... exciting as the recent TNK-BP acquisition by Rosneft and the subsequent "aggressive consolidation" should not only 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 worth mentioning a few words about LUKoil’s President, Vagit Alekperov, as he is an unquestionably a big figure in the ...
... 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 hostilities during the 1960s and only reached ...
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March's Top News:
- Xi Jinping... From Russia With Love:
Xi Jinping visit to Russia was highly symbolic,... ... to oil (See: BruneiTimes). Oil discussions were a success, as Rosneft and CNPC signed several agreements; including first ever ... ... FoxBusiness). The most recent negotiations have lasted since 2004, when Gazprom signed a cooperation deal with its Chinese counterpart ... ... InterFax Energy). Additionally, Russia was unable to play-off Europe against China, due to the latters pressure. Russia hoped ...
