Rising Russian oil production must deal with transportation, business issues

After declining throughout most of the 1990s, Russian oil output is on the rise (OGJ, Apr. 29, 2002, p. 24). This oil production increase will create opportunities and challenges for Russia's giant oil companies and for regional and global oil traders, refiners, and marketers.The complex political, legal, technical, environmental, and economic issues associated with Russia's increased oil production will require substantial effort to address and resolve. Successful resolution of these hurdles, however, could yield potentially huge rewards for all parties involved.Russia's oil is an attractive alternative to developing the reserves in other regions of the world. Russian oil com...

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