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Oil of RussiaRecently, a favorable investment climate for foreign investors has been forming in Russia at an accelerated pace. The Russian governmentБЂ™s policy is based on the principle that investments are what the oil and gas industry needs to reach a qualitatively new level. With clearly defined investment strategies, foreign investments have now become an important component of programs to modernize the Russian oil and gas industry. For example, at its October 11, 2007 meeting, the executive board of Gazprom took special note of the fact that attracting foreign partners to corporate projects can be regarded as an effective mechanism for achieving strategic objectives and, in particular, for reinforcing the vertical integration of the companyБЂ™s business. Another clear example and a convincing confirmation of the effectiveness of Russian-German energy partnership is the plan to develop South Russian field, which is located in the Krasny Selkup District of the Yamal-Nenets Autonomous District. The development license is held by a Gazprom subsidiary, Severneftegazprom ...» |
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