RosneftPJSC Rosneft Oil Company (Росне́фть stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words Rossiyskaya neft (Российская нефть). Rosneft was founded in 1993 as a state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets.
Liquefied natural gasLiquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state (at standard conditions for temperature and pressure). LNG is odorless, colorless, non-toxic and non-corrosive. Hazards include flammability after vaporization into a gaseous state, freezing and asphyxia.
Economy of RussiaThe economy of Russia has gradually transformed from a planned economy into a mixed market-oriented economy. It has enormous natural resources, particularly oil and natural gas. It is the world's eleventh-largest economy by nominal GDP, and the sixth-largest by purchasing power parity (PPP). Due to a volatile currency exchange rate, Russia's GDP as measured in dollars fluctuates sharply. Russia's membership to the WTO was accepted in 2011.
EquinorEquinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger, Norway. It is primarily a petroleum company operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro.
Russian oligarchsRussian oligarchs (oligarkhi) are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal deals with former USSR officials (mostly in Russia and Ukraine) as a means to acquire state property. The Russian oligarchs emerged as business entrepreneurs under Mikhail Gorbachev (General Secretary 1985–1991) during his period of market liberalization.
Saint PetersburgSaint Petersburg, formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991; see below), is the second-largest city in Russia after Moscow. It is situated on the Neva River, at the head of the Gulf of Finland on the Baltic Sea. The city had a population of roughly 5.6 million residents as of 2021. Saint Petersburg is the fourth-most populous city in Europe, the most populous city on the Baltic Sea, and the world's northernmost city of more than 1 million residents.
Economic sanctionsEconomic sanctions are commercial and financial penalties applied by states or institutions against states, groups, or individuals. Economic sanctions are a form of coercion that attempts to get an actor to change its behavior through disruption in economic exchange. Sanctions can be intended to compel (an attempt to change an actor's behavior) or deterrence (an attempt to stop an actor from certain actions). Sanctions can target an entire country or they can be more narrowly targeted at individuals or groups; this latter form of sanctions are sometimes called "smart sanctions".
Russo-Ukrainian WarThe Russo-Ukrainian War is an ongoing international conflict between Russia, alongside Russian-backed separatists, and Ukraine, which began in February 2014. Following Ukraine's Revolution of Dignity, Russia annexed Crimea from Ukraine and supported pro-Russian separatists fighting the Ukrainian military in the Donbas war. The first eight years of conflict also included naval incidents, cyberwarfare, and heightened political tensions. In February 2022, Russia launched a full-scale invasion of Ukraine.
TyumenTyumen (tjuːˈmɛn ; Тюмень) is the administrative center and largest city of Tyumen Oblast, Russia. It is situated just east of the Ural Mountains, along the Tura River. Fueled by the Russian oil and gas industry, Tyumen has experienced rapid population growth in recent years, rising to a population of 847,488 at the 2021 Census. Tyumen is among the largest cities of the Ural region and the Ural Federal District. Tyumen is often regarded as the first Siberian city, from the western direction.
BPBP p.l.c. (formerly The British Petroleum Company p.l.c and BP Amoco p.l.c) is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.
