Utrania was formerly a major petroleum exporter, but in recent decades economic stagnation and restrictive regulations inhibited investment in new oil fields  In consequence, Utranian oil exports dropped steadily as old fields became depleted  Utrania' s currently improving economic situation, together with less-restrictive regulations, will undoubtedly result in the rapid development of new fields
However, it would be premature to conclude that the rapid development of new fields will result in higher oil exports, because
most of the investment in new oil fields in Utrania is expected to come from foreign sources