Source Pravda.Ru

Russian oil and gas sector lacking direct investments

It is necessary that the volume of direct investments in the oil and gas sector of the Russian economy should be increased by a factor of 8 to $40bn, Chairman of the Council of the Russian Union of Oil and Gas Industrialists Yury Shafranik announced at a press conference today. He is of the opinion that a shortage of direct investments in the oil and gas industry was felt over the past 12 years and led to a decrease in Russia's oil output from 540m tons in the late 1990s to 370m tons in 2002. The forecast for 2003 is a little more optimistic, slightly over 400m tons. Shafranik added that in 2002 in Azerbaijan, Turkmenistan and Kazakhstan oil production had grown 20 percent against the late 1990s.

He also listed Royal Dutch/Shell, ExxonMobil, LUKoil and Gazprom as direct investors in the Russian oil and gas sector. British Petroleum and Rosneft are making "the first steps" in this respect, Shafranik specified.

Comments
Blame MH17 on Russia: International investigation turns into demonic circus
Putin must sue UK because of Skripal case lies
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
World leaders unite with Russia at St. Petersburg International Economic Forum
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
World leaders unite with Russia at St. Petersburg International Economic Forum
Boston Fakery ~ An Expose of the Boston Marathon Bombings Hoax
World leaders unite with Russia at St. Petersburg International Economic Forum
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus