By 1994 he had expanded that into a vast communications and oil conglomerate.

Next steps belong to Western oil conglomerates.

Seven of the top 20 companies in the Fortune 500 are oil conglomerates.

Supporters and opponents alike of drilling in the Arctic refuge have noted the reticence of the largest multinational oil conglomerates on the issue.

Mr. Abramovich is already the principal owner of Sibneft, a leading Russian oil conglomerate.

The problem, of course, is that harvesting and converting the heavy oil would require huge investments and improvements in technology by the international oil conglomerates.

On an international front, Saro-Wiwa was a valiant David battling globalization, military oppression, environmental devastation and oil conglomerates.

Included on the list of corporations charged were several major oil conglomerates as well as communications and fishing concerns.

And the unwieldy corporate structure of the oil conglomerate may have made the problems worse, some large institutional investors said.

Due to his business acumen, within a few years his wealth spread from oil conglomerates to pig farms and he also started investing in other businesses.