The impact of sanctions on Russian oil and oil service companies to be small.

The impact of the EU and the US sanctions on the Russian oil companies will be relatively small, the Standard & Poor's international rating agency’s research report informs.

According to the agency, this is mainly due to the nature of the Russian oil reserves, the structure of the equipment purchase, as well as the structure of the Russian oil companies’ assets.

As S & P analysts state, the Russian oilfield services companies with ratings will also not be too badly affected by the sanctions. They mainly operate the traditional oil reserves and use the traditional techniques, which are currently not affected by the sanctions. These companies purchase most of the equipment from Russia or can switch to the suppliers from China and other countries outside the EU and the United States.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer