Challenges of Russian Fuel and Energy Complex

The research investigates the current state of Russian fuel and energy complex, presenting current statistics and analytics. The purpose of this research is to explore main areas of Russian fuel and energy complex, such as oil and gas industries, especially in terms of export and production, in order to disclose major challenges that become even more obvious in current 2014-2015 political crisis. It was discovered that though short-term prospects of Russian fuel and energy complex are not as gruesome as proposed by many, there are severe issues with the condition of infrastructure. It is beyond doubt that Russia will require foreign help in order to fix current wear and tear of infrastructure and allow Russia to renew it technological capacity that will be needed for future exploration and production. Russia has a lot of challenges in terms of its export orientation in the next 20 years as well. DOI: 10.5901/mjss.2015.v6n5p112