Russian companies have practically exhausted their free oil production capacities
Top managers of LUKOIL, Gazprom Neft and Rosneft made relevant statements in November. The companies were forced to cut production under the OPEC + agreement and made little investment in drilling new wells throughout 2021. Now, as withdrawal from the deal draws closer, the Russian oil industry may have problems with a rapid increase in production.Russian oil companies will have to sharply increase their investment in drilling in order to get a chance to take ...