Russian State Administration Gives New Facelift to Oil and Energy Resources

With the world's largest oil and natural gas reserves, second in coal production and eighth largest oil assembly, President Vladimir Putin draws grandiose plan for the country's hydrocarbon reserve encouraging drilling and investment plans aimed at further development. Private investments, domestic or foreign is however, a big no-no, rather state government plays the steward to Russia's energy patrimony or to say 'serve the national interest'.

"Hydrocarbons are an extremely important sphere of our potential cooperation" Putin says in an interview "but I would like to stress: we are already cooperating in the electric power, primarily engineering for the electric power sector".

Given today's high oil prices, state government sounds positive to funding new projects. Additionally, Indian and Chinese government shows willingness to do business with Russian companies with their investment criteria more in line with the approach favored by their Russian hosts. Putin further stressed state government to have larger share while a meager chunk gifted to private investors mainly in electricity sector.

The post Cold-War relics witnessed Russian industries as highly inefficient, combined with under-nourished investment opportunities and mismanagement dominating the sector; of which petroleum poised to have a serious impact overall. Further huge infusion of capital, technology and negligent exploration management hit the production to a record-low and decline. This is return could have foiled Putin's plan and country's national honor.

Putin must recognize that to put back the country's faltering image, he needs a petroleum sector with well-managed and well-capitalized oil, gas and pipelines. Russia's oil and gas industry being the backbone to the country's economy generate fifty percent of the total revenues and taxes and most of foreign exchange, need balanced combination of public and private governance.

A faltering Russian oil sector would be a disaster for the world economy as well as for Russia itself.

Rahul Ghosh, working as freelance industry analyst working is a regular contributor and has written many articles and commentaries on diversified industry sectors. For further discussion with the writer, email at rahulghosh@rediffmail.com

limo Midway Round Lake .. Lockport Chicago limo O’Hare
In The News:

Google Maps is deleting location history soon. Tech expert Kurt “CyberGuy" Knutsson shows you how to back it up before it's gone.
iOS 18.2 lets AirTag owners securely share item locations with trusted individuals. Tech expert Kurt “CyberGuy" Knutsson examines the powerful new feature.
The FBI is warning timeshare owners of a telemarketing scam tied to a Mexican drug cartel. Tech expert Kurt “CyberGuy" Knutsson provides steps to stay safe.
Protecting your home network includes securing your router, just like your phone or laptop. Kurt “CyberGuy" Knutsson reveals six ways to protect your Wi-Fi router from hackers.
Kurt “CyberGuy" Knutsson: ConnectOnCall breach leaks sensitive data of 910,000+ patients.
Rising elder scams: How to recognize them and protect yourself and your loved ones. Tech expert Kurt “CyberGuy" Knutsson helps you outsmart the scammers.
There are common habits and oversights that could leave your financial information vulnerable to cybercriminals, according to Kurt the CyberGuy.
Counting calories just got easier with The Drop, the world's first automated nutrition tracker using advanced computer vision and artificial intelligence.
A virtual private network can help ensure your information remains security and your privacy remains intact. Kurt the CyberGuy explains.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Artificial intelligence-based cameras are giving air defense operators unprecedented capabilities in monitoring and protecting airspace.
Apple's iOS 18.1 Inactivity Reboot automatically reboots your iPhone if it hasn't been used or unlocked for more than three days, providing better data protection.
An inventor designed rooftop solar panels for a Tesla that draws solar energy while the car is parked, adding travel mileage without plugging in.
There are currently no laws governing what artificial intelligence can and cannot do with the information it gathers; here are 10 things to avoid telling AI chatbots to keep yourself safe.
A credit union with over 240,000 members recently revealed it was targeted by cybercriminals, resulting in a data breach that was part of a two-month attack by hackers.
Scammers have become skilled at creating convincing fake websites that can easily fool unsuspecting users. The CyberGuy offers tips to protect yourself.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
CAPTCHAs, which are used by websites to confirm whether users are people or bots, are harmless, but hackers are using them to infect PCs with malware.
Hackers recently leaked personal information of about 500,000 Americans and stole patient medical records that included lab results and insurance details.
The holiday season sees a rise in mobile shopping scams. Tech expert Kurt “CyberGuy" Knutsson helps you learn how to stay safe.
Tech expert Kurt “CyberGuy" Knutsson says a VPN enhances online banking security by encrypting data and protecting privacy.
Beware of these six sneaky holiday scams. Tech expert Kurt “CyberGuy" Knutsson gives you tips to avoid falling victim.
Tech expert Kurt “CyberGuy" Knutsson reveals how to securely back up and factory reset your Android to protect your privacy and data.
Artificial intelligence is making life easier for cybercriminals, allowing them to create elaborate scams to trick people. Kurt the Cyberguy explains how to protect yourself.
Cut through all the digital clutter and delete multiple emails from your Android simultaneously. Kurt the CyberGuy explains how it's done.

Lyndon Johnson - The Day After Dallas

J. Edgar Hoover and LBJ used to enjoy watching Hoover's... Read More

3D Tactical Image Projection Enhanced Decoy System

I propose a special Projection Device code-named: "TIPED". This system... Read More

The Power of Media: Russian Perspective

Journalism, as it is often said, is the 'fourth branch... Read More

Protecting Our Buses from International Terrorists

We know that the International Terrorists like the idea of... Read More

Illegal Immigration - No Sign of Slowing Down

The Immigration and Naturalization Service (INS) estimated that there were... Read More

Bio Attack Nation Unready

We are told by out leadership that we risk loss... Read More

So How Far Have We Come? Here are some of the 2001 Anti Terrorist Projects

An article in Information Week in January 14, 2002 discussed... Read More

Fundamentalist: Fascist or Common-Sense?

Is the only way to fight Fundamentalist Extremists becoming one... Read More

Belly Full of the Clintons [Political View]

As I read the papers and watch the news day... Read More

What Ordinary People Are Saying--Robertson Assassination Comment

What ordinary people are saying about U.S. televangelist Pat Robertson... Read More

Whose Afraid of the Government; Whose the Government Afraid of?

We need a government that can be as responsive to... Read More

Jihad Will Continue

The Jihad against the Western World will continue. It will... Read More

Preparing to Invade Japan

This is the fourth and final article in a series... Read More

UAV Targets, Aerial Dog Fights, Interception, Future of War Intelligence

The UAV, Unmanned Aerial Vehicle is hear to stay and... Read More

An Environmental Voting Guide for US State Elections

In these times when states are suffering extreme downward pressure... Read More

The American Worker: Downward Mobility

All the indicators show an improving economy and, finally, the... Read More

John Kerry as a Prosecutor?

Prosecutors with political ambitions are known to modify the truth... Read More

Thoughts Born of Tragedy ...

..."history may judge us to be the real bully if,... Read More

PTO - Patent and Trademark Office needs complete overhaul

Recently in Maine, I talked with a gentleman and we... Read More

Was Pakistan a British Creation?

The furore in the BJP camp in India, triggered by... Read More

NASCAR to be Shut Down by FTC?

The Federal Trade Commission has very important Anti-trust Laws. They... Read More

The European Bank for the Retardation of Development

In typical bureaucratese, the pensive EBRD analyst ventures with the... Read More

Regulatory Hooey Protects Us From Our Own Health

Legislation is getting legs to further curtail your use of... Read More

Interview With A Former ACLU Office

I had the benefit of getting an interview with Mr.... Read More

I am Not an African American

I am not an African-American. Don't call me an African... Read More

bmw rental chicago Barrington Hills ..