Template-Type: ReDIF-Paper 1.0
Author-Name:Bobylev Yuri
Author-Name-First: Yuri 
Author-Name-Last:Bobylev 
Author-Workplace-Name: Gaidar Institute for Economic Policy 
Title: Russian oil and gas sector in 2016
Abstract: The oil and gas sector is among principal sectors of the Russian economy and is the driving force in shaping the state budget revenues and the trade balance. In 2016, Russia’s crude oil production hit an all-time peak since 1990, and crude oil exports were close to an all-time high. Under the so-called tax maneuver in force in the oil industry, refining depth went up noticeably, production and export of fuel oil moved down and export of crude oil, a highly lucrative source of the budget revenues, increased.
Classification-JEL: L71, L72
Keywords:  Russian economy, oil and gas sector, oil production, oil prices, oil and gas export
Creation-Date: 2017
Revision-Date:2017
Length: 10 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-274.pdf
File-Format: application/pdf
File-Function: Revised version, 2017
Handle: RePEc:gai:ppaper:ppaper-2017-274