The Last Reserve: Yet Lukoil Was The First


Lukoil was the first Russian company to venture into arctic waters. the firm is allowed to trade the Oil however, was not allowed to pump it from the sea bed. by the law only 51% of state owned enterprises are permitted to extract Oil from Russia’s arctic ocean. This means only two Organisations: Gazprom and Rosneft got the permit.

sakalin-1

So far the Lokoil has not been to acquire license for offshore & land operation in the Arctic. therefore, the SMLOP is dry so often.

pic_14012011_03
Gazprom(Natural Gas Production Camp):- In year 1989, Gazprom was formed out of the agencies & employees of the Soviet Union’s Gas Ministry. As per the records of company accounts , it produce 80% of Russia’s natural gas & has a monopoly on export as well.

Вввод в эксплуатацию газового месторождения Бованенково в ЯНАО

And government made itself a strong player in the Oil marketed by itself. Large parts of Oligarch and Mikhail Khodorkovsky’s dismembered Yukos oil company with Roseneft.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s