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The Oil And Gas Sector’S Development

Author

Listed:
  • Yuriy Bobylev

    (Gaidar Institute for Economic Policy)

Abstract

In 2014, Russia’s crude oil output hit its record high since 1990. At the same time, the growth rates of oil produc- tion and oil exports are displaying an obvious slowdown. Besides, some additional negative factors have emerged that impose still more constraints of the oil sector’s further development: the plummeting world prices for oil and the fi nancial and technological sanctions introduced against Russia. Since 2015, the oil sector’s taxation system has been undergoing structural transformations designed to signifi cantly play down the economic role of export duties.

Suggested Citation

  • Yuriy Bobylev, 2015. "The Oil And Gas Sector’S Development," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 32-36, April.
    • Handle: RePEc:gai:recdev:489
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    More about this item

    Keywords

    OIL & GAS SECTOR;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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