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LIGNET: Putin's Control of Russian Oil Could Have Big Impact

Monday, 29 Oct 2012 01:58 PM

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With the acquisition of TNK-BP, Rosneft has become the largest oil company in the world and the majority of Russia’s vast oil and gas reserves have been placed under the control of the Kremlin. Though BP will retain a minority stake in the merged Rosneft and other major international oil companies will also remain in Russia for the time being, they will play bit parts, with Moscow, and even Russian President Vladimir Putin himself, calling the shots. It is a triumph for Putin, who has attempted to revive Russia’s superpower status with oil revenues and sees Russian power as closely bound up with its natural resources. But the world has reason for worry, with so much of the world supply of oil in the hands of one man.

Click here to read the full analysis from top intelligence experts at LIGNET.com.


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