Best Oil & Gas Upstream Companies in Russia
The 35 best Oil & Gas Upstream companies in Russia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Ruspetro.
Ranked: Best Oil & Gas Upstream companies in Russia
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ruspetro Provider of AI-powered hygiene monitoring and energy efficiency retrofits | $207M | 147 mo ago | Series C | Sergey Zabavsky CEO | 2012 | — | — | — | — |
| 2 | LUKOIL Provider of integrated upstream and downstream oil & gas services | — | 60 mo ago | Public | — | 1991 | BootstrapMicrosoft ASP.NETMarionette.js+13 | 78 signals ▲1200% Acquisition · Regulatory · Contracts | — | — |
| 3 | Gazprom Provider of natural gas & oil production, processing, and transportation services | — | 82 mo ago | Public | Alexey Miller CEO | 1989 | NginxSwiperjQuery UI+5 | 6 signals ▼82% Earnings · Acquisition · Lawsuit | — | — |
| 4 | NOVATEK Provider of oil and gas exploration, production and other services | — | 199 mo ago | Public | Leonid Mikhelson CEO | 1994 | PHPHandlebarsBackbone.js+14 | 7 signals ▲75% Announcements · Earnings · Regulatory | — | — |
| 5 | Alliance Oil Provider of vertically integrated oil & gas refinery services | — | — | Deadpooled | — | 2009 | — | — | — | — |
| 6 | Arktikmorneftegazrazvedka Prospector, explorer and developer of oil and gas fields. | — | — | Acquired | — | 1979 | 1C-BitrixPHPNginx+8 | — | — | — |
| 7 | Barrus Projects Developer of solar & wind energy projects and provider of freight forwarding services | — | — | Unfunded | Dennis Pastukhov CEO | 2015 | 1C-BitrixBitrix24PHP+6 | — | — | — |
| 8 | Bashneft Developer of non-renewable energy based power projects | — | — | Acquired | Alexander Korsik CEO | 1946 | — | — | — | — |
Top 4 Oil & Gas Upstream companies in Russia
#1
Series C · Moscow, Moscow · founded 2012$207Mraised▾
Provider of AI-powered hygiene monitoring and energy efficiency retrofits. This company offers an artificially intelligent monitoring system for hand hygiene compliance in healthcare settings, aiming to prevent infections. Additionally, it provides energy efficiency retrofits for various building types, including condominiums, apartments, and commercial spaces, resulting in significant energy cost savings. The retrofits incorporate tailored solutions with warranties and aim for low failure rates. The company also offers electrical contracting services.
- 2014Conventional Debt$150M
- 2014Series C$207M
#2
Public · Moscow, Moscow · founded 1991 · 103600 employees—raised▾
Provider of integrated upstream and downstream oil & gas services
#3
Public · Saint Petersburg, Northwestern Federal District · founded 1989 · 469000 employees—raised▾
Gazprom is involved in geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel as well as generation and marketing of heat and electric power. In 2020, the company recorded annual revenues of $90.5 B and a net loss of $-921.2 MIn 2021, the company recorded annual revenues of $117.3B and a net profit of $25.44B
#4
Public · Moscow, Moscow · founded 1994 · 5997 employees—raised▾
In 2021, the company recorded annual revenues of $15.4B and a net profit of $5.87B
Funding & investor landscape
Market landscape — 10 sub-themes by coverage
Share of Oil & Gas Upstream coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.