Building a world of
resilient communities.

MAIN LIST

 

Russian oil and gas sector growth may stop in 2007

According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising. This announcement came as a comment on LUKoil's intention to refrain from a large-scale step-up in oil production. LUKoil expects its oil output to grow by 4 percent to 85m tons this year. Last year LUKoil's oil output increased by 2.1 percent to 81.5m tons.

Meanwhile, the company is planning to cut its outlay for oil production by nearly 15 percent and at the same time increase investments in oil refining, as the company has focused on the production of high-quality oil products that would meet international standards.

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


Evidence Released at TransCanada’s Keystone XL Permit Renewal Hearing Sheds Light On Serious Pipeline Risks

Just because TransCanada continually states that the Keystone XL pipeline …

Peak Oil Notes - July 30

Much of the news that will eventually move oil prices came on the …

Higher-risk 'Shallow Fracking' More Common than Suspected: Study

The fracking of oil and gas less than a mile from aquifers or the Earth's …

Shale Gas Reality Check

Recently, the EIA released its Annual Energy Outlook 2015 and so we asked …

The Community Energy Revolution

Impact investing is investing to achieve a return in something you also …

Peak Oil Review - July 27

A weekly review including Oil and the Global Economy, The Middle East & …

Energy Crunch - Green taxes: love or hate?

Green taxes have been under attack on all fronts lately.