Russian company ownership: Untangling the web

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03 September 2019

Russian company ownership: Untangling the web

Report summary

Understanding Russia’s oil and gas industry is no easy feat. Companies who consider entering the Russian upstream industry are faced with a complex web of interconnected companies. IOCs and NOCs alike have carefully built partnerships over time through joint projects and by taking direct stakes in companies, often with political support. Wood Mackenzie’s Russia Upstream team has created a complete mapping of the important ownership structures in Russia. We show their key stakes in companies and projects: How is BP connected with Rosneft? Who owns NOVATEK? What relationships have IOCs built?

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  • Important recent M&A deals in Russia:

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