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New system of managing oil and gas industry

New system of managing oil and gas industry

After inauguration of new old president Vladimir Putin, election of Dmitry Medvedev as prime minister and a two week pause following that, new composition of the government and the president’s executive office is finally configured.

Now it is possible to analyze in detail how the system of managing the oil and gas industry looks like after Putin and Medvedev have exchanged their posts. Why do these people occupy key positions? And what does this promise to enterprises in the fuel and energy sector?

The report elaborates on the following topics:

  • The tandem in the new political interior

    • The role of Vladimir Putin in work of the new government
    • The center of making economic decisions moves from the Cabinet to the president’s executive office
  • The system of checks and balances in the new government

    • Winners and losers
  • New figures formally responsible for the sector

    • What is there behind the logic of making adherents of the “hydrocarbon curse” concept in charge of the fuel and energy sector?
    • The real role of a corresponding deputy PM and energy minister
    • The decision making system in the new Cabinet
  • Igor Sechin heads Rosneft: more than just a mere businessman

    • First decisions on transfer of assets to Rosneftegaz, their consequences
  • First steps and main tasks of the new government

    • Strategic headquarters or fire brigade?
  • Forecast of medium-term developments

The contents of the report:

Introduction 3
Chapter 1. New Government and Parallel Bodies Managing FES 5
Chapter 2. Level of Ministries and Agencies: “Staff Salad Bowl” 13
Chapter 3. Bureaucratic Innovation – Ministry for Far East Development 25
Chapter 4. First Wars in New Staff Layout 34
Conclusion 39
Date of issue: July 9, 2012

If you are interested to obtain please contact » Elena Kim

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After February 2022 the agenda was radically rewritten. Western companies began leaving Russia en masse, economic relations with the West were drastically reduced, and the Russian economy began to be pushed violently from the global economic space, hemmed in by sweeping sanctions. All that was, to put it mildly, not the best background for talking about ESG. Especially because tasks of survival and stability under unprecedented pressure became the priority in the economy. In late 2022, however, attempts to reanimate the ESG agenda already became obvious. The message is put across insistently that it is important to Russia regardless of the foreign policy situation. While earlier the “green pivot” was seen as an opportunity to attract Western investors and their technological solutions to Russia, now Keynesian reliance on domestic manufacture is discussed.
Oil and Gas Sector Regulation in 2022 and Prospects for 2023
Gazprom at the Forefront of Economic and Political Battles with Europe
Gazprom is being actively thrown out of the market. Its annual supplies to Europe have shrunk from the previous 150 billion to 65 billion cubic metres of gas. European officials assure that they have already learnt how to live without Russian gas, so they will bring its purchases down to but nominal values in 2023. Their main hope is liquefied natural gas. Today the EU must make a crucial decision: whether it has passed the point of no return in gas business with Russia and whether it is certain that its economy will endure without supplies of Russian pipeline gas. Or, on the contrary, Europe will realise after all that the gas balance will not be achieved and the payment for so headlong a rush for LNG will be disproportionate. Assessment of the potential volume of LNG that will appear on the market before the end of the current decade will be the most important factor for making the decision.

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