Table of Contents
Executive Summary — 7 SWOT
Analysis — 9 Russia Political SWOT — 9
Russia Economic SWOT — 10 Russia Business Environment
SWOT — 11 Russia Energy Market
Overview — 12 Regional Energy Market
Overview — 16 Oil Supply & Demand — 16
Table: Central/Eastern Europe Oil Consumption
(000b/d) — 17 Table: Central/Eastern Europe Oil Production
(000b/d) — 18 Oil: Downstream — 19
Table: Central/Eastern Europe Oil Refining Capacity
(000b/d) — 19 Gas Supply & Demand — 20
Table: Central/Eastern Europe Gas Consumption (bcm) — 20
Table: Central/Eastern Europe Gas Production (bcm) — 21
Liquefied Natural Gas — 22 Table: Central/Eastern Europe
LNG Exports/(Imports) (bcm) — 22 Business Environment
Ranking — 23 Central/Eastern Europe
Region — 23 Composite Scores — 23
Table: Regional Upstream Business Environment Rating — 24
Table: Regional Downstream Business Environment
Rating — 25 Upstream Scores — 25
Downstream Scores — 26 Russia Upstream Rating –
Overview — 26 Russia Upstream Rating – Potential
Returns — 26 Russia Upstream Rating – Risks to
Potential Returns — 26 Russia Downstream Rating –
Overview — 27 Russia Downstream Rating – Potential
Returns — 27 Russia Downstream Rating – Risks to
Potential Returns — 27 Business
Environment — 28 Legal Framework — 28
Infrastructure — 29 Labour Force — 30
Foreign Investment Policy — 31 Tax
Regime — 31 Security Risk — 32
Industry Forecast Scenario — 33 Oil and Gas
Reserves — 33 Oil Supply and
Demand — 33 Gas Supply and Demand — 34
LNG — 35 Refining and Oil Products
Trade — 36 Revenues/Import Costs — 36
Russia Oil & Gas – Historical Data & Forecasts — 37
Other Energy — 38 Russia Other Energy – Historical
Data & Forecasts — 40 Key Risks To BMI’s Forecast
Scenario — 40 Long-Term Oil & Gas
Outlook — 40 Macroeconomic
Outlook — 41 Table: Russia – Economic
Activity — 42 Competitive
Landscape — 43 Executive Summary — 43
Table: Key Domestic & Foreign Companies in the Russian Oil and Gas
Sector — 44 Overview/State Role — 44
Table: Key Upstream Players — 48 Key Downstream
Players — 49 Company Monitor — 50
Gazprom — 50 Gazprom Neft (formerly
Sibneft) — 57 Rosneft — 60
Lukoil — 65 TNK-BP — 70
Tatneft — 75 Total — 77 Imperial
Energy — 80 Surgutneftegaz –
Summary — 83 Russneft –
Summary — 83 Novatek –
Summary — 84 ConocoPhillips –
Summary — 85 Shell –
Summary — 85 Itera –
Summary — 86 ExxonMobil –
Summary — 86 Transneft –
Summary — 87 Sakhalin Energy –
Summary — 89 Wintershall –
Summary — 89 Sibir Energy –
Summary — 90 BP – Summary — 91
Lundin Petroleum – Summary — 91 Halliburton –
Summary — 92 Others –
Summary — 92 Glossary of Terms — 94
Oil & Gas Ratings: Revised Methodology — 95
Introduction — 95 Ratings
Overview — 95 Table: BMI Oil & Gas Business Environment
Ratings: Structure — 96
Indicators — 96 Table: BMI Oil & Gas Business Environment
Upstream Ratings: Methodology — 96 Table: BMI Oil & Gas
Business Environment Downstream Ratings: Methodology — 97
Oil & Gas Outlook: Long-Term Forecasts — 99 Regional Oil
Demand — 99 Table: CEE Oil Consumption
(000b/d) — 99 Regional Oil
Supply — 100 Table: CEE Oil Production
(000b/d) — 100 Regional Refining
Capacity — 101 Table: CEE Oil Refining Capacity
(000b/d) — 101 Regional Gas
Demand — 102 Table: CEE Gas Consumption
(bcm) — 102 Regional Gas Supply — 103
Table: CEE Gas Production (bcm) — 103 Russia Country
Overview — 103 Methodology & Risks To
Forecasts — 104 BMI Forecast
Modelling — 104 How we generate our industry
forecasts — 104 Energy Industry — 105
Cross checks — 105 Sources — 105
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