Commentary
Depleted financial reserves and a shrinking tax base mean it is no longer possible to simultaneously deliver high defense spending, price stability, and economic growth.
Alexandra Prokopenko
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REQUIRED IMAGE
In The Media
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 on Jul 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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About the Author
Aleksandr Zaslavsky
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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