Journal of Siberian Federal University. Humanities & Social Sciences / Evolution of Oil Resource Management in Russia

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Issue
Journal of Siberian Federal University. Humanities & Social Sciences. 2010 3 (6)
Authors
Kryukov, Valery A.; Tokarev, Anatoly N.
Contact information
Kryukov, Valery A. : Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences , 17 Lavrentyeva, Novosibirsk, 630090 Russia; Tokarev, Anatoly N. : Institute of Economics and Industrial Engineering, Siberian Branch, Russian Academy of Sciences , 17 Lavrentyeva, Novosibirsk, 630090 Russia , e-mail: valkryukov@mail.ru
Keywords
oil; resource management; taxation; special funds
Abstract

The oil and gas sector has traditionally played a highly important role not only in the Russian mineral complex, but also in the domestic economy. Currently, the hydrocarbon sector accounts for 60 % of Russian export revenues and contributes over 45 % to the federal budget. As a result, this sector has been a driving force behind the economic development of the entire country and especially the oil and gas producing regions. The evolution of the Russian resource management system reveals a complex picture in terms of already adopted decisions and future strategies in relation to resource development and revenue utilisation. During the 1992-2009 period, Russia failed to create an effective model of hydrocarbon resource management - both in terms of exploration and development of oil and gas resources, and in terms of adequate use of oil and gas revenues for the diversification of the national economy

Pages
864-890
Paper at repository of SibFU
https://elib.sfu-kras.ru/handle/2311/2074

Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).

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