Russian Oil and Gas Sector in 2012

Russian Economy in 2012. Trends and Outlooks. Issue 34. Moscow 2013

20 Pages Posted: 29 Aug 2013

See all articles by Yuri Bobylev

Yuri Bobylev

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

Date Written: August 28, 2013

Abstract

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country’s balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2012 were the situation on the world oil market; the situation on the European gas market; and the objective deterioration of the conditions for the extraction of oil and natural gas, which is associated with a declining production at the ‘old’ deposits and the considerably higher costs of the development of new ones, especially in unpopulated areas with no infrastructure.

Keywords: Russian economy, oil world prices, oil production structure, oil and gas exports, tax regulation of the oil and gas sector

JEL Classification: L71, L72

Suggested Citation

Bobylev, Yuri, Russian Oil and Gas Sector in 2012 (August 28, 2013). Russian Economy in 2012. Trends and Outlooks. Issue 34. Moscow 2013. Available at SSRN: https://ssrn.com/abstract=2317210 or http://dx.doi.org/10.2139/ssrn.2317210

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

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
47
Abstract Views
276
PlumX Metrics