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State Regulation in the Oil and Gas Sector in 2011 and Prospects for 2012 (Russian Version) Product Image

State Regulation in the Oil and Gas Sector in 2011 and Prospects for 2012 (Russian Version)

  • ID: 2018184
  • January 2012
  • Region: Russia
  • 73 Pages
  • National Energy Security Fund

The year 2011 turned out to be rather contradictory for the oil and gas industry. On one side, preliminary results of basic parameters seem quite satisfactory. On the other side, the depletion of oil production growth potential is becoming more obvious.

Prime Minister Vladimir Putin several times mentioned that the oil industry reached its peak. This was described as an ordinary event, although in reality it reflects recognition of strategic mistakes once made.

In 2011 the trend of gradual shift in investment activities of Russian companies towards upstream-projects abroad became vivid. The problem of offsetting declining production in Western Siberia is becoming more apparent.

Eastern Siberian and shelf projects may fail to comply with forecasted parameters. The state is carried away by creation of the export infrastructure as if ignoring problems accumulating in the production segment.

Meanwhile, the government’s general mood of dealing with the state budget’s dependence on exports of hydrocarbons remains, while the demand for financial resources for state authorities is rising amid a sharply deteriorated political situation. These resources READ MORE >

Chapter 1. Preliminary Production Results
Chapter 2. Domestic Fuel Market
2.1. ÂReasons for Petrol Deficit and Growth in Prices of Oil Products
2.2. Domestic Gas Market: Struggle for Equal Profitability
Chapter 3. Taxation Regulation of the Sector
Chapter 4. Struggle for Production
Chapter 5. Changes in Export Policies
Chapter 6. Prospects of Developments

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