Ernst and Young

December 28th, 2013 Posted in News

And at the moment the mood of the players is quite life-affirming. In his brief review of the oil and gas companies "Opportunities in difficult circumstances," the experts the firm Ernst & Young (audit, tax, transaction and advisory services) reported studies in which surveyed 569 senior executives from many different countries and different sectors economy. According to the survey, most of the major oil companies maintained or increased their investment to meet the continuing needs to build reserves and increase production volumes. " Also, these studies suggest that respondents from this sector are "wired a little more optimistic about the prospects for the industry." For example, among them 55% of respondents to the question "What action do you plan to take in the next 12 months to exit from the crisis your company become more stable position relative to competitors? "responded:" The strategic acquisition of the underlying market. " Whereas among Representatives of other branches of the same solution chosen, only 35%.

Domestic companies confirm the trend. For instance, China and Russia finally agreed on plans to build an oil pipeline between the two countries and transporting crude oil to China. At the end of June 2009 was approved to provide bank China Development Bank loan of U.S. $ 10 billion, making Russia's state oil company oao Transneft could start pipeline. A Rosneft and China National United Oil Corporation may proceed to conclude a contract on deliveries of oil for 20 years. Gazprom, according to reports by various news agencies, making considerable efforts to In order to consolidate its position in the largest supplier of natural gas to European markets.


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