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