Template-Type: ReDIF-Paper 1.0
Author-Name:Yury Bobylev
Author-Name-First: Yury         
Author-Name-Last: Bobylev
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:   Russian Oil and Gas Sector in 2012
Abstract:  Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country’s balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2012 were the situation on the world oil market; the situation on the European gas market; and the objective deterioration of the conditions for the extraction of oil and natural gas, which is associated with a declining production at the ‘old’ deposits and the considerably higher costs of the development of new ones, especially in unpopulated areas with no infrastructure..
Length:  20 pages
Creation-Date: 2013
Revision-Date:   2013
Publication-Status: Published Paper Series 
Classification-JEL: L71, L72
Keywords: Russian economy, oil world prices, oil production structure, oil and gas exports, tax regulation of the oil and gas sector
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/151Bobylev.pdf
File-Format: Application/pdf
File-Function: Revised version, 2013
Handle: RePEc:gai:ppaper:151