Russian oil and gas sector in 2016

Published Papers from Gaidar Institute for Economic Policy

Abstract: The oil and gas sector is among principal sectors of the Russian economy and is the driving force in shaping the state budget revenues and the trade balance. In 2016, Russia’s crude oil production hit an all-time peak since 1990, and crude oil exports were close to an all-time high. Under the so-called tax maneuver in force in the oil industry, refining depth went up noticeably, production and export of fuel oil moved down and export of crude oil, a highly lucrative source of the budget revenues, increased.

Keywords: Russian economy; oil and gas sector; oil production; oil prices; oil and gas export (search for similar items in EconPapers)
JEL-codes: L71 L72 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2017, Revised 2017
New Economics Papers: this item is included in nep-cis, nep-ene, nep-ind, nep-int and nep-tra
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2017-274.pdf Revised version, 2017 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:gai:ppaper:ppaper-2017-274

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