Template-Type: ReDIF-Article 1.0 Author-Name:Bobylev Yuri Author-Name-First: Yuri Author-Name-Last:Bobylev Author-Workplace-Name: Gaidar Institute for Economic Policy Author-Name:Rasenko O. Author-Name-First: O. Author-Name-Last:Rasenko Author-Workplace-Name: Gaidar Institute for Economic Policy Title: OIL SECTOR: POTENTIAL FOR TAX INCENTIVES Abstract: The state of Russia’s oil sector is marked by a general deterioration of the oil extraction conditions owing to depletion of existi ng deposits in developed regions and signifi cantly higher extraction costs at the new oil fields and tight oil deposits. In order to improve the situation, investments in the development of new oil fields are required as well as in deepened development of existing deposits with an improved refining margin. Government fiscal policy should contribute to the resolution of these issues including implementation of structural reform in the tax system and introduction of special excess-profi t tax. Classification-JEL: P24, E52 Keywords: Oil Sector, Russian Economy Year: 2016 Issue:7 Month: July Pages: 29-32 File-URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-7-686.pdf File-Format: application/pdf File-Function: Revised version, 2016 Handle: RePEc:gai:recdev:recdev-2016-7-686