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~institution:"Wiener Institut für Internationale Wirtschaftsvergleiche, wiiw"
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East Siberia and the Far East. Finally
1
Russian oil and gas are playing a vital role in the world markets
1
a lot will depend on whether Russian exporters will be able to export more refined oil products and less crude oil
1
a tariff reform aimed at bringing domestic prices for natural gas and electricity closer to the world level. In addition
1
among other things
1
and particularly on whether it will be able to overcome the looming supply bottlenecks. Part of the problem is to be solved via the large-scale energy-saving measures envisaged by the federal 'Energy Strategy' and implying
1
as the bulk of currently operating deposits are largely exhausted and the most promising oilfields are situated in remote areas of Northern Russia
1
as they may hamper the country's ambitious projects of simultaneous penetration into several important energy markets
1
but they also represent an important and (still) the most successful part of the national economy. However
1
not least because of the recent warming of the Russian-American relations. Another issue is whether the oil sector will be able cope with production bottlenecks
1
such as those of the United States and East Asia. As of now
1
the country's gas industry is to be reorganized on a competitive basis
1
there are reasons to believe that Russia will continue its strategy of free-riding on OPEC supply cuts in the years to come
1
transportation constraints are becoming much of a concern
1
whether the oil and gas sector will become an engine for the country's development in the medium and long run depends to a large extent on the performance of the sector itself
1
with only transportation and distribution remaining in state hands. In the oil sector
1
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Astrov, Vasily
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Wiener Institut für Internationale Wirtschaftsvergleiche, wiiw
International Monetary Fund (IMF)
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International Monetary Fund
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
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International Food Policy Research Institute (IFPRI)
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C.E.P.R. Discussion Papers
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Directorate-General Economic and Financial Affairs, European Commission
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Economic Research Service, Department of Agriculture
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The Russian Oil and Gas Sector: Facing the New Challenges
Astrov, Vasily
-
Wiener Institut für Internationale …
-
2003
Russian oil and gas are playing a vital role in the
world
markets
, but they also represent an important and (still) the …
Persistent link: https://www.econbiz.de/10009649607
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