The resulting company would be the world’s second-largest crude producer, behind Saudi Arabia’s Aramco, and would pump almost three times the output of Exxon Mobil.

Russia plans to merge its three largest oil companies into a single giant, reports the "Wall Street Journal." This operation is expected to create the second-largest oil company in the world. Kremlin representatives do not confirm this information.

Russia is working on a plan to merge state-backed Rosneft Oil with Gazprom Neft, creating the world’s second-biggest crude oil producer, the Wall Street Journal reported on Friday.

Russia is seeking to merge three major oil companies in a bid to create the world’s second-biggest crude oil producer, reports suggest. The combination of state-backed Rosneft Oil, Gazprom Neft and privately-owned Lukoil would be second to Saudi Arabia ’s Aramco and pump almost three times US oil producer Exxon ’s output,

Russia plans to merge its three largest oil companies into a single giant, reports the "Wall Street Journal." This operation is expected to create the second-largest oil company in the world. Kremlin representatives do not confirm this information.

The Russian government is considering the merger of three major oil companies - Rosneft, Gazprom Neft, and Lukoil. This move is expected to help secure more favorable energy deals with non-Western countries,

Moscow is exploring a plan to merge its three largest oil companies into a single mega oil producer, The Wall Street Journal reported Saturday. Under the merger, state-backed Rosneft Oil would absorb Gazprom Neft—a subsidiary of the natural gas giant Gazprom—and Lukoil,