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Kazakhstan

9Mar 2017

The Secret Wealth Of The World’s Richest Oil Billionaires

A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country’s natural resources.

As such, you won’t be surprised to learn that the largest energy companies in the world are owned and operated by governments, and they include: Saudi Aramco, Russian Gazprom, China National Petroleum Corp. (CNPC), National Iranian Oil Co., Petroleos de Venezuela, Brazil’s Petrobras and Malaysia’s Petronas. How they’re run varies wildly—as does where their wealth goes.