... result in efficiency savings, but allow a 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 companies back into the top 50 firms of the Financial Times Global 500, as only candidate Gazprom crashed out 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 and McDonald's. Finally, it is ...
... strained development. Like the 10 year dispute amid TNK-BP, Interros, Gazprom and other stakeholders, but a light at the end of 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 a detente by 1980s - due to this major pipeline projects and joint cooperation was simply out of the question. This does leave a question 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 ... ... "their man", whom they could trust (See: Bloomberg). Interestingly, an inteview I've posted with an 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 ...
