Thursday 24 March 2016

Amid the oil price crash, Rosneft is running to stand still - FT.com

Amid the oil price crash, Rosneft is running to stand still - FT.com:

"Across the global oil patch, from Texas to the North Sea, drilling rigs are standing idle as energy companies respond to the slump in crude prices by cutting investments.
Not so in the swampy Siberian marshes that are Rosneft’s heartland. At Yuganskneftegaz, the production subsidiary that accounts for more than one-tenth of the country’s oil output, the state-controlled Russian oil company doubled its drilling rate during 2015."



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