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Russian Production in the Middle East

Among the Russian oil majors, Lukoil is the most ambitious when it comes to plans outside the country. The Middle East is central to its strategy of concentrating 23 percent of its total production outside of Russia by 2015, and these plans in large part focus on Iraq.

by Aleksandr Zaslavsky
published by
Pro et Contra
 on July 12, 2006

Source: Pro et Contra

This article orginally appeared in Russian in "The Power of Oil and Gas" edition of the Pro et Contra journal (Volume 10, Nos. 2-3, 2006), published by the Carnegie Moscow Center.

Among the Russian oil majors, Lukoil is the most ambitious when it comes to plans outside the country. The Middle East is central to its strategy of concentrating 23 percent of its total production outside of Russia by 2015, and these plans in large part focus on Iraq. Unlike Lukoil, with its gigantic resources, Tatneft is developing one of Russia 's oldest fields. With each passing year, the problem of renewing its resources becomes pressing for the company. This drives its aggressive attempts to gain access to fields both in Russia and abroad. Tatneft is the only Russian company that managed to win recent auctions for exploring and drilling Libyan resources.

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EconomyClimate ChangeMiddle EastNorth AfricaCaucasus
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