The Future of Russian Oil (part2)
Pipelines are the center of everything
Oil & Gas Technology
No Production Decline (Yet)
It is no secret that the Russian state relies heavily on O&G revenues to finance its government spending. This is also how it keeps the private economy running, through fuel subsidies (fuel is dirt cheap for Russians) and gas subsidies (keeping warm in the cold Russian winter is cheap too).
In the short term…
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