RusEnergy

RBC, 06.02.2007, Moscow 17:33:40. – Russian President Vladimir Putin doubts that Russia needs to become the world leader in oil production in the near future, the Russian leader told a meeting with the management of the Russian Union of Industrialists and Entrepreneurs. According to the president, Russia is the global leader in natural gas production and may reach the leading position in oil output this year. However, he added that he was not sure Russia needed that. Putin added that the government would provide stability, legislation, and a favorable investment climate for Russian businesses.