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Who benefits from Russian gas and oil?

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Presentation on theme: "Who benefits from Russian gas and oil?"— Presentation transcript:

1 Who benefits from Russian gas and oil?
Russian wealth Who benefits from Russian gas and oil? Lesson 5  Plenary

2 Key ideas Oil and natural gas bring great wealth – petrodollars – to corporations and the people who own them Russia is home to some of the world's largest energy companies. Many are transnational corporations (TNCs) that have investments in Asia, Africa and South America too The owners of Russia’s energy TNCs are amongst the world’s wealthiest people. Many are dollar billionaires

3 Gazprom Lukoil Rosneft Russian oil companies
Leading global gas company Annual profits $US39 billion Gazprom Oil and gas giant Annual profits $US11 billion Lukoil Part-owned by government Rosneft

4 How many have fossil fuel wealth?
Russian billionaires Rankings Names Sources of wealth Net worth in US billion dollars 1 Alisher Usmanov steel, telecom, investments 18.6 2 Mikhail Fridman oil, banking, telecom 17.7 3 Viktor Vekselberg oil, metals 17.1 4 Vladimir Lisin steel, transport 15.1 5 Leonid Mikhelson gas, chemicals 14.7 6 Vladimir Potanin metals 14.6 7 Gennady Timchenko oil & gas 14.4 8 Vagit Alekperov LUKoil 13.1 9 German Khan 11.4 10 Sergey Galitsky retail 11.2 11 Andrey Melnichenko coal, fertilizers 10.9 12 Mikhail Prokhorov investments 10.5 13 Alexei Mordashov steel, investments 14 Roman Abramovich 9.5 15 Alexey Kuzmichev 8.8 16 Dmitry Rybolovlev fertilizer 17 Andrei Skoch steel 8.2 18 Yevtushenkov telecom 19 Oleg Deripaska aluminum, utilities 8.0 20 Suleyman Kerimov 6.7 21 Iskander Makhmudov mining, metals, machinery 6.5 22 Leonid Fedun Lukoil 6.2 23 Pyotr Aven 24 Filaret Galchev construction materials 6.1 25 Sergei Popov banking 5.4 26 Samvel Karapetyan development 4.3 27 Alexander Abramov steel, mining 4.0 28 Arkady Rotenberg construction, pipes, 3.9 29 Igor Kesaev tobacco distribution, retail 30 Andrei Guriev fertilizers 3.8 How many have fossil fuel wealth? The answer is 10


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