East Siberian Game Changer? Recent Discoveries Improve Region’s Production Outlook, but Not Yet Enough to Fill Export Pipeline to Asia
By John C. Webb and Thane Gustafson
Though East Siberia has emerged as a key center of Russian oil production growth in recent years, its ultimate productive capacity outlook is clouded by the slow pace of regional exploration, which reflects the high costs and risks involved. Reforms to the current fiscal and regulatory regime, in particular movement toward a more predictable and profit-based tax system, are critical to the timely development of already-discovered East Siberian fields....
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