IDEAS home Printed from https://ideas.repec.org/a/gai/recdev/113.html
   My bibliography  Save this article

The Oil and Gas Sector in Q1 2013

Author

Listed:
  • Yuriy Bobylev

    (Gaidar Institute for Economic Policy)

Abstract

In 2012 and the 1st quarter of 2013, the situation on the global oil market was characterized by prevalence of high global prices on oil. In March, the deal on purchasing of TNK-BP Company by Rosneft, a state-owned oil company was completed. As a result, Rosneft has become one of the largest oil companies in the world, while the share of state-owned companies in the Russian oil sector has considerably increased. A negative impact on the Russian gas sector has been made by a change in the situation on the European gas market, namely, growth in gas supply from other gas-producing countries and a lower level of “spot” prices on gas as compared to the Gasprom’s long-term contract prices. That situation resulted both in a decrease in the Russian gas export and the need to reduce gas selling prices on the international market..

Suggested Citation

  • Yuriy Bobylev, 2013. "The Oil and Gas Sector in Q1 2013," Russian Economic Developments, Gaidar Institute for Economic Policy, issue 4, pages 50-52, April.
  • Handle: RePEc:gai:recdev:113
    as

    Download full text from publisher

    File URL: http://www.iep.ru/files/RePEc/gai/recdev/113Bobylev.pdf
    Download Restriction: no

    More about this item

    Keywords

    Oil Sector; Gas Sector;

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • O13 - Economic Development, Innovation, 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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gai:recdev:113. See general 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). General contact details of provider: http://edirc.repec.org/data/gaidaru.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.