Valery Nesterov State Quotations

It would still be bearable, as long as private ownership dominates and gives a competitive push to the state companies, ... And besides, worldwide, it is mostly state-owned companies that pump oil, be it in Saudi Arabia, Iran, Algeria or Mexico.

The forecast annual growth rate over the next 10 years of just over 1 percent reflects the chronic underinvestment that plagues the Russian oil sector because of persistent regulatory uncertainties and growing state interference,