Russia & Central Asia
The U.S. energy secretary, Spencer Abraham, praised on Friday Russia's plans to increase oil exports to America and highlighted natural gas as the next long-term U.S.- Russia joint energy project.
Kazakhstan would like to construct a pipeline through Iran to the Persian Gulf as the main outlet for its natural resources, the country's president said.
As the BTC Pipeline Nears Completion, America & Russia Make Their Respective Moves Seeking Strategic Control Over Caspian Energy Resources
Such relatively modest amount leads us to believe that a new Russian law consummated in February 2004 was no coincidence. According to the new law, any information concerning oil reserves in the country is in fact State secret. Actual oil and gas reserves in Russia turned out to be not quite as big as the Russian elite had envisioned them. Taking into account today's export tempo of oil products, Russia could soon begin importing oil.
As soon as natural resources start running out or some alternative energy sources come up, Russia will start slipping down into a bottomless precipice and will inevitably collapse into small territories.
According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising.
British Petroleum states that Russian oil reserves equal to 60 billion barrels.
Such relatively modest amount leads us to believe that a new Russian law consummated in February 2004 was no coincidence. According to the new law, any information concerning oil reserves in the country is in fact State secret.
Russia, now the second largest oil producer in the world, warns that its oil supply will last only until 2010.
Caspian Sea region oil "riches" exposed as a convenient myth manufactured by various United States agencies, governments of some of the newly independent Soviet states of the Caspian Region, and Western oil companies.