Reforms Suggest That 2012 Will Be A Landmark Year

BMI View: Declarations made by President-elect Vladimir Putin stating that Russia was looking to introduce a package of measures to boost tight oil production are to be put into the wider context of Russia's upstream segment. With the worrying prospect of declining output, the country is looking at a wide range of unconventional resources to sustain production levels. Despite Putin's party, Russia United, losing its majority in the Duma, we have little doubt that the reforms supported by the President elect will be implemented. BMI believes that 2012 will mark a crucial turn in Russia's oil and gas

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