The Oil and Gas Sector’s Development

Russian Economic Developments. Moscow, 2015, #4, pp. 32-36

5 Pages Posted: 8 May 2015

See all articles by Yuri Bobylev

Yuri Bobylev

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

Date Written: May 6, 2015

Abstract

In 2014, Russia’s crude oil output hit its record high since 1990. At the same time, the growth rates of oil production 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 financial and technological sanctions introduced against Russia. Since 2015, the oil sector’s taxation system has been undergoing structural transformations designed to significantly play down the economic role of export duties.

Keywords: Russian economy, oil production, gas production

JEL Classification: P24, E52

Suggested Citation

Bobylev, Yuri, The Oil and Gas Sector’s Development (May 6, 2015). Russian Economic Developments. Moscow, 2015, #4, pp. 32-36, Available at SSRN: https://ssrn.com/abstract=2603299 or http://dx.doi.org/10.2139/ssrn.2603299

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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