Lukoil, Rosneft Wary Over Russian Oil Policy

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Hira Shahnawaz Akhtar
Published on
Updated on

European oil companies operating in Russia have poor reserve valuations due to the Russian policies over oil. Russia has focused on preventing the depletion of its reserves, and thus the country’s legal framework that surrounds the oil and gas exploration industry discourages growth. Russia’s oil and gas sector is burdened with high taxes and export duties. In the face of immense pressure from oil and gas giants, export duties on crude oil and petroleum products were reduced in 2011 from 65 percent to 60 percent. However, this is still quite significant and the government continues to dictate the activities of…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.