Industry Analysis & Company Profiles Essay Example | Topics and Well Written Essays - 750 words

Industry Analysis & Company Profiles - Essay Example Some of these top companies that explore and refine oil include; Gazprom, Saudi Aramco and the Royal Dutch Shell companies. This paper will look at the three oil companies and give a detailed discussion of the historical background and their development over the years. Gazprom Neft is an oil company that has its headquarters in Russia has achieved to be among the fastest growing company in  oil production across the industry. Gazprom Neft has attained a 10.6% annual growth against  a  production volume of  10, 85 million tones (Usa, 2010). The Priobskoye Oil field that is owned by  Gazprom Neft- is  one of  the largest oil fields that the company owns and is also one of the most promising oil field. Full development of  this field began in  2004, and since then, the field has contributed to 33% of  the Company’s total oil output by 2011. The Company has plans to  design and develop new oil fields both in  both Russia and other countries outside Russia. There are fields found in  the north of  the Yamal Peninsula that have huge potential and are be  able to  produce more 20  million tones once they developed (Usa, 2010). Another oil company is the Saudi Aramco Oil Company. The Saudi Aramco company has always focused on initiatives that are seen to bear the potential to create and invest the oil sector in Saudi Arabia as well as create more jobs for the nationals of Saudi Arabia. Apart from being a leader in creating an enterprise culture in the Kingdom, the company wants to diversify the national oil economy and attract more overseas investors into the kingdom. In order for the company to achieve these objectives, there is a close collaboration with the different business lines that exist across the company that serves to leverage Saudi Aramco’s assets as well as its liabilities. The Localization & Clusters Department has the responsibility of seeing Saudi Aramco’s process of procurement of its goods and