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Dr Isabel Figuerola-Ferretti Garrigues
Dr Kostas Andriosopoulos And Dr Gürkan Kumbaroğlu
Energy International Risk Assessment
Ukraine, which in Russian translates as 'on the border', is sitting on the fence in more than one way. The country is now in the news after its president single-handedly put the Association Agreement with the EU "on pause", in favor of a Eurasian customs union with Russia and regional allies.
Risk, be it financial, political or military, is and has been inherent within the oil industries' activities. The oil majors have learnt this the hard way through numerous cases where they experienced these risks materialising, eliminating the value of their investments in the process. Nevertheless, as in most industries, the risks are justified by the benefits and in the case of big oil & gas, experience shows that the benefits are high.
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