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Rosneft chief and Putin confidant...Igor Sechin...wants to buy more assets to grow the state run energy giant he runs.
But some economists maintain state control is the wrong scenario...only re-creating the inefficient monsters of past socialism.
"If Putin wants to stay in power for the next six years, he needs a lot of cash and he needs a lot of productivity gains. And those are not feasible under a scenario when you are buying more and more. You need to find cash somewhere and these state companies are destroying a lot of value."
AND : Rosneft has announced plans to spend $36-38 billion in the next 40 years to develop Venezuela's oil...with $20 bn for the Junin 6 project...and $16-20 for Carabobo 2 project.
President Putin also gifted Hugo Chavez...with a black terrier puppy.
http://www.businessweek.com/ap/2012-09-27/venezuela-russian-companies-start-tapping-oil
President Putin also gifted Hugo Chavez...with a black terrier puppy.
http://www.businessweek.com/ap/2012-09-27/venezuela-russian-companies-start-tapping-oil
