Rating of world's best oil and gas companies includes three companies from Russia

According to The Boston Consulting Group, the company that specializes in management consulting, the top ten of world's best companies in the oil and gas industry includes three Russian companies.

The fifth place on the top 10 is taken by Tatneft, the eighth position belongs to LUKoil, while the company Novatek is ranked tenth.

Also read: Russia may run out of oil by 2044

The list was made on the basis of the analysis of total shareholder revenues of the companies during the period of five years from  2011 to 2015.

This index reflects a combination of growth in the share price of a company and their dividend yield. For Tatneft, the index makes up 20.8%, LUKoil - 12.1% and Novatek - 11.8% The rating also includes companies from Brazil and Canada.

Also read: Russia has lost two oil revolutions

Remaining places on the list are distributed between US companies that also comprise the top three of world's best companies in the oil and gas industry: Cheniere Energy with 46,5%, Tesoro - 43,3% and Valero Energy - 30,1%.

The petroleum industry in Russia is one of the largest in the world. Russia has the largest reserves of natural gas and acts as the world's largest exporter of this fuel. Russia's coal reserves are second largest in thr world. Russia also has eighth largest oil reserves, and is one of the largest producers of oil.

Russia produced an average of 10.83 million barrels (1,722,000 m³) of oil per day in December 2015.Currently, Russia produces 12% of the world's oil and has a similar share of global oil exports. In June 2006, Russian crude oil and condensate production reached to the post-Soviet maximum of 9.7 million barrels (1,540,000 m³) per day. Exceeding production in 2000 by 3.2 Mbbl/d (510,000 m³/d).

Russian exports consist of more than 5 Mbbl/d (790,000 m³/d) of oil and nearly 2 Mbbl/d (320,000 m³/d) of refined products, which go mainly to the European market. The domestic demand in 2005 was 2.6 Mbbl/d (410,000 m³/d) in averaged.

The biggest Russian oil company is Rosneft followed by Lukoil, Surgutneftegaz, Gazprom Neft and Tatneft.

Pravda.Ru

Read article on the Russian version of Pravda.Ru

Also read: Russia's major oil, gas and gold deals in Asia challenge the West