Export Duties on Oil and Oil Products: Cancel Expediency and Scenario Analysis

The existing mechanism of gaining resource rent from the national resources sale represents a way to cover inefficient mainly one economic sector – oil refining. National oil refining in the world prices has been producing negative value added for over twenty years. Present research provides analysis of the consequences, which can come from the cancellation of the export duty on oil and oil products as a necessary step to stimulate the energy efficiency of Russia’s economy and to eliminate underdevelopment from a long term subsidizing of inefficient oil refining sector.