Oil Industry: Exports at Peak
Monitoring of Russia's Economic Outlook. Moscow, IEP, No. 3, 2017, pp. 5-8
4 Pages Posted: 3 Apr 2017 Last revised: 31 May 2017
Date Written: March 3, 2017
In 2016, Russia’s crude oil production hit an all-time peak since 1990. Under the so-called tax maneuver in force in the oil industry, refining depth went up, production and export of fuel oil moved down and export of crude oil, a highly lucrative source of state budget revenues, increased.
Keywords: Russian Economy, Oil and Gas Industry, Peak Output
JEL Classification: L71, O47, O13, Q32
Suggested Citation: Suggested Citation