Russia Ready to Invest in its Oil and Gas Infrastructure

Russia one of the worlds leading Oil and Gas exporter and its looking to invest in its industry to improve its capabilities to exact its Oil and Gas resources. It's estimated that Russia has used about 50% of its known Oil and Gas reserves and now it's looking to attract investment to modernize its exploration infrastructure. The Global energy market is rapidly changing greater due to economic growth in Russia and its fellow Bric counties of Brazil , India , China and the new Bric member South Africa which is helping to drive this Shale Gas revolution. In recent years Russia has been beating Saudi Arabia as the worlds largest Oil Producer. Russia's Prime Minister Mr Putin has stated that Russia must total modernize its Oil and Gas Infrastructure to keep up with demand and use its natural resources efficiently .

BricPartner believes Russia needs to invest 300 Billion US Dollars over the next 10 years to total modernize its Oil and Gas  Infrastructure and supply the world and its Bric Partners. If Russia does not invest to this level then its Oil and Gas Production levels could fall by up to 22% by 2020.