Template-Type: ReDIF-Article 1.0
Author-Name:Yuriy Bobylev
Author-Name-First:Yuriy       
Author-Name-Last: Bobylev  
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: THE OIL AND GAS SECTOR�S DEVELOPMENT
Abstract: In 2014, Russia�s crude oil output hit its record high since 1990. At the same time, the growth rates of oil produc-
tion 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 fi nancial and technological sanctions introduced against Russia. Since 2015, the oil sector�s taxation system
has been undergoing structural transformations designed to signifi cantly play down the economic role of export
duties. 
Classification-JEL: P24, E52  
Keywords: OIL & GAS SECTOR
Journal: Russian Economic Developments
Year: 2015
Issue: 4
Month: April
Pages: 32-36
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/489Bobylev.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:489