IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v16y2004i3p285-296.html
   My bibliography  Save this article

Russian oil: the role of the sector in Russia's economy

Author

Listed:
  • Jacek Cukrowski

Abstract

Russia's oil sector is critical to the country's overall economic development at present and may affect the whole Russian economy in the next several years. Nevertheless, like all other energy sectors in the Russian Federation, it faces a number of problems, including low domestic prices, a poor regulatory framework, little competition, underinvestment and environmental failure. There is little know-ledge of the real needs and problems of the sector, including high production costs, weak transport infrastructure, low investment and obsolete technical equipment, but instead there is permanent political pressure to increase the tax burden. In this context the analysis presented in the article contributes to ongoing discussions and presents a number of numerical estimations relating to the current situation of the oil sector in Russia, including overall sector revenue, cost estimates, total tax burden, present level of investment etc., and simulations of the situation in the sector under different future oil price scenarios.

Suggested Citation

  • Jacek Cukrowski, 2004. "Russian oil: the role of the sector in Russia's economy," Post-Communist Economies, Taylor & Francis Journals, vol. 16(3), pages 285-296.
  • Handle: RePEc:taf:pocoec:v:16:y:2004:i:3:p:285-296
    DOI: 10.1080/1463137042000257528
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/1463137042000257528
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Pissarides, Francesca & Singer, Miroslav & Svejnar, Jan, 2003. "Objectives and constraints of entrepreneurs: evidence from small and medium size enterprises in Russia and Bulgaria," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 503-531, September.
    2. Bergsman, Joel & Broadman, Harry G. & Drebentsov, Vladimir, 2000. "Improving Russia's policy on foreign direct investment," Policy Research Working Paper Series 2329, The World Bank.
    3. Jouko Rautava, 2002. "The role of oil prices and the real exchange rate in Russia‘s economy," Macroeconomics 0209004, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Tuzova, Yelena & Qayum, Faryal, 2016. "Global oil glut and sanctions: The impact on Putin’s Russia," Energy Policy, Elsevier, vol. 90(C), pages 140-151.

    More about this item

    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:taf:pocoec:v:16:y:2004:i:3:p:285-296. 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: (Chris Longhurst). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.