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December 20th, 2010
Russia Eyes Modernisation of its Oil Industry

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Russia, a leading oil and gas exporter, has used more than 50% of its known oil reserves and might need to attract enormous investment to modernise its oil infrastructure. In the global energy market, rapidly changing due to a number of factors, such as the rise of Brazil and the shale gas revolution, Russia has been doing well so far, even beating Saudi Arabia to the title of the world’s biggest oil producer, according to some estimates. Read More