Russian Federation Oil and Gas Upstream Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Russian Federation oil and gas market upstream is expected to grow at a CAGR of more than 2.5% during the forecast period of 2020-2025. Factor such as the reduction in the offshore drilling cost by 40% is expected to drive the Russian Federation oil and gas upstream market. However, the sanctions from United States and Europe against Russia’s energy sector are likely to restrain the Russian Federation oil and gas upstream market.
Key HighlightsThe Russian Federation oil and gas upstream market is fragmented. Some of the key players in this market include Rosneft Oil Company PJSC, PJSC Gazprom, PJSC LUnited Kingdomoil Oil Company, Novatek PAO, and Surgutneftegas PJSC.
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