Most Russian oil companies comprise a jumbled rag bag of assets |
Record high crude oil prices on international markets and a change of mentality following the slap in the face of devaluation have changed the style of Russia’s oil barons. Asset stripping and abusing minority shareholders used to be the name of the game: now production, investment and good behaviour are the fashion.
With money to burn on the back of record international prices, for the first time since the fall of the Soviet Union the leading companies are investing upstream and downstream to improve their profitability and efficiency.
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