Russia’s mixed messages threaten oil investment

The mixed messages Russia is sending about the future of some of its biggest foreign-led oil and natural gas projects threaten to undermine international investment even if Moscow fails to act on many of its threats, oil executives and analysts say.

Joseph Stanislaw, independent adviser to Deloitte and Touche, the accounting and consulting firm, said Russia did not necessarily want to ramp up production too quickly.

“People at the natural resources ministry and various other ministries are asking themselves, ‘How much do we really want to produce, and how quickly?’,” he said, noting that this had long been a focus of other big oil producers such as Kuwait, which want to keep their resources for future generations.

MSNBC