To keep an economy growing,we also have to keep putting oil into energy expansion.
A major oil and energy player is LUKOIL, which with 2012 sales of 139 billion, produces and distributes a wide range of petroleum and energy products such as gasoline, heating oil, crude
petroleum, jet fuel, lubricants, natural gas, and petrochemicals. It is listed in both fortune’s and forbes’ world’s 100 largest companies are government-owned, such as in Saudi Arabia, lran, and Venezuela. Among privately owned oil firm, LUKOIL is the world’s fourth largest, accounting for 17 percent of Russian crude oil production and refining.