why Export?
As we've already seen, Russia and LUKOIL have a lot of oil reserves. when countries or companies have an abundant storable commodity, which is not easily spoiled, a number of factors may influence the quantity they try to sell in the short term, especially to export markets. One is the expected of future prices compared with present ones Zi.e., if future prices are expected to be higher than the net present value of investment earnings from immediate sale), one may be better off by limiting current sales. however, in the case of oil exports, projecting future prices is particularly problematic because they depend so much on derived demand, which in turn depends on uncertainties about industrial output, climatic on