Tyumen Oil adopts Western-style management

Wading through the aftermath of the recent economic collapse in Russia continues to be an uphill battle. Some Russian oil firms, however, have achieved reasonable success in navigating the swells of turbulent economic seas, especially in a country that relies so heavily on petroleum revenues. These firms' survival stories contain similar threads, not the least of which is the formation of partnerships with Western firms to revive an ailing-and traditionally ill-managed-oil industry in Russia. Tyumen Oil continues modernization work at its Ryazan refinery, shown here, through a contract with Kvaerner Process (John Brown Engineering & Construction). The 310,000 b/d plant produces lead-...

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