Aleksandr Khurshudov: Small oil companies in Russia have no chance to compete with the large ones.

At the RF government session on the issue of the status and prospects of the mineral resources development in Russia Dmitry Anatolyevich Medvedev acknowledged the sector of the independent oil and gas companies (NOC), representing small and medium-sized oil and gas business. In 2013 according to the research of the "Skolkovo" energy center, the share of small and medium-sized independent oil and gas companies that have only 3% in the industry-wide volume in oil and condensate, accounts for as much as 17% of the exploration drilling throughout the industry. Our correspondent talks about this with Aleksandr Khurshudov, the resident expert of the Oil and Gas Information Agency.

- First of all, let's define our terms. It is registered nowhere, but it is common to include the enterprise with an annual production of 1 million tons to the small oil business, up to 3 million tons - to the medium. Other companies across the country are considered large.

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