The Oil and Gas Sectorrs Development

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2015 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Yuriy Bobylev;

doi: 10.2139/ssrn.2603299

The Oil and Gas Sectorrs Development

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Abstract

In 2014, Russia’s crude oil output hit its record high since 1990. At the same time, the growth rates of oil production and oil exports are displaying an obvious slowdown. Besides, some additional negative factors have emerged that impose still more constraints of the oil sector’s further development: the plummeting world prices for oil and the financial and technological sanctions introduced against Russia. Since 2015, the oil sector’s taxation system has been undergoing structural transformations designed to significantly play down the economic role of export duties.

Related Organizations

Economic Policy Institute
United States
Gaidar Institute for Economic Policy
Russian Federation

Keywords

OIL & GAS SECTOR, jel: jel:E52, jel: jel:P24

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