Business Services Industry
RUSSIA: GAZPROM'S NET PROFITS FALL.(Brief Article)
IPR Strategic Business Information Database, April, 2002
Gazprom, the Russian natural gas monopoly, has announced that in the first nine months of 2001 its net profits fell by US$205 million year on year to US$1.101 billion, according to Interfax. The company stated that its operating income in the nine-month period rose to US$5.559 billion from US$3.877 billion in the same period in the year 2000, according to the Moscow Times.
Gazprom, Russia's largest company, produces 94% of Russia's natural gas and controls 25% of the world's gas reserves. Gazprom is also the world's largest gas producer. The company specializes in gas exploration, processing, transportation, and marketing. Gazprom operates Russia's domestic gas pipeline network and delivers gas to the Commonwealth of Independent States (CIS) and Baltic states and...
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