The mineral industry of Russia is one of the world’s leading mineral industries and accounts for a large percentage of the Commonwealth of Independent States ‘ production of a range of mineral products, including metals, industrial minerals, and mineral fuels.
How successful is Russia’s oil industry?
However, the success to date can be seen in the performance of six of the country¡¯s largest production companies, all of which are subsidiaries of the Russian oil majors.
Are Indian oil companies investing in upstream projects in Russia?
For two and a half years, the dividend income of Indian oil companies ¡ª ONGC Videsh (OVL), Oil India (OIL), Indian Oil Corporation (IOC), and Bharat PetroResources (BPRL) ¡ª from investments in upstream projects in Russia have been piling up in that country.
Does Russian oil production have a future?
As a result, the full potential of Russian production has yet to be proven, with the Russian oil companies remaining frustrated at the necessity of holding back new fields and restraining production at many existing assets. However, questions about the future of Russian oil production now extend beyond the short-term.