How much oil can Russia produce? : a study in the Russian oil sector

Russia's economy has recovered after the deep recession in 1998 and the country currently scores high growth figures.One driving force is the booming oil sector, which gains from high world oil prices.Russia is very dependant on raw materials, and especially of the oil sector.The country is close to the limits of oil production and export capacity.Investments in new capacity and improvement of old are desperately needed.Moreover, during the current high oil price period, and especially recently as the largest oil company Yukos has been under attack by the authorities, international observers have become especially alert to fluctuations on the oil sector.The Yukos affair has ensured us that Russia's transition towards a market economy is far from over. However, foreign companies seem to be adapting to the situation, as foreign investments to Russia still continues to grow, despite the conflict.Keywords: Russia, oil, oil production, oil export, investment atmosphere