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The Independent UK
The Independent UK
World
Alexander Butler

Russia to ‘merge three oil companies’ to boost war effort

Oil Lukoil Russia United States Aramco Gazprom Neft Rosneft Vladimir Putin Saudi Arabia
The talks underline Vladimir Putin’s desire to support his war effort, reports suggest - (AP)

Russia is seeking to merge three major oil companies in a bid to create the world’s second-biggest crude oil producer, reports suggest.

The combination of state-backed Rosneft Oil, Gazprom Neft and privately-owned Lukoil would be second to Saudi Arabia’s Aramco and pump almost three times US oil producer Exxon’s output, according to the Wall Street Journal.

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