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Maxim Nechaev
Director, Russian upstream and downstream economics, S&P Global Commodity Insights
Maxim Nechaev is a Director in the Upstream consulting team based in Moscow. He brings almost 20 years of oil and gas and consulting experience in upstream, downstream, and industry analysis.

Maxim expertise comprises Russian upstream and downstream economics (profitability, exploration costs and activities, production and refining operating and capital costs, transportation, taxes), midstream projects, crude oil and products quality issues, upstream projects developments and production capacity. His practical experience developing upstream and downstream strategies for Russian oil companies and international majors, supporting IPOs and debt financing, consulting governments on oil industry investment attractiveness (taxes, licensing, process), supply chain management. Maxim is a frequent speaker at industry conferences, an author of industry reports, and a commentator to oil industry developments in Russia on business TV programs and press. He is the author of many research articles, government reports, and other publications.

Prior to joining S&P Global, Maxim worked in the strategy consulting firms Booz & Co. and Roland Berger developing strategies for oil companies. Before that, he spent four years with IBM Business Consulting Services, improving operational process with Russian oil majors. Prior to this, he was an internal auditor enhancing internal controls at TNK-BP, a Russian joint-venture with BP. Maxim holds a BA in economics, an MA in political economy from Dartmouth College, and an MBA.

Industry expertise
Oil & Gas Upstream
Oil Markets, Midstream, and Downstream
E&P Terms and Above-Ground Risk
Areas of interest
Crude Oil Quality Banks
Taxation Risk
Exchange Rates
Exploration & Production (E&P) Economics
Fiscal Policy
Industry Monitoring and Trends
International Oil Companies (IOCs)
Energy Geopolitics
Oil Prices
OPEC (Organization of the Petroleum Exporting Countries)
Petroleum Economics
Political Risk
Scenario Planning
National Oil Companies (NOCs)
Regional focus
Europe & CIS
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