Gazprom is the largest natural gas producer in Russia and the largest natural gas company in the world. Its predecessor was the Russian National Natural Gas Konzern Company.
Mainly engaged in oil and gas geological exploration, development, production, processing, storage and transportation and sales.
In September, 2005, Gazprom acquired 75.6% of the shares of Siberian Oil Company, holding the absolute controlling stake of Siberian Oil Company, controlling 20% of the global natural gas reserves, and Russia's controlling stake in Gazprom also increased from 38.37% to 5 1%.
The acquisition of Siberian oil company is an important strategic move for Gazprom to become a global energy company, which further consolidates Russia's position as an energy power and makes its energy products more competitive in the world energy market. After the acquisition of Siberian oil company, Gazprom was renamed Gazprom.