... new avenue of possibility as BP now has access to the Arctic with Rosneft. Hopefully, Rosneft's consolidation and LUKoil's upward trend will pull Russian... ... extravagantly this year by losing 26 places and ending up 57th due to the quickly changing European market. To add salt to the wound, Gazprom is now sandwiched between Walt Disney... ... already record breaking figures of about 90 mb/d, oil’s overall share in global energy utilization will actually fall as housing and power generation will substitute...
... the tunnel seems nearer as Russian politicians have stepped into to resolve some of the issues. Also, TNK-BP acquisition by Rosneft naturally resolves some of the long-lasting disputes. As the below map illustrates the extent of underdevelopment is quite obvious, particularly if compared to the European part of Russia. It is not surprising, since USSR and China have fell into hostilities during the 1960s and only reached ... ... cooperation was simply out of the question. This does leave a question to ponder in my next posts as how will history influence energy relations amid the two giants.
Japan has indicated that it may partake in Kovykta ("3" on map) if its ...
... seemed to be the most vulnerable due to Chavez's death, as it hedged massive funds in developing Venezuela's energy sector; Igor Sechin, President of Rosneft, viewed it as number one foreign investment opportunity. He even famously wore a t-shirt with Chave'z picture ... ... independent Russian oil producer touched upon working with the Chinese, apparently they are good colleagues (See: OGE).
- Europe Gas Woes:
As much as Europe has attempted to look elsewhere for its energy needs, recent developments in Iraq have once ...
