Sibneft

Sibneft was a major Russian oil company established in the 1990s, known for extracting and selling crude oil. It grew quickly, becoming one of Russia’s largest oil producers, and was involved in various energy projects. In 2005, it was acquired by Gazprom, Russia’s state-controlled gas company, and its assets were integrated into Gazprom Neft. The company played a significant role in Russia’s energy industry, contributing to the global oil market, and represented the shift from state-controlled to privatized energy assets during Russia’s post-Soviet economic transition.