Russian oil companies developed local alternatives for around 90% of previously imported technologies in the oil and gas sector, said Sergei Tsivilev, the Minister of Energy of Russia.
Image: RIA Novosti
Russian oil companies and service providers managed to replace around 1,800 out of 2,000 technologies in the oil and gas sector. These technologies were previously imported or provided by foreign oilfield services companies that ceased or limited their business operations in Russia after 2022, when the U.S. and the E.U. imposed sanctions on the Russian oil and gas industry. The remaining 200 technologies will be substituted by the end of 2027, according to the minister.
Sergei Tsivilev also said that Russian companies are currently developing new industry standards. These will substitute the standards of the American Petroleum Institute (API) that were widely adopted and used in Russia before. The new standards will be applied to new technological developments in the oil and gas sector.
The Eurasian Links 