Experts Predict End of Oil Boom in Russia

The Organization for Economic Co-operation and Development (OECD) released research on the state presence in the fuel and energy complex in CIS countries last week, claiming that the share of Russia, Kazakhstan, Azerbaijan, Uzbekistan and Turkmenistan in the world growth of oil supply shrank to 30-35 percent by 2005, compared to 60 percent between 1984 and 2004. The OECD blames it on the regulating governmental policies in Russia and Kazakhstan.

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