Russia Eyes Rapid Middle East Energy Expansion

Having battled through the travails of an ever-tightening
sanctions regime and a prolonged economic downturn, which in most
cases led to a freezing up or lowering of expenditures and the
adoption of a very risk-averse investment strategy, Russian
companies are now destined to embark upon a new expansion, this
time in the Middle East. With the recently imposed U.S. sanctions
further impacting Russia’s ability to form partnerships with
Western majors, Iran, Iraq and possibly even Syria will become the
new hub of Russian oil-related investments.…

Having battled through the travails of an ever-tightening
sanctions regime and a prolonged economic downturn, which in most
cases led to a freezing up or lowering of expenditures and the
adoption of a very risk-averse investment strategy, Russian
companies are now destined to embark upon a new expansion, this
time in the Middle East. With the recently imposed U.S. sanctions
further impacting Russia’s ability to form partnerships with
Western majors, Iran, Iraq and possibly even Syria will become the
new hub of Russian oil-related investments.…