Particularities of Russian energy sector

There was the record of the profit from oil and oil products export in Russia in 2012. The profit from oil and oil products export attained 284 billion dollars in 2012. It was 9,4% higher than in 2011 and at that time it was the highest level in comparison with every year within 10 last years.
At present the positive tendencies in Russian oil industry are following:
– Firstly, the oil production is growing;
– Secondly, the growing of profit from oil and oil products export we can watch too.
And that’s all!
However, there are a lot of negative tendencies for example:
1. We can watch decreasing of explored reserves in Russia every year;
2. Worsening reserves quality;
3. Moving to difficult extracting reserves;
4. Staying in the same level of oil recovery (30-35%);
5. Oil cleaning processing has been staying on the same level (71%) for last several years.

More detailed information on this matter is contained in the Lecture 6.