Oil and gas comprise the main sector of the Russian economy that continues to play a key role in shaping the state budget revenues and the balance of trade. In 2013, against the background of continuing high global prices for oil and gas, petroleum production in Russia reached its highest level...

Amid low crude oil prices resulting from the excessive supply over demand, oil production at high-cost deposits began falling, drastically decreased investments in the development of non-traditional deposits including shale oil in US. However, falling oil production at the high-cost deposits is...

The oil and gas sector is playing an important role in the income generation for the state budget and Russia's trade balance. In 2017, the volumes of crude oil production somewhat fell owing to Russia's commitments to curb production as a result of the oil output cut agreement between some OPEC...

Price growth of gasoline on Russian domestic market in the wake of declining world crude oil prices is due to the ruble's devaluation and excise rate growth. In Russia, the share of indirect gasoline taxes has gone up from 30–40% to 35–45% over last two years. Regarding the share of taxes in...

The oil and gas sector is among the basic ones of the Russian economy and is playing an important role in the income generation for the state budget and Russia's trade balance. Implementation of the OPEC+ agreement regarding the production restriction has resulted in the world crude oil prices...

В работе рассматривается мировой опыт налогообложения добывающей промышленности, включая как основные принципы, так и практику налогообложения с выделением...

In 2012 and the 1st quarter of 2013, the situation on the global oil market was characterized by prevalence of high global prices on oil. In March, the deal on purchasing of TNK-BP Company by Rosneft, a state-owned oil company was completed. As a result, Rosneft has become one of the largest oil...

Russian crude oil gained 33.5% in value from the previous year, selling at an average of $70.9 per barrel in the period between January and November 2018. The increase stemmed from, among other things, a cooperative agreement to limit oil production, known as OPEC+. Global oil prices dropped...

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...