... Forward". Moreover, in the last decade, LUKoil has shown a steady upward trend in the respected 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 10th ranked Rosneft not performing much better even though it is now the worlds biggest oil company by output. An interesting statistic shows that Rosneft ...
... ¼ of Russia’s oil and gas proven reserves, but these regions are extremely underdeveloped making casing, extraction and transport difficult. Key gas fields, like Kovykta, are isolated by taiga or encircled by canyons – these are not Gazprom friendly areas due to a lack of piping expertise. Besides technical issues, political factors have also strained development. Like the 10 year dispute amid TNK-BP, Interros, Gazprom and other stakeholders, but a light at the end of the tunnel ...
... Jinping visit did not generate outright deals, and it appeared that the mass media was right to dampen expectations towards only possible conclusions around the end of 2013 (See: FoxBusiness). The most recent negotiations have lasted since 2004, when Gazprom signed a cooperation deal with its Chinese counterpart for up to 68 bcm of gas (See: Bloomberg). This was a sizeable figure for China, as it is an emerging player in regards to this fuel type; although it currently adds up to a small portion of ...