Gazprom takes on leading world companies

Iraq News.Net
Saturday 10th May, 2008

The Russian energy giant Gazprom has become the world's third largest listed company by market value.

That comes just one day after its outgoing boss, Dmitry Medvedev, became Russia's president.

Shares of the world's biggest natural gas producer rose more than five per cent on the Moscow Stock Exchange on Thursday.

With its shares worth 228 billion euros, Gazprom is behind oil producers ExxonMobil of the US and China's Petrochina.

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