Exclusive | Russia Explores Plan to Merge Oil Giants Into Mega Producer.

Russia is considering merging its largest oil companies, including Rosneft Oil, Gazprom Neft, and Lukoil, to create a national champion in the energy sector. This move could make Russia the world's second-biggest crude producer, after Saudi Arabia's Aramco, and potentially allow for higher prices in markets like India and China. The talks, driven by President Vladimir Putin's desire to strengthen Russia's energy sector amid global tensions, may or may not result in a deal, with obstacles including opposition from some executives and the challenge of funding the merger. The potential merger could have significant implications for Russia's economy, energy markets, and geopolitical landscape. [Extracted from the article]