Development Prospects for Russian Oil and Gas Industry Offshore in Context of Import Substitution, 2020 Report – ResearchAndMarkets.com
ResearchAndMarkets.com’s offering. The import substitution process was started in earnest after the imposition of sanctions in 2014. Six years is a substantial enough period to summarise interim results. On the one hand, the figures are not that bad: the industry already depends on imports by less than 50 percent. On the other, this is a typical average, while details are all-important. And an important question is what exactly should be deemed Russian equipment, considering active use of foreign parts and especially software. Some import substitution examples are a success indeed, but ther...
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