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India: The Emerging Energy Player by Girijesh Pant

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Chapter 5

 

1 Fiona Hill, ‘Russia: The 21st Century’s Energy Superpower?’ www.brookings.edu/press/review/spring2002/hill.html.

2 ‘The Energy Dimension in Russian Global Strategy,’ Baker Institute Study published by the James A. Baker III Institute for Public Policy, Rice University, October 2004.

3 One can imagine the huge profit for oil investors if we consider that the fully built-up cost of Russian oil (including transport) amounts to an average of $11 per barrel. Even if one adds government taxes on investors’ profits, their investment could continue to be profitable at an OPEC price of $18–20 per barrel. Fadhil Chalabi, ‘Russian Oil and OPEC Price Policies,’ MEES, vol. 67, no. 12, 22 March 2004.

4 ‘Russia’s Oil Output Grew by 9 Per Cent ...

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