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Reducing the Damper Will Reduce Super Profits of Russian Refineries, but Will Not Make Them Unprofitable
[Сокращение Демпфера Снизит Сверхприбыли Российских Нпз, Но Не Сделает Их Убыточными]

Author

Listed:
  • Andrey S. Kaukin

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

  • Eugenia M. Miller

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The RF Ministry of Finance is considering halving the payments to oil refining companies under the damping mechanism from September 2023 for a period of one year. The publication assesses the effects of the adjustment on the economics of the refining industry, in particular, the possibility to provide the domestic market with break-even production of petroleum products.

Suggested Citation

  • Andrey S. Kaukin & Eugenia M. Miller, 2023. "Reducing the Damper Will Reduce Super Profits of Russian Refineries, but Will Not Make Them Unprofitable [Сокращение Демпфера Снизит Сверхприбыли Российских Нпз, Но Не Сделает Их Убыточными]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 29-33, July.
    • Handle: RePEc:gai:recdev:r2356
    as

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    File URL: http://www.iep.ru/files/RePEc/gai/recdev/r2356.pdf
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    References listed on IDEAS

    as
    1. A. S. Kaukin & E. М. Miller, 2020. "Tax maneuver in the oil industry: Provisional results and risks for further implementation," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 10.
    Full references (including those not matched with items on IDEAS)

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    1. Andrey S. Kaukin & Eugenia M. Miller, 2023. "Сокращение Демпфера Снизит Сверхприбыли Российских Нпз, Но Не Сделает Их Убыточными," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 7, pages 29-33, July.

    More about this item

    Keywords

    oil refining sector; petroleum products; damper mechanism;
    All these keywords.

    JEL classification:

    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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