Russian officials and business executives are said to be in discussions about merging the country's largest oil companies into one entity.
If this consolidation were to happen, it could have a significant impact on the Russian oil industry.
The potential plan involves Rosneft PJSC acquiring Gazprom Neft and Lukoil PJSC. These discussions have been ongoing for several months, but there is no guarantee of a finalized deal, and the plans may change.