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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
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a tariff reform aimed at bringing domestic prices for natural gas and electricity closer to the world level. In addition
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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
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as the bulk of currently operating deposits are largely exhausted and the most promising oilfields are situated in remote areas of Northern Russia
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as they may hamper the country's ambitious projects of simultaneous penetration into several important energy markets
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but they also represent an important and (still) the most successful part of the national economy. However
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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
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transportation constraints are becoming much of a concern
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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
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with only transportation and distribution remaining in state hands. In the oil sector
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Astrov, Vasily
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Wiener Institut für Internationale Wirtschaftsvergleiche, wiiw
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wiiw Research Reports
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The Russian Oil and Gas Sector: Facing the New Challenges
Astrov, Vasily
-
Wiener Institut für Internationale …
-
2003
-scale energy-saving measures envisaged by the federal 'Energy Strategy' and implying,
among
other
things
, a tariff reform aimed at …
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