Gazprom, Russia’s largest company, produces 94% of the country’s natural gas, controls 25% of the world’s reserves, and is also the world’s largest gas producer. The company is engaged in gas exploration, processing, transport, and marketing. It operates Russia’s domestic gas pipeline network and delivers gas to countries of the former Soviet Union and Europe. Gazprom relies heavily on Western exports and partnerships. It also holds stakes in Russian financial institutions and a polypropylene plant, and has its own telecom network. The Russian government increased its stake in Gazprom from 38% to 51% for a reported $6 billion. Gazprom has acquired a 73% stake in Sibneft for a reported $11 billion.