The development of the Russian oil industry requires new greenfield projects involving high development costs. In this context, the idea of introducing a tax on extra revenue (TER) for the oil industry has been debated extensively. The tax is supposed to ensure the minerals resource rent is...

The state of Russia's oil sector is marked by a general deterioration of the oil extraction conditions owing to depletion of existing deposits in developed regions and significantly higher extraction costs at the new oil fields and tight oil deposits. In order to improve the situation,...

Russian oil sector has achieved maximum levels of production on and exports. Oil extraction is at the highest point since 1990 and oil exports are at the all-time maximum. Meanwhile, prospects for the development of the oil sector are determined by deterioration of the oil extraction conditions...

Существующий в Российской Федерации механизм изъятия ресурсной ренты от продажи общенациональных ресурсов является путем покрытия неэффективности главным...

Petroleum complex is Russia's basic economic sector which is playing a leading role in providing the state budget revenues. This paper is dedicated to the main issues of the government petroleum tax policy in Russia. The author analyses the outcome of the implemented petroleum tax reform and...

Oil and gas sector remains the backbone of the Russian economy and produces the lion's share of the state budget revenues and of the trade balance. Acute oil price fluctuations which took place on the free market, reduction in demand for gas, as well as objective fall in the oil and gas...

This article deals with a wide choice of issues related to macroeconomic production. Characteristic feature of 2006-2007 was economic growth acceleration rates along with positive effect of foreign economic situation factors and internal economic activity. Increase in business activity was based...

The oil-and-gas sector has continued being the cornerstone to Russia's economy and as such it plays a pivotal role in forming the state budget revenue and the nation's balance of trade. In 2010, it was the situation in the global oil market, the one in the European gas market, and an objective...

The world market in 2012 was characterized by the persistence of high global oil and natural gas prices. The average price of Russian Urals crude oil on the European market, according to preliminary estimates, amounted to $ 110.3 per barrel, and that of Russian natural gas – to $ 418,2 per...

Since the beginning of 2012, the situation in the oil and gas sector has been characterized by the persistence of high global oil and natural gas prices. According to preliminary estimates, the average price of Brent crude oil in January‐September 2012 amounted to $ 112.4 per barrel, which...