Western Oil Companies, Facing New Demands, Find It Easier To Exit Russia

Western Oil Companies, Facing New Demands, Find It Easier To Exit Russia

Loren Steffy, UH Energy Scholar

NOVOKUIBYSHEVSK, RUSSIA - MARCH 15: A general view of the Novokuibyshev Refinery owned by Rosneft ... [+] oil company on March 15, 2012 in Novokuibyshevsk, Samara region, Russia. The refinery was previously owned by Yukos, whose former head Mikhail Khodorkovsky was arrested in 2003 on charges of tax evasion, fraud and embezzlement and later jailed in 2005. In 2007 it was acquired by state oil company Rosneft. The crude distillation capacity of the Novokuibyshev refinery is 58.5 mln barrels per year. (Photo by Sasha Mordovets/Getty Images)