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

efficient cleaning crew Northbrook ..
In The News:

Threat intelligence firm Synthient uncovers one of the largest password exposures ever, prompting immediate security recommendations.
Viral video shared by Elon Musk shows Tesla's Optimus humanoid robots performing tasks from cooking to construction, garnering over 58.5 million views on social media.
Chinese hackers used Anthropic's Claude AI to launch autonomous cyberattacks on 30 organizations worldwide, marking a major shift in cybersecurity threats.
Apple's new Sleep Score feature gives you a rating for your nightly rest quality. Learn how to set it up on your Apple Watch and iPhone today.
Essential phone settings to enable before losing your device, including Find My network, location services and security features for iPhone and Android.
The Fox News AI Newsletter gives readers the latest AI technology advancements, covering the challenges and opportunities AI presents.
Cybersecurity research shows weak passwords remain a major threat, with simple patterns and number sequences putting millions of accounts at risk.
New Android malware BankBot YNRK silences phones, steals banking data and drains crypto wallets automatically. Learn how this advanced threat works.
FDA approves first human trial for Paradromics' brain-computer interface that could restore speech for paralyzed patients through neural technology.
New phishing platform QRR targets Microsoft 365 users across 1,000 domains in 90 countries. Learn how to spot fake login pages and protect your accounts.
OpenTable now uses AI to track your dining habits and share insights with restaurants. Learn what data they collect and how to protect your privacy.
Google's discontinued Nest thermostats still secretly upload home data to company servers despite losing smart features, raising serious privacy concerns.
New Android malware NGate steals NFC payment codes in real-time, allowing criminals to withdraw cash from ATMs without your card. Learn protection tips.
DoorDash confirms data breach exposing customer names, emails, addresses after social engineering attack. Learn how to protect yourself from scams.
Concerned about Google's AI scanning your Gmail? Learn how to disable Gemini features that access your emails, Drive files and Chat messages for privacy.
Google warns Android users about dangerous fake VPN apps hiding malware that steals passwords, banking details and personal data from phones and tablets.
Apple's digital passport feature lets iPhone users breeze through TSA checkpoints this holiday season using Digital ID technology at 250+ airports.
A new phishing scam targets family photos with fake "Cloud Storage Full" alerts. Criminals steal credit card information through fake sites. Learn protection tips.
South Korean scientists create ultra-thin fabric muscles that turn clothes into robotic assistants, lifting 33 pounds while weighing under half an ounce.
Archer Aviation has acquired Hawthorne Airport for $126M to launch an LA air taxi network ahead of the 2028 Olympics, featuring AI-powered eVTOL operations and next-gen aviation tech.
Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.
Fake AI apps disguised as "ChatGPT" and "DALLĀ·E" are flooding app stores with dangerous malware that steals data and monitors users without detection.
Fake buyers demand specific vehicle reports from unknown sites to steal credit card information from car sellers, but warning signs can help identify these scams before paying.
Android users can now manage apps across multiple devices more easily with Google Play Store's updated remote uninstall button in the latest update.
NASA's Perseverance rover discovers shiny metallic rock on Mars that could be a meteorite from an ancient asteroid, containing high levels of iron and nickel.

3D Tactical Image Projection Enhanced Decoy System

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

From Democracy to Omniocracy

Clint Eastwood recently plunged into the murky political pond with... Read More

Starbucks Monopoly

Is Starbucks a monopoly? It fits all the definitions. Does... Read More

Poverty in America: Over 35 Million Living Below the Poverty Line

The problem of poverty in America comes as a surprise.... Read More

Foreign Spies Troll Gay Bars in Washington DC for National Secrets

The use of homosexual men in the area of espionage... Read More

The U.S. Department of Justice vs. the Realty Industry, and Its Effect on Consumers

From the National Association of Realtors' Virtual Office Website policy,... Read More

Is George Bush Two-Faced?

Yes, Bush is two-faced. The two sides of the faces... Read More

Housing Bubble, Interest Rates, Timber Costs; What Has Changed?

What has really changed in the housing market with regards... Read More

Ex-CIA Folks are Problematic

Those who are above the law or act as such... Read More

How Many Cases Will Elliot Spitzer Lose Now?

The devastating loss in case of Elliot Spitzer for NY... Read More

Hitlers Positive Christianity... Unleashing the Patriotic Church

There is nothing-absolutely nothing-insofar as political power when it is... Read More

Immortality and Mortality in the Economic Sciences

Roberto Calvo Macias, a young author and thinker from Spain,... Read More

Politics

The Republican Party became popular due to its view on... Read More

The Civil War - FOGC

Thomas Jefferson wrote a letter to Lafayette in 1823 that... Read More

Fundamentalist: Fascist or Common-Sense?

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

The Elephant Roared and Brought Forth a Turd: A Case Against Democratizing the Middle East

The original vulgarity was bylined: ?The Constipation of America's Mid-East... Read More

World Power Brokers Readying for WWIII

Einstein when ask how did he believe WWIII would be... Read More

Enlightenment Experiments

Pierre Dupont de Nemours:After arranging the Armistice that ended or... Read More

PTO - Patent and Trademark Office needs complete overhaul

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

Is America Bankrupt?

The US Dollar has been falling continuously in last year.... Read More

Monetary Flows, Retained Earnings, Over Regulation and Abundant Resources

All countries have specific things that are abundant in the... Read More

Gas Prices and the Impact of Inflation

Year Item Price Rate of Inflation 03/80 Gasoline (per gallon)... Read More

Policy Separated from Politics

Alexander Hamilton ? Policy Separated from Politics:I am related to... Read More

Hitler - Bush

Hitler received a legacy from his Rothschild relations in Vienna... Read More

Colts? Stadium Short on Horse Sense

The predominant discussion in the Indianapolis media over the proposed... Read More

cleaning lady near Wilmette ..