The Oil and Gas Sector
AbstractSince the beginning of 2012, the situation in the oil and gas sector has been characterized by the persistence of high global oil and natural gas prices. According to preliminary estimates, the average price of Brent crude oil in January-September 2012 amounted to $ 112.4 per barrel, which translated into high profits of Russian oil and gas companies and considerable revenues of the state budget. Oil production and petroleum products exports have significantly increased. Russia’s authorities are planning to introduce additional tax measures designed to stimulate the development of new oil fields. At the same time, the tax burden on the gas sector is expected to be increased in order to enhance the capture of natural gas rent and to augment the revenues of the state budget.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Gaidar Institute for Economic Policy in its journal Russian Economic Developments.
Volume (Year): (2012)
Issue (Month): 10 (September)
Oil Sector; Gas Sector;
Other versions of this item:
- L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
- O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Hugues).
If references are entirely missing, you can add them using this form.