGZD, FWB: GAZ) is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow. Its name is a contraction of Russian: Газовая промышленность, tr. Gazovaya Promyshlennost, meanin...
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Open Joint Stock Company Gazprom (Открытое Акционерное Общество «Газпром», OAO Gazprom Russian: ОАО «Газпром», IPA: [ɡɐsˈprom]; traded as MICEX-RTS: GAZP, LSE: OGZD, FWB: GAZ) is the largest extractor of natural gas in the world and the largest Russian company. Its headquarters are in Cheryomushki District, South-Western Administrative Okrug, Moscow. Its name is a contraction of Russian: Газовая промышленность, tr. 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 a controlling stake.
In 2008, the company produced 549.7 billion cubic metres (BCM) of natural gas, amounting to 17% of the worldwide gas production. In addition, the company produced 32 million tons of oil and 10.9 million tons of gas condensate. Gazprom's activities accounted for 10% of...
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