The re-election of Vladimir Putin for his fourth term as president in March suggests a significant degree of policy continuityrnin the energy sector, including cooperation with OPEC. Risks for some major energy projects have risen as a result ofrnpolitical confrontation with the west, but this too may encourage Moscow’s growing relationship with Saudi Arabia, andrnRussian efforts to diversify its export markets, in particular with Asian countries, where oil and gas demand growth remainrnstrong.
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