Russian production growth pushes infrastructure needs

02/02/2004
Russian production growth pushes infrastructure needsThe rapid development of the Russian oil companies into well funded, market-focused international players and international investment in Kazakhstan and Azerbaijan has led to a rapid growth in crude oil production (Fig. 1). Click here to enlarge imageHigh oil prices have also helped generate the massive funds needed for infrastructure development and have made economic additional exports of crude oil by rail and barge.Crude oil exports from the CIS (Russia, Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan.) have increased to 4.7 million b/d at yearend 2003 from 2.7 million b/d in 1999...
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