Russia's Oil-and-Gas Sector in 2010

Russian Economy in 2010: Trends and Outlooks, Issue 32, 2011

18 Pages Posted: 13 Oct 2012

See all articles by Yuri Bobylev

Yuri Bobylev

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: 2011

Abstract

The oil-and-gas sector has continued being the cornerstone to Russia’s economy and as such it plays a pivotal role in forming the state budget revenue and the nation’s balance of trade. In 2010, it was the situation in the global oil market, the one in the European gas market, and an objective deterioration of conditions of oil and gas production, decline in output at “old” fields and a considerably greater costs of development of new ones, particularly in the undeveloped regions with no infrastructure therein, that exerted the greatest influence on the national oil-and-gas sector’s advancement.

Keywords: Russian economy, Russia's oil and gas industry

JEL Classification: L71, L72

Suggested Citation

Bobylev, Yuri, Russia's Oil-and-Gas Sector in 2010 (2011). Russian Economy in 2010: Trends and Outlooks, Issue 32, 2011. Available at SSRN: https://ssrn.com/abstract=2160790

Yuri Bobylev (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
119571
Russia

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