Formation of competition environment in the Russian oil sector: regional aspects

Vladislav Silkin ()

Journal "Region: Economics and Sociology", 2002, vol. 1, 52-65

Abstract: The paper examines the present problems in the formation of competition environment in the oil sector of Russia. The entrenchment of vertically integrated oil companies increases their monopoly at the regional level and deteriorates the positions of small non-integrated companies. Objectively, it goes counter regional interests as the sphere of development of available resources is narrowed. By using mechanisms of taxation and licensing, regional governments should devise steps toward stimulation of small business, especially in development of not very profitable deposits with hard extracting conditions.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2002-1_4

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