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Explainer: What do Russia’s oil giants own overseas?
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
Tax policy will shape Russia’s oil future
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The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
Explainer: How the EU will wean itself off Russian gas
Questions remain about how the phase-out will be implemented and enforced in practice
Arctic LNG comes in from the cold
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International and opposition media claim that two-fifths of the country’s refining capacity is offline, but the true situation is not so dire
Hungary defends Russian energy use
Claims the country lacks alternatives to Russian oil and gas may be exaggerated, although higher costs and reduced security of supply are legitimate concerns.
ExxonMobil’s Russian door remains ajar
While the US oil major has declined to return given the sensitivities over Ukraine, Sakhalin 1 and other energy projects are temptations that will not go away
Russia may defy production capacity doubters
The OPEC+ producer could bring significant idle barrels to the market in the next 12 months
Kazakh president Kassym-Jomart Tokayev
Kazakhstan Russia
Victor Kotsev
15 August 2022
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Kazakhstan seeks to chart own course

It may be too soon to speak of a divorce between Russia and Kazakhstan. Yet the former’s invasion of Ukraine is sending shivers through Central Asia

Alliances are being redrawn in Central Asia, with Russia, China, Turkey and the West pulling the region’s countries in different directions, and experts say energy trade is the key indicator to watch. Kazakhstan, which contains the region’s largest proven oil reserves and shares the world’s second-largest land border with Russia, is sharply in focus for defying its former imperial master. Kazakhstan, home to 19mn people, is the largest Central Asian state. It is also the only country in the region to border Russia, and has been on a geopolitical rollercoaster this year. In January, Russian forces helped quell what authorities described as a foreign-backed coup, leading many analysts to specu

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