... statutory capital (or 50% voting trust) belonging directly or indirectly to the state and a 5-year experience of work on the Russian shelf are allowed to be the users of the subsurface resources of the shelf. Only four companies meet these criteria: Rosneft, Gazprom, Gazpromneft, and Zarubezhneft. At the moment the situation around Rosneft’s shelf projects with foreign companies being involved is still not clear. Rosneft is likely to lobby for the liberalization of access to shelf deposits, as most of the ...
... Financial Status for 2012
http://www.novatek.ru/ru/investors/reviews/
6
. Rosneft Data of February 1, 2013
http://www.rosneft.ru/news/pressrelease/01022013.html
7
. See Presentation to the Address of Rosneft President Igor Sechin in New York
http://www.rosneft.ru/attach/0/07/06/prezent_sechin_NY.pdf
8
. See Gazprom in Figures 2008-2012: Handbook
http://www.gazprom.ru/f/posts/30/948971/gazprom-reference-figures-2008-2012-rus.pdf
9
. See presentation of Rosneft President Igor Sechin in New York
http://www.rosneft.ru/attach/0/07/06/prezent_sechin_NY.pdf
and ...
... logo "Always Moving 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 ...
... 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 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 ...
... beyond 2030) in just three years (See: UPI). Therefore, state run firms do not have to be negatively looked upon. It is nevertheless important that this giant is guided into the right direction. It will be interesting to see how the relationship between Rosneft develops with the Russian government, as Gazprom has always been the state official and legal monopoly, but as the former's potential grows, particularly in gas, this status quo may alter. Currently, Ministry of Natural Resources backs Gazprom (See: InterfaxEnergy). Finally, whether ...
