All Russian oil-and-gas companies were pushed from their positions by emerging Chinese companies in yearly rating PFC Energy 50. The first place was taken by Petrochina, which displaced ExxonMobil. As a result, Gasprom was only third. Analysts admitted there are 2 reasons:
1) in general the problem of inflation production cost all over the world;
2) a very strict tax conditions for Russian companies in opposition to the world companies, which are not so pressed.

Every year PFC Energy publishes the rating of 50 biggest of market capitalization companies in oil-and-gas industry. In 2007 the total market capitalization of included in the rating companies increased to 45%, and was $5 trillion. In fact, the authors of the rating mention that essential part of this growth is caused by exchange difference, e.g. Shell increased to 19% in USD and 8% in Euro.
This year was not very fortunate. Gasprom moved from the 2nd to 3d place, Rosneft – from 13 to 15, Lukoil – from 15 to 19, Surgutneftegas – from 17 to 26. Russian state companies showed their rising up: Gasprom to 13%, Rosneft –o 5%. At that time private companies Lukoil and Surgutneft fell down to 1% and 19% respectively.

Average growth of Russian companies was 15% - the same as ExxonMobil and BP.
And experts note additional troubles in the Russian oil-and-gas sector. The reason is in reducing the operational and financial indicators. For example, in 2007 rate of mining growth to 11%, now - 2-2,5%. During last few years the growth of specific consumption was close to 20% yearly. And the main factor restricted the oil-and-gas capitalization companies was the system of taxes, connected to the price for oil and leveled the effect of the price growth.
Russian experts suppose next year Russian companies will not be able to increase their positions. Only after government make necessary arrangements for smoothen the system of taxes, but it is possible not earlier than 2011.

The absolute leaders of PFC rating are Chinese companies. Petrochina took the first place (quoted structure of state CNPC), which capitalization increased to 181% ($723.2 billion) after IPO at Shanghai Securities Exchange. Sinopec increased to 157% and moved from 12 to 15 places, CNOOC – to 80% and became a leader of mining companies. China Oilfield Services became a leader in the sector of oil services (+633%), took the 5th place after traditional leaders, such as Schlumberger, Halliburton, Baker Hughes and Weatherford. Besides, the first time Spain Iberdrola Renovables Company of alternative energy appeared in the rating and took the 36th place. All companies in this sector presented average growth to 145%, more three times than basic rating.