Originally posted by Vangelovski
Originally posted by Vangelovski
Perhaps your statement had validity 20 or 30 years ago but not today.
The Russian industry is in desperate need of modernisation and is slowly seeking Western, including US expertise.
http://www.growthconsulting.frost.com/web/images.nsf/0/A5A570A52F94965F652575300034FC3D/$File/Russian%20Oil%20and%20Gas%20Investment%20Climate.h tm
The situation in China is a little more complicated as those enterprises that appear “wholly State owned” are actually comprised of a multitude of subsidiary companies that are listed on various Western stock exchanges such as the New York Stock Exchange, London, Toronto exchange and others.
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