Russia is working on a plan to merge Rosneft, Gazprom Neft and Lukoil, creating the world's second-largest crude oil producer.
Delia Niculescu
International
foto:Jaque Silva / Zuma Press / Profimedia
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The merger would strengthen President Putin's influence over world energy markets. The talks reflect Putin's desire to mobilize the energy sector to support his war effort. Merger plans have sparked speculation, but obstacles include opposition from some executives of the companies involved. A combined company could allow Russia to get higher prices from customers in countries such as India and China.
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