Chris Weafer Quotes (8 Quotes)

Russia is saying you can't have your cake and eat it. If you're in the Russian sphere of influence, you get cheap energy. If you aren't, you don't.

A safe number is probably double that (72 billion barrel) figure. But it's not impossible it's three times as high.

The two groups are clearly vying for a dominant position in energy. The only thing we are sure of is that ultimately a state company will be dominant.

They did at the time say that funding would be short term and that they would be looking to refinance. We're now coming up against that period. It was assumed that it wouldn't be have to done before the IPO, but it now appears that IPO deadline is slipping, which doesn't really surprise anybody.

They have a vested interest.

When they make that adjustment, it should lead to one-off demand of around 8 billion from large mutual funds. That's one of the drivers of the share price.

The international banks are facing enormous pressure to get people on the ground in Russia. The market keeps going up, the number of international investors keeps rising and this looks to continue next year.

International investors look at Russia as part of a global picture.