The Russian energy sector is characterized by a lack of upstream exploration and development in oil and gas. Outside investment and market penetration problems for foreign companies decrease gains from newer technology and reduce production.

Weak and ageing infrastructure prevents Russia from fully realizing potentialrevenue from productionand transportation of its oil and gas reserves to European countries. Russia would benefit from sharp increases in infrastructure investment and has many avenues toward turning an old, inefficient and unreliable distribution network and refining sector into a world leader in capabilities and responsiveness to demand. Read More | Comments