 Analysis of the impact of institutional environment on the policy of oil companies in the sphere of subsoil useТоkarev А.N. () World of economics and management / Vestnik NSU. Series: Social and Economics Sciences, 2016, vol. 16, issue 2, 132-144 Abstract: Oil and gas sector is key sector for the Russian economy. General socio-economic benefts from the development of oil and gas resources are largely dependent on the policies implemented by oil companies. Therefore, the most important task of the state is to create conditions that would ensure socially-oriented behavior of the oil companies. The main purpose of research is to develop recommendations for the establishment of these conditions with regard to oil production.The paper analyzes the current situation with the development of oil resources in Russia, the behavior of the oil companies in the sphere of subsoil use. The methodical approach to analyzing the behavior of companies with respect to the issues of development of oil felds in various conditions (rigidity of the state policy in the sphere of subsoil use) is provided. It has been shown that it is necessary a balanced combination of restrictive measures and mechanisms for fnancial and economic incentives. The fndings may be used in the formation of the institutional environment in the sphere of subsoil use. Keywords: institutional environment; oil company; oil feld; use of mineral resources; project (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nos:wjflnh:2016_2_12e Access Statistics for this article More articles in World of economics and management / Vestnik NSU. Series: Social and Economics Sciences from Socionet |
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