Novatek
Sign in to saveNovatek (, , ) is Russia's second-largest natural gas producer (behind Gazprom), and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a head office in Moscow. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world.
Key facts
- Company.name
- Novatek PJSC
- Company.logo
- Novatek Logo.svg
- Company.type
- Public (ПАО)
- Company.founder
- Leonid Mikhelson
- Company.location_city
- Tarko-Sale
- Company.location_country
- Russia
- Company.key_people
- Alexander Y. Natalenko (chairman of the board of directors)Leonid Mikhelson (chairman of the management board)
- Company.industry
- Oil and gas
- Company.products
- PetroleumNatural gas
- Company.num_employees
- 5,997
via Wikipedia infobox
Article
7 sectionsContents
- History
- Ownership
- Sanctions
- Controversies
- See also
- References
- External links
Novatek (, , ) is Russia's second-largest natural gas producer (behind Gazprom), and the seventh-largest publicly traded company globally by natural gas production volume. The company was originally known as OAO FIK Novafininvest. Novatek is based in the Yamalo-Nenets Autonomous Region in West Siberia, and maintains a head office in Moscow. In the 2020 Forbes Global 2000, Novatek was ranked as the 316th-largest public company in the world.
==History== In 2006, the company produced roughly thirty billion cubic metres (1.1 trillion cubic feet) of natural gas. By 2010, production had grown to , and in 2011 to In 2010, Novatek supplied 13% of the domestic market and accounted for 32% of non-Gazprom production. Total reserves amount to using the Securities and Exchange Commission methodology. Regarding dry sales gas, Novatek operates only in the domestic market, which is characterized by artificially low prices. Novatek's earnings before interest, taxes, depreciation, and amortization and net profit margin in 2011 were 49% and 32%, respectively.