The main principles of state regulation of the oil and gas industry in the countries - leading world oil manufacturers and exporters are considered in the article. The system of state regulation in the oil sector of the Russian economy is studied. Special attention is given to the problems of taxation and usage of the bowels of the Earth. It is shown that the present system of state regulation meets neither interests of the state, nor interests of society and business. Some measures helping to increase the efficiency of state regulation in Russia's oil industry are offered.
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Article provided by N.P. Redaktsiya zhurnala "Voprosy Economiki" in its journal VOPROSY ECONOMIKI.