LONDON (AFX) – Oil majors’ focus on return on capital employed is becoming the biggest barrier to investments in the sector, even overshadowing political risk factors that has deterred the flow of foreign capital into oil-rich countries in the Middle East and Russia, said Robert Arnott, senior research fellow at Oxford Institute for Energy Studies….
RUSSIA: Oil companies’ ROACE targets a ‘barrier’ to investments in the sector Ð re
Posted on November 6, 2003 by EnergyAsia