THE IMPACT OF INVESTMENT POLICY OF RUSSIAN TRANSNATIONAL OIL AND GAS COMPANIES ON FEC DEVELOPMENT
The impact of capital investment of Russia’s oil and gas majors, LUKOIL and NK Rosneft, on Russian FEC development is assessed. Their contribution to the development of exploration and production, the oil and gas refining industry and the power sector in Russia is discussed. A comparative analysis of their production and investment activities is performed.