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The Financial Significance of the Oil and Gas Sector for the Russian Economy
https://doi.org/10.32609/0042-8736-2012-10-76-91
Abstract
The article describes the complex of economic and financial indicators reflecting the results of Russia’s oil and gas industry in 2011. Price environment of the major energy resources with regard to their realization at the domestic and international markets is analyzed. Main indicators of economic performance of the oil and gas industry (revenue, profit, profitability) are reviewed with differentiation by companies. The authors consider the tax burden for the oil and gas companies; show their role in forming federal budget revenues. The paper presents the analysis of specialized funds and reserves that are formed at the expense of oil and gas industry sources; examines Russia’s balance of payments as well as revenues generated by oil and gas exports. The stock market structure of Russia and the world is described with consideration of particular oil and gas companies.
Keywords
oil and gas industry,
revenue,
net profit,
international reserves,
reserve fund,
federal budget,
oil and gas revenues,
capitalization
JEL: G32; H71
About the Authors
L. Eder
Institute of Petroleum Geology and Geophysics, SB RAS; Novosibirsk State University (Novosibirsk, Russia)
Russian Federation
Russian Federation
I. Filimonova
Institute of Petroleum Geology and Geophysics, SB RAS; Novosibirsk State University (Novosibirsk, Russia)
Russian Federation
Russian Federation
References
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Review
For citations:
Eder L., Filimonova I. The Financial Significance of the Oil and Gas Sector for the Russian Economy. Voprosy Ekonomiki. 2012;(10):76-91. (In Russ.) https://doi.org/10.32609/0042-8736-2012-10-76-91
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