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Being the biggest oil company in Russia, Rosneft is also the largest publicly traded company in the world based on its hydrocarbon production volume. BP holds a 19.75 % share in Rosneft which makes it a beneficiary to a broad range of existing and future projects in Russia, a country that has huge hydrocarbon resources.
Here are the top five most important oil fields in the world. 1. Ghawar (Saudi Arabia) The legendary Ghawar field has been churning out oil since the early 1950s, allowing Saudi Arabia to claim the mantle as the worldâs largest oil producer and the only country with sufficient spare capacity to act as a swing producer.