According to newspaper Vedomosti, Gazprom’s 2009 profits amount to 600 billion RUB according to Russian accountants standards, which is the company’s biggest ever. However, most of the sum is not “real money”, but comes from the higher value of the company’s main subsidiary Gazprom Neft. While Gazprom in early 2009 controlled 59 percent of Gazprom Neft, it has by April 2010 increased its stake to 95,7 percent. In the same period, the stock value of Gazprom Neft increased strongly, thus giving Gazprom the extra profits, Vedomosti reports.
