Main Trends In the Oil Sector In 2018-2019

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2019, No. 4, pp. 6-10

5 Pages Posted: 29 Apr 2019

See all articles by Yuri Bobylev

Yuri Bobylev

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

Date Written: March 28, 2019

Abstract

Amid raising global oil prices, crude oil production in Russia in 2018 hit an all-time high for the post-Soviet period. Under the first stage of tax maneuver in force in the oil industry, production and export of fuel oil moved down resulting in contraction of oil refining volumes but refining depth went up notably. Year 2019 saw the launch of the second stage of the tax maneuver in force in the oil industry and the tax on extra revenue was adopted.

Keywords: Russian Economy, Oil and Gas Sector

JEL Classification: L71, L72

Suggested Citation

Bobylev, Yuri, Main Trends In the Oil Sector In 2018-2019 (March 28, 2019). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2019, No. 4, pp. 6-10, Available at SSRN: https://ssrn.com/abstract=3361696 or http://dx.doi.org/10.2139/ssrn.3361696

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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