Gazprom: Biggest Overall Producer of Oil and Gas; Trebles Levels of Nearest Rival ...
Gazprom has been named the biggest overall producer of oil and gas, almost trebling the levels of its nearest rival, concludes the
latest report from industry experts GlobalData.
The new publication shows the Russian petrochemicals giant produced
3,340 million barrels of oil equivalent (MMboe) last year, exceeding the
company’s 2010 total by 35 MMboe and substantially outweighing
competitor levels.
But.
Gazprom’s future supremacy is under threat, however, with the US natural
gas boom presenting rivals with the opportunity to capitalize on
massively abundant reserves and correspondingly low sell-on prices.
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