Rosneft’s transformation into a new state-controlled oil monster will have a significant impact on Russia’s energy scene, leaving private companies in a minority and facing a tougher task in defending their interests. Independents may need to amend their strategies, adapting to the new reality of Rosneft’s dominance, which will further restrict their opportunities at home. And given Rosneft’s ambition to become a global player, private companies could face competition with their giant compatriot even outside Russia.
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