This traditional report summarises the key developments in the oil and gas industry this year.
The year 2008 has proved very complicated and controversial. A sharp rise in oil prices was replaced with an equally dramatic fall in them. Vladimir Putin moved to the office of prime minister and reshuffled the entire system of administration in the sector. A radical tax reform began. The operating rules for non-residents changed. Wars between state companies and redistribution of property were in full swing.
The new report offers an in-depth discussion of the following subjects:
- Economic situation in the industry - New political system of administration in the oil and gas sector: first outputs - Changes in the export strategy - Non-residents in Russia - Foreign expansion of Russian energy companies - Scenarios with different levels of oil prices
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