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Key Determinants for the Future of Russian Oil Production and Exports

Abstract:

This paper analyses the fundamental drivers of Russian oil production in the current low oil price environment, highlighting a number of dichotomies currently at work. The low oil price has forced Russian oil companies to cut dollar expenditure and to re-assess their investment strategies, apparently putting oil production and exports at risk. However, the impact of rouble devaluation and changes in the fiscal regime can help to offset these negative factors. US and EU sanctions have restrict...

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Publication status:
Published
Peer review status:
Peer reviewed

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Department:
Oxford Institute for Energy Studies
Role:
Author
Series:
OIES paper
Publication date:
2015-04-20
Paper number:
WPM 58
Language:
English
Keywords:
UUID:
uuid:f667d0ed-1939-4184-b4ef-67ee5ba36c62
Deposit date:
2015-04-28

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