The eighth sister: emerging multinationals. (Gazprom natural gas company in Russia)
Economist (US), The, October, 1994
The value of Gazprom is only estimated because little financial data is available from the company due to a vague corporate structure. In 1993, the company exported $6.7 billion worth of natural gas to Western Europe and produced 578 billion cubic meters of gas. A public offering is discussed.
IN RUSSIA, the world's biggest country, size has long counted for more than efficiency. Visitors to Moscow's Kremlin are proudly shown the world's biggest church bell and cannon--never mind that both of them were too big ever to work. Soon Russians will be able to boast of another giant. Gazprom, Russia's monopoly exporter of gas, is about to become one of the world's largest companies. The question is whether it can become an efficient one.
By any measure Gazprom is a...
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