international magazine
03 / 2006


Fruitful expansion



Russia's oil&gas industry has entered a stage of fast-paced development. Although crude production growth rate fell from 10-13% on the turn of the century to 2.5% in 2005, there are a number of other factors supporting positive outlook. The market enjoys rapid growth of crude and oil products exports and, more to the point, positive changes in refining segment and on the domestic oil products market. The companies which predicted the developments, right now roll in high cotton.