LETTER FROM MOSCOW: MARCH 2009

摘要

Russneft in limbo rnUncertainty looms over Russia'3 eight-biggest oil producer Russneft as its current owner, billionaire Oleg Deripaska, seeks ways to restructure the outstanding debt of his business empire and copewith snowballing liquidity problems. The company produced 284,000 b/d of oil in 2008, but has made no public forecast for this year. A cut in output seems likely, owing to a lack of investment funds. Russneft's proven reserves were evaluated at 1.26 billion barrels of oil equivalent as of January 1, 2007.