icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russia’s energy sector awaiting reforms

Russia’s energy sector awaiting reforms
The Russian Federal Energy Agency Rosenergo is planning to review the way it distributes quotas for the export of oil, via the pipeline network belonging to Russia's state owned monopoly Transneft.

For the last 15 years oil companies had fixed rights to use certain export directions. Rosenergo says under new regulations all companies will be able to transfer to each other the rights for the exports, according to their interests. As Rosenergo says, federal law on equal access to the oil export channels does exist, but has not been working until now.

Meanwhile Russian Prime Minister Mikhail Fradkov has called for Russia to move away from the country's addiction to oil, and get closer to an innovation-based economy.

“The government needs to analyse the effectiveness of our own strategy to diversify the economy and switch to an innovation economy .We need to see how soon we'll be able to get off the oil addiction,” Mr Fradkov said.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.

Podcasts