The Oil and Gas Market In Russia
Bodin Bulatovic, Jana Filyushina, Maria Loymoeva, Elizaveta Shakhanova, Alexander Steffen, Bogomila Traykova, Nikolay Varbitzaliev, Ksenia Volkova, Maria Zhigulina Annotation
This Project was assembled by WU and GSOM students during the joint International Summer University 2013
Table of Contents
Rеsеаrch Quеstiоns in this Paper
Аims аnd Objеctivеs of this Paper
Thе Russiаn Оil аnd Gаs Mаrkеt
Thе Russiаn Оil Mаrkеt
Gеоgrаphicаl Distributiоn of Russian Oil
Trаnspоrtаtiоn of Russian Oil
Еxpоrt of Russian Oil
Thе Russiаn Gаs Mаrkеt
Geographical Distribution of Russian Gas
Geographic Difficulties of Gas Exploration in Russia
Russian Gas Prices
Transportation of Russian Gas
Export of Russian Gas
Russia’s Principal Gas Producing Companies
Foreign Competition in the Industry
The Political Importance of Oil &Gas in Russia
Privаtizаtiоn in thе Pоst-Sоviеt Еrа
A New Political Course
The Economical Importance of Oil & Gas in Russia
Supply Chаin Risks & Оppоrtunitiеs in the Russian Оil аnd Gаs Industry
Supply Chain Management Defined
Supply Chain Management in the Oil and Gas Industry
The Complexity of the Supply Chain
Inflexibility of the Supply Chain
Vertically Integrated Supply Chain
SCM Issuеs: Transneft” and “Russian Railways
Use of Oil in Transportation
Growing Supply and Related Uncertainty
Matching Opportunities and Risks with Sources of Funds
39 Case Study: Lukоil
Lukоil Shаrеhоldеr Structurе
Supply оf Оil аnd Gаs
Prоductiоn аnd Supply Structurе оf LUKОIL
Cоnclusiоn аnd Prеdictiоns
Hydrocarbons derived from petroleum oil, natural gas or coal are essential in many ways to modern life and its quality. The bulk of the world’s hydrocarbons are used as fuels for propulsion, electrical power generation and heating. The chemical, petro-chemical, plastic and rubber industries also depend upon hydrocarbons as raw materials for their products. Indeed, most industrially significant synthetic chemicals are derived from petroleum sources. An ever increasing world population and energy consumption, compared with our finite non-renewable fossil fuel resources, which will be increasingly depleted, are clearly now on a collision course. New solutions are needed in order for human population to sustain the standard of living to which the industrialized world has become accustomed and which the developing world is striving to achieve (Economist, 2013 (a)).. Satisfying our society’s needs, while safeguarding the environment and allowing future generations to enjoy planet Earth as we do today is one of the greatest challenges that humans face nowadays. The world is currently consuming about 85 million barrels of oil a day, and about two-thirds as much natural gas equivalent, both derived from non-renewable natural sources (Index Mundi, 2013). It is fortunate that we still have significant worldwide reserves left, including heavy oils, oil shale, etc. With a world population estimated at 7.12 billion and still growing, the demand for oil and gas will increase. This, of course, raises the questions of whether the resources will soon be depleted and what alternatives human population has. I. Prоblеm Dеfinitiоn
The global oil industry has entered an era of extremely scarce resources. According to a large majority of the industry’s research, there are only enough crude resources left to sustain current consumption levels for approximately 50 more years (Economist, 2013 (b)). Balance of supply...
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