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.


Take the Money and Burn: How CEO Pay Accelerates Climate Change

Perverse Pay Incentives Reward Fossil Fuel CEOs for Putting Planet at Risk

Peak Oil Notes - Sep 2

The last ten days have been among the most volatile for the oil markets …

Hundreds Rally in Alaska to Tell Obama ‘Climate Leaders Don’t Drill the Arctic’

Climate groups rallied in Anchorage, Alaska to demand that the U.S. …

U.S. tight oil production decline

U.S. oil production has begun to drop in response to low oil prices, but not …

Europe Oil Consumption Peaked in 2005

Consumption peaked 7 years after the production peak and is falling now in …

Peak Oil Review - Aug 31

 A weekly roundup, including: -Oil and the global economy -The Middle …

Peak Oil Notes - Aug 27

A midweek update. Oil prices fell sharply on Monday in response to another …