Gazprom

"In theory, Gazprom should be one of the world's premier blue-chip companies. It owns the largest gas reserves in the world, employs thousands of highly qualified professionals, and most of Europe is its captive customer. But in reality, it appears that the company is coming apart at the seams.".......

"Had Gazprom been managed as a gas company and not a subsidiary of the Foreign Ministry, it would not have suffered so many losses -- both financial and reputational. Gazprom can recover from its losses under one condition -- if it cuts its umbilical cord to the Kremlin."

From Blue Chip to Fizzle

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ex nihilo

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