In the second half of the 1980s, the collapse of the Soviet empire created an unprecedented opportunity for Western companies. Among the most attracted the oil companies, the study by Russia’s vast oil reserves were rushed. But, as they soon discovered, investment in Russia still result in enormous risks – economic, legal and political. The case is being investigated as three companies (Phibro, Mobil and Conoco) have evaluated the risks of Russia and formulated a strategy for investment.

In the second half of the 1980s, the collapse of the Soviet empire created an unprecedented opportunity for Western companies. Among the most attracted the oil companies, the study by Russia’s vast oil reserves were rushed. But, as they soon discovered, investment in Russia still result in enormous risks – economic, legal and political. The case is being investigated as three companies (Phibro, Mobil and Conoco) have evaluated the risks of Russia and formulated a strategy for investment.
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from
William W Janos,
Julia Kou,
Debora L. Spar
Source: Harvard Business School
25 pages.
Publication Date: Jun 29, 1995. Prod #: 795 022 PDF-ENG
White Nights and Polar Lights: Investing in the Russian oil industry HBR case solution

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