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Russia’s Oil and Gas Sector in 2009

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Author Info

  • Yuri Bobylev

    (Gaidar Institute for Economic Policy)

Abstract

Oil and gas sector remains the backbone of the Russian economy and produces the lion’s share of the state budget revenues and of the trade balance. Acute oil price fluctuations which took place on the free market, reduction in demand for gas, as well as objective fall in the oil and gas extraction in Russia, cuts in their production on the old existing oil deposits and significantly larger costs required for the development of the new deposits especially in the undeveloped regions which lack any type of infrastructure had main impact on its development in 2009.

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File URL: http://www.iep.ru/files/RePEc/gai/ppaper/106Bobylev.pdf
File Function: Revised version, 2012
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Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 106.

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Length: 21 pages
Date of creation: 2010
Date of revision: 2012
Publication status: Published in Russian Economy in 2009, Trends and outlooks issue 31, volume 1
Handle: RePEc:gai:ppaper:106

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Related research

Keywords: Russian economy; Russia's oil and gas sector; oil production; oil export; oil prices;

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