Posted on 04/21/2022 2:08:32 AM PDT by Cronos
...According to Konstantin Radinskypresident of the Oil and Gas Equipment Manufacturers Association (OGEMA)has assured that the latest ban on the export of technological goods to Russia could seriously affect the operations of Russian refineries and offshore production.
... the export controls on technological goods or totally sanction the banks already excluded from the SWIFT global payment system.
“I would say that the two biggest problem areas in the fuel and energy complex are, first of all, processing, because, in fact, we have virtually no import substitutions”, Radinsky pointed out at the last meeting of the Duma’s energy committee, according to the ‘Interfax’ agency. “If you go to any refinery, you will understand what I mean, since each valve, each pump is practically 90% foreign. However, the biggest problem is that it is controlled by foreign ‘masterminds’, as there are Japanese, German and French technologies,” he added.
Likewise, the president of OGEMA has pointed out that there are wells “currently working” but “how to maintain them is a big question”while indicating that “there are great environmental risks that we will have to deal with”. In addition, he has assured that Russia has no problems producing components for the oil and gas industry, since Russian companies are capable of assuming up to 80% of the production of the necessary equipment, but he has also verified that there is a shortage in the national market. of technology.
“We have had and will have production. There are no critical elements. However, if several refineries fail because some microchip, microelement or board is out of order, or a foreign specialist did not provide service in time, then already the problem will arise that we will have nothing to sell, even though we have everythingsaid the expert.
(Excerpt) Read more at oxnard24.com ...
So breakdowns will cripple ‘em, and expansion will be impossible until they figure out how to copy what they’ve already got. Easier said than done, because Russia doesn’t have much of a machine tool industry.
Neither do we, by the way. Most of the big stuff we use in the auto and aerospace industries is German. Been there, done that. (I worked 15 years for one of those German companies before I retired.) The Japanese try, but they can’t keep up. Maybe China can help Putin out?
The chinese also import machine tools from Germany.
I guess they’re doomed, which I’m sure warms your little heart. 🤣
Yeah, the Russians just can’t figure out that technology stuff.
Which is why they have hypersonic missiles, and we don’t.
Which is why our astronauts go to the ISS on Russian rockets.
Yeah, them Russkies is just a bunch of tech boobs, can’t figger out nothin as complikated as oil industry stuff.
A lot of Russia’s oil and gas fields (most) are now headed the way of Venezuela’s.
Japan is going to keep their joint projects with Russia producing in the Far East, because Japan is desperately poor in domestic energy supplies.
But pretty much the rest of Russian oil and gas production is now gliding in for a hard landing, after all of the International oil majors just walked away.
Russian oil is inherently expensive to produce, and their natural gas is reliant on fixed transport infrastructure to the Western markets.
There is now an investment ban on Russia, that is going to starve the massively capital intensive adaptations that would be needed to maintain production, and build out the infrastructure to new markets.
Putin has screwed the pooch. They are going to have a really big long term mess on their hands, after “Victory” Day.
See above.
Saw above.
Watch the train wreck in The Russian oil and gas sectors.
Russians are big owners now in Venezuela’s reserves, and have not been able to make up for the loss of Western oil majors participation, despite it being the world’s single largest reserve, convenient to the coastline, in a mild climate.
I guess it’s not rocket science, which they are actually good at.
Coyote Shipping will continue to expand and haul product.
Turn off the transponders and transmit messages in code.
The Western companies are flaiming idiots to have invested so much in R&D and development and testing and manpower to create that equipment. The mighty Russians will show those fools how its done. /extreme sarcasm
“ Coyote Shipping will continue to expand and haul product”
Some, but not much.
Russia was the world’s second biggest producer. It is going to lose that position.
It may well become the world’s biggest smuggler of oil, but it will still be much lower volume, and sold at a steep discount, like fencing stolen goods.
First - “they”, as in Russians as a whole aren’t “doomed”. Their oil industry will be crippled as long as Putin continues his ego trip of a war.
Second - the pain felt by ordinary Russians does not in any way warm my heart. We need to get Putin to stop his war of aggression and this seems to be the best way.
Putin is damaging his economy and killing thousands of Russian boys (not to mention what he is doing to his “fellow Eastern Slavs” in Ukraine)
I read something a month ago on how much Russia relies on Western tech and it is vast and sweeping. They are really screwed.
Next, your Which is why they have hypersonic missiles, and we don’t. is nonsensical -- the US tested the:
SpaceX makes better and cheaper transportation and NASA is going to use it
The Russian rockets are 1960s and 1970s technology - they haven't evolved at all.
NASA does hire ArianeSpace to launch some of its deep space probes and Russia to deliver US astronauts to the ISS, though NASA has been busily funding Boeing, SpaceX, and Lockheed-Martin to develop crewed capsules.
Putin has screwed Russia - he siphoned off billions and didn’t build up the country at all. he rode the oil price boom in the early 2000s to convince people that he did it — well, he didn’t.
Instead of making Russia a developing economy with smart people, he crushed them so that the best minds left.
And now he started this senseless war instead of keeping on with his salami tactics
The US investigated hypersonic missiles in the 1970's. The military wasn't sold on the idea of them.
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