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The Development of the Oil Sector in Russia

https://doi.org/10.32609/0042-8736-2015-6-45-62

Abstract

The article considers the development of the oil sector of the Russian economy, which plays a leading role in forming state budget revenues and the country’s trade balance. It analyzes the main trends and the results of development of the Russian oil sector since 1990, including the production and refining of oil, oil export, domestic consumption of oil, the prices for oil and petroleum products, tax regulation. The author suggests measures for further development of the oil sector, including the improvements in the tax system.

About the Author

Y. Bobylev
Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia); Gaidar Institute for Economic Policy (Moscow, Russia)
Russian Federation


References

1. Bobylev Yu. N., Turuntseva M. Yu. (2010). Taxation of the mineral sector. Moscow: Gaidar Institute. (In Russian).

2. Bobylev Yu. N., Idrisov G.  I., Sinelnikov-Murylev S.  G. (2012). Export duties on oil and oil products: Cancel expediency and scenario analysis. Moscow: Gaidar Institute Publ. (In Russian).

3. Idrisov G., Sinelnikov-Murylev S. (2012). Modernisation or conservation: The role of export duties on oil and oil products. Ekonomicheskaya Politika, No. 3, pp. 5—19. (In Russian).

4. Alexeev M., Conrad R. (2009). The Russian oil tax regime: A comparative perspective. Eurasian Geography and Economics, Vol. 50, No. 1, pp. 93-114.

5. BP (2014). BP statistical review of world energy. London: BP p.l.c.

6. Daniel P., Keen M., McPherson C. (2010). The taxation of petroleum and minerals: Principles, problems and practice. London: Routledge; N. Y.: International Monetary Fund.

7. EY (2014). Global oil and gas tax guide. Ernst & Young.

8. Johnston D., Johnston D., Rogers T. (2008). International petroleum taxation. For the Independent Petroleum Association of America. Washington, DC: IPAA.

9. US EIA (2013). Technically recoverable shale oil and shale gas resources: An assessment of 137 shale formations in 41 countries outside the United States. Washington, DC: U.S. Energy Information Administration.


Review

For citations:


Bobylev Y. The Development of the Oil Sector in Russia. Voprosy Ekonomiki. 2015;(6):45-62. (In Russ.) https://doi.org/10.32609/0042-8736-2015-6-45-62

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ISSN 0042-8736 (Print)