Template-Type: ReDIF-Paper 1.0
Author-Name: Yuri Bobylev
Author-Name-First: Yuri    
Author-Name-Last: Bobylev
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Ilya Fedorov
Author-Name-First: Ilya     
Author-Name-Last: Fedorov
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Russia’s Oil and Gas Sector in 2011 
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 2011 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:  7518 words
Creation-Date: 2012
Revision-Date: 2012
Publication-Status: Published in Russian Economy in 2011, Trends and Outlooks, issue 33
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/43Bobylev.pdf
File-Format: Application/pdf
File-Function: Revised version, 2012
Classification-JEL: L71, L72
Keywords: Russian oil and gas sector, Russian economy
Handle: RePEc:gai:ppaper:43