Drop by drop: Russian oil

Article Abstract:

Many western oil companies are anxious to explore the Arctic Ocean above Russia and other territory in the ex-Soviet Union. Russia is making many deals for joint ventures or drilling rights. Doing business in Russia is very risky though, because of inconsistent law and unstable government.

International aspects

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The prize: Russian oil

Article Abstract:

Oil production in Russia has gone way done, largely because of over-production during the days of communism. The transition into becoming real companies has been difficult for the nation's oil producers, who were used to just selling to the state under controlled prices.

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Russia's cold shoulder

Article Abstract:

Western firms' eagerness to invest in Russian energy exploration has been dampened by government arbitrariness and neglect. Companies complain of onerous contract restrictions, sudden policy reversals, and over-taxation.

Foreign investments

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Subjects list: Petroleum industry, Russia, Natural gas exploration, Oil and gas exploration, Petroleum exploration
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