Released on = May 28, 2006, 9:22 pm

Press Release Author = RNCOS

Industry = Energy

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/IM035.htm) With
more investments in the oil and gas exploration, Russia gears up to top the list of
oil and gas exporting countries in the world.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/IM035.htm)
Comprising of 14% of the world's reserves, Russia is one of the leading suppliers of
oil & gas in the world today. As of now the total calculated value of Russian oil
and gas reserves is about $17 trillion.

Accounting for 27% of the GDP, almost an equivalent share of the total industrial
production & more than 50% of the federal budget revenues, the oil & gas industry in
Russia is a major contributor to the economy of the country. Approximately, 1/3rd of
the natural gas production and ½ of the crude oil production in Russia is exported
abroad.

The Russian government has set up a 260 billion rubles program, so that new ways to
further increase the national energy resources can be found out. A total of 62
billion rubles investment was done by the end of the year 2005, whereas operating
companies in Russia accounted for the 57 billion rubles of it.

The latest market research report named, "Russian Oil & Gas Industry Forecast",
published by RNCOS provides a comprehensive discussion of the oil and gas industry
in Russia. As per the report, "Russian Federation, the largest supplier of natural
gas, 2nd largest oil producer & exporter, and 3rd largest energy consumer in the
world, is a prominent player in the energy industry in world".

As per experts at RNCOS, "The government of Russia plans to invest 16 billion rubles
for exploration work" "Each of the billion rubles put in will bring no less than
155,000 metric tons of resources", further added the experts.

While discussing the current scenario and forecasting the future prospects of the
industry, the report highlights the challenges & opportunities before the oil and
gas industry in Russia. It includes the profiles of key players in this sector.
Various government programs and reforms that affect the industry are also discussed
in this report. It is a must read for investors and businesses.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports for your business needs and
aims to put an end to your information pursuit. Our expertise in gathering global
business information for industry research, corporate training, growth consulting,
and business consulting, brings reputed companies and firms to us for business
enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/IM035.htm
For more information about the report please visit www.rncos.com



Web Site = http://www.rncos.com

Contact Details = RNCOS
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Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
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info@rncos.com