Russia’s Oil and Gas Sector in 2011
AbstractOil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country’s balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2011 were the situation on the world oil market; the situation on the European gas market; and the objective deterioration of the conditions for the extraction of oil and natural gas, which is associated with a declining production at the ‘old’ deposits and the considerably higher costs of the development of new ones, especially in unpopulated areas with no infrastructure.
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Bibliographic InfoPaper provided by Gaidar Institute for Economic Policy in its series Published Papers with number 43.
Length: 7518 words
Date of creation: 2012
Date of revision: 2012
Publication status: Published in Russian Economy in 2011, Trends and Outlooks, issue 33
Russian oil and gas sector; Russian economy;
Other versions of this item:
- L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
- L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources
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