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Name two (2) large state corporations in Putin’s Russia, and explain what their ‘line of business’...

Name two (2) large state corporations in Putin’s Russia, and explain what their ‘line of business’ is.

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Answer #1

1. Gazprom - The company is majority owned by the Government of Russia - line of business - Oil and Gas exploration, Oil and Gas transportation, refining and marketing oil and gas. Gazprom produces nearly 513 billion cubic meters of natural gas, which is seventeen percent of global gas production and Gazprom also produces about 32.3 million tons of crude oil.

2.. Rosneft - The company is controlled by the Putin's Russian government through Rosneftegaz holding company. In revenue term, It is 3rd largest company in Russia and 2nd largest state owned corporation in Putin's Russia after Gazprom. Line of Business - Rosneft specialized on exploration, extraction, tranprtation, production, refinement, , and sales and marketing of petroleum andnatural gas. Rosneft operates in more than 20 countries around globe.

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