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The Big Trade: Russian Companies Competing for Downstream Projects and Foreign Companies Seeking to Enter Upstream Projects

The Big Trade: Russian Companies Competing for Downstream Projects and Foreign Companies Seeking to Enter Upstream Projects

As the presidential race approaches we are witnessing President Putin’s efforts to speed up the exchange of assets with oversea energy corporations. His main goal is to take the Russian producers to the multinational level and become head of the most influential player on the global energy market. It will take crafty use of the main card – hydrocarbon resources, without which no western energy company can develop.

The Russian executive administrators adhere to a simple policy that makes it harder for western firms to work in Russia or even pushes them out of production projects. In exchange, the government suggests that they should think about the ways to let Russian corporations to downstream business. Only then Russia will be open for talks on upstream projects on its soil. Another subject of negotiations is access to resources in exchange for unique technologies.

The report dwells on the following subjects

  • Conditions for the work of foreign companies in Russia

    • Impending changes to the legislation, including amendments to the Subsoil Law.
  • Successful and failed strategies of foreign companies in Russia

    • Success of the German and Italian firms and its causes.
    • Issues of BP and Shell.
    • Conoco and its easy access to LUKOIL.
    • Sakhalin wars.
    • The outlook for oversea partners in offshore production business in Russia.
  • Russian companies and their oversea plans

    • The Gazprom’s invasion in Europe and the Rosneft’s plans for China.
    • LUKOIL as the most untypical company of Russia: unveiled bet on oversea projects.
  • Political protection methods

    • The EU’s methods against the Russian corporations’ expansion.
    • Opportunities for splitting producing, transporting and energy producing companies.
  • The outlook for the hydrocarbon production industry of Russia and exchange strategies

    • Problems in the upstream segment and their possible solution via new technologies and access to target markets.

The content of the report:

Introduction 2
Chapter 1. Russian and Foreign Oil and Gas Companies Target Each Other 3
1.1. Foreign Oil Companies in the Russian O&G Industry 4
1.2. Russian Companies’ Oversea Projects 10
Chapter 2. Russian Companies in Joint Projects 12
2.1. Gazprom Heading to Europe 12
2.2. Rosneft Heading to China 21
2.3. LUKOIL Relying Solely on Oversea Projects 25
2.4. Other Russian Companies in Oversea Projects 32
Chapter 3. Foreign Companies in Upstream Projects in Russia 35
3.1. BASF and E.ON the Most Successful Partners of Gazprom 35
3.2. Italy-based ENI and ENEL – the New Favorites of Putin 38
3.3. BP – Generally Successful Crusade for Projects in Russia with Ambiguous Results 40
3.4. EXXON MOBIL – the Giant Learns by Its Own Mistakes 43
3.5. Other Foreign Firms in the Russian Upstream 46
Prospect of Assets Trade between Russian and Foreign Companies 52
Date of publicationVolume
July 2, 200753 pages

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Analytical series “The Fuel and Energy Complex of Russia”:

New OPEC+ Deal and Future of Oil Business in Russia
Gazprom on the background of external and internal challenges
Regulation of Oil and Gas Sector in 2019 and Prospects for 2020
Fiscal Policy on Oil and Gas Sector: Revised as Often as Wikipedia
The tax system in the oil and gas sector continues to undergo radical changes. The beginning of 2019 saw the introduction of a new tax regime: additional income tax. That experiment was supposed to start migration of the oil industry to an innovative principle of taxation: on profit, not revenue. It seemed that a new main road was found. In the same year, however, the Finance Ministry launched an overt offensive against AIT. The fear of loss of government revenue now is more powerful than the threat of causing oil production to collapse in the medium term because of a tax system that does not stimulate investment. The Finance Ministry would strongly prefer to speed up the tax manoeuvre completion that earns the state budget additional money. Oil and gas companies respond to this with individual lobbying, attempting to wangle special treatment for their projects.
Ukrainian Gas Hub: Climax at Hand
The “zero hour” comes in less than a month: the contracts for gas transit through Ukraine and for supplying Russian gas to the country terminate at 10 am on 1 January. Meanwhile, Gazprom and Naftogaz are very far from looking for a mutually acceptable solution. The entire European gas business is watching intently the negotiations between Russia and Ukraine. Everyone is waiting for a new “gas war”: the January 2009 events proved to be a serious test both to European consumers and to Gazprom as a supplier. Is there still a chance of agreement? If there is not, will Gazprom cope with its obligations to deliver gas to Europe? Is Russia bluffing as it assures that the new infrastructure and gas in underground storage facilities will enable it to get by without Ukrainian transit even as soon as this winter? What will happen to Ukraine itself at the beginning of 2020?

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

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