2013 Russian Oil & Gas Outlook Survey
Moscow, January 28, 2013 — Deloitte CIS is pleased to present the findings of its annual Russian Oil & Gas Outlook survey.
The survey is carried out at the end of each year and aims to analyze how they assess the interim performance of the sector as a whole and the current performances of individual companies, and find out their views on short term and long term business development prospects in 2013.
Elena Lazko, Deloitte CIS Oil & Gas Group Leader, commented: “2012 was marked by a number of large-scale events in the oil and gas sector. The Russian government significantly increased its stake in the oil and gas complex, as predicted by the majority of survey respondents (top managers), and Rosneft became the largest public oil company in the world.
The Arctic shelf remains a topic of vigorous debate, especially after Rosneft and ExxonMobil signed agreements on joint development. Russian companies are seeking international partnership and this year our respondents note again that foreign participation in oil and gas projects will increase, as their implementation requires advanced international technologies and investments.
Three quarters of the survey respondents are predicting growth in global oil demand. This forecast is underlying the increase in capital corporate budget. The companies are willing to spend more, understanding that this is the only way to ensure a stable level of production rate and sustainability”.
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