... the assets of Bashneft, Rosneft gained a significant share of the Iraqi market. Bashneft had been developing Block 12 in the governorates of Muthanna and Najaf. Nonetheless, as Russia’s political interest in the region grew, the positions of Russian energy companies, including Rosneft, became stronger. It was against this background that in 2017, at the 21st St. Petersburg International Economic Forum, Rosneft concluded an investment contract with the government of the Kurdistan Region (open sources estimate this contract to ...
... development. He divided the presentation into three parts: the sanctions and their effect on the Russian market, the world price of oil, and the role of gas in Russia’s future.
He first discussed the impact of sanctions on the development of Russian energy, claiming that the sanctions themselves did not cause significant damage to Russia’s energy industry, but contributed instead to the balancing of industry towards the state. Modern technologies, which are currently underdeveloped in Russia, have ...
... exploration and production of hydrocarbons. This report is the first of its kind for LUKoil, allowing one to peek at the global energy landscape via the lens of a Russian oil major. As usual, I also add extra weblinks and interesting info. Hence, please ... ... Platts Top 250 Majors Ranking, where today it ranks 11th. It is quite a remarkable rank considering that it is directly below Rosneft and near to 5th placed Gazprom. It shows that gigantomania is not key to success as efficiency still strikes true, with ...
... the Asian market saturated.
Winding Road Ahead - Oil:
ES-2030 success will depend on the interactions between the Russian energy elite and politicians, who tend to interrelate greatly, especially at the top. The Pacific Ocean Oil Pipeline (ESPO) is ... ... factor behind ES-2030 and ESPO’s success will be the Vankor Oil Field and its interrelation with subsidies and taxation. Rosneft cunningly managed to reclassify its geographic location as an Eastern Siberian oilfield, which initially resulted in zero ...
... miracle, especially in respect to oil (See: BruneiTimes). Oil discussions were a success, as Rosneft and CNPC signed several agreements; including first ever Arctic joint-venture for an Asian country (See: Bloomberg). Alexander Novak, Russia's Energy Minister, said Rosneft will send an extra 2 million tonnes of oil to China along ESPO oil pipeline in 2014, and will gradually increase such shipments to 15 million tonnes by 2018; which is huge news for players involved (See: Interfax). Due to these deals China will ...
