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The Center for Current Politics presents the analytical report:
Release date March 20
Report size 60 pages
Price 380 Euro (hard+electronic version)
The past year proved to be crucial for the Russian companies of the oil and gas industry. A new fundamental repartition of property was unfurled in the oil & gas market by the state officials representing the interests of the power political groupings from the circle of Russian President Vladimir Putin. As a result, the share of the state companies in the home production of oil increased from 7.3% in 2004 to 28% by the beginning of 2006. However, this is only the start - attaining control over the resources that carry a considerable potential is for the Russian elite groupings the main goal today. In the first place, this is ridden by the approaching president election in 2008 that should determine the future of the officials that are currently at power. That is why the state's expansion into the oil & gas market will continue with growing speed.
The new report analyses the following:
Financial Results of Oil Companies.
Despite the high oil prices, the
growth of oil production has nearly come to a halt - the level of oil extraction in the country
is stabilizing. The growing profits of the oil enterprises are used to achieve political goals,
which has an adverse effect on the production showings. Oil export has begun to reduce due to the
lack of transporting capacity, oil production can start falling because of the lack of
investments. However, this does not intimidate the ideologists of the new oil industry
repartition. The gas state-run monopoly Gazprom has started expanding into the oil market after
the acquisition of Sibneft. The state-owned Rosneft has moved from the 8th to the 3rd place in
the list of the largest oil producing companies, and the daily production volume in December 2005
took the company to the second place in the respective list of Russian companies.
Gas Companies in 2005.
Gazprom cannot prevent the falling production at
its major gas-fields. However, the company is channeling its investments into the oil and electro
energy sectors. The falling production of the monopoly will be compensated by the gas of the
independent gas companies, the acquisition of which will continue, and the 'blue fuel' from the
Central Asia. Foreign companies that will acquire stakes in the monopoly's projects in exchange
for their assets will be investing into the new gas-fields of Gazprom. The place of the
independent gas-producing companies is being taken by the Russian oil enterprises that are
growing gas production. In the future, they will become the main rivals of Gazprom, which seems
more real after the intensification of Rosneft's positions, around which the oil business rivals
of the gas monopoly will be uniting.
Prospects of the Russian Oil & Gas Companies in 2006.
This year will
become not less saturated with events for the oil & gas sector. The opposition between the
leading power political groupings on the threshold of the 2008 election will be escalating.
During the year, these groupings should complete the fundamental repartition of the oil & gas
market - Slavneft, Surgutneftegaz, Bashneft and Bashneftekhim, the remainders of YUKOS, the minor
producers of oil and gas headed by their largest representative RussNeft will probable be taken
over by the state. The British owners of the TNK-BP can get a new partner in the person of one of
the state-owned companies. The past year proved crucial for the Russian companies of the oil and
gas industry. A new fundamental repartition of property was unfurled in the oil & gas market
by the state officials representing the interests of the op power political groupings from the
circle of Russia President Vladimir Putin. As a result, the share of the state companies in the
home production of oil increased from 7.3% in 2004 to 28% by the beginning of 2006. However, this
is only the start - attaining control over the resources that carry a considerable potential is
for the Russian elite groupings the main goal today. In the first place, this is ridden by the
approaching president election in 2008 that should determine the future of the officials that are
currently at power. That is why the state's expansion into the oil & gas market will continue
with growing speed.
REPORT CONTENT:
Release date March 20
Report size 60 pages
Price 380 Euro (hard+electronic version)
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