Gazprom is considered one of the most powerful owner of oil and gas reserves in the world. This Russian based company, which owns 17 per cent of the world's known gas reserves, is tied very closely to the Kremlin leadership through President Vladimir Putin's government. The Russian government holds a stake of just over 50 per cent, and the Gazprom chairman is a Russian deputy prime minister, Dmitry Medvedev, who is considered the front runner to become the successor to President Putin when the President steps down next year. The Gazprom board of directors, and its chief executive Alexei Miller, one of Putin's former associates from St Petersburg, is totally loyal to Putin.
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