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