Oil and Gas Sector in Russia in 2015

Yuri Bobylev

Published Papers from Gaidar Institute for Economic Policy

Abstract: Oil and gas industry remains the basic sector of Russian economy playing the key role in shaping the state budget revenues and the country’s trade balance. In 2015, the oil sector’s development was marked by positive dynamics. Due to investments made in the previous years, the crude oil production in Russia has reached peak levels since 1990 and crude oil export hit all time maximum. Restructuring of the oil sector taxation system has been launched. The reform envisages significant reduction of the economic role of export duties. Low global crude oil prices together with financial and technological sanctions imposed on Russia have hampered the development of this sector.

Keywords: Russian economy; oil and gas sector; oil production; oil prices (search for similar items in EconPapers)
JEL-codes: L71 L72 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2016, Revised 2016
New Economics Papers: this item is included in nep-cis, nep-ene and nep-tra
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-267.pdf Revised version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2016-267

Access Statistics for this paper

More papers in Published Papers from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Aleksei Astakhov ().