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Ann: Lukoil Proposal Not Proceeding, page-48

  1. 528 Posts.
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    Serious? Oil projects are regularly over budget ~30-50% due to many uncontrollable factors. If management hadn't planned for that shame on them.
    Regardless this is another example of how risky the upstream oil business is. We haven't even talked of the oil price volatility and political risk of expropriation etc.
 
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