Russian company ownership: Untangling the web

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 and a simple walk-through video of the important ownership structures in Russia. On the schematic, we show the key companies and projects: How is BP connected with Rosneft? Who owns NOVATEK? What relationships have IOCs built? Watch the video to get a simple explanation of the ownership structures. Learn how you can easily view ultimate and direct ownership in Wood Mackenzie’s Lens.