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Oil interest-bearing assets of China are often reflected in systematic underforcasting because of dependecy to defacto that current transportation
technologies are incompatible with economic development, can expect
higher oil prices and slower GDP growth. There are however, a growing
Chinese energy demand ahead. Also, Russian oil companies leverage due to
the increasing energy consumption. Russian oil companies are not going to
reduce production in 2016. The government has estimated that it will remain
at the level 520-525 million tons. The decline of production at older fields in
Western Siberia compensates the increase of new in Eastern Siberia.
http://www.eriras.ru/files/50382_ERI_RAS-REA_gas_eng.pdf