tag:blogger.com,1999:blog-3491806348496449986.post841136664050668666..comments2023-11-05T00:38:01.106-07:00Comments on Stock Market Notes: Gazprom Neft and KazMunaiGas Left Out of the Forbes Global 2000 and the PIW 50?Randy Kirkhttp://www.blogger.com/profile/08024008380359037761noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3491806348496449986.post-72534809230555595652008-07-30T10:29:00.000-07:002008-07-30T10:29:00.000-07:00Thank you, Jared, for your comment here. I think ...Thank you, Jared, for your comment here. I think you are spot on, on both firms currently -- concerning Gazprom Neft, that is of course PIW's decision to make, whether or not to include Gazprom Neft as a separate firm. I noted, for example, Anglo Platinum, which is over 70% owned by Anglo American, it not included as a separate firm in the Forbes Global 2000 rankings. (likely would be included, as it is the world's largest platinum producer by far, producing over 20% of the world's platinum on an annual basis).<BR/><BR/>Concerning KazMunaiGas, that is my mistake concerning the PIW 100, not noting the placement of KazMunaiGas. I am impressed to see that you are tracking this (I believe) relatively under appreciated firm. I think the firm should grow significantly going forward -- for example, acquisitions expected by KazMunaiGas over the next 12 months are expected to add over a billion barrels to reserves. See my previous entry on KazMunaiGas for reference. <BR/><BR/>Thanks again for the comment.Randy Kirkhttps://www.blogger.com/profile/08024008380359037761noreply@blogger.comtag:blogger.com,1999:blog-3491806348496449986.post-87974647574605096592008-07-24T09:10:00.000-07:002008-07-24T09:10:00.000-07:00Dear Mr. Kirk:Thank you for referring to the PIW T...Dear Mr. Kirk:<BR/><BR/>Thank you for referring to the PIW Top 50 in your July 22 blog entry. As one of the research analysts responsible for compilation of the Top 50, I would like to address the points you made regarding Kazmunaigas and Gazprom Neft. <BR/><BR/>As I am sure you are aware, Gazprom Neft is the oil-producing subsidiary of Gazprom, the Russian Federation's gas behemoth. Gazprom Neft, formerly known as Sibneft, was acquired by Gazprom in 2005. The company was 75.68% owned by the parent at the end of 2006, so it no longer warrants separate inclusion in the Top 50, particularly in light of Moscow's tightening control over its hydrocarbon resources. Indeed, Sibneft ranked #38 in the December 2005 PIW Top 50, reflecting results for 2004, the last full year of Sibneft's independence.<BR/><BR/>Kazmunaigas did not rank in last year's PIW Top 50. Based on the PIW Top 50 rankings methodology, which includes oil and gas reserves, oil and gas production, distillation capacity and product sales, the company simply did not make it based on its 2006 results. It could crack the Top 50 this year, and I invite you to check back in December, when the next edition will be available.<BR/><BR/>In the meantime, you may wish to have a look at The Energy Intelligence Top 100: Ranking the World's Oil Companies, our annual publication that starts with the PIW Top 50 but expands to include the next 50. In there you will find not only Kazmunaigas, but the rest of the world's leading national oil companies and their international oil company counterparts. (http://www.energyintel.com/Publicationdetail.asp?publication_id=107). As you will see, our rankings include the companies responsible for most of the world's oil and gas reserves, production, refining and marketing. <BR/><BR/>We always appreciate feedback. Thank you again for your interest.<BR/><BR/>Jared Anderson<BR/>Energy Intelligence ResearchJared Ahttps://www.blogger.com/profile/00667768728156992004noreply@blogger.comtag:blogger.com,1999:blog-3491806348496449986.post-38418778255003935282008-07-23T08:25:00.000-07:002008-07-23T08:25:00.000-07:00Dear Mr. Kirk:Thank you for referring to the PIW T...Dear Mr. Kirk:<BR/><BR/>Thank you for referring to the PIW Top 50 in your July 22 blog entry. As a one of the research analysts responsible for compilation of the Top 50, I would like to address the points you made regarding Kazmunaigas and Gazprom Neft. <BR/><BR/>As I am sure you are aware, Gazprom Neft is the oil-producing subsidiary of Gazprom, the Russian Federation's gas behemoth. Gazprom Neft, formerly known as Sibneft, was acquired by Gazprom in 2005. The company was 75.68% owned by the parent at the end of 2006, so it no longer warrants separate inclusion in the Top 50, particularly in light of Moscow's tightening control over its hydrocarbon resources. Indeed, Sibneft ranked #38 in the December 2005 PIW Top 50, reflecting results for 2004, the last full year of Sibneft's independence.<BR/><BR/>Kazmunaigas did not rank in last year's PIW Top 50. Based on the PIW Top 50 rankings methodology, which includes oil and gas reserves, oil and gas production, distillation capacity and product sales, the company simply did not make it based on its 2006 results. It could crack the Top 50 this year, and I invite you to check back in December, when the next edition will be available.<BR/><BR/>In the meantime, you may wish to have a look at The Energy Intelligence Top 100: Ranking the World's Oil Companies, our annual publication that starts with the PIW Top 50 but expands to include the next 50. In there you will find not only Kazmunaigas, but the rest of the world's leading national oil companies and their international oil company counterparts. (http://www.energyintel.com/Publicationdetail.asp?publication_id=107). As you will see, our rankings include the companies responsible for most of the world's oil and gas reserves, production, refining and marketing. <BR/><BR/>We always appreciate feedback. Thank you again for your interest.<BR/><BR/>Jared Anderson<BR/>Energy Intelligence ResearchJared Ahttps://www.blogger.com/profile/00667768728156992004noreply@blogger.com