Russia s Rosneft Surpasses ExxonMobil To Become Worlds Biggest Oil Co.

General Sources
Thursday 21st March, 2013

Igor Sechin, chairman of Rosneft, in St. Petersburg, Russia in 2011. Rosneft is now the world’s leading publicly traded oil producer. (Image credit: Getty Images via @daylife) Russia-owned Rosneft is now the world’s largest publicly traded oil and gas company, surpassing ExxonMobil (XOM). The state owned Rosneft acquired TNK-BP this week, the troubled joint venture between BP (BP) and a Russian oligarch venture investment firm called Alfa Access Renova (AAR). Rosneft has been gobbling up companies over the years, having acquired the assets of Yukos Oil, then owned by billionaire Mikhail Kh…

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