Search by keyword: oil-and-gas sector

Tax Regional Tax Differentiation in the Russian Oil Industry

In line with natural resources regulations and an investment regime, taxes are one of the most important instruments of public regulation of an oil-and-gas sector. The reforms of the 2000s resulted mostly in building conditions for development of oil-and-gas fields in the start-up regions, post mining areas, and small deposits. The paper proves that there is a need in a comprehensive tax reform allowing application of the economic approaches to differentiation

Tokarev A. N. tokarev@ieie.nsc.ru

Keywords: oil-and-gas region differentiation in taxation oil-and-gas sector production tax

The Oil-and-Gas Sector and Development of the Russian Economy

The paper analyzes the theoretical issues of an institutional rent by presenting a case study for the Russian oil-and-gas sector and how this sector influences the economy under different conditions of the world market. The calculations are made by applying the dynamic optimization models for money flows in the national economy. We assess how hydrocarbon prices of the world market influence the GDP dynamics, consolidated budget, and direct investments, and what minimal level of the oil prices should be to ensure a minimal effective level of the economic development. Our calculations show that there are resources to diversify the federal fiscal revenue but very few effective projects to realize this.

Kriukov V. A. kryukov@ieie.nsc.ru

Marshak V. D. v.d.marshak@mail.ru

Keywords: oil-and-gas sector oil-and-gas sector rent area of Baikal-Amur Main Line (BAM) money flows models commercial and public efficiency