POINT OF VIEW: TNK's Kukes: Russia must look to new markets for its oil

With its projected sustained growth of both oil production and exports, Russia must look for new markets in the US and Asia beyond its historical role as a "regional supplier (primarily to western Europe)," said Simon G. Kukes, president of Tyumen Oil Co. (TNK), Russia's fourth largest oil producer. Tyumen Oil Co. Pres. Simon G. Kukes Russia must look for new markets in the US and Asia beyond its historical role as a regional supplier primarily to Western Europe.Click here to enlarge imageTNK is expected to be incorporated in a giant new Russian oil company, along with Sidanco Oil Co., under a deal led by BP PLC with Russian investors in both companies (see related stories, pp. 34-35...

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