Press Esc to close



For full content view: Log in Now!

  • FSU/ Eastern Europe: Countries thrive on revitalized output

    FSU countries by Russian Petroleum Investor, Moscow

    Russia. The economy remained stable throughout 2001, characterized by increased production, brisk investment activity and income growth. GDP grew 5% (compared with 2000), while industrial output increased 4.9%. Declining world oil prices affected financial results of virtually all Russian oil companies. For example, LUKOIL’s net profit slumped 35% in 2001, to $1.203 million. Net profit at Surgutneftegaz plummeted 64%, to $710 million (based on Russian accounting standards), and decreased 12% at YUKOS, to $343 million. However, investments in oil production that companies made in 2000 ensured record output growth in 2001. This largely offset oil price declines in the domestic and international markets. Over 30% of Russia’s hard currency revenues were generated by the oil industry.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology