The Russian oil industry re-structuration: towards the emergence of western type enterprises?

Energy Technology Data Exchange (ETDEWEB)

Locatelli, C

1999-01-01

The Russian oil industry has undergone fundamental changes since the collapse of the Soviet Empire and its bureaucratic administrative structure, dominated by its various Branch Ministries. The monopoly in the Soviet oil industry has now been replaced by a number of ''oil companies'', some of which are very powerful, the best known of them being Lukoil. These ''joint stock companies'' are the product of a reform aimed essentially at implanting, out of all the numerous organisational arrangements developed in the West, the model of the vertically integrated private firm. Beyond the legal reforms in the Russian oil industry sector, however, the nature of the organisational model that has actually emerged in Russia begs several questions. Many entities, which are complex and highly diversified, are involved in this industry. There are, of course, the many private structures in which the banks sometimes carry a considerable amount of weight. There are also some vertically integrated organisations, but the degree of integration is variable and their method of centralization is based on a specific form of economic logic. It should not be considered, however, that these actors are similar to capitalist-type private enterprises, whose behaviour is regulated by the demands of international competition. Reform of property rights has not been sufficient to create true private enterprise in Russia. (author)

The Russian oil industry re-structuration: towards the emergence of western type enterprises?

International Nuclear Information System (INIS)

Locatelli, C.

1999-01-01

The Russian oil industry has undergone fundamental changes since the collapse of the Soviet Empire and its bureaucratic administrative structure, dominated by its various Branch Ministries. The monopoly in the Soviet oil industry has now been replaced by a number of ''oil companies'', some of which are very powerful, the best known of them being Lukoil. These ''joint stock companies'' are the product of a reform aimed essentially at implanting, out of all the numerous organisational arrangements developed in the West, the model of the vertically integrated private firm. Beyond the legal reforms in the Russian oil industry sector, however, the nature of the organisational model that has actually emerged in Russia begs several questions. Many entities, which are complex and highly diversified, are involved in this industry. There are, of course, the many private structures in which the banks sometimes carry a considerable amount of weight. There are also some vertically integrated organisations, but the degree of integration is variable and their method of centralization is based on a specific form of economic logic. It should not be considered, however, that these actors are similar to capitalist-type private enterprises, whose behaviour is regulated by the demands of international competition. Reform of property rights has not been sufficient to create true private enterprise in Russia. (author)

Industrial and institutional restructuring of the Russian electricity sector: Status and issues

International Nuclear Information System (INIS)

Engoian, Alda

2006-01-01

The reform of the Russian electricity industry represents one of the largest and most technically complex post-Soviet era industrial restructurings. This paper presents the framework, status, and perspectives for the Russian electricity sector liberalisation. Uncertainties regarding the effective implementation of the reform are specifically examined. Ultimately the critical analysis of the reform questions the feasibility and adequacy of the recommended measures in the specific Russian context. Current theories fail to answer a fundamental issue, namely how to promote investment in an obsolete electrical infrastructure and, more generally, whether a pure free market model is compatible with physical constraints posed by the electricity sector. A careless deregulation of the Russian electricity system could hinder the country's stable and sustainable development, as its economy and the population's service have traditionally been closely linked to the electricity industry

Industrial and institutional restructuring of the Russian electricity sector: status and issues

International Nuclear Information System (INIS)

Engoian, A.

2006-01-01

The reform of the Russian electricity industry represents one of the largest and most technically complex post-Soviet era industrial restructurings. This paper presents the framework, status, and perspectives for the Russian electricity sector liberalisation. Uncertainties regarding the effective implementation of the reform are specifically examined. Ultimately the critical analysis of the reform questions the feasibility and adequacy of the recommended measures in the specific Russian context. Current theories fail to answer a fundamental issue, namely how to promote investment in an obsolete electrical infrastructure and, more generally, whether a pure free market model is compatible with physical constraints posed by the electricity sector. A careless deregulation of the Russian electricity system could hinder the country's stable and sustainable development, as its economy and the population's service have traditionally been closely linked to the electricity industry. (author)

Factors affecting world and Russian domestic oil prices: the domestic implications - a Russian perspective

International Nuclear Information System (INIS)

Khartukov, E.M.

2001-01-01

This paper modestly aims at answering two formally related but unnecessarily interconnected questions about international and Russian domestic pricing of crude oil. The first of them is what, in our opinion, chiefly determines price dynamics of the contemporary world oil market. And the second one is in which way (if at all) world oil price dynamics affect Russia's internal market. (author)

Oil and natural gas in Russia's eastern energy strategy: Dream or reality?

International Nuclear Information System (INIS)

Mareš, Miroslav; Laryš, Martin

2012-01-01

The article analyses Russia's Eastern energy strategy in the sectors of oil and natural gas, presenting its main aspects and examining it from the security perspective against the backdrop of official Russian documents. The goals set by the strategy are compared with the steps presently taken and planned by the Russian administration, as well as with short- and medium-term Russian energy policies in the sectors of oil and natural gas. The authors conclude that implementation of the Energy Strategy to 2030 in the sectors of oil and natural gas will be highly complicated in the Eastern vector of Russian politics and achievable only if new deposits are found. - Highlights: ► We compare goals of the Russia's Eastern energy strategy in the sectors of oil and natural gas with real policy.► In the Eastern vector are included China, both Korean states and Japan. ► For Russia's energy strategy to 2030 the Eastern market in the sector of oil and natural gas is advantageous and desirable. ► The present conditions can bring economic as well as political risks.

Recent and future developments of the oil industry in Russian Federation and more particularly in the Republic of Baskortostan

International Nuclear Information System (INIS)

Garifullin, R.

2001-09-01

The objective of the thesis is to analyse the actual situation in the Russian oil industry and to envisage basic ways if its future development. The first chapter evaluates the place of the former USSR and Russia in the world and particularly European systems of energy supply. The three next chapters analyse the currents situation in the sectors of oil exploration and production, logistics and refining in Russia. The fifth chapter aims to figure out the perspectives of the refining industry taking into account the evolution of demand for basic petroleum products and the production capacities. Optimisation of refining and production volumes between the Russian refineries is done by minimising the transportation cost between the refineries and consuming regions by using linear programming. The last chapter analyses the regional impacts of the oil industry taking the Republic of Baskortostan as example. The contribution of the oil industry to regional development is evaluated in the framework of the export base theory using the Input-Output analysis as mathematical tool. (author)

The evolution of the Russian oil governance structure: A neo-institutionalist interpretation

International Nuclear Information System (INIS)

Rossiaud, Sylvain

2012-01-01

This PhD dissertation deals with the evolution of the institutional and organizational framework of the Russian oil industry during the period 1992-2012. Its main objective is to characterize and reinterpret the increasing involvement of the national oil companies (NOCs), Rosneft and Gazpromneft, in the upstream activities observed since the middle of the 2000's. Until then, their levels of production had remained very low after the privatization program implemented at the beginning of the transition process. For achieving this objective, we rely on the New Institutional Economics (NIE) theoretical framework. This allows us to lead a comparative analysis of the different oil governance structures, i.e. the alternative modes of organizing the upstream activities. More it enables us to understand the way these different modes interact with the institutional environment of the countries in which they are implemented. We argue that the increasing involvement of the Russian NOCs can be characterized as a change from a liberal oil governance structure to a hybrid oil governance structure. We show that this organizational evolution must be interpreted as the feasible reform that can be implemented by the federal authorities for dealing with the incoherence between the liberal governance structure defined at the beginning of the transition process and the Russian institutional environment. From the beginning of the 1990's until the middle of the 2000's, this institutional incoherence relates to the fact that the Russian institutional environment prevents the effectiveness of oil contracts (licenses, production sharing agreements, tax) governing the transaction between the Russian state and the private oil companies. From the point of view of the federal authorities, two problems appear crucial: their difficulties for capturing the oil rent and the exploration crisis. After the implementation of the hybrid oil governance structure, Rosneft plays a role of complement to the

Russian crude-oil production and export still increasing

International Nuclear Information System (INIS)

Purho, P.

2001-01-01

Russian crude-oil production is still increasing. In 2000 the annual production 6.48 mb/d was about 6% higher than a year before. In 2001 the production is expected to rise near the level 7 mb/d, so the increase in production volume is fast. However, the production is still far away from the maximum level of the former Soviet Union, 12 mb/d. At the moment Russia is the second largest oil producer right after Saudi Arabia. The increase in production is based on intensified use of old oil fields caused by improved technology. The oil export of Russia far abroad in 2000 was 2.5 mb/d and near abroad into FSU countries only about 180 000 b/d. The recent export of crude-oil has been near the maximum export capacity corresponding to 2.7 mb/d. About 61 million tons of oil products were exported in 2000, and even the export of oil products is increasing. Most of this was gas oil and heavy fuel oil, but also the export of gasoline was significant. The export of oil and oil products is mainly based on shipments, but also the share of train transport is high. Nearly all the crude oil is transported west either by ships or via pipelines. The share of railway transport is only few percents. Russia will continue its own oil pumping policy despite of the appeals of OPEC for reduction of oil production. Opinion in Russia is that if the increase of production and export serves the interests of Russia, it will also be carried out. The target value for crude oil for 2002 is 22 USD per barrel. The Russian crude oil production is estimated to grow up to 7.4 - 8.4 mb/d by the year 2010

Re-regulation of the Russian electricity sector; Neuregulierung der russischen Elektrizitaetswirtschaft

Energy Technology Data Exchange (ETDEWEB)

Telke, Juergen [Kiel Univ. (Germany). Inst. fuer Osteuropaeisches Recht

2011-04-15

The Russian electricity sector is going through a phase of radical change. Time-honoured structures are being modernised through privatisation, unbundling and liberalisation, creating a number of interesting investment opportunities. However, prospective investors should take the specifics of the Russian market into account in order to gain a fuller picture of investment opportunities and risks in the areas of production, transmission, wholesale and retail trade.

Telecommunication Sector of the Russian Economy: Transformation Into a Global Information and Telecommunication Infrastructure

Directory of Open Access Journals (Sweden)

Fokina Elena Anatolyevna

2014-12-01

Full Text Available The author concerns the current state and possible ways of telecommunication sector of the Russian economy development in the conditions of world economy globalization and suggests that the process of globalization reflects the current stage of telecommunication companies’ capital internationalization. The analysis of telecommunication sector shows that it is not only a perspective, highmargin and dynamically developing sector but is still one of the most integrated into the system of world economic relations. The stages of Russian telecommunication companies’ capital internationalization are determined, the internal connections between internationalization process and globalization are revealed. It is revealed that the new information and communication technologies development and expansion results in substantial increase in cooperation between economical entities and provides a sustainable long-term economical growth of telecommunication enterprises. The financial and operational data determining the effectiveness of telecommunication companies’ activity are presented. The analysis of tendencies promoting the extension of the market activity of Russian telecommunication companies at global information and telecommunication infrastructure shows that the main tendencies are the following ones: foreign capital inflow increase, capital integration and expansion of new services based on technologies convergence. The author reasonably concludes in recent times, the telecommunication sector of the Russian economy formation and development is determined by the existing global trends.

CORPORATE MODEL OF PUBLIC SECTOR OF THE RUSSIAN ECONOMY: TRENDS AND PATTERNS OF DEVELOPMENT

Directory of Open Access Journals (Sweden)

Olga S. Makarenko

2017-06-01

Full Text Available The article reveals the issues of development and functioning of corporate model of public sector of the Russian economy. Today Russia is fully influenced by consequences of entry into world economy. Privatization processes, on the one hand, and increase in intervention of the state in economy, on the other hand, changed composition and structure of the public sector of the Russian economy. Establishment of large state corporations and further increase in scales and directions of Russian government’s policy. These corporations acquired an extensive set of functions, large volumes of state property (federal budgetary funds, different production and financial assets, which ensured their activity in the long run. The state corporations carry out an important role in ensuring stable development of national economic systems for already several years, smoothing the so-called “failures” of the market, and create the necessary conditions for overcoming the crisis phenomena. The author presents the classification of economic sectors consisting of public, municipal and private sectors, studies the character and structure of public sector of the developed foreign countries. The carried-out comparative characteristic of main national models of public sector allowed to reveal the extent of state’s influence on the economy in the North American, Western European and Asian countries, as well as to define the main features of public sector in these countries. The concept and essence of the state corporation, as well as trends of their creation and development are also studied. The author proposes the corporate model of public sector of the Russian economy and defines its main characteristics. The analysis of the conducted research allowed to draw a conclusion on the need of further development of the state corporations and large national companies with the state participation.

A neoinstitutionalist interpretation of the changes in the Russian oil model

International Nuclear Information System (INIS)

Locatelli, Catherine; Rossiaud, Sylvain

2011-01-01

This paper deals with the current change of the institutional and organizational framework of the Russian oil industry. Regarding this evolution, the main characteristic is the increasing involvement of national oil companies in the upstream activities. The point is to explain this reorganization by relying on the New Institutional Economics framework. These theoretical works highlight that institutional environment and governance structures complement each other. We argue that the current reorganization in an attempt to increase the coherence of the institutional arrangement governing the transaction between the Russian state and the private oil companies. - Highlights: → In this study, we analyse the evolution of the Russian oil model since the reform of the 1990s. → The aim of the present paper is to study reasons and consequences of renewed state control of Russia's oil industry, and the likelihood and manner of stabilization of the institutional framework in which operators are working. → One of the central hypotheses in this paper therefore is that NOCs are a substitute for weak and contested ownership rights. They are used by the State to protect its ownership rights.

Transport interests and environmental regimes. The Baltic Sea transit of Russian oil exports

International Nuclear Information System (INIS)

Knudsen, Olav F.

2010-01-01

In the environmentally exposed Baltic Sea, a prolonged confrontation has set the transport interests of Russian crude oil against environmental interests, promoted by Russia's neighbours. During the 1990s all the Baltic littoral states - including Russia - collaborated well on marine environmental issues. When Russian oil exports accelerated after 1999, this environmental understanding broke down. Russian interests shifted as its oil income suddenly rose drastically. The confrontation peaked over a proposal to make the entire Baltic Sea into a particularly sensitive sea area (PSSA) under the International Maritime Organization (IMO). The proposal was adopted by the IMO in spite of Russian objections. The article shows how environmental interests trump transport interests in a manner that may not be sustainable. The case illustrates the need for environmental collaboration to be flexible in the face of shifting constellations of competing interests. (author)

Estimation on oil demand and oil saving potential of China's road transport sector

International Nuclear Information System (INIS)

Lin, Boqiang; Xie, Chunping

2013-01-01

China is currently in the stage of industrialization and urbanization, which is characterized by rigid energy demand and rapid growth of energy consumption. Therefore, energy conservation will become a major strategy for China in a transition to low-carbon economy. China's transport industry is of high energy consumption. In 2010, oil consumption in transport industry takes up 38.2% of the country's total oil demand, of which 23.6% is taken up by road transport sector. As a result, oil saving in China's road transport sector is vital to the whole nation. The co-integration method is developed to find a long-run relationship between oil consumption and affecting factors such as GDP, road condition, labor productivity and oil price, to estimate oil demand and to predict future oil saving potential in China's transport sector under different oil-saving scenarios. Monte Carlo simulation is further used for risk analysis. Results show that under BAU condition, oil demand of China's road transport sector will reach 278.5 million ton of oil equivalents (MTOE) in 2020. Oil saving potential will be 86 MTOE and 131 MTOE under moderate oil-saving scenario and advanced oil-saving scenario, respectively. This paper provides a reference to establishing oil saving policy for China's road transport sector. - Highlights: • We adopt the co-integration model to estimate oil demand and oil saving potential of China's road transport sector. • Monte Carlo simulation is further used for risk analysis. • GDP, ratio of classified highway, labor productivity and oil price are main factors affecting oil consumption. • Scenario analysis approach is applied to calculate oil saving potential under different energy saving scenarios. • Future policy for oil conservation in China's road transport sector is suggested

The Russian oil industry between public and private governance: obstacles to international oil companies' investment strategies

International Nuclear Information System (INIS)

Locatelli, Catherine

2006-01-01

The low level of involvement by international oil companies in Russia seems difficult to explain given what development of its resources and production has to offer. There are still many restrictions and contradictions, born of the particular institutional and political environment of the Russian oil industry at the end of 15 years of transition, that act as a bar to international integration. Three factors currently define the establishment of relations with foreign investors. First, because of the many different levels of negotiation with Russian companies, the State and the Regions, the decisions are based on complex relations between the various forces. Second, the reforms, and especially privatisation and the allocation of rights of ownership to deposits, are considered by sizeable sections of public opinion and many political classes to be illegitimate, thus making the issue of international investment and foreign presence still more complicated. Finally, the State's wish to take back the oil industry in order to use it to fulfil its economic and foreign policies is creating further uncertainty. These three elements seriously restrict the entry of international oil companies to the Russian market

Today or not today: Deregulating the Russian gas sector

International Nuclear Information System (INIS)

Grigoryev, Yuli

2007-01-01

Although Russia is the world's biggest producer of natural gas, its ability to maintain timely and reliable supply to meet the growing global demand has come under question in recent months. The gas war with Ukraine notwithstanding, concern has been raised by a number of observers that underinvestment in the gas sector will lead to a systemic failure of the state monopolist OAO Gazprom to increase or even maintain current levels of production. Yet with a quarter of European gas coming from Russia, and with increasing presence of Gazprom in European downstream operations (such as Germany, Hungary, and other CIS states) as well as seemingly closer ties with Algeria, another major supplier of gas to Europe, there has been a strong reaction from Europe's policy-makers to decrease dependence on Russian gas. Deregulating and liberalising the gas sector would see the lifting of restrictions to foreign or independent investors wishing to gain access to Russian reserves, as well as the unhindered access to the pipeline infrastructure and export markets. It would also signal the unbundling of Gazprom and an end to the artificially low price of gas to the domestic consumer. This paper discusses whether deregulation is the optimal way to raise capital, attract investment and increase supply security for Russia's Western neighbours. In doing so, the paper identifies the objectives of the EU as the importer whilst trying to align them with the objectives of the Russian Federation as the exporter, in the current political context

Gazprom vs. other Russian gas producers: The evolution of the Russian gas sector

International Nuclear Information System (INIS)

Lunden, Lars Petter; Fjaertoft, Daniel; Overland, Indra; Prachakova, Alesia

2013-01-01

The non-Gazprom gas producers (NGPs) doubled their share of the Russian domestic gas market between 2000 and 2010 and have continued growing since then. For several years especially Novatek expanded. More recently, Rosneft has emerged as a key player, not least through its purchase of TNK-BP. This article begins with an overview of the companies in the Russian gas sector, their resource bases and capacities, and subsequently examines whether differences in field development costs and export market access may make it rational for Gazprom to continue ceding market share to the NGPs. With rising costs of Gazprom's queue of greenfield developments, any delays in Gazprom's investment program may be compensated through increased NGP production. The article argues that the NGPs are ready to fill the gap, may be allowed to do so and are already increasing their market share in an increasingly competitive market. The stage may now be set for a continued gradual transformation of the Russian gas market, in which the interests of Gazprom and the NGPs may be complementary or may be pitted against each other, but those of the Russian Federation are in any case likely to be better fulfilled than in the past. - Highlights: • Other Russian gas producers, especially Novatek and Rosneft, are taking market shares from Gazprom. • Gazprom has a monopoly on exports and has had a de facto monopoly on the domestic pipeline grid through its control over trunk pipelines. • Gazprom's greenfield projects are more expensive than those of other producers. • Gazprom's loss of market shares to other producers in the domestic market may actually be in Gazprom's interest

ABOUT THE SECTORAL AND TECHNOLOGICAL STRUCTURAL CHANGES NECESSARY FOR THE MODERNIZATION OF THE RUSSIAN ECONOMY

Directory of Open Access Journals (Sweden)

S. A. Akaeva

2016-01-01

Full Text Available This paper examines the effect of industry technological and structural changes on economic growth. It uses quantitative methods of structural changes evaluation by way of the Vatnik's proportionality constant as a means to analyze the dynamics of quality of sectoral and technological structures of the economies of Russia and several OECD countries. The comparative analysis shows that both the sectoral and technological structure of Russian economy is far from the optimal balanced structure of the OECD most developed countries' economies. It follows that Russian economy needs fundamental structural reform.Hence, the paper discusses the need for active industrial policy that can give impetus to the technological modernization of the Russian economy and facilitate its transition to the path of sustainable dynamic growth. The metallurgical, chemical and pharmaceutical industries are identified as priority sectors in industrial manufacturing. The paper analyzes condition and prospects of these industries and formulates medium-term goals of development and modernization, which can become reference points in the formation of a new sector-based industrial policy.

AN EMPIRICAL ANALYSIS OF RUSSIAN BANKING AND NON-FINANCIAL SECTORS' VULNERABILITY TO POSSIBLE EXTERNAL FINANCIAL SHOCK

Directory of Open Access Journals (Sweden)

Егор Николаевич Поляков

2013-08-01

Full Text Available The article explains to what extent currency mismatch in banking and non-financial sectors determine vulnerability of Russian economy with respect to possible external shock. The authors explain how Central Bank of Russia exchange rate policy depends on currency mismatches and to what extent currency mismatches determined the slowdown of Russian economy during the financial crisis. The article shows the dynamics of currency mismatch from 2004 to 2012 year. The authors offer the model of the relationship between capital flight and external debt of private sector. The authors present the results of stress test of Russian economy. The stress test implies external shock similar to external shock of the end of 2008. According to stress test as of end of 2012 both banking and private sectors are less vulnerable to possible external shock. Meanwhile authors made a conclusion that vulnerability of a private sector remains unacceptably high. The authors recommend 2 ways how to decelerate the currency mismatch of a private sector. DOI: http://dx.doi.org/10.12731/2218-7405-2013-6-8

Economics of Russian oil production

International Nuclear Information System (INIS)

Gubenko, I.

1993-01-01

The main technical indicators of oil production in Russia are presented from the year 1988, when the current decline in oil production started. In 1992, only 9 new oil deposits were put into production, and average well productivity dropped to 12.4 tonnes/d. The number of idle wells reached 31,934 as compared to 8,714 in 1988. The share of low productivity deposits in 1993 was 49.7%. In the first five months of 1993, the number of new wells put into operation failed to offset the shutdown of old wells. Although the number of workovers grew by 32%, this work was insufficient to stabilize oil production. The decline in production is due to the general state of economic stability and endless reorganizations in the economy, and to the lack of sufficient investment in the industry. Oil-producing enterprises have lacked funds due to systematic and growing indebtedness of buyers of crude. This overdue indebtedness reached 393 billion rubles by the beginning of 1993. Although domestic oil prices increased sharply in 1991-92, the volume of production in real terms has dropped by nearly a third. Oil is sold at different prices to different categories of buyers. Prices include expenses, profit from which a 32% profits tax is paid, excise taxes, and payments to a centralized price-regulation fund. From the industry point of view, certain reforms are necessary to reconstruct and develop the industry. These include ensuring payments to oil producers, gradual transfer of Russian prices to world levels, lowering taxes, and adoption and refinement of a law on oil. 1 fig., 7 tabs

Challenges of attracting private capital investments in the Russian power sector

Energy Technology Data Exchange (ETDEWEB)

Kiss, Peter; Sagodi, Attila

2010-09-15

The level of investment required by the Russian power sector by 2020 are expected to be in the range of USD 500-550 billion. It is of vital importance that Russia outlines an appropriate regulatory regime for its energy market that attracts foreign investors and combats corruption. The most important challenges determining the long term development of the country's power sector are skills development, regulatory effectiveness, corporate governance, and assurance regarding private investments.

Dutch business opportunities in the Russian agrifood sector; Animal protein sector and Moscow Metropolitan fresh food chain

NARCIS (Netherlands)

Wijnands, J.H.M.; Valeeva, N.I.; Berkum, van S.

2012-01-01

This report studies the Russian animal protein sector and the Moscow Metropolitan Food Security. It aims at identifying the opportunities for Dutch business to do businesses through exports or via local investments. Public available government policies, papers and interviews with stakeholders are

Japan’s need for Russian oil and gas: A shift in energy flows to the Far East

International Nuclear Information System (INIS)

Motomura, Masumi

2014-01-01

This article examines the choices of Japan’s governmental institutions vis-à-vis Russian supplies of oil and gas. First, there is a perceived need to diversify the sources of crude oil in order to avoid too much reliance on the Middle East. Following the inauguration of the Sakhalin oil projects and completion of the ESPO pipeline, Russian crude oil is nearing a 10% share in the Japanese market. It is suggested that Russian crude oil supplies have been chosen due to their proximity, safety and flexibility, and their positive effect on Japan’s bargaining power in relation to crude suppliers in the Middle East. Second, Japan’s shift from nuclear to LNG in power generation after the Fukushima accident in March 2011 increased LNG imports by 25% in just two years. While Qatar expanded its market share the most, Russia also gained, even though it only had one operational LNG project in Sakhalin-2. Russian companies are now working on several LNG projects in Northeast Asia and the Arctic region. However, the resumption of nuclear power in Japan might have a negative impact on new Russian LNG projects. - Highlights: • Russia’s oil export will gain a 10% share in Japan. • Russian companies are accelerating several LNG projects in NE Asia. • Japan’s exploration activity in East Siberia has reached the investment stage

Russian energy prices, taxes and costs 1993

International Nuclear Information System (INIS)

1994-01-01

The Russian energy industry may be the country's most promising exporter, but it is struggling to free itself from the heavy regulation and economic distortions inherited from the Soviet era. This analysis examines Russian price and tax policies as well as production costs in 1993, and their effect on supply and demand in the oil, coal, gas and electricity sectors. The study underscores the broad consensus among both Western and Russian experts that primary energy prices should be lifted to world levels. It offers a framework for addressing the great question about how fast this should be done in a country undergoing a tremendous social and political transformation

Energy strategy and mitigation potential in energy sector of the Russian federation

Energy Technology Data Exchange (ETDEWEB)

Yakovlev, A.F.; Petrov, V.N.; Chupyatov, V.P.

1996-12-31

This paper describes the mitigation potential in the Russian energy sector and presents CO{sub 2} - emission scenarios. Based on the Russian energy strategy, energy conservation potential has been estimated and three groups of energy conservation measures have been pointed out. Taking into account the economic development scenarios and the scenarios of energy consumption and energy conservation, future CO{sub 2} emission scenarios for 2000 and 2010 have been prepared. Some important characteristics of these scenarios have been presented and discussed. For the period 2000-2010 annual growth rates for CO{sub 2} emission in the Russian energy sector will not exceed 0.9-1.3 %, and emission levels in 2000 make up - 75-78 %, and in 2010 - 81-88 % of the 1990 level. For the probable scenario the CO{sub 2} emission reducing will make up about 6% and 25% (for the optimistic scenario about 16% and 31%) of CO{sub 2} emission for reference scenario in 2000 and 2010 respectively. Additional CO{sub 2} emission reducing (3-5% of domestic CO{sub 2} emission) will result from increasing share of natural gas consumption.

The impact of oil price on Malaysian sector indices

Science.gov (United States)

Ismail, Mohd Tahir; Luan, Yeap Pei; Ee, Ong Joo

2015-12-01

In this paper, vector error correction model (VECM) has been utilized to model the dynamic relationships between world crude oil price and the sector indices of Malaysia. The sector indices have been collected are covering the period Jan 1998 to Dec 2013. Surprisingly, our investigations show that oil price changes do not Granger-cause any of the sectors in all of Malaysia. However, sector indices of Food Producer and Utilities are found to be the cause of the changes in world crude oil prices. Furthermore, from the results of variance decomposition, very high percentage of shocks is explained by world crude oil price itself over the 12 months and small impact from other sector indices.

The Russian Oil Fund as a Tool of Stabilization and Sterilization

OpenAIRE

Vasily Astrov

2007-01-01

The favorable world oil price dynamics has resulted in mounting reserves in the Russian Oil Stabilization Fund (OSF). This has raised the issue of an adequate economic policy response. Initially, the OSF was set up to reduce the vulnerability of the budget to the oil price volatility and to sterilize the impact of oil-related foreign exchange infl ows on the money supply. Our fi ndings suggest that the OSF has been instrumental in achieving both goals: it has contributed to macroeconomic stab...

Russian Innovative Potential in the Conditions of Economic Sanctions: Reserves of Grown

Directory of Open Access Journals (Sweden)

Rustem M. Nureev

2016-12-01

Full Text Available The paper analyzes the impact of economic sanctions in general for innovative development of Russia, as well as individual sectors of oil, gas, financial and banking sector. It is shown that the ban on exports to the Russian oil and gas technology has led to the freezing of existing and refusal to enter into new projects. Increased production and export of US oil and gas have led to an increase in excess of the global scope of these types of raw materials and led to long-term downward trend in world energy prices. In recent years there has been a sharp decline in the net inflow of foreign direct investment in Russia, which exacerbates the problem of domestic sources of domestic innovation policy. The effect of sanctions on the development of the Russian economy as a whole and its individual regions is condifered. The paper describes the approaches to the definition of the innovation potential of the Russian region, identified several levels of manifestation of the region's potential and its characteristics, provides a definition of the region's innovation potential, discussed the factors influencing the development of the region's innovative capacity. The current state of the regional innovation system of the Russian Federation is analysed. The paper describes the main tasks of the Russian Federation Innovative Development Strategy for the period up to 2020. The degree of implementation of the Strategy, problems and prospects of realization of the basic provisions of the Strategy, the impact of the implementation of the Strategy on the Russian economy, its position in the index business are analysed in the paper.

Petroleum Development in Russian Barents sea: Driving Forces and Constraints

International Nuclear Information System (INIS)

Moe, Arild; Joergensen, Anne-Kristin

2000-01-01

The potential of the Barents Sea for petroleum production has attracted interest for many years. In the Russian sector of this ocean, enormous gas finds and substantial oil resources have now been proven, and the first real licensing for field development in the area has just begun. Despite the area's potential, there are strong conflicts of interest. The report examines the forces alternatively driving and hindering offshore hydrocarbon development in the Russian sector of the Barents Sea. It describes exploration activities beginning during the Soviet period and extending to the present. The status of the major development projects financed in part with foreign capital, and conflicting regional and central government interests involved in such development, is described and evaluated. Coverage includes a discussion of the various regional interests in petroleum activities, with a particular focus on the conversion of naval yards in the area and the emergence of Rosshelf, an oil/gas conglomerate formed to facilitate such conversion. It also reviews the planned licensing rounds and the results of the first round. Finally, it discusses supplies from the Barents Sea in the context of overall Russian energy supply and energy development strategies. (author)

Determinants of the Russian Banking Sector Development as the Drivers of Economic Growth

Directory of Open Access Journals (Sweden)

Natal’ya Stepanovna Voronova

2016-09-01

Full Text Available The paper substantiates the relationship between the situation in the national banking sector and Russia’s economy. Using the data provided by the Bank of Russia [8; 9; 10], Federal State Statistics Service [2], IBM SPSS Statistics software product, the authors have carried out a regression-correlation analysis of the main indicators of the Russian banking sector in 2005–2015 and GDP. It has been found that there is the strongest positive correlation between GDP and aggregate banking risks and also the profit of credit institutions; the correlation between GDP and aggregate financial result of the banking sector is weaker; the return on equity has no significant relationship with major indicators of banking activities, except for a moderate negative relationship with the aggregate value of regulatory capital; the return on equity in the Russian banking sector is affected adversely by subordinated debt in the structure of capital. In a stable economic situation (2005–2007, 2010–2013 the authors point out a correlation between capital and the profit of the banking sector; in a crisis situation (2008–2009, 2014–2015, there is a correlation between capital and the profit of profitable credit institutions alone. A positive correlation has been revealed between the proportion of profit of the reserve fund in the structure of capital and risks undertaken. Taking into consideration the correlations identified, the authors make a forecast model for aggregate profits of Russia’s banking sector

Analysis of management quality and management decisions made using the example of russian oil and gas companies

Directory of Open Access Journals (Sweden)

Kostylev A.O.

2016-03-01

Full Text Available Results of empirical surveys performed by Russian and foreign researchers with regard to behavior patterns of managers, authorized by owners to make investment decisions, are systematized. Analysis of management quality and decisions made by Russian oil and gas managers are performed using the following 2 criteria: market capitalization change and opinion of professional society. The purpose of the research is to attract attention to low management quality in Russian statowned oil and gas companies.

The Appropriateness of Trade Liberalization in the Industrial Sector of the Russian Federation

OpenAIRE

Ilyasova, Tatiana

2003-01-01

This article seeks to investigate the appropriateness of implementation of trade liberalization in Russia by analyzing the current performance of the Russian industrial sector and evaluating its nominal and effective protection levels. The estimation of the effective level of protection is performed through the calculation of effective rates of protection for each industrial sector. Effective rates of protection are estimated with the simple Corden Method to examine the difference in protecti...

Economic Sanctions of the West and Russian Anti-sanctions: Success or a Failure?

Directory of Open Access Journals (Sweden)

Rustem M. Nureev

2016-12-01

Full Text Available The main objective of the work is the analysis of the consequences for Russian economy from the imposition of sanctions by Western countries. The paper discusses issues related to the effectiveness of the sanctions on South Africa, Iraq, and Haiti; the work presents the consequences of imposition of sanctions for Russian economy as a whole, as well as highlight the impact of the introduction of anti-Russian and Russian sanctions on two sectors: banking and food industry. The first was chosen because it is an indicator of what is happening in the economy since a funding stream from the west has been blocked. As for the food industry - it is expected that the introduction of the embargo of the product will allow Russian companies to realize their potential and lead to the development of this sector. The imposition of sanctions, the fall of the ruble, as well as the decline in oil prices had a negative impact on Russian economy and the continuation of the current situation can greatly slow down its development in the future. According to our analysis we can draw the following conclusions: the banking sector came under several attacks at once (the prohibition of monetary financing from the west, the growth of past due accounts, the policy of the Central Bank. The food sector has potential for growth, but there is a lack of clear boundaries for the period of sanctions (which does not allow companies to invest in the development of food industry considerable sums, and declining purchasing power due to a significant increase in inflation for the past 2 years. The imposition of sanctions, the fall of the ruble, as well as the decline in oil prices had a negative impact on the Russian economy and the preservation of the current situation in the international arena can greatly slow down its development in the future.

The Evolution of the Russian Saving Bank Sector During the Transition Era

NARCIS (Netherlands)

M.A. Carree (Martin)

2000-01-01

textabstractFollowing the 1988 banking reform in Russia there was an enormous increase in the number of (registered) commercial banks. The Russian savings bank sector went through a period of shakeout after the August 1995 interbank crisis. Large banks were able to expand their market shares in the

Global oil prices, macroeconomic fundamentals and China's commodity sector comovements

International Nuclear Information System (INIS)

Chen, Peng

2015-01-01

This paper investigates the common movements of commodity sectors in China as well as the economic underpinnings of the comovements. We employ a Bayesian dynamic latent factor model to disentangle the common and idiosyncratic sector-specific factors of the prices of a group of China's commodity sectors: petrochemicals, grains, energy, non-ferrous metals, oils & fats, and softs. The results indicate that the common factor accounts for a significant portion of the fluctuations of China's commodity sectors, providing evidence of the strong commodity sector comovements in China. We further use a VAR model to link the common movements across China's commodity sectors to the underlying determinants, including global oil price shocks and domestic macroeconomic fluctuations. We find that the global oil price shocks have strong effects on the common movements across commodity sectors in China in addition to its domestic macroeconomic fluctuations at long horizons. However, at short horizons, the common movements across commodity sectors in China respond more strongly to the global oil shocks than to its domestic macroeconomic fluctuations. - Highlights: • We examine the comovements of commodity prices at the industry level in China. • The common factor accounts for a significant portion of commodity sector fluctuations. • We investigate the joint impacts of global oil price shocks and domestic macro fluctuations on the comovements. • The global oil price shocks have persistent and strong effects on the comovements. • The impacts of domestic macro fluctuations on the comovements differ at short and long horizons.

Technological Changes as the Development Factor of the Global and Russian Energy Sector

OpenAIRE

Dudin, Mihail Nikolaevich; Lyasnikov, Nikolai Vasil’evich; Sekerin, Vladimir Dmitrievich; Gorokhova, Anna Evgen’evna; Danko, Tamara Petrovna; Bank, Olga Anatol’evna

2017-01-01

This article aims to study the real and hidden technological changes that will shape the strategic contours of the world energy civilization development, as well as the development of the Russian energy sector. The paper presents the following main conclusions: i) global energy development and nation states energy sector development are determined by a set of issues, foremost of which is innovation and technological aspect that determines the local and global changes that are likely to lead t...

Analysis of the debt burden in Russian economy sectors

Directory of Open Access Journals (Sweden)

Svetlana Popova

2017-12-01

Full Text Available This paper provides an analysis of the debt burden of Russian companies and raises the issue of debt-level heterogeneity across economic sectors. To identify the causes of this heterogeneity, it estimates a regression model that includes both fundamental explanatory variables of companies and industry fixed effects. The results of the analysis demonstrate that standard variables, such as profitability, company size, asset turnover, and fixed-asset turnover ratio have a strong statistical significance. However, these do not fully explain the variation in the debt levels of companies in different sectors. According to model estimation, there are other industry specific factors that produce an imbalance between fundamental factors and companies’ debt levels. An understanding of the formation process and structure of debt burden in individual industries is extremely important for the financial stability of companies and for an effective monetary policy.

Soviet Union oil sector outlook grows bleaker still

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports on the outlook for the U.S.S.R's oil sector which grows increasingly bleak and with it prospects for the Soviet economy. Plunging Soviet oil production and exports have analysts revising near term oil price outlooks, referring to the Soviet oil sector's self-destructing and Soviet oil production in a freefall. County NatWest, Washington, citing likely drops in Soviet oil production and exports (OGJ, Aug. 5, p. 16), has jumped its projected second half spot price for West Texas intermediate crude by about $2 to $22-23/bbl. Smith Barney, New York, forecasts WTI postings at $24-25/bbl this winter, largely because of seasonally strong world oil demand and the continued collapse in Soviet oil production. It estimates the call on oil from the Organization of Petroleum Exporting Countries at more than 25 million b/d in first quarter 1992. That would be the highest level of demand for OPEC oil since 1980, Smith Barney noted

Sector specific features of innovative development in the Russian economy

Directory of Open Access Journals (Sweden)

Krasyuk I.A.

2017-01-01

Full Text Available The present-day development of the Russian Federation is mostly shaped by the innovative development capacity of the national economy. Industry forms the core of such development. The paper presents the study of the current state of the innovative development in industry being the source of the basic innovations, as well as identifies the limitation factors. The authors have found out that low innovative activity of the industrial enterprises holds back the implementation of innovations in the related sectors, for instance, trade. It has also been found out that the course of the innovative development in the field of trade is also shaped by the sector-specific factors, which should be considered to adjust the innovation policy of a trading enterprise.

Oil transformation sector modelling: price interactions

International Nuclear Information System (INIS)

Maurer, A.

1992-01-01

A global oil and oil product prices evolution model is proposed that covers the transformation sector incidence and the final user price establishment together with price interactions between gaseous and liquid hydrocarbons. High disparities among oil product prices in the various consumer zones (North America, Western Europe, Japan) are well described and compared with the low differences between oil supply prices in these zones. Final user price fluctuations are shown to be induced by transformation differences and competition; natural gas market is also modelled

Restructuring the Russian electricity sector: Re-creating California?

International Nuclear Information System (INIS)

Pittman, Russell

2007-01-01

The Russian Federation has begun restructuring its electricity sector, following the standard restructuring model of complete vertical separation of generation from transmission, with the aim of creating competition in regional generation markets. This paper examines the structure of the six principal regional generation markets that are in their early stages of development and argues that they are likely to be characterized by high levels of market power on the part of individual privatized generation companies, especially during the peak winter demand season. These levels-considerably higher than those that caused competitive problems in California-seem to create a serious risk of price spikes in deregulated wholesale electricity markets, and thus of significant price increases to consumers of electricity

Corporate Social Responsibility and the Oil Industry in the Russian Arctic

NARCIS (Netherlands)

Henry, Laura A.; Nysten-Haarala, Soili; Tulaeva, Svetlana; Tysyachnyuk, Maria

2016-01-01

Examining the oil and gas industry in the Russian Arctic, this article investigates the gap between corporate social responsibility (CSR) as articulated in corporate offices and implemented at the local level. In Russia, global CSR norms interact with weak formal institutions and the strong

EFFECTS OF OIL PRICE SHOCKS ON THE ECONOMIC SECTORS IN MALAYSIA

Directory of Open Access Journals (Sweden)

Mohd Shahidan Shaari

2013-10-01

Full Text Available This paper aims to examine the effects of oil price shocks on economic sectors in Malaysia. A unit root test was conducted, in which data were shown to be non-stationary in all levels, and stationary in the first difference for all variables. The co-integration model was applied, and the results indicated that one co-integrating equation exists, suggesting the long-term effects of oil prices on the agriculture, construction, manufacturing, and transportation sectors. Finally, Grange causality test was performed, and the results implied that in Malaysia, oil price shocks can affect agriculture, similar to Hanson et al. (2010. Oil price instability also influences the performance of the agriculture sector, contrary to the results of Alper and Torul (2009. In addition, the construction sector was found to be dependent on oil prices. Therefore, the current study has an important implication for the Malaysian government in formulating policies on oil prices. The Malaysian government needs to control the price to ensure that unstable price will not harm the agriculture, manufacturing, and construction sectors.

The role of the European Bank in the energy sector

International Nuclear Information System (INIS)

Coleman, John

1994-01-01

The European Bank for Reconstruction and Development was established in 1991 and is owned by the western industrialized countries, including Canada, and the former communist countries of Europe and Central Asia. Its purpose is to assist the latter to make the transition from command to market economies in a democratic framework. In the energy sector, most of the EBRD's lending has been in the oil and gas sector in Russia, but it is open for business in other sectors and in all countries of operation. Unlike other development banks, the EBRD is prepared to finance nuclear power projects. The bank is also prepared to finance conventional power plants where these would permit the closure of obsolete or unsafe nuclear plants. In the oil and gas sector, most of the EBRD's lending has related to private sector, joint venture projects aimed at oil field rehabilitation and development. The private sector ventures supported by the Bank normally involve joint stock companies owned 50 per cent by western partners and 50 per cent by Russian state oil companies, which are being privatized or are operating according to private sector principles. (author)

Technical skill acquisition in the Tanzanian oil sector

International Nuclear Information System (INIS)

Mwandosya, M.J.

1990-01-01

The oil sector is strategic in any nation's endeavor for development. Disruption of oil supplies leads to a disruption in all sectors of the economy. In addition, by holding a prerogative over technical knowledge, the multinational oil companies have strengthened their influence. They have over time invested in research and development in exploration and refining, and have established a world-wide network of marketing systems. This paper provides a discussion of skill acquisition by indigenous people which is a discussion of the interface between the affiliates of these multinational companies, their corporate desires, and the efforts of emerging nations to control or at least monitor and regulate these affiliates

The energy sector abroad. Part 5. Norwegian energy sector large exporter of natural gas

International Nuclear Information System (INIS)

Van Gelder, J.W.

1997-01-01

Some facts about the Norwegian natural gas and oil industry are presented. In 1995 the industries took 12.5% of GNP and no less than 47.6% of export revenues. The use of natural gas in Norway is low. In 1996 Norway exported 37.9 billion m 3 of natural gas. It is planned to double that volume within the next 10 years. Therefore, a strategic alliance between two major foreign competitors (Gasunie in the Netherlands and Gazprom in the Russian Federation) was not met with enthusiasm. The three most important companies in the Norwegian oil and gas industry are Statoil, Norsk Hydro, and Saga Petroleum. Overall turnover of the sector in 1994 was 40.6 billion Dutch guilders. Some 17,500 people are directly employed by the sector. 5 ills., 5 tabs

Price implications for Russia's oil refining

International Nuclear Information System (INIS)

Khartukov, Eugene M.

1998-01-01

Over the past several years, Russia's oil industry has undergone its radical transformation from a wholly state-run and generously subsidized oil distribution system toward a substantially privatized, cash-strapped, and quasi-market ''petropreneurship''. This fully applies to the industry's downstream sector. Still unlike more dynamic E and C operations, the country's refining has turned out better fenced off competitive market forces and is less capable to respond to market imperatives. Consequently, jammed between depressed product prices and persistent feedstock costs, Russian refiners were badly hit by the world oil glut - which has made a radical modernization of the obsolete refining sector clearly a must. (author)

Comparative Study and Critical Analysis of Sustainability Reporting in the Oil and Gas Sector

OpenAIRE

Thomas, Prakash M.

2006-01-01

Oil and Gas sector is one of the largest and major economic sectors globally. It is also one of the most critical in terms of being a basic driver for all other economic activities worldwide. In the recent times we have seen large scale volatility in Oil and Gas prices and a surge in huge profits for Oil and Gas sector companies. Oil and Gas sector is also one of the major sectors with tremendous impact on not just environmental factors but also on Social and Economic factors. All major Oil a...

Russian financial sector: adjustment and management

Directory of Open Access Journals (Sweden)

Vitaly J. Ozira

2006-12-01

Full Text Available This paper reviews general issues relate to Russian financial system and policies in the context of economies relying to a significan extent on market mechanisms to allocate resources. After a brief introduction describing the functions of the financial sector in a marke economy, the paper presents an inventory o the most common problems hindering the effective performance of the financial system as a development tool, and some policy guideline based on the analysis. The text aims a presenting a brief exposition of the basic principles that provide a conceptual framework to review the issues.Finance, like money, is not a realit which exists independently from the specific cultural, political and legal features of a given society. The reason is that finance is ai institution, which organizes relevant modes o interaction among various groups or individual economic units claims on the social resources, the functions fulfilled by the financial sector need not be the universal.The views expressed in the paper are the author's own responsibility and should not be interpreted as presenting the official position paper on financial sector management.El presente artículo examina problemas generales concernientes al sector financiero de Rusia a la luz del sistema económico apoyado en los mecanismos de mercado de la distribución de los recursos. Después de la introducción que describe las funciones de dicho sector en las condiciones de mercado, el artículo representa un cuadro típico de problemas que frenan el funcionamiento eficaz del sistema financiero como instrumento de desarrollo. Asimismo el autor ofrece recomendaciones prácticas basadas en el resultado del análisis llevado a cabo por él. El texto del artículo contiene los principios fundamentales que son, propiamente dicho, los marcos conceptuales del presente trabajo.Las finanzas, como es sabido, están estrechamente vinculadas a las peculiaridades jurídicas, políticas y culturales de

Development trends in the Azerbaijan oil and gas sector: Achievements and challenges

International Nuclear Information System (INIS)

Ciarreta, Aitor; Nasirov, Shahriyar

2012-01-01

This article is study of Azerbaijan oil and gas industry. It illustrates the business climate, the impact of this sector on Azerbaijan's economy including role of SOFAZ and highlights recent developments in the energy production and the main concepts of . Meanwhile, the article establishes the government policy by indentifying several factors that influenced to attract foreign investment to oil and gas sector and examines significant challenges that still remain for further development of the country's oil industry. - Highlights: ► In this study, we review the oil and gas sector in Azerbaijan and describe the main government policies for attracting foreign investment to the sector. ► We showed that providing a predictable legislative and regulatory framework and attractive conditions for oil contracting encourages foreign investment inflows to the country. ► Issues such as the lack of independent regulatory institutions, rehabilitation of oil refineries and resolution of the legal status of the Caspian Sea remain major challenges for further development of the oil and gas industries.

Oil price shocks: Sectoral and dynamic adjustments in a small-open developed and oil-exporting economy

International Nuclear Information System (INIS)

Dissou, Yazid

2010-01-01

The recent uptrend in oil prices represents both an opportunity and a challenge for small-open developed and oil-exporting countries. Using Canada as a study case and in contrast to most studies that use aggregate models, this paper employs a multi-sector, intertemporal general equilibrium model to provide perspectives on the sectoral, aggregate and dynamic adjustments of a sustained increase in oil prices. It highlights the transmission channels through which the rise in oil prices affects the domestic economy. The simulation results suggest that the shock would have positive aggregate impacts, but would also spur the reallocation of resources and would therefore induce disparities in sectoral adjustments. The suggested contraction in some industries could not however be attributed to a pure Dutch disease phenomenon because of, among other factors, the cost-push effect induced by the increase in oil prices.

Oil dependency of the Russian economy: an econometric analysis

OpenAIRE

Benedictow, Andreas; Fjærtoft, Daniel; Løfsnæs, Ole

2010-01-01

Abstract: A macro econometric model of the Russian economy is developed, containing 13 estimated equations – covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is tailored to analyze effects of changes in the oil price and economic policy variables. The model has good statistical properties and tracks history well over the estimation period, which runs from 1995Q1 to 2008Q1. Model simulations indicate tha...

The role of the European Bank in the energy sector

International Nuclear Information System (INIS)

Coleman, J.

1993-01-01

The European Bank for Reconstruction and Development was established in 1991 to assist central and eastern European countries in making the transition from command economies to market economies. The Bank provides loans, equity investments, guarantees, advice, and technical cooperation to qualified applicants through its merchant banking and development banking operations. In the energy sector, the Bank recognizes that the energy resources of eastern Europe are enormous but so are the problems associated with their development. Since its foundation, most of the Bank's energy-related lending has been in the oil and gas sector in Russia and the Baltic countries. The Bank has approved eight projects in that sector with total capital costs of ca US$1.7 billion. Major problem areas to be overcome include uneconomic domestic pricing, high energy intensity and pollution, inadequate legal frameworks, inappropriate tax structures, and institutional complexity. Canadian firms have been actively involed in Bank-financed projects in the Russian oil and gas sector, and two such projects are briefly described. They comprise joint ventures with Russian enterprises or associations and include rehabilitation of Siberian oil fields and drilling new wells in the Komi (Arctic) region. A common feature of these projects is that they were well under way before the Bank got involved, but the Bank brings the benefits of additional financing and providing moral support and expertise which can be useful in overcoming administrative and regulatory difficulties

Women in Canada's oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Sherk, S. [AGRA Earth and Environmental Ltd., St. John' s, NF (Canada)

2005-01-01

This text presents a summary of the report: Women in Canada's Oil and Gas Sector, gathered for the Oil and Gas Sector Programme Pakistan (OGSP). The OGSP aims to strengthen Pakistan's capacity to manage its oil and gas resources more sustainably through policy advice, privatization assistance, appropriate regulatory mechanisms, technology transfer and specialized petroleum training. The OGSP promotes gender equity and women's participation in its project activities and within the petroleum industry in Pakistan and Canada. The purpose of this report was to identify current levels of female labour force participation in the Canadian petroleum sector, examine barriers to women's entry and promotion within the petroleum sector, and present strategies used by petroleum companies to promote the complete participation of their female employees. The report concluded that although women are not yet equally represented in Canada's petroleum industry, the industry is moving in the right direction. For example, there are more women in petroleum-related university programs, more associations dedicated to promoting women in science and engineering, organizational change within companies in support of the principles of diversity. While monitoring and overcoming barriers to women's participation should continue, these positive steps should be supported, in order to ensure that Canada's oil and gas sector benefits fully from the new approaches, ideas and alternative working styles that women bring to their work. 4 tabs.

Estimation of the Impacts of Non-Oil Traditional and NonTraditional Export Sectors on Non-Oil Export of Azerbaijan

Directory of Open Access Journals (Sweden)

Nicat Hagverdiyev

2016-12-01

Full Text Available The significant share of oil sector of the Azerbaijan export portfolio necessitates promotion of non-oil exports. This study analyzes weather the commodities which contain the main share (more than 70% in non-oil export are traditional or non-traditional areas, using the so-called Commodity-specific cumulative export experience function, for the 1995-2015 time frame. Then, the impact of traditional and non-traditional exports on non-oil GDP investigated employing econometric model. The results of the study based on 16 non-oil commodities show that cotton, tobacco, and production of mechanic devices are traditional sectors in non-oil export. The estimation results of the model indicate that both, traditional and non-traditional non-oil export sectors have economically and statistically significant impact on non-oil GDP.

Russian Federation [National and regional programmes on the production of hydrogen using nuclear energy

Energy Technology Data Exchange (ETDEWEB)

NONE

2013-03-15

The Russian Federation, one of the world's big energy superpowers, is rich in natural energy resources. It has the largest known natural gas reserves of any country on earth, representing 32% of the world's proven reserves. Furthermore, it has, with 157 billion t, the world's second largest coal reserves (10% of the explored coal reserves). The Russian Federation is the largest oil producer of the non-OPEC countries, and the second largest in the world after Saudi Arabia. It has the biggest oil shale reserves in Europe, equal to 35.47 billion t of shale oil. Last but not least, it possesses 8% of the proven uranium reserves. In recent years, the Russian Federation has identified the gas sector as being of key strategic importance. The share of natural gas as a primary energy source is remarkably high compared with the rest of world. Gazprom has a monopoly for the natural gas pipelines and has the exclusive rights to export natural gas, and thus controls their access to the European market. The total primary energy consumption in the Russian Federation was 665 Mtoe in 2007, down from 871 Mtoe in 1990, with 55% covered by natural gas, 20% by oil and 15% by coal. It is the world's fourth largest electricity producer after the USA, China and Japan. In 2007, it produced 1013 TW.h of electricity. Roughly 67% of the Russian Federation's electricity is generated by thermal plants, 17% by hydropower and 17% by nuclear reactors. The Russian Federation is the world's leading net energy exporter and a major supplier to the European Union. In the Russian Federation, about 40% of electric power and 85% of heat supply, mainly in cogeneration, is covered by regional power industries with power plant units of {approx}300 MW(th).

Comments on the Russian energy policy

International Nuclear Information System (INIS)

Lavrovsky, I.

1992-01-01

The state of the energy industries and markets in the former Soviet Union is reviewed, with a focus on the oil sector. In spite of the economic recession, the demand for primary energy resources and electricity has dropped only slightly. A decrease in energy production has not yet hurt industries such as oil refining and equipment manufacturing. The low oil price in the domestic trade, ca $2.70/bbl, means that producers have an incentive to hoard oil in the ground or sell preferably to the export market. Non-energy industries are entering the oil market as well. Oil production has fallen by early depletion of the best reservoirs, the unwillingness of producers to produce because of low domestic oil prices, lack of investment, and inadequate technology. It is suggested that Russian oil needs to stay in Russia to stimulate economic growth and increase energy demand. Russia will need hard support such as exploration and production programs, modernization of processing facilities, development of infrastructure, technical assistance, management training, and a restructuring of the outdated financial system. All of this will require more involvement from western companies

Energy polarization and popular representation: Evidence from the Russian Duma

Energy Technology Data Exchange (ETDEWEB)

Grigoriadis, Theocharis N. [Department of Political Science, University of California, Berkeley, 210 Barrows Hall, Berkeley, CA, 94720-1950 (United States)], E-mail: thgrigoriadis@berkeley.edu; Torgler, Benno [The School of Economics and Finance, Queensland University of Technology, GPO Box 2434, Brisbane, QLD 4001 (Australia); CREMA Center for Research in Economics, Management and the Arts (Switzerland); CESifo Munich (Germany)], E-mail: benno.torgler@qut.edu.au

2009-03-15

In this article we introduce the term 'energy polarization' to explain the politics of energy market reform in the Russian Duma. Our model tests the impact of regional energy production, party cohesion and ideology, and electoral mandate on the energy policy decisions of the Duma deputies (oil, gas, and electricity bills and resolution proposals) between 1994 and 2003. We find a strong divide between Single-Member District (SMD) and Proportional Representation (PR) deputies High statistical significance of gas production is demonstrated throughout the three Duma terms and shows Gazprom's key position in the post-Soviet Russian economy. Oil production is variably significant in the two first Dumas, when the main legislative debates on oil privatization occur. There is no constant left-right continuum, which is consistent with the deputies' proclaimed party ideology. The pro- and anti-reform poles observed in our Poole-based single dimensional scale are not necessarily connected with liberal and state-oriented regulatory policies, respectively. Party switching is a solid indicator of Russia's polarized legislative dynamics when it comes to energy sector reform.

Energy polarization and popular representation. Evidence from the Russian Duma

International Nuclear Information System (INIS)

Grigoriadis, Theocharis N.; Torgler, Benno

2009-01-01

In this article we introduce the term 'energy polarization' to explain the politics of energy market reform in the Russian Duma. Our model tests the impact of regional energy production, party cohesion and ideology, and electoral mandate on the energy policy decisions of the Duma deputies (oil, gas, and electricity bills and resolution proposals) between 1994 and 2003. We find a strong divide between Single-Member District (SMD) and Proportional Representation (PR) deputies High statistical significance of gas production is demonstrated throughout the three Duma terms and shows Gazprom's key position in the post-Soviet Russian economy. Oil production is variably significant in the two first Dumas, when the main legislative debates on oil privatization occur. There is no constant left-right continuum, which is consistent with the deputies' proclaimed party ideology. The pro- and anti-reform poles observed in our Poole-based single dimensional scale are not necessarily connected with liberal and state-oriented regulatory policies, respectively. Party switching is a solid indicator of Russia's polarized legislative dynamics when it comes to energy sector reform. (author)

Marketing strategy for the BC oil and gas service sector

Energy Technology Data Exchange (ETDEWEB)

NONE

2004-10-29

The British Columbia (BC) oil and gas service sector is collaborating with the BC Ministry of Energy and Mines (MEM) to enhance the competitiveness of oil and gas service providers in Northeast BC. The MEM agreed to provide one-time funding to develop this marketing strategy for the oil and gas sector, particularly for small to medium-sized companies with limited resources. This document is also a resource tool for suppliers in the sector that have developed and are implementing their own marketing plans and wish to enhance elements of their own plans. The strategy also outlines the potential role of associations in Northeast BC that represent the service sector. It links their marketing activities with the activities of individual service providers. Local service providers (LSP) include companies in a wide range of businesses such as drilling support, transportation, health and safety services, and construction. Six issues that directly impact the competitiveness of LSPs were also presented along with recommendations for participants in the service sector, associations and individual companies. tabs., figs., 11 appendices.

Marketing strategy for the BC oil and gas service sector

International Nuclear Information System (INIS)

2004-01-01

The British Columbia (BC) oil and gas service sector is collaborating with the BC Ministry of Energy and Mines (MEM) to enhance the competitiveness of oil and gas service providers in Northeast BC. The MEM agreed to provide one-time funding to develop this marketing strategy for the oil and gas sector, particularly for small to medium-sized companies with limited resources. This document is also a resource tool for suppliers in the sector that have developed and are implementing their own marketing plans and wish to enhance elements of their own plans. The strategy also outlines the potential role of associations in Northeast BC that represent the service sector. It links their marketing activities with the activities of individual service providers. Local service providers (LSP) include companies in a wide range of businesses such as drilling support, transportation, health and safety services, and construction. Six issues that directly impact the competitiveness of LSPs were also presented along with recommendations for participants in the service sector, associations and individual companies. tabs., figs., 11 appendices

Refurbishment priorities at the Russian coal-fired power sector for cleaner energy production-Case studies

International Nuclear Information System (INIS)

Grammelis, P.; Koukouzas, N.; Skodras, G.; Kakaras, E.; Tumanovsky, A.; Kotler, V.

2006-01-01

The paper aims to present the current status of the coal-fired power sector in Russia, the prospects for renovation activities based on Clean Coal Technologies (CCT) and two case studies on potential refurbishment projects. Data were collected for 180 thermoelectric units with capacity higher than 100 MWe and the renovation needs of the power sector, among the retrofitting, repowering and reconstruction options, were estimated through a multi-criteria analysis. The most attractive system to renovate a power plant between the Supercritical Combustion (SC) and the Fluidized Bed Combustion (FBC) technologies was evaluated. The application of each of the aforementioned technologies at the Kashirskaya and Shaturskaya power plants was studied and their replication potential in the Russian coal-fired power plant park was examined. Nowadays, the installed capacity of coal-fired power plants in the Russian Federation is 29.3 GWe, while they account for about 19% of the total electricity generation in the area. The low efficiency and especially the advanced age are the determinant factors for renovation applications at the Russian units. Even in the more conservative modernization scenario, over 30% of the thermoelectric units have to be repowered or reconstructed. Concrete proposals about the profitable and reliable operation of two Russian thermoelectric units with minimized environmental effects were elaborated. A new unit of 315 MWe with supercritical steam parameters and reburning for NO x abatement is envisaged to upgrade Unit 1 of Kashirskaya power station, while new Circulating Fluidized Bed (CFB) boilers of the same steam generation is the most promising renovation option for the boilers of Unit 1 in Shaturskaya power station

Refurbishment priorities at the Russian coal-fired power sector for cleaner energy production case studies

Energy Technology Data Exchange (ETDEWEB)

P. Grammelis; N. Koukouzas; G. Skodras; E. Kakaras; A. Tumanovsky; V. Kotler [Centre for Research and Technology Hellas/Institute of Solid Fuels Technology and Applications (CERTH/ISFTA), Ptolemaida (Greece)

2006-11-15

The paper reviews the current status of the coal-fired power sector in Russia, the prospects for renovation activities based on Clean Coal Technologies (CCT) and presents two case studies on potential refurbishment projects. Data were collected for 180 thermoelectric units with capacity higher than 100 MWe and the renovation needs of the power sector, among the retrofitting, repowering and reconstruction options, were estimated through a multi-criteria analysis. The most attractive system to renovate a power plant between the Supercritical Combustion (SC) and the Fluidized Bed Combustion (FBC) technologies was evaluated. The application of each of the aforementioned technologies at the Kashirskaya and Shaturskaya power plants was studied and their replication potential in the Russian coal-fired power plant park was examined. Nowadays, the installed capacity of coal-fired power plants in the Russian Federation is 29.3 GWe, while they account for about 19% of the total electricity generation in the area. The low efficiency and especially the advanced age are the determinant factors for renovation applications at the Russian units. Even in the more conservative modernization scenario, over 30% of the thermoelectric units have to be repowered or reconstructed. Concrete proposals about the profitable and reliable operation of two Russian thermoelectric units with minimized environmental effects were elaborated. A new unit of 315 MWe with supercritical steam parameters and reburning for NOx abatement is envisaged to upgrade Unit 1 of Kashirskaya power station, while new circulating fluidized bed (CFB) boilers of the same steam generation is the most promising renovation option for the boilers of Unit 1 in Shaturskaya power station. 11 refs., 15 figs., 7 tabs.

Refurbishment priorities at the Russian coal-fired power sector for cleaner energy production-Case studies

Energy Technology Data Exchange (ETDEWEB)

Grammelis, P. [Centre for Research and Technology Hellas/Institute of Solid Fuels Technology and Applications (CERTH/ISFTA), 4 km N.R. Ptolemaida-Kozani, P.O. Box 95, Ptolemaida 50200 (Greece) and Laboratory of Steam Boilers and Thermal Plants, Mechanical Engineering Department, National Technical University of Athens, Athens (Greece)]. E-mail: pgra@central.ntua.gr; Koukouzas, N. [Centre for Research and Technology Hellas/Institute of Solid Fuels Technology and Applications (CERTH/ISFTA), 4 km N.R. Ptolemaida-Kozani, P.O. Box 95, Ptolemaida 50200 (Greece); Skodras, G. [Centre for Research and Technology Hellas/Institute of Solid Fuels Technology and Applications (CERTH/ISFTA), 4 km N.R. Ptolemaida-Kozani, P.O. Box 95, Ptolemaida 50200 (Greece); Kakaras, E. [Centre for Research and Technology Hellas/Institute of Solid Fuels Technology and Applications (CERTH/ISFTA), 4 km N.R. Ptolemaida-Kozani, P.O. Box 95, Ptolemaida 50200 (Greece); Laboratory of Steam Boilers and Thermal Plants, Mechanical Engineering Department, National Technical University of Athens, Athens (Greece); Tumanovsky, A. [VTI All Russia Thermal Engineering Institute (Russian Federation); Kotler, V. [VTI All Russia Thermal Engineering Institute (Russian Federation)

2006-11-15

The paper aims to present the current status of the coal-fired power sector in Russia, the prospects for renovation activities based on Clean Coal Technologies (CCT) and two case studies on potential refurbishment projects. Data were collected for 180 thermoelectric units with capacity higher than 100 MWe and the renovation needs of the power sector, among the retrofitting, repowering and reconstruction options, were estimated through a multi-criteria analysis. The most attractive system to renovate a power plant between the Supercritical Combustion (SC) and the Fluidized Bed Combustion (FBC) technologies was evaluated. The application of each of the aforementioned technologies at the Kashirskaya and Shaturskaya power plants was studied and their replication potential in the Russian coal-fired power plant park was examined. Nowadays, the installed capacity of coal-fired power plants in the Russian Federation is 29.3 GWe, while they account for about 19% of the total electricity generation in the area. The low efficiency and especially the advanced age are the determinant factors for renovation applications at the Russian units. Even in the more conservative modernization scenario, over 30% of the thermoelectric units have to be repowered or reconstructed. Concrete proposals about the profitable and reliable operation of two Russian thermoelectric units with minimized environmental effects were elaborated. A new unit of 315 MWe with supercritical steam parameters and reburning for NO {sub x} abatement is envisaged to upgrade Unit 1 of Kashirskaya power station, while new Circulating Fluidized Bed (CFB) boilers of the same steam generation is the most promising renovation option for the boilers of Unit 1 in Shaturskaya power station.

The New Oil Sector and the Dutch Disease: the Case of Ghana

Directory of Open Access Journals (Sweden)

Dennis Nchor

2015-01-01

Full Text Available This paper investigates the impact of the new oil sector on the economic performance of major traditional sectors of the Ghanaian economy. The discovery of resource booming sectors in most countries often comes with several opportunities as well as challenges. Ghana discovered oil in 2007 and started subsequent commercial production and export in 2010. The results from the study show that, there is no clear case of declining performance of sectors in terms of output, growth and export earnings as a result of the oil production. The study could also not establish a sustained appreciation in the real effective exchange rate since commercial oil production commenced which is an indicator of the presence of the Dutch Disease phenomenon. The real effective exchange rate was also found to be highly influenced by oil production, oil prices, total exports and remittances. The study applied an autoregressive distributed lag model due to differences in the level of integration of variables. The data was obtained from the Bank of Ghana, the Ministry of Finance in Ghana and the Energy Information Administration.

Overturning to the oil sector

International Nuclear Information System (INIS)

Valenzuela, Luis Carlos

1999-01-01

In only 11 months, the Mines and Energy Sector, especially with concerning to oil politics and to Ecopetrol it has given a total overturn, not only new economic conditions settled down to attract investment in the sector, the politics advanced in the activation of the environmental licenses and the consultations with the community. As for Ecopetrol bottom changes were made that guarantee their passive of pensions, disabling this way a fiscal bomb and the countable system was changed that will make that Ecopetrol counts the raw as a capitalization on the part of the Colombians guaranteeing an appropriate return to the petroleum that is given in administration

Economic Multipliers and Sectoral Linkages: Ghana and the New Oil Sector

Directory of Open Access Journals (Sweden)

Dennis Nchor

2016-01-01

Full Text Available The study seeks to assess the structure of the economy of Ghana in terms of changes in the economic structure before and after the production of oil in commercial quantities. This is viewed with regards to economic multipliers, sectoral interdependence and trade concentration. The results show that changes occurred with regards to multipliers and sectoral interdependence. The output multipliers of most sectors have declined. The results also show that the agricultural sector experienced an initial decline in its growth while industry experienced an increase. The performance of the services sector was relatively stable for the period covered by the study. There is a decline in the level of trade concentration though on a whole the concentration index is still high. The study employed input-output modeling techniques and the data was obtained from the Ghana statistical service and the World Development Indicators.

Sector report: Malaysia. Upstream oil and gas industry

International Nuclear Information System (INIS)

1997-01-01

This report is one of a series designed to introduce British exporters to the opportunities offered by the Malaysian market in oil and natural gas. The report includes Malaysia's oil and gas reserves, production, exploration, major profits upstream, production sharing contracts, pipeline construction, operators in production, service sector, and Petronas. (UK)

THE AMAZING UNIVERSE OF RUSSIAN MULTINATIONALS: NEW INSIGHTS

Directory of Open Access Journals (Sweden)

CODRUŢA DURA

2013-12-01

Full Text Available Over the past few years, large multinational companies originating from Russia have shown outstanding performances alongside their road from regional dominance to global leaders. Taking stock of recent approaches in the literature and statistical data released by well-known international organizations, our papers aims to provide some new insights from the amazing universe of Russian multinationals, following the 2008-2009 global economic crisis. The list of the largest multinationals from Russia shows that corporations from oil & gas and metallurgical sector are prevailing, as a consequence of the resource – based character of the Russian economy. Although Russian giants represents a quite heterogeneous class of companies, they do share several common features such as their propel mechanism of expansion on the global business stage (leveraged by the resource-based nature of their home economy, their tendency to invest in the neighboring countries (like Commonwealth of Independent States or East European countries, their modes of entry (through brownfield projects etc.

Potential of Russian Regions to Implement CO2-Enhanced Oil Recovery

Directory of Open Access Journals (Sweden)

Alexey Cherepovitsyn

2018-06-01

Full Text Available The paper assesses the techno-economic potential of Russia to implement carbon capture and storage technologies that imply the capture of anthropogenic CO2 and its injection into geologic reservoirs for long-term storage. The focus is on CO2 enhanced oil recovery projects that seem to be the most economically promising option of carbon capture and storage. The novelty of the work lies in the formulation of a potential assessment method of CO2 enhanced oil recovery, which allows for establishing a connection between energy production and oil extraction from the viewpoint of CO2 supply and demand. Using linear optimization, the most promising combinations of CO2 sources and sinks are identified and an economic evaluation of these projects is carried out. Based on this information, regions of Russia are ranked according to their prospects in regards to CO2 capture and enhanced oil recovery storage. The results indicate that Russia has a significant potential to utilize its power plants as CO2 sources for enhanced oil recovery projects. It has been estimated that 71 coal-fired power plants, and 185 of the gas-fired power plants of Russia annually produce 297.1 and 309.6 Mt of CO2 that can cover 553.4 Mt of the demand of 322 Russian oil fields. At the same time, the total CO2 storage capacity of the Russian fields is estimated at 7382.6 Mt, however, due to geological and technical factors, only 22.6% can be used for CO2-EOR projects. Of the 183 potential projects identified in the regional analysis phase, 99 were found to be cost-effective, with an average unit cost of € 19.07 per ton of CO2 and a payback period of 8.71 years. The most promising of the estimated regions is characterized by a well-developed energy industry, relatively low transportation costs, numerous large and medium-sized oil fields at the final stages of development, and favorable geological conditions that minimize the cost of injection. Geographically, they are located in the

Oil and gas investment projects in the frame of the Kyoto protocol flexibility mechanisms in Russia

International Nuclear Information System (INIS)

Platonova, A.

2005-02-01

This PhD thesis evaluates the perspectives of the oil and gas investment projects in the frame of the Joint Implementation mechanism in Russia. From the energy point of view, the relationships between climate policy and energy systems are described and the main sources of GHG emissions reductions in the Russian oil and gas sector are evaluated. From the environmental point of view, the JI is firstly considered as an economic instrument of the international climate agreements. Secondly, are demonstrated the characteristics of the JI perturbing his efficiency and his capacity to ensure the environmental quality of projects. Based on the specificities of Russian climate policy, two scenarios of its development are proposed to estimate the perspectives of JI in the oil and gas sector in the middle term. (author)

The Kashagan Field: A Test Case for Kazakhstan's Governance of Its Oil and Gas Sector

International Nuclear Information System (INIS)

Campaner, N.; Yenikeyeff, S.

2008-01-01

consortium and companies participating in the PSA; the extent of KazMunaiGaz participation in the project. - Domestic industrial factors - relationship between IOCs and the state-owned energy company, KazMunaiGaz, including its impact on the project. - Technological factors - the utilization of advanced technology in the project and prospects for transfer of technology; Kazakhstan's reliance on the technology held by IOCs. - Legal factors - the duration, structure and implications of the PSA itself; legal perspectives of the new government energy policy and its impact on the investment climate. - Domino effect and environmental grounds for PSA re-negotiation - the impact of the Russian government's policies towards PSAs on Kazakh government's behaviour. - Regional factors - the project's regional impacts and the Kazakh government's interest in these regions; the export options of these landlocked resources will also be analysed. - Geopolitical factors - the importance of the project within the context of the Kazakh government's geo-strategy and foreign policy. This study is therefore arranged into four main sections: - Kashagan overview: key facts and figures; - Kazakhstan's evolving energy strategy; - Kazakhstan's energy sector: politics and society; - Geopolitics of Kashagan. The first section presents the main characteristics of the giant Kashagan oil field and the consortium that has been developing it since 1997. Kashagan is crucial for the future oil and gas output of Kazakhstan, but represents one of the most complicated oil field developments to date. The second section examines the specifics of the existing Production Sharing Agreements and the key domestic legislative changes affecting Kazakhstan's oil and gas sector. This section will also assess the growing influence of the state in the domestic energy sector and the expanding power of the state-owned national oil and gas company, KazMunaiGaz. The main allegations of the Kazakh government made against the ENI

Recent hydrocarbon developments in Latin America: Key issues in the downstream oil sector

International Nuclear Information System (INIS)

Wu, K.; Pezeshki, S.

1995-01-01

This report discusses the following: (1) An overview of major issues in the downstream oil sector, including oil demand and product export availability, the changing product consumption pattern, and refineries being due for major investment; (2) Recent upstream developments in the oil and gas sector in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Trinidad and Tobago, and Venezuela; (3) Recent downstream developments in the oil and gas sector in Argentina, Chile, Colombia, Ecuador, Mexico, Peru, Cuba, and Venezuela; (4) Pipelines in Argentina, Bolivia, Brazil, Chile, and Mexico; and (5) Regional energy balance. 4 figs., 5 tabs

Recent hydrocarbon developments in Latin America: Key issues in the downstream oil sector

Energy Technology Data Exchange (ETDEWEB)

Wu, K.; Pezeshki, S.

1995-03-01

This report discusses the following: (1) An overview of major issues in the downstream oil sector, including oil demand and product export availability, the changing product consumption pattern, and refineries being due for major investment; (2) Recent upstream developments in the oil and gas sector in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Trinidad and Tobago, and Venezuela; (3) Recent downstream developments in the oil and gas sector in Argentina, Chile, Colombia, Ecuador, Mexico, Peru, Cuba, and Venezuela; (4) Pipelines in Argentina, Bolivia, Brazil, Chile, and Mexico; and (5) Regional energy balance. 4 figs., 5 tabs.

Optimising Russian natural gas - reform and climate policy

Energy Technology Data Exchange (ETDEWEB)

NONE

2006-07-18

The world's largest gas producer and exporter, Russia has an enormous energy saving potential. At least 30 billion cubic meters, a fifth of Russian exports to European OECD countries, could be saved every year by enhanced technology or energy efficiency. As the era of cheap gas in Russia comes to an end, this potential saving is increasingly important for Russians and importing countries. And, as domestic gas prices increase, efficiency investments will become increasingly economic - not to mention the incentive for Gazprom to enhance its efficiency against a backdrop of high European gas prices. The book analyzes and estimates the potential savings and the associated reductions in greenhouse gas emissions in the oil extraction (flaring), gas transmission, and distribution sectors. Achieving these savings will require linking long-standing energy efficiency goals with energy sector reforms, as well as climate policy objectives. The book also describes Russia's emerging climate policy and institutional framework, including work still ahead before the country is eligible for the Kyoto Protocol's flexibility mechanisms and can attract financing for greenhouse gas reductions. Stressed is the need for Russia to tap the full potential of energy savings and greenhouse gas emission reductions through a more competitive environment in the gas sector to attract timely investments.

Sector Modeling for the Prediction and Evaluation of Cretan olive oil

NARCIS (Netherlands)

Migdalas, A.; Baourakis, G.; Kalogeras, N.; Meriem, H.B.

2004-01-01

Greece is a major international olive oil producer. Olive oil varieties constitute the major crops for Greek farmers growing certain oriental olive oil varieties. Currently, the olive oil sector in Greece is undergoing substantial changes and the response of farmers and consumers to this will be a

Rare metal granites in the structures of the Russian sector of Pacific ore belt

Directory of Open Access Journals (Sweden)

В. И. Алексеев

2016-08-01

Full Text Available Data are presented on the geology of areas of rare metal granites proliferation in the Russian sector of the Pacific Ore Belt that make one take a fresh look at the East Asian granitoid area to update its metallogeny. History is reviewed of studying rare metal granites of the Russian Far East. As a rule, these are found in the vicinity of major tungsten-stanniferous ore deposits, except much later than discovering the former, at the stages of their assessment and survey. Rare earth granites are usually missed by the geologists during the early stages of regional geological surveys due to their small size, weak eroding and external similarity with earlier granites. Using the examples of the Central Polousny, Badzhal and Kuyviveem-Pyrekakay regions the structural and geological conditions are characterized of localization of rare metal granites. Comparative analysis of geological situations made it possible to formulate the areal character of manifestation of rare metal granites; their confinedness to late Mesozoic orogenic arched uplifts of bogen structures above deep granitoid batholiths; positioning in the areas where longitudinal and transversal deep laying faults cross; gravitation to the environs of pre-Cambrian median masses. Similarity of structural-geological conditions for manifestation of the well-studied ore-containing granites serves to confirm the hypothesis on the joint stage of late Cretaceous rare metal magmatism in the Russian sector of the Pacific Ore Belt and the existence in the region of a magmatic super-province – the Far East belt of rare metal granites that includes the Novosibirsk-Chukotka, the Yana-Kolyma and the Sikhote-Alin rare metal – granite provinces.

Multifractal detrended cross-correlations between crude oil market and Chinese ten sector stock markets

Science.gov (United States)

Yang, Liansheng; Zhu, Yingming; Wang, Yudong; Wang, Yiqi

2016-11-01

Based on the daily price data of spot prices of West Texas Intermediate (WTI) crude oil and ten CSI300 sector indices in China, we apply multifractal detrended cross-correlation analysis (MF-DCCA) method to investigate the cross-correlations between crude oil and Chinese sector stock markets. We find that the strength of multifractality between WTI crude oil and energy sector stock market is the highest, followed by the strength of multifractality between WTI crude oil and financial sector market, which reflects a close connection between energy and financial market. Then we do vector autoregression (VAR) analysis to capture the interdependencies among the multiple time series. By comparing the strength of multifractality for original data and residual errors of VAR model, we get a conclusion that vector auto-regression (VAR) model could not be used to describe the dynamics of the cross-correlations between WTI crude oil and the ten sector stock markets.

The efficiency improvement potential for coal, oil and electricity in China's manufacturing sectors

International Nuclear Information System (INIS)

Li, Ke; Lin, Boqiang

2015-01-01

This paper introduces an improved total-factor ESTR (energy-saving target ratio) index, which combines the sequence technique and the “energy direction” to a DEA (data envelopment analysis) model, in order to measure the possible energy saving potential of a manufacturing sector. Afterward, the energy saving potentials of four different energy carriers, namely coal, gasoline, diesel oil and electricity, for 27 manufacturing sectors during the period of 1998–2011 in China are calculated. The results and its policy implications are as follows: (1) the average ESTRs of coal, gasoline, diesel oil and electricity are 1.714%, 49.939%, 24.465% and 3.487% respectively. Hence, energy saving of manufacturing sectors should put more emphasis on gasoline and diesel oil. (2) The key sectors for gasoline saving is the energy-intensive sectors, while the key sectors for diesel oil saving is the equipment manufacturing sectors. (3) The manufacture of raw chemical materials and chemical products sector not only consumes a large amount of oil, but also has a low efficiency of oil usage. Therefore, it is the key sector for oil saving. (4) Manufacture of tobacco and manufacture of communication equipment, computers and other electronic equipment are the benchmark for the four major energy carriers of energy-saving ratios. - Highlights: • An improved total-factor energy-saving target ratio is proposed. • Energy saving potentials of energy carriers for sectors in 1998–2011 are calculated. • Policy implications for energy savings in sectors and energy carriers are discussed. • Some suggestions for the energy policies of China's economy are discussed

Energy polarization and popular representation. Evidence from the Russian Duma

Energy Technology Data Exchange (ETDEWEB)

Grigoriadis, Theocharis N. [Department of Political Science, University of California, Berkeley, 210 Barrows Hall, Berkeley, CA, 94720-1950 (United States); Torgler, Benno [The School of Economics and Finance, Queensland University of Technology, GPO Box 2434, Brisbane, QLD 4001 (Australia)

2009-03-15

In this article we introduce the term 'energy polarization' to explain the politics of energy market reform in the Russian Duma. Our model tests the impact of regional energy production, party cohesion and ideology, and electoral mandate on the energy policy decisions of the Duma deputies (oil, gas, and electricity bills and resolution proposals) between 1994 and 2003. We find a strong divide between Single-Member District (SMD) and Proportional Representation (PR) deputies High statistical significance of gas production is demonstrated throughout the three Duma terms and shows Gazprom's key position in the post-Soviet Russian economy. Oil production is variably significant in the two first Dumas, when the main legislative debates on oil privatization occur. There is no constant left-right continuum, which is consistent with the deputies' proclaimed party ideology. The pro- and anti-reform poles observed in our Poole-based single dimensional scale are not necessarily connected with liberal and state-oriented regulatory policies, respectively. Party switching is a solid indicator of Russia's polarized legislative dynamics when it comes to energy sector reform. (author)

The Tributary Regime in the oil sector

International Nuclear Information System (INIS)

Carta Petrolera

1998-01-01

The tributary regime of the oil sector, is framed by the fiscal crisis that the country, maxim if one keeps in mind the importance of the fiscal revenues originated in the exploitation of these resources in Colombia, so much for the tribute coming from the foreign investment of the sector, like for the utilities generated by ECOPETROL and its impact in the public finances. However in front of this focus, the strategic importance of maintaining the investment in hydrocarbons and the paper that the fiscal politics and the tributary politics for the sector should play in the future and they constitute the government's key pieces

Sensitivity of stock market indices to oil prices: Evidence from manufacturing sub-sectors in Turkey

Directory of Open Access Journals (Sweden)

Eksi Halil Ibrahim

2012-01-01

Full Text Available Crude oil price is a critical cost factor for manufacturing industries that are of vital importance for economic growth. This study examines the relationship between crude oil prices and the indices of seven Turkish manufacturing sub-sectors over the period 1997:01-2009:12. The error correction model results reveal the long term causality from crude oil prices to chemical petroleum-plastic and basic metal sub-sectors indicating that these sub-sectors are highly sensitive to crude oil prices. We find no causal relationship for other sector indices for short or long time periods.

EXPANSION OF RUSSIAN MNCs CONTINUES: THE M&A ROAD

Directory of Open Access Journals (Sweden)

CLAUDIA ISAC

2013-12-01

Full Text Available This paper focuses on the expansion of Russian MNCs in the world and especially in Europe. Thus, after an introduction about the role of MNCs in the context of economic globalization we have presented theoretically the expansion levers of MNCs through mergers and acquisitions. The largest part of the work aims at analyzing the way Russian MNCs were able to expand their activities in most countries in Europe and North America, the allocation of foreign investments in the economic sectors in which MNCs are prevailing and especially in the field of extraction and processing such natural resources as gas, oil, coal and steel. At the end of the paper we have outlined a structure of MNCs and we have pointed out the importance of these companies for the economic development and growth.

Sectoral effects of a world oil-price shock: economy-wide linkages to the agricultural sector. Staff report

International Nuclear Information System (INIS)

Hanson, K.; Robinson, S.; Schluter, G.

1991-10-01

The effects of a world oil price shock on U.S. agriculture are analyzed in an economywide environment. The authors use an input-output model to analyze the direct and indirect cost linkages between energy and other sectors of the economy. Then, to allow sectoral output adjustment and the effects on the U.S. current account, they use the U.S. Department of Agriculture/Economic Research Service Computable General Equilibrium (CGE) model to analyze the sectoral effects under three different macro adjustment scenarios. The effects on agriculture are not limited to the direct and indirect energy costs. Exchange rate or foreign borrowing adjustments to higher oil import costs and government support programs for agriculture also matter

The Russian oil industry and foreign investments: legal aspects and the problem of business risk

International Nuclear Information System (INIS)

Konoplyanik, A.A.

1994-01-01

Despite the considerable potential oil resources in Russia, oil production is currently falling to the extent where, if present trends continue, imports will be necessary in the next few years in order to meet domestic demand. Foreign investment could make an effective contribution to stabilizing the Russian oil industry. The large resource base, favourable production costs, highly skilled workers and the conversion potential of the former defence industries to oil and gas equipment, are considerable attractions for foreign investors. However, for the time being there are many obstacles and uncertainties for oil and gas investment. Among these are political instability, high taxation, export tariffs, the legal environment, bureaucratic difficulties over new project negotiation, and problems related to oil and gas transportation. Current legislative activities which may lead to a better investment environment are described. (UK)

Oil Prices and the Renewable Energy Sector

OpenAIRE

Kyritsis, Evangelos; Serletis, Apostolos

2017-01-01

Energy security, climate change, and growing energy demand issues are moving up on the global political agenda, and contribute to the rapid growth of the renewable energy sector. In this paper we investigate the effects of oil price shocks, and also of uncertainty about oil prices, on the stock returns of clean energy and technology companies. In doing so, we use monthly data that span the period from May 1983 to December 2016, and a bivariate structural VAR model that is modified to accommod...

Recent and future developments of the oil industry in Russian Federation and more particularly in the Republic of Baskortostan; Evolution recente et perspectives d'evolution de l'industrie petroliere en federation de Russie et plus specialement dans la Republique du Bachkortostan

Energy Technology Data Exchange (ETDEWEB)

Garifullin, R

2001-09-01

The objective of the thesis is to analyse the actual situation in the Russian oil industry and to envisage basic ways if its future development. The first chapter evaluates the place of the former USSR and Russia in the world and particularly European systems of energy supply. The three next chapters analyse the currents situation in the sectors of oil exploration and production, logistics and refining in Russia. The fifth chapter aims to figure out the perspectives of the refining industry taking into account the evolution of demand for basic petroleum products and the production capacities. Optimisation of refining and production volumes between the Russian refineries is done by minimising the transportation cost between the refineries and consuming regions by using linear programming. The last chapter analyses the regional impacts of the oil industry taking the Republic of Baskortostan as example. The contribution of the oil industry to regional development is evaluated in the framework of the export base theory using the Input-Output analysis as mathematical tool. (author)

Russian space meets western business practices: Understanding the law in the petroleum sector in Russia

Directory of Open Access Journals (Sweden)

Sander Goes

2017-10-01

Full Text Available This article discusses the relationship between the private international oil company (IOC Royal Dutch Shell and Russia as an oil producing and oil exporting state during a period when oil prices were moving towards unforeseen heights (2005-2007. By examining this dynamic relationship, this study aims to contribute to an understanding of Russia’s discursive and culturally produced history. The history of a state-oil company interaction has shown that the use of legal instruments is a good indicator to determine the nature of the relationship between oil-producing states and IOCs – a relationship that often has been characterized by periods of cooperation or conflict.At the centre of inquiry is how the oil major understands the law in Russia, and in particular the enforcement of the country’s formal written rules during legal conflicts over the development of the Sakhalin-II oil and gas fields (in which Shell until December 2006 controlled a majority stake. After identifying the violations of formal laws, I conclude that Shell understands that the formal rules of the game are subordinate to the unwritten laws of energy politics and in particular the informal demands of contemporary Russian society. The article also illustrates that oil-producing states have the upper hand in conflicts over the development of oil and gas resources.

The Kashagan Field: A Test Case for Kazakhstan's Governance of Its Oil and Gas Sector

Energy Technology Data Exchange (ETDEWEB)

Campaner, N.; Yenikeyeff, S.

2008-07-01

relative strength of the investment consortium and companies participating in the PSA; the extent of KazMunaiGaz participation in the project. - Domestic industrial factors - relationship between IOCs and the state-owned energy company, KazMunaiGaz, including its impact on the project. - Technological factors - the utilization of advanced technology in the project and prospects for transfer of technology; Kazakhstan's reliance on the technology held by IOCs. - Legal factors - the duration, structure and implications of the PSA itself; legal perspectives of the new government energy policy and its impact on the investment climate. - Domino effect and environmental grounds for PSA re-negotiation - the impact of the Russian government's policies towards PSAs on Kazakh government's behaviour. - Regional factors - the project's regional impacts and the Kazakh government's interest in these regions; the export options of these landlocked resources will also be analysed. - Geopolitical factors - the importance of the project within the context of the Kazakh government's geo-strategy and foreign policy. This study is therefore arranged into four main sections: - Kashagan overview: key facts and figures; - Kazakhstan's evolving energy strategy; - Kazakhstan's energy sector: politics and society; - Geopolitics of Kashagan. The first section presents the main characteristics of the giant Kashagan oil field and the consortium that has been developing it since 1997. Kashagan is crucial for the future oil and gas output of Kazakhstan, but represents one of the most complicated oil field developments to date. The second section examines the specifics of the existing Production Sharing Agreements and the key domestic legislative changes affecting Kazakhstan's oil and gas sector. This section will also assess the growing influence of the state in the domestic energy sector and the expanding power of the state-owned national oil and gas company

Two decades of reforms. Appraisal of the financial reforms in the Russian public healthcare sector.

Science.gov (United States)

Gordeev, Vladimir S; Pavlova, Milena; Groot, Wim

2011-10-01

This paper reviews the empirical evidence on the outcomes of the financial reforms in the Russian public healthcare sector. A systematic literature review identified 37 relevant publications that presented empirical evidence on changes in quality, equity, efficiency and sustainability in public healthcare provision due to the Russian public healthcare financial reforms. Evidence suggests that there are substantial inter-regional inequalities across income groups both in terms of financing and access to public healthcare services. There are large efficiency differences between regions, along with inter-regional variations in payment and reimbursement mechanisms. Informal and quasi-formal payments deteriorate access to public healthcare services and undermine the overall financing sustainability. The public healthcare sector is still underfinanced, although the implementation of health insurance gave some premises for future increases of efficiency. Overall, the available empirical data are not sufficient for an evidence-based evaluation of the reforms. More studies on the quality, equity, efficiency and sustainability impact of the reforms are needed. Future reforms should focus on the implementation of cost-efficiency and cost-control mechanisms; provide incentives for better allocation and distribution of resources; tackle problems in equity in access and financing; implement a system of quality controls; and stimulate healthy competition between insurance companies. Copyright © 2010 Elsevier Ireland Ltd. All rights reserved.

Pain without gain? Reviewing the risks and rewards of investing in Russian coal-fired electricity

International Nuclear Information System (INIS)

Gorbacheva, Natalya V.; Sovacool, Benjamin K.

2015-01-01

Highlights: • This study explores the risks and rewards facing coal in Russia. • Rewards include low costs, investment, rural modernization, exports, and innovation. • Risks include development challenges, air pollution and climate change, and policy support. - Abstract: Coal use—and thus investment—is expected to grow considerably in the Russian Federation over the next few decades. Projections suggest that at least $200 billion of investment will be needed to modernize existing coal-fired power plants by 2030, but the bulk of this financing is to come from the private sector or foreign enterprises. This study asks: what are the possible investment risks and rewards of pursuing this expansion of coal in the Russian power sector? To provide an answer, the study uses a mixed methods approach consisting of elite semi-structured interviews and a review of English and Russian peer-reviewed literature. The study provides a brief overview of the Russian electricity sector before discussing five distinct rewards to investing in coal such as low production costs, competitive returns on investment, rural modernization, expansion of exports, and the acceleration of innovation. These benefits however are offset by five risks: inferior performance to investments in oil and gas, development challenges, air pollution and climate change, social degradation from mining, and a tradeoff with existing policies incentivizing renewable energy and energy efficiency. The study concludes by analyzing what these disparate risks and rewards mean for policymakers and energy analysts

A review of the oil and gas sector in Kazakhstan

International Nuclear Information System (INIS)

Kaiser, Mark J.; Pulsipher, Allan G.

2007-01-01

Kazakhstan is endowed with significant oil and gas resources and is expected to become one of the world's top 10 oil producers within the next decade. The high cost of doing business in the country, however, means that Kazakhstan will need to improve its institutional framework to successfully compete for Western investment. A large degree of risk and uncertainty continues to plague the oil and gas sector as the government makes significant changes to the petroleum tax legislation and takes an aggressive approach in 'rebalancing' contractual arrangements with industry. High levels of bureaucracy, regulatory burden, and corruption persist, and economic factors appear to be subordinated increasingly to geopolitical objectives aimed to strengthen relationships with China and Russia. The rapid pace of change and the high degree of uncertainty present significant challenges and risk to foreign investment. The purpose of this paper is to review the oil and gas sector in Kazakhstan and highlight recent developments in the petroleum legislation, business climate and government policy

Economic implications of oil crisis and transport sector in India

Energy Technology Data Exchange (ETDEWEB)

Pathak, M G

1980-01-01

Efforts towards fuel economy in the transport sector have heavily stressed engineering aspects of the automobile. Better roads and better traffic planning too, go a long way in conserving energy. The paper outlines the economic implementations of the hike in oil prices with reference to the transportation sector.

Russian Oil and Natural Gas: Strategic Culture and Security Implications of European Dependence

National Research Council Canada - National Science Library

Phillips, William M

2007-01-01

.... The third section investigates the importance of revenues that Russia receives from consumption of oil and natural gas exports to Europe on their Gross National Product and economic growth for the future. By understanding Russia's strategic culture and the interdependence of European demand and Russian supply, conclusions are made that determine the threat, risk, and circumstances that Russia will deny energy resources to European countries.

A system dynamic model for production and consumption policy in Iran oil and gas sector

International Nuclear Information System (INIS)

Kiani, Behdad; Ali Pourfakhraei, Mohammad

2010-01-01

A system dynamic model is presented, which considers the feedback between supply and demand and oil revenue of the existing system in Iran considering different sectors of the economy. Also the export of the oil surplus and the injection of the gas surplus into the oil reservoirs are seen in the model by establishing a balance between supply and demand. In this model the counter-effects and existing system feedbacks between supply and demand and oil revenue can be seen considering different sectors of the economy. As a result, the effects of oil and gas policies in different scenarios for different sectors of Iran's economy together with the counter-effects of energy consumption and oil revenue are examined. Three scenarios, which show the worst, base and ideal cases, are considered to find future trends of major variables such as seasonal gas consumption in power plants, seasonal injected gas in oil reservoirs, economic growth in the industrial sector, oil consumption in the transportation sector, industrial gas consumption and exported gas. For example, it is shown that the exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios and export revenues can reach up to $500 billion by 2025. - Research Highlights: →A system dynamic model analyzing the feedback between supply, demand and oil revenue is built. →The export of the oil surplus and the injection of the gas surplus into oil reservoirs are modeled. →Effects of oil and gas policies in different scenarios are examined for Iran's economy. →Counter-effects of energy consumption and oil revenue are examined. →Exported gas will reach between 500 and 620 million cubic-meter per day in different scenarios. →Export revenues can reach up to $500 billion by 2025.

Panorama 2016 - The revival of mergers and acquisitions in the oil and gas sector

International Nuclear Information System (INIS)

Fosse, Florian; Hache, Emmanuel; Portenart, Philomene

2015-12-01

The oil and gas sector remains fertile ground for mergers and acquisitions (M and A). This sector represented between 5% and 15% of total transactions from 2008 to 2014. Since 2008, M and A transactions in the sector have been dominated by a triad made up of a region (North America), a business segment (upstream oil and gas) and a type of key player (independent operators). (authors)

Modeling the Construction Sector and Oil Prices toward the Growth of the Nigerian Economy: An Econometric Approach

Directory of Open Access Journals (Sweden)

Peter Uchenna Okoye

2018-03-01

Full Text Available This study empirically examined the interrelationship between the construction sector, oil prices, and the actual gross domestic product (GDP in Nigeria. Using annual economic data from the National Bureau of Statistics (NBS, the OPEC Annual Statistical Bulletin, and econometric statistics, we found that although very strong positive and significant correlations exist between the construction sector output and total GDP output (0.934, the construction sector output and oil prices (0.856, and the total GDP output and oil prices (0.822, these linear relationships only exist for a short time. However, these relationships do not result in any direct causal influence on each other, except for the uni-directional Granger causal relationship that flows from the total GDP output to the construction sector output, which implies that economic activities of other major non-oil sectors stimulate the construction activities in Nigeria. Thus, we argue that neither the construction sector nor the oil prices directly influence the aggregate economy; rather, the other sectors’ activities stimulate the construction sector in Nigeria. Two policy recommendations for achieving the Federal Government’s medium term Economic Recovery and Growth Plan (ERGP are suggested: (1 the Nigerian government should de-emphasize overreliance on the oil sector through policy readjustment and (2 an urgent need for economic diversification in Nigeria exists, since we revealed that an increase in the aggregate GDP output is due to the activities of other non-oil sectors.

Development of the institutional framework of interaction with engineering UFD Russian oil and gas complex

Directory of Open Access Journals (Sweden)

S. Y. Yurpalov

2005-03-01

Full Text Available The trends developing in the Russian market of equipment for the oil and gas industry. The main reasons for the decline in production in the oil and gas engineering. The estimation of the negative trends of decrease in volumes of exploration works, the institutional environment of economic activity. The directions of cooperation of engineering enterprises of the Urals Federal District, serving the energy industry, with consumers. A set of measures to strengthen cooperation with Innovative Energy Engineering at the various levels of state regulation.

Reforming the Russian electricity market

International Nuclear Information System (INIS)

Valladares, Mayra Rodriguez

1999-08-01

Contains Executive Summary and Chapters on: Overview; Russian energy markets; Evolution of the power sector; The electricity market; Regulation and proposed reforms; Politics in the power sector; Economics of the power sector; Regional differences; Foreign involvement; Valuation and company management; Conclusions. (Author)

Serbian oil sector: A new energy policy regulatory framework and development strategies

International Nuclear Information System (INIS)

Karovic Maricic, Vesna; Danilovic, Dusan; Lekovic, Branko

2012-01-01

Serbia has established a great part of new legislative and institutional framework as a basis for all energy sub-sectors' development in compliance with EU energy acquis. Main objectives of Serbian energy policy outlined in the new Energy Law are focused to increasing the energy supply security, energy efficiency, competitiveness of the energy market, use of renewable energy sources and environmental protection. Further steps of Serbia toward full EU membership concerning the new energy policy regulatory framework involve implementing and enforcing legislation. Besides considering the issue of Serbian energy policy and degree of its framework's alignment with the EU acquis, this paper provides an overview of new development strategies in the oil sector. The aim of Gazprom neft, a majority owner of the Petroleum industry of Serbia, is to increase crude oil production to 3 million tonnes, refining and sales volume of petroleum products to 5 million tonnes by 2020. Strategic development projects in crude oil and petroleum products transportation are: petroleum product pipeline construction in Serbia and Pan-European oil pipeline. The basic prerequisites for oil supply security, regarding the future high dependency of Serbian economy on imported oil, are establishment of the emergency oil stocks and diversification of supply sources. - Highlight: ► New energy policy regulatory framework significantly complied with EU acquis. ► Full EU membership requires implementing and enforcing new energy legislation. ► NIS-Gazpromneft has defined ambitious oil sector's development programmes to 2020. ► Supply security requires mandatory oil stocks and supply source diversification.

An empirically tractable model of optimal oil spills prevention in Russian sea harbours

Energy Technology Data Exchange (ETDEWEB)

Deissenberg, C. [CEFI-CNRS, Les Milles (France); Gurman, V.; Tsirlin, A. [RAS, Program Systems Inst., Pereslavl-Zalessky (Russian Federation); Ryumina, E. [Russian Academy of Sciences, Moscow (Russian Federation). Inst. of Economic Market Problems

2001-07-01

Based on previous theoretical work by Gottinger (1997, 1998), we propose a simple model of optimal monitoring of oil-related activities in harbour areas that is suitable for empirical estimation within the Russian-Ukrainian context, in spite of the poor availability of data in these countries. Specifically, the model indicates how to best allocate at the steady state a given monitoring budget between different monitoring activities. An approximate analytical solution to the optimization problem is derived, and a simple procedure for estimating the model on the basis of the actually available data is suggested. An application using data obtained for several harbours of the Black and Baltic Seas is given. It suggests that the current Russian monitoring practice could be much improved by better allocating the available monitoring resources. (Author)

E-government factors to reduce administrative and finance corruption in Arab countries: Case study Iraqi oil sector

Science.gov (United States)

Mohammed, M. A.; Eman, Y.; Hussein, A. H.; Hasson, A. R.

2015-12-01

Arab countries face the corruption issues in its several public organizations. The corruption in these countries is considered as the main challenge. The oil sector is one of the public sectors that have huge level of corruption. However, the Iraqi economy had become dependable on oil sector daring the last three decades, and on the contrary, of what other oil countries did. The capital is considered as one of the essential factor for economic development. The revenues of oil exports will stay the essential source for economic development in Iraq in the future in order to reduce being dependable on oil. Since the beginning of the 3rd thousands, the world witnessed great rise in the demand on oil, but the Iraqi exports of crude oil come to be less than its similarities in the seventeenths of last century. So our oil sector is still in need of deep study. This study focuses on technological technique that can make huge decrease for corruption in oil sector in Iraq. However, e-government is considered as the best techniques that can decrease the corruption. Thus, this study bases on challenges that effect on build successful e-government project in Iraqi oil industry.

Unknown Russian giant

International Nuclear Information System (INIS)

Ross, Priscilla.

1996-01-01

The present position and future potential of the Russian oil company Tatneft are assessed. Tatneft, the eighteenth largest oil company in the world, has 85 oil fields and over 20,700 production wells. In 1995, it increased its production by 6% to 504,000bpd and its crude oil exports outside Russia were 213,000bpd. The company forms the basis of the oil industry in the semi-autonomous republic of Tatarstan. Tafneft became a joint stock company in May 1994 with the government of Tatarstan as the largest shareholder with a 46% stake. Although Tafneft produces far more crude than Conoco or YPF, its market capitalisation per barrel of production is only 5% of these companies. Its long-term future lies in successfully increasing production and enhancing financial performance. The former is being addressed through enhanced oil recovery methods and various joint ventures are being entered into with western partners in order to tap foreign expertise and to finance modern equipment. The achievement of the latter requires an improvement towards world prices of the price for Russian domestic crude and a reduction in the tax burden away from revenue towards a profits basis. (UK)

A review of the oil and gas sector in Kazakhstan

Energy Technology Data Exchange (ETDEWEB)

Kaiser, M.J.; Pulsipher, A.G. [Louisiana State University, Baton Rouge, LA (United States). Center for Energy Studies

2007-02-15

Kazakhstan is endowed with significant oil and gas resources and is expected to become one of the world's top 10 oil producers within the next decade. The high cost of doing business in the country, however, means that Kazakhstan will need to improve its institutional framework to successfully compete for Western investment. A large degree of risk and uncertainty continues to plague the oil and gas sector as the government makes significant changes to the petroleum tax legislation and takes an aggressive approach in ''rebalancing'' contractual arrangements with industry. High levels of bureaucracy, regulatory burden, and corruption persist, and economic factors appear to be subordinated increasingly to geopolitical objectives aimed to strengthen relationships with China and Russia. The rapid pace of change and the high degree of uncertainty present significant challenges and risk to foreign investment. The purpose of this paper is to review the oil and gas sector in Kazakhstan and highlight recent developments in the petroleum legislation, business climate and government policy. (author)

Restructuring the arrangements between government and state enterprises in the oil and mining sectors

International Nuclear Information System (INIS)

Aharoni, Y.; Ascher, W.

1998-01-01

The article analyses the relationship between governments and state-owned enterprises (SOEs) in the oil and minerals sectors. The case is made that SOEs in these sectors have distinct peculiarities of behaviour, and are beset with specific difficulties in addition to typical problems common to SOEs in all sectors. The reasons for the uniqueness of SOEs in the oil and minerals sector stem mainly from their large size, their capacity to earn and borrow foreign currency, their strategic importance and other factors. The key to understanding and reforming state oil and mining enterprises lies in recognizing that their sub-optimal behaviour is often caused by conflicts within government regarding control of the SOE's financial flows, including the natural resource rent. These conflicts are frequently aggravated by the inappropriateness of fiscal arrangements between these SOEs and their governments. Guidelines for reforming these arrangements are offered, which, in some respects, differ considerably from those applicable to conventional state-owned enterprises outside the natural resources sector. (author)

Russian Capital in Latvia: Trends and Perspectives

Directory of Open Access Journals (Sweden)

N A Volgina

2015-12-01

Full Text Available The article deals the issue of the positions of Russian capital in Latvian market. The paper aims to estimate the volume and dynamics of Russian capital inflows into Latvia in compliance with Russian economic interests; to identify key sectors of Latvian economy that Russian capital is interested to invest in; to systemize information concerning Russian firms investing in Latvia; to assess the role of Russian capital in Latvian economy in comparison with other foreign investors; to propose author’s view on challenges and perspectives of Latvian-Russian investment cooperation in the situation of economic sanctions and geo-political conflict in east Ukraine. The author underlines that at the end of 2013, investments of Russian business to Latvia constituted about 5.0% of the total FDI stock and by that time Russia was the 7th largest investor with 0.5 bln euro of capital invested. The main sectors of Russian interests in Latvia are - gas supply, transport communications (transit corridors, banking and real estate. The article concludes that though the future of Russian-Latvian economic relations in the short-run is on a substantial pressure of geopolitical factors, the economic interests in mutual investment relations will prevail in the long-run perspectives.

Economic Efficiency of Innovative Materials for Sectors of Economy

Directory of Open Access Journals (Sweden)

Miroshnikova Tatyana

2016-01-01

Full Text Available The paper proposes an approach to the assessment of the economic efficiency of innovative anti-corrosion coatings for sectors of the national economy of the Russia on the basis of a synthesis of strategic sectoral and cost analysis. According to the authors, a comparative analysis of composite polymeric anticorrosion protecting coatings with similar products, estimating of direct and indirect economic effect and prognosis of implementation, forms a deeper understanding of the role of innovative technologies in the Russian state development of import substitution, the investment attractiveness of Russian industries in the new part technologies, applied research activities of private companies. Metal consumption sectors of the economy were chosen as an object of research, as they are characterized by the use of the following products: industrial construction and reconstruction, nuclear and thermal power, chemical, oil and gas, utilities, food processing, automotive, shipbuilding, aviation and rocket science, other industry. Basic modeling of implementation of anticorrosion protecting coatings in industrial enterprises was carried out on the basis of generating energy enterprises as one of the main end-users of anti-corrosive materials that also issue accurate statements.

New ventures shape up for Russian projects

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that the foreign presence in the Soviet oil industry is destined to grow as a result of ventures by Canadian, British, and French companies. Gulf Canada Resources Ltd., Calgary, last week disclosed the government of the Russian republic has granted approvals necessary to enable Gulf Canada and British Gas plc's KomiArctic Oil joint venture to begin production operations immediately. The approvals follow the registration of Komi Arctic Oil by the Minister of Finance of the Russian Federation in November, at which time it became a legally constituted independent company in Russia. Canadian Fracmaster Ltd., also of Calgary, disclosed it plans to spend $75-100 million on three new joint venture production deals in the Russian republic in 1992

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

International Nuclear Information System (INIS)

Thurber, Mark C.; Hults, David R.; Heller, Patrick R.P.

2011-01-01

Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct policy; and a regulatory body to provide oversight and technical expertise. Norway's relative success in managing its hydrocarbons has prompted development institutions to consider whether this 'Norwegian Model' of separated government functions should be recommended to other oil-producing countries. By studying ten countries that have used widely different approaches in administering their hydrocarbon sectors, we conclude that separation of functions is not a prerequisite to successful oil sector development. Countries where separation of functions has worked are characterized by the combination of high institutional capacity and robust political competition. Unchallenged leaders often appear able to adequately discharge commercial and policy/regulatory functions using the same entity, although this approach may not be robust against political changes. Where institutional capacity is lacking, better outcomes may result from consolidating commercial, policy, and regulatory functions until such capacity has further developed. Countries with vibrant political competition but limited institutional capacity pose the most significant challenge for oil sector reform: Unitary control over the sector is impossible but separation of functions is often difficult to implement. - Highlights: → The 'Norwegian Model' separates commercial, policy, and regulatory functions in oil. → We study ten oil-producing countries to assess the separation of functions model. → The model is useful where there is institutional capacity and political competition. → Consolidation of functions can work better when political power is concentrated. → Countries with low capacity may also be better off consolidating functions.

Prospects seen in problems of C.I.S. downstream sector

International Nuclear Information System (INIS)

Phillips, S.; Morgan, T.

1992-01-01

For good reasons the attention of Russian authorities and western investors has until now focused on problems of the upstream oil sector in the Commonwealth of Independent States and the Sharp fall in output since the late 1980s. This article attempts to give a more balanced view of the industry by drawing attention to the problems and opportunities in the refining and distribution sector, where western companies are now beginning to invest, and comparing the investment opportunities with those in the upstream. It concludes that given recent experience of the high cost and practical difficulties of increasing crude output, it would make more commercial and economic sense to direct a higher proportion of the industry's investment into improving the effectiveness of the downstream sector

Symmetric and asymmetric US sector return volatilities in presence of oil, financial and economic risks

International Nuclear Information System (INIS)

Hammoudeh, Shawkat; Yuan, Yuan; Chiang, Thomas; Nandha, Mohan

2010-01-01

This paper examines the impacts of world, country, and sector-specific variables on the stock return volatility of twenty-seven US sectors in the short- and long-run, accounting for the asymmetric shocks based on GARCH models. In the standard GARCH model the two world variables, oil and Morgan Stanley Capital Index (MSCI), have differing impacts on the US equity sector returns' volatility, with oil price dampening it while MSCI heightening it for most sectors. This result underlines the need for hedging more against world capital market risk relative to oil risk which is probably hedged by many sectors. The world and country factors' impacts are not as pervasive across the board, compared with the sector-specific impacts of the P/B ratio and trading volume which affect almost all sectors. Increases in the P/B ratio would reduce the aggregate volatility, while increases in the trading volume would heighten it for all sectors. Asymmetry of factor impacts on volatility is also found for most sectors. Most of the GARCH factor results are confirmed in the CGARCH model with the exception of the impact of interest rate on the short-lived transitory volatility. Finally, interesting econometric results on the inclusion or exclusion of trading volumes are discussed.

Budget deficit remedies and their impact on the non-oil sectors of an oil-exporting country: the case of Kuwait

International Nuclear Information System (INIS)

Eltony, M.N.

1998-01-01

A model for the non-oil production side of the Kuwaiti economy was developed and estimated. The model, then, was simulated according to various scenarios designed to eliminate the budget deficit by the year 2000, in order to examine the effect on the non-oil sector of the economy. The results indicate that, in terms of its impact on non-oil GDP, the extreme case scenario is harsh, bringing down the level of non-oil GDP by more than 20% by the year 2000 from its level in 1993. The impact on the budget deficit may be very positive, but non-oil production and consumption will decline very rapidly, creating widespread hardship across all economic sectors. The results suggest a better option lies in adopting either of two intermediate case scenarios. While each of these will also cause a decline in non-oil GDP, it will not be to the extent caused by the extreme case scenario

Profile: Mistress of the mysteries of Russian oil and Faberge egg

Energy Technology Data Exchange (ETDEWEB)

Lorenz, A.

2002-10-07

A book, entitled 'The Russian oil economy', co-authored by Jennifer Considine and William A. Kerr, is reviewed. This singularly instructive book, based on Considine's doctoral dissertation and published by Edward Elger Publishing, Cheltenham, is intended as essential reading for anyone planning to invest in the Russian petroleum industry. The book is also an example of how will-power and discipline will overcome personal tragedy. It is based on a thorough study of how Russia's economy descended to its current decrepit state. The conclusion reached from that study is that the Russian petroleum industry has never been guided by market forces as they are understood in the West. Rather, the Russian industry has been shaped by historical forces and therefore cannot be approached from a market economy perspective. Accordingly, the reader is guided through the turbulent history of the Soviet era, focusing on economic policies affecting the petroleum industry, the forces that were brought to bear on the industry and that guided its development under each of the presidents and party chairmen, Stalin, Kruschev, Brezhnev, Yeltsin. The authors capture the ineptitude -- but also the drama and the fleeting moments of brilliance -- that characterize Russia's petroleum industry, and through painstaking analysis arrive at the conclusion that even today the Russian Federation is not a market economy, and may never become one. As a sideline to the main theme, but at the same time an integral part of the forces that shaped Considine's own personal development, runs the story of her difficult youth, the struggle to continue her studies while looking after her gravely ill mother and while trying also to be part of an investigation of the disappearance of a $3 million Faberge egg from her mother's home, allegedly stolen by a trusted friend. The mystery of the Faberge egg is still unresolved, but Considine completed her studies, the book has been

Petroleum privatization and institutional environment: the Russian example

International Nuclear Information System (INIS)

Locarelli, C.; Finon, D.

2003-09-01

This paper treats of the reform of the Russian hydrocarbons industry using an institutionalistic approach. The theoretical objective of the privatization is the installation of a growth scheme based on important productivity gains, through large scale re-structuration, investments for the reproduction of oil and gas reserves, and big infrastructures development. The choice of this sector is justified because it represents an extreme case of inadequateness of the measures preconized by the Washington consensus with respect to the institutional environment. Stress has been put on the modification of the property rights of companies. The introduction of market institutions in a transition economy has led to an opportunistic adaptation of the behaviour of private and government actors. There is a clear correlation between the insecurity of property rights in general and the abundance of exploitable and exportable natural resources. Then, the privatization and the limited performance of the hydrocarbons sector in Russia is analyzed in terms of efficiency and long-term strategy, essential for a resources industry to make reserves. The unexpected results of this privatization are explained using an analysis of the market institutions applied to the very specific institutional environment of the Russian economy. Finally, the inadequateness of these institutions with the initial informal institutions has led to adaptations fully dependent of the institutional path with the necessity of preserving a minimum inter-industrial consistency. (J.S.)

Breaking the Ice: Potential U.S.-Russian Maritime Conflict in the Arctic

Science.gov (United States)

2012-12-01

Tax and Investment Center Bulletin edited by Diana Nepolitano, “Ministry of Finance of the Russian Federation Expert Meeting on Oil and Gas Taxation ...msg_i/140//p1112021_russian_budget__oil_v3.pdf?941. Also, the International Tax and Investment Center Bulletin edited by Diana Nepolitano, “Ministry...of Finance of the Russian Federation Expert Meeting on Oil and Gas Taxation ,” ITIC Bulletin Special Edition, July 2011, http://www.iea.org/work/2011

ERP System Implementation: An Oil and Gas Exploration Sector Perspective

Science.gov (United States)

Mishra, Alok; Mishra, Deepti

Enterprise Resource Planning (ERP) systems provide integration and optimization of various business processes which leads to improved planning and decision quality, smoother coordination between business units resulting in higher efficiency, and quicker response time to customer demands and inquiries. This paper reports challenges, opportunities and outcome of ERP implementation in Oil & Gas exploration sector. This study will facilitate in understanding transition, constraints and implementation of ERP in this sector and also provide guidelines from lessons learned in this regard.

Russian JV workovers proliferating

Energy Technology Data Exchange (ETDEWEB)

1992-11-09

Well remediation is gathering momentum in Russia as more companies apply western technology to idle wells. Western petroleum technology is being widely hailed as the best way to halt the decline in crude oil production in Russia and other members of the former Soviet Union. More than 20,000 Russian wells are estimated idle, many of which observers say could be returned to service with western know-how. Progress has been outlined on two significant projects in the Komi and Chechen autonomous republics of Russia: KomiQuest Ltd., a joint venture of an international group of companies and Komi republic agencies, has used a Russian rig and crew to work over four wells and started producing oil in one of four Vozey area oil fields in the Komi republic. A Chechen republic delegation led by President Dzhahar Jusyavitch Dudaev last month in Houston let a 2 year contract worth about $100 million to Enforce Energy Corp., San Antonio, covering workover, drilling, and other services in two oil fields north of the Chechen capital of Grozny.

Oil prices, stock markets and portfolio investment. Evidence from sector analysis in Europe over the last decade

International Nuclear Information System (INIS)

Hedi Arouri, Mohamed El; Khuong Nguyen, Duc

2010-01-01

This article extends the understanding of oil-stock market relationships over the last turbulent decade. Unlike previous empirical investigations, which have largely focused on broad-based market indices (national and/or regional indices), we examine short-term linkages in the aggregate as well as sector by sector levels in Europe using different econometric techniques. Our main findings suggest that the reactions of stock returns to oil price changes differ greatly depending on the activity sector. In the out-of-sample analysis we show that introducing oil asset into a diversified portfolio of stocks allows to significantly improve its risk-return characteristics. (author)

Russian refining shows signs of revival, needs investment

International Nuclear Information System (INIS)

Plotnikov, V.S.; Avgerinos, G.F.; Dvorets, N.L.; Tyukov, V.M.

1996-01-01

The Russian refining industry appears ready for a comeback but needs investment from abroad. After 7 years of annual decline, output of petroleum products in the former Soviet Union (FSU), most of it from Russian refineries, is estimated to have dropped marginally last year. And an increase is possible this year. In 1994, Russia's refineries, which account for two thirds of total FSU distillation capacity, yielded 176.2 million metric tons of oil products, compared with 214.1 million tons in 1993. Despite the precipitous decline in refinery production, net FSU exports oil refined products were down only 5% in 1994 at about 51.3 million tons. This occurred despite the decline in refinery production because of sizable contraction in oil consumption in Russian and the other republics. Russia, like the rest of the FSU, needs more than loans to produce oil or restore wells. According to the Ministries of Economics and Fuels and Energy, 90% of Russian enterprises need foreign capital. Investments to rebuild refining, gas processing, and petrochemicals are necessary, as are funds for modern technologies and equipment. Capital also is needed for extraction of resources that are remotely located or difficult to produce. In addition to providing a legal structure that provides a solid basis for investment, Russian must promote competition, change its tax system to raise revenue but allow companies to retain profits, and remove disincentives to investment for domestic and foreign enterprises

Automation and control trends in the upstream sector of the oil industry

Energy Technology Data Exchange (ETDEWEB)

Plucenio, Agustinho; Pagano, Daniel J. [Universidade Federal de Santa Catarina (UFSC), Florianopolis, SC (Brazil). Programa de Recursos Humanos da ANP em Automacao, Controle e Instrumentacao para a Industria do Petroleo e Gas, PRH-34

2004-07-01

The need to continuously improve the aspects of Health, Safety and Environment to operators, installation's security, optimization of oil reservoir recovery in wells operating with different artificial lift methods, subject to different secondary recovery techniques, has motivated the development of technologies in the automation and control for the upstream sector of the oil industry. While the application of control and automation techniques is well established in the downstream sector of the oil industry that is not the case in the downstream sector. One tendency in this sector is the utilization of control via Field bus Networks. This technology uses equipment that communicate with each other in a two wire digital network and can be programmed to execute function blocks algorithms designed to perform a designed control strategy. The most noticeable benefits are the improvements in the process performance and the equipment reusability and interoperability. Proprietary solutions can be replaced by systems composed of equipment supplied by different manufacturers connected in the same network. These equipment operate according to a strategy designed by automation and control engineers under the supervision of professionals working in computer terminals located in different company departments. Other gains are a better understanding about the industry processes, application of optimization techniques, fault detection, equipment maintenance follow-up, and improved operators working conditions and workers qualification. Other tendencies are: permanent well monitoring. Either with installation of down hole sensors based on fiber grating sensors or surface sensors using embedded electronic processors. Developments of instrumentation technology for low cost multiphase flow measurements. Application of control techniques for flow regime control and optimization of reservoir recovery through better identification, optimization and Model Based Predictive Control

Oil sector developments: Russia, Azerbaijan and Central Asia

International Nuclear Information System (INIS)

Ebel, R.E.

1997-01-01

The level of resource development in Russia, Azerbaijan and in the countries of Central Asia was discussed. The resources of crude oil and natural gas in the area are considered more than sufficient to support any reasonable expansion for the foreseeable future and this should mean higher exportable surpluses. The collapse of the Soviet Union resulted in the emergence of 15 sovereign and independent nations, collectively known as the Commonwealth of Independent States (CIS). The end of the cold war opened the CIS's oil sector to foreign investors. However, access to these markets has been blocked by the physical isolation of Azerbaijan and Central Asia. According to forecasters, by the year 2005, the annual oil production of the CIS shall reach 7.9 million barrels per day, approximately 11.3 per cent higher than in 1996. Natural gas production is expected to increase by about 30 per cent to 900 billion cubic meters per year. Western capital will be key to the future of resource development in Azerbaijan, Kazakhstan, and Turkmenistan. It was suggested that by 2010, the exportable oil from the Caspian Sea and Central Asia will represent 3 to 4 per cent of world oil supply. This projection emphasizes the fact that this new oil would be in addition to, and not in place of oil from the Persian Gulf. Some of the economic and political problems that have had a delaying effect on the development of pipelines through these regions were also reviewed

Report on the oil and gas sector in Ecuador

International Nuclear Information System (INIS)

1990-01-01

After a brief introduction on the economic and political situation in Ecuador, the state of the country's oil and gas sector is reviewed. Before 1967, all oil came from wells along the Pacific coast, but with discoveries in the Amazon Basin, the opening of the trans-Ecuador pipeline, and creation of the state oil company CEPE (renamed Petroecuador in 1990) by the early 1970s, a boom in the industry occurred. Current proven reserves stand at 1.2-1.5 billion bbl of oil and 140 billion ft 3 of natural gas. Current production is generally around 300,000 bbl/d, mostly from the Petroecuador-Texaco consortium block in the Amazon Basin. Petroecuador now operates the main oil export pipeline and has subsidiaries responsible for exploration and production, refining, and the marketing of petroleum and its derivatives. In recent years Petroecuador has imported about $60 million worth of goods annually, offering a market opportunity for foreign companies supplying goods and services to the oil and gas industry. Market opportunities of interest to Canadian companies are outlined, local procedures for doing business are presented, and lists of Canadian and Ecuadorian contacts are provided. 3 figs., 5 tabs

Exporting the 'Norwegian Model': The effect of administrative design on oil sector performance

Energy Technology Data Exchange (ETDEWEB)

Thurber, Mark C., E-mail: mark.thurber@stanford.edu [Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305 (United States); Hults, David R. [Program on Energy and Sustainable Development, Stanford University, Stanford, CA 94305 (United States); Heller, Patrick R.P. [Revenue Watch Institute, New York, NY 10019 (United States)

2011-09-15

Norway has administered its petroleum resources using three distinct government bodies: a national oil company engaged in commercial hydrocarbon operations; a government ministry to direct policy; and a regulatory body to provide oversight and technical expertise. Norway's relative success in managing its hydrocarbons has prompted development institutions to consider whether this 'Norwegian Model' of separated government functions should be recommended to other oil-producing countries. By studying ten countries that have used widely different approaches in administering their hydrocarbon sectors, we conclude that separation of functions is not a prerequisite to successful oil sector development. Countries where separation of functions has worked are characterized by the combination of high institutional capacity and robust political competition. Unchallenged leaders often appear able to adequately discharge commercial and policy/regulatory functions using the same entity, although this approach may not be robust against political changes. Where institutional capacity is lacking, better outcomes may result from consolidating commercial, policy, and regulatory functions until such capacity has further developed. Countries with vibrant political competition but limited institutional capacity pose the most significant challenge for oil sector reform: Unitary control over the sector is impossible but separation of functions is often difficult to implement. - Highlights: > The 'Norwegian Model' separates commercial, policy, and regulatory functions in oil. > We study ten oil-producing countries to assess the separation of functions model. > The model is useful where there is institutional capacity and political competition. > Consolidation of functions can work better when political power is concentrated. > Countries with low capacity may also be better off consolidating functions.

Oil and gas investment projects in the frame of the Kyoto protocol flexibility mechanisms in Russia; Projets d'investissement dans l'industrie petroliere et gaziere russe dans le cadre des mecanismes de flexibilite du protocole de Kyoto

Energy Technology Data Exchange (ETDEWEB)

Platonova, A

2005-02-01

This PhD thesis evaluates the perspectives of the oil and gas investment projects in the frame of the Joint Implementation mechanism in Russia. From the energy point of view, the relationships between climate policy and energy systems are described and the main sources of GHG emissions reductions in the Russian oil and gas sector are evaluated. From the environmental point of view, the JI is firstly considered as an economic instrument of the international climate agreements. Secondly, are demonstrated the characteristics of the JI perturbing his efficiency and his capacity to ensure the environmental quality of projects. Based on the specificities of Russian climate policy, two scenarios of its development are proposed to estimate the perspectives of JI in the oil and gas sector in the middle term. (author)

Oil and gas investment projects in the frame of the Kyoto protocol flexibility mechanisms in Russia; Projets d'investissement dans l'industrie petroliere et gaziere russe dans le cadre des mecanismes de flexibilite du protocole de Kyoto

Energy Technology Data Exchange (ETDEWEB)

Platonova, A

2005-02-01

This PhD thesis evaluates the perspectives of the oil and gas investment projects in the frame of the Joint Implementation mechanism in Russia. From the energy point of view, the relationships between climate policy and energy systems are described and the main sources of GHG emissions reductions in the Russian oil and gas sector are evaluated. From the environmental point of view, the JI is firstly considered as an economic instrument of the international climate agreements. Secondly, are demonstrated the characteristics of the JI perturbing his efficiency and his capacity to ensure the environmental quality of projects. Based on the specificities of Russian climate policy, two scenarios of its development are proposed to estimate the perspectives of JI in the oil and gas sector in the middle term. (author)

Oil's role in free trade agreement crux of Mexico's petroleum sector dilemma

International Nuclear Information System (INIS)

Anon.

1992-01-01

Mexico's president Salinas' efforts at privatization have not yet touched Mexico's most valuable industry, oil. That remains under control of state owned Petroleos Mexicanos. Pemex and Mexico's huge oil union have come under increasing criticism for alleged abuses of power. In addition, controversy rages as to the true extent of Mexican oil resources and whether Pemex has the wherewithal to meet domestic demand and sustain oil exports. Critics also contend opening Mexico's oil sector to foreign participation would introduce new efficiencies and cost cutting measures in the cash strapped state oil industry. This paper reports that at the center of the controversy is the proposed Free Trade Agreement among Mexico, the U.S., and Canada, pushed strongly by Salinas. Oil's role in the FTA may prove the pact's main sticking point

The importance of the oil sector in the national economy

International Nuclear Information System (INIS)

Montenegro Santiago

2001-01-01

The paper is about the oil sector in Colombia as for their growing importance in the economy of the country in the last years, leaving of the base that this strategic sector for the economy for its high participation in the gross internal product, generates a very high percentage of the total exports and because it is also a very important source of fiscal resources for the national government as for the sectional governments. This writing is centered fundamentally in the analysis related with the production and export of raw petroleum

Oil Extraction and Benefit Sharing in an Illiberal Context: The Nenets and Komi-Izhemtsi Indigenous Peoples in the Russian Arctic

NARCIS (Netherlands)

Tysyachnyouk, M.; Henry, L.A.; Lamers, M.A.J.; Tatenhove, van J.P.M.

2018-01-01

How can indigenous communities in illiberal regimes benefit from oil production? This paper compares the experience of two indigenous peoples in the Russian Arctic, the Nenets and the Komi-Izhemtsi, in their quest for environmental protection and the development of benefit-sharing arrangements with

Planning Oil Prices In The World Market And Preventive Policies In Energy Sector Of Iran

International Nuclear Information System (INIS)

Raees Dana, Fariborz

1999-01-01

The planning of oil prices in the world can not be analyzed by means of the market-competition theory or the game theory. The current prices seem to be influenced greatly by large energy consuming industries of developed countries, oil producing corporations and cartels, and oil productions outside of OPEC. There is a lack of necessary long term policies and planning so that drastic changes in market prices can be avoided. The goal of this paper is to suggest new policies by means of discussing in following issues: 1.Initiating some form of a financial support for OPEC with the necessary follow up. 2. Utilization of oil income in sectors organized to have the least susceptibility against income loss and the lowest impact on other sectors. 3. Reducing of oil production level in the local and global framework and starting in industrialization process. 4. Replacement of oil with natural gas at a faster rate. 5. improving the oil industry infrastructure for lowering production costs and increasing variety in products in light of country economic policies and occupational strategies. 6. Imposing self-reliance on development of oil-production technology

Ghana and the Oil Sector: Beyond the Resource Curse?

International Nuclear Information System (INIS)

Pellerin, Mathieu

2015-09-01

Four years after the Jubilee block went into production, we can make an initial assessment of the governance of Ghana's oil resources. In terms of its institutional structure, Ghana is seen as a model for the entire continent. This structure is certainly not an empty shell and serves as an effective regulator for this strategic sector and, singularly, for the use of oil revenues. Although this framework clearly has its limitations, as highlighted in this paper, the balance sheet is a positive one and there have been notable improvements since 2011. The relative success of this governance is a direct consequence of Ghana's political maturity. This is evidenced by the preeminent role played by Parliament and civil society in formulating, implementing, monitoring and continuously improving this framework for governance. Conditions seem to be reunited for Ghana to transform its oil potential into opportunities for success. However, this is not the case, and this is due to economic obstacles as much as a Ghanaian sense of disillusion concerning oil exploitation and the benefits thereof. (author)

Russian-Iranian relations in the Caspian Region: results and prospects

Directory of Open Access Journals (Sweden)

Sergey Sergeevich Zhiltcov

2016-12-01

Full Text Available The collapse of the USSR affected the Russian-Iranian relations, governed by bilateral agreements during several centuries. The emergence of “new” independent states in the region, such as Azerbaijan, Kazakhstan and Turkmenistan, changed the geopolitical situation and put a question of the legal status of the Caspian Sea. Russian-Persian and Soviet-Iranian agreements had a centuries-old tradition but they did not draw up a legal status of the Caspian Sea or clarify the procedures of subsursafe management. Those agreements governed only laid down rules of navigation and fishery, without touching the issues of oil and gas field exploration, production and transportation, including pipelines on the floor of the Caspian Sea. It did not fit political and economic interests of Azerbaijan, Kazakhstan and Turkmenistan and stimulate them to unilateral actions. Russia and Iran in turn insisted on saving the former rules and agreements. The absence of Convention on legal status of the Caspian Sea introduced uncertainty in the principles of oil and gas development and export, pushing Caspian countries toward making unilateral decisions. Russia and Iran kept close positions, insisting on following the former agreements. The other Caspian countries did not support that position and adopted a policy aimed at division of the Caspian Sea and asserting a certain control over its hydrocarbons. Close Russian and Iranian positions on legal status of the Caspian Sea became a strong deterrent for Caspian countries to let them divide the sea into national sectors and launch pipeline plans on the floor of the Caspian Sea. As the result Russian and Iranian relations had stabilizing effect in the Caspian region. At the same time, the Russian Federation aimed at following a flexible policy, taking into account the interests of the other Caspian countries. The settlement of the legal status of the Caspian Sea with Kazakhstan and Azerbaijan let Russia improve the

Serbian gas sector in the spotlight of oil and gas agreement with Russia

International Nuclear Information System (INIS)

Brkic, Dejan

2009-01-01

The Russian natural gas industry is the world's largest producer and transporter of natural gas. This paper identifies the benefits for Serbia as transient country to European Union for Russian natural gas through South Stream gas-line in the current political context of implementation of gas agreement. On the other hand, according to the Agreement on Stabilization and Integration to European Union, Serbia is obligatory to implement reforms in energy sector and its energy policy must be in accordance with the European Union policy. Republic of Serbia has produced and consumed natural gas domestically since 1952, but has always been net importer. Strategy of Energy Development in Serbia and especially, National Action Plan for the gasification on the territory of Republic of Serbia dedicated special attention to gas economy development in respect with expected contribution in efficient energy use and environmental policy protection in the country.

ON ROLE OF INFLATION TARGETING IN RUSSIAN ECONOMY PROGRESS OF LAST YEARS

Directory of Open Access Journals (Sweden)

Егор Николаевич Поляков

2014-03-01

Full Text Available Author of the article gives an explanation of Russian economy slowing down from 4 quarter 2011 till 3 quarter 2013. According to author reasoning the main problem of Russian economy throughout this period of time was growth of real interest rates. The growth of real interest rate is determined by monetary policy, conducted by Central Bank. The main priority of CB is fight against inflation, which is waged by liquidity shrinkage. The bottom-line is fall of inflation and interest rates growth (including lending rate. Real interest rates are growing drastically. In certain branches of economy (for instance manufacturing real interest rates growth amounted to 10 and more percentage points.CB calls this policy inflation targeting. Besides fight against inflation floating ruble is important feature of this policy. The author made a conclusion that floating ruble when hydrocarbons prices are at historical maximum level is the worst recipe for Russian economy which is strongly dependent from hydrocarbons export revenue. The author compares Russian monetary and budget policy with monetary and budget policy of other countries with distorted export structure, for example Saudi Arabia and Norway. The author came to conclusion that Russian monetary and budget policy combination is unique among countries dependent from hydrocarbons export revenues. Result of this monetary and budget policy is vulnerability toward external shocks, tradable sectors noncompetitiveness, close to zero growth rate of economy and deterioration all branches of Russian economy. Zero net of payment balance while high oil price is economic nonsense. DOI: http://dx.doi.org/10.12731/2218-7405-2014-2-7

Russia/Asia-Pacific: rising gas and oil production in the Russian Far East will recast Asia-Pacific energy markets

International Nuclear Information System (INIS)

Khartukov, E.

1994-01-01

The next few years will see the emergence of the Russian Far East (RFE) as a major new source of hydrocarbons. Expansion of the production of crude oil and refined products will substantially improve the region's degree of energy self-sufficiency. The development of the large gas reserves is likely to have the greatest impact however. Three scenario's for this development are examined. Even under the most pessimistic the region's gas balance will show an exportable surplus by 2000. The energy future of the RFE, especially export plans for gas, depends on foreign investment, though. A radical improvement in the investment climate is needed to promote international co-operation. Political factors and strains within the Russian Federation and dwindling supplies of the crude oil and refined products from Siberia which the RFE still needs, tend to favour the development of economic links between the RFE and its Pacific Rim neighbours. The RFE would then be involved in Pacific energy flows, exporting gas and importing crude oil and refined products to make up its domestic shortfall rather than being dependent on Moscow controlled supplies. Should the RFE take this independent course and open its doors to foreign investors, solutions to the region's energy security problems would be made easier. There would almost certainly, though, be rivalry between the USA, Japan and Korea for influence with the RFE. (3 tables) (UK)

CONCEPTION OF ONTOLOGY-BASED SECTOR EDUCATIONAL SPACE

Directory of Open Access Journals (Sweden)

V. I. Khabarov

2014-09-01

Full Text Available PurposeThe aim of the research is to demonstrate the need for the Conception of Ontology-based Sector Educational Space. This Conception could become the basis for the integration of transport sector university information resources into the open virtual network information resource and global educational space. Its content will be presented by standardized ontology-based knowledge packages for educational programs in Russian and English languages.MethodologyComplex-based, ontological, content-based approaches and scientific principles of interdisciplinarity and standardization of knowledge are suggested as the methodological basis of the research. ResultsThe Conception of Ontology-based Sector Educational Space (railway transport, the method of the development of knowledge packages as ontologies in Russian and English languages, the Russian-English Transport Glossary as a separate ontology are among the expected results of the project implementation.Practical implicationsThe Conception could become the basis for the open project to establish the common resource center for transport universities (railway transport. The Conception of ontology-based sector educational space (railway transport could be adapted to the activity of universities of other economic sectors.

Development of oil and gas service as organizational form of entrepreneurship in post-industrial economy

Directory of Open Access Journals (Sweden)

Н. В. Василенко

2017-10-01

Full Text Available The article is devoted to the problem of development of oil and gas service. The transformation of the oil and gas sector with the separation of independent enterprises and organizations providing services in the oil and gas service sector is compared by the author with the trend of rapid development of the service sector in the postindustrial economy. The purpose of the study is to identify the general and specific characteristics of modern oil and gas services and to determine the directions for the transformation of organizational forms of entrepreneurship in the sphere under consideration. The growth of quantitative parameters of the oil and gas services market has been analyzed. The classification of this market is proposed depending on the place of services in a single technological cycle in relation to the main oil production process. The positive consequences of the development of oil and gas services for the development of oil and gas production have been systematized. Basic organizational models of entrepreneurship development in oil and gas service are generalized and substantiated. It is shown that the main influence in the market of services is taken by vertically integrated national oil and gas companies, as well as by international companies that provide service support for the work of Russian oil and gas companies. The results of a comparative analysis of advantages and disadvantages of organizational models of entrepreneurship in the field of oil and gas services are presented. It is proved that oil and gas service as an organizational form of entrepreneurship in its development reflects the general trends of the post-industrial economy. Specific features of oil and gas service in Russia are singled out. The revealed directions of transformation of organizational forms of entrepreneurship in the sphere of oil and gas service in current conditions can be used in the formation of state programs in the field of industrial

Russian Far East's future hinges on political fate

International Nuclear Information System (INIS)

Khartukov, E.M.

1992-01-01

This paper reports that according to recent geological surveys, the Russian Far East (RFE), encompassing former Soviet territories east of Eastern Siberia and Transbaikalia, is endowed with impressive fossil fuel resources, However, up to now, this energy resource potential has been rather modestly explored and developed. In particular, explored (proved and probable) reserves of liquid hydrocarbons (crude and condensate) in 40 known oil and gas accumulations are estimated at only 2.2 billion bbl, corresponding to one-seventh of RFE potential, recoverable oil resources. Putting these reserves data into the frame of national comparisons, one can conclude that, on the whole, explored RFE oil potential constitutes a negligible fraction (less than 1%) of Russia's oil reserves, while the region's gas endowment, though modest compared with that of northwestern Siberia, contributes nearly 60% of the Russian Federation's offshore gas reserves

Russian upstream joint ventures logging progress

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that Occidental Petroleum Corp. has begun exporting oil from Russia as part of an enhanced recovery joint venture in western Siberia. Oxy holds a 50% interest in the joint venture company, Vanyoganneft, and will market the oil. In other activity, two Canadian companies are marking progress with Russian upstream joint ventures

The Integration Aspects of Activities of the Companies in the Oil and Gas Industry Sector in the Context of Globalization

Directory of Open Access Journals (Sweden)

Panevnyk Tetiana M.

2016-05-01

Full Text Available The article considers both the dynamics and the structure of oil and gas production in Ukraine, situation of the oil and gas companies at the current stage of globalization of the world economy have been covered. The main problems impacting the functioning of the domestic industry sector have been identified, including the lack of effectiveness of the existing integration processes. The world trends and patterns of integration processes have been considered. It has been determined that the oil and gas industry sector leaders are the multinational companies that actively use integration in their practices. The current trends in creating integration linkages in different parts of the process chain in the oil and gas industry have been identified. Influence by large corporations of the innovative type on the creation of a favorable investment climate has been confirmed, as well as conducting their own policies of expansion in the overseas markets. On the basis of studying the foreign experience, expediency of development of the oil and gas sector enterprises by activating integration processes has been substantiated. Priorities and possibilities for further functioning of enterprises in the the oil and gas industry sector have been identified

Business opportunities and food safety of the Myanmar edible oil sector

NARCIS (Netherlands)

Wijnands, J.H.M.; Biersteker, J.; Hagedoorn, L.F.; Louisse, J.

2014-01-01

This report analyses the business opportunities of the oilseed and edible oil sector in Myanmar as well as the food safety control system. Myanmar is a significant producer of oilseed specialities. It is world’s largest producer of sesame seeds, ranks on the sixth position for groundnut production

RUSSIAN INDUSTRY INVESTMENT SITUATION

Directory of Open Access Journals (Sweden)

O. V. Pochukaeva

2011-01-01

Full Text Available The actual deficiency of investment into Russian industry innovative development increases its technological drag from industries of countries with developed markets. Although the rate of investment into real sectors of Russian economics mid 2000 was higher compared to the previous period, annual investment amounts were much lower than in 1990. At present, highest investment amounts are directed to industry extractive branches and to the commerce. Amounts invested to various economy branches do not correspond to their contribution to the country’sGross Added Product; particularly underinvested are manufacturing industry branches. At present, foreign share in the country economy total investment makes 15–18%. Recently, most interesting for foreigners was investment to machine-building branches with overwhelming part (for example, 90% in 2007–2008 of foreign investment into the machine-building industry being directed to creation of new automobile plants. Today, first place in the list of foreign investors’ preferences in Russia is taken by the machine-tool construction sector.

New Developments and opportunities in the neighbouring jurisdictions

International Nuclear Information System (INIS)

Couturier, G.

2004-01-01

Russia's political climate was outlined with details of the 1999 election and a brief biography of the Russian president and his background in the sectors of natural resources and security. Politically, Russia has become a more stable country with its 89 regions under central control. An outline of Russia's investment climate was also provided with details of Canada's presence in the Russian marketplace and Canada-Russia trade in the oil and gas sector. Key sectors for future partnership include oil and gas extraction and processing, construction and agriculture. The challenges facing trade and investment include the negative overall perceptions of Russia and an under-developed banking system. Despite these challenges, there was a 35 per cent increase in exports to Russia from 2003 to 2002. Natural resources dominate the Russian economy, with the oil and gas sectors contributing 12 per cent to Russia's Gross Domestic Product, and 35 per cent to federal government revenues. Details of the private sector and companies were presented and an outline of Russia's oil and gas sectors, including oil and natural gas outputs for 2000-2005 were provided. A map of Russia's oil producing regions and consolidation plans was also presented, along with details of multinationals currently investing in the Russian economy and new pipelines. Natural gas exports and projects currently under consideration were presented, with specific reference to details of Canadian participation in the Russian marketplace. It was noted that Canada plays a primary role in exporting equipment and services. tabs., figs

Chevron Texaco wants Kazakh oil to flow through Slovakia

International Nuclear Information System (INIS)

Janoska, J.

2004-01-01

Chevron Texaco is offering Slovakia an option for the diversification of its oil stocks. It plans to use the Druzba pipeline to transport about 3 million tons of Kazakhstan oil. Most of it should be delivered to the refinery in Czech Kralupy. Pipeline administrator, the company Transpetrol, rejects the proposal and argues that adjusting the pipeline designed for heavy Russian oil to allow the transmission of light oil would cost over SKK 2 billion (Eur 50.04 million). Transpetrol is managed by Russian concern Yukos. Russian oil companies view Caspian oil as competition and the reaction of Transpetrol only follows in line with this attitude. It may sound paradoxical, but letting Caspian oil flow through the Transpetrol pipelines would help Russian concerns expand to Western European markets. The refinery in Kralupy is connected to the IKL pipeline, which connects the Czech Republic to the German network close to the German refinery in Ingolstadt. The one-way pipeline that the Czech used to decrease their dependency on Russian oil and the Druzba pipeline in the nineties would remain unused and discussions about an investment in a change of flow direction to allow the transport of oil to Germany would take on an entirely new dimension. The interest of Chevron may therefore indicate major changes in the European oil distribution network. If the flow direction of the IKL pipeline were to change, it would not only be possible to transport Caspian oil, but also Russian oil. What's more, both US and Western European companies have their sights set on Czech and German refineries that get their oil form the Caspian region and they are also interested in capital entry to Russian oil concerns. This scenario is likely to come true in the case of Yukos

RETOUR - AN INNOVATIVE RUSSIAN LANGUAGE TRAINING RESOURSE FOR TOURISM WORKERS IN THE EU

Directory of Open Access Journals (Sweden)

Антония Пенчева

2017-12-01

Full Text Available This article investigates the role of the Russian language in the tourism sector. In particular it discusses learning materials for the self-study of Russian for tourism workers initiated by the European Union. The author shows the advantages of the online course Retur, which combines traditional methods with modern interactive multimedia teaching aids: video, audio and written teaching materials. In the article methods of selection of lexical and grammatical material, choice of thematic blocks and thematic units are discussed. The author comes to the conclusion that the tourism sector in a number of European countries is interested in training tourism workers in Russian in tourist services. Here, Russian as a foreign language becomes a demanded “commodity” that provides added value, and the teaching of Russian should serve as the formation of a communicative competence in Russian for future and current employees in tourism.

Problems of mineral tax computation in the oil and gas sector

Directory of Open Access Journals (Sweden)

Н. Г. Привалов

2017-04-01

Full Text Available The paper demonstrates the role of mineral tax in the overall sum of tax revenues in the budget. Problems of tax computation and payment have been reviewed; taxpayers and taxation basis of the amount of extracted minerals have been clearly defined. Issues of rental content of natural resource taxes are reviewed, as well as problems of right definition of the rental component in the process of mineral tax calculation for liquid and gaseous hydrocarbons.One of important problems in mineral tax calculation is a conflict between two laws – the Subsoil Law and the Tax Code of Russian Federation (26th chapter. There is an ambiguity in the mechanism of calculating amounts of extracted mineral resources – from the positions of the Tax Code and the Subsoil Law. The second problem is in the necessity to amend the mineral tax for oil extraction the same way as it has been done for gas extraction, when characteristics of each field are taken into account.This will provide a basis for correct computation of the natural resource rent for liquid and gaseous hydrocarbons. The paper offers recommendations for Russian authorities on this issue.

Natural Zeolite Sample and Investigation Its Use in Oil Bleaching Sector

Science.gov (United States)

Bilgin, Oyku

2017-12-01

In the sector of oil bleaching, the stored raw oil is subjected to physical and chemical methods such as degumming, neutralization, bleaching, deodorization and winterization. In the process of oil bleaching, the selection of correct bleaching earth in accordance with oil characteristics matters so much. Bleaching earth is an inorganic product used in removing impurities being available within the structures of vegetable, animal oil (sunflower, soya, corn, palm, tallow, rapeseed, fish oils…etc.) and fatty acids, mineral oils (glycerine, paraffin, mineral motor oils. etc.) with the adsorption process. The factors such as low cost of oil bleaching earth, low ratio of oil retaining, high bleaching capacity in spite of using them in small amounts, filter’s delayed blocking by the earth and non-increase of the free acidity of the oil should be taken into consideration. Bleaching earths are processed with some acids in order to widen their surface areas. During this process, a certain amount of acid is left within oil bleaching earths even if it is very little. These acids also increase oil’s acidity by oxidizing oil in the course of bleaching process. In this study, zeolite sample taken from Manisa -Demirci region was used. Following the processes of crushing and sieving, zeolite sample was subjected to chemical analyses according to their grain thickness, microscopic examination, the analyses of XRD and cation exchange capacity and their ore characteristics were determined. Afterwards, it was searched whether zeolite sample has oil bleaching ability or not or whether it can be used as oil bleaching earth or not.

Social Mechanisms in Elaborating Russian Educational Policy: Legal Monitoring

Science.gov (United States)

Gostev, Aleksandr N.; Turko, Tamara I.; Shchepanskiy, Sergey B.

2016-01-01

The article presents the results of legal monitoring and those of a sociological research on the efficiency of social mechanisms in Russian Federation education policy. The data obtained substantiates: the need for systematic improvement of Russian legislation in the education sector; revised notions and content of social mechanisms in Russian…

Energy consumption and GHG emissions from the upstream oil and gas sector in Canada: an overview

International Nuclear Information System (INIS)

Bhargava, A.; Timilsina, G.

2004-01-01

After electricity generation, the oil and gas sector is the most emission intensive industry in Canada. This paper presents statistical data and research by the Canadian Energy Research Institute (CERI). The aim of the research was to provide a comparative evaluation between Alberta's energy consumption and Canada-wide consumption. Data revealed that energy consumption and greenhouse gas (GHG) emissions have increased faster in Alberta in comparison to the rest of Canada, but have slowed since 1997, while emissions in the rest of Canada still continued to increase. Aggregate emission intensities were presented. It was noted that there were no significant changes in fuel mix in either Alberta or the country as a whole. Key factors contributing to rapid increase in energy consumption and GHG emissions after 1996 were: increased energy intensive production and increased use of natural gas. Charts of oil and gas use were presented in energy consumption, economic output and GHG emissions, also indicating that Canadian trends followed Alberta trends. A list of reduction measures in the oil and gas sector were provided, with figures of total reductions and cost. Future actions were outlined and included: ratification of the Kyoto Accord, the negotiation of sectoral agreements, important elements such as cost cap and percentages of reduction; the limited ability to reduce emissions at lower cost per tonne within the oil and gas sector; technology breakthroughs; and adoption of new practices such as the use of alternate fuels in energy intensive processes. tabs, figs

Energy consumption and GHG emissions from the upstream oil and gas sector in Canada: an overview

Energy Technology Data Exchange (ETDEWEB)

Bhargava, A.; Timilsina, G. [Canadian Energy Research Inst., Calgary, AB (Canada)

2004-07-01

After electricity generation, the oil and gas sector is the most emission intensive industry in Canada. This paper presents statistical data and research by the Canadian Energy Research Institute (CERI). The aim of the research was to provide a comparative evaluation between Alberta's energy consumption and Canada-wide consumption. Data revealed that energy consumption and greenhouse gas (GHG) emissions have increased faster in Alberta in comparison to the rest of Canada, but have slowed since 1997, while emissions in the rest of Canada still continued to increase. Aggregate emission intensities were presented. It was noted that there were no significant changes in fuel mix in either Alberta or the country as a whole. Key factors contributing to rapid increase in energy consumption and GHG emissions after 1996 were: increased energy intensive production and increased use of natural gas. Charts of oil and gas use were presented in energy consumption, economic output and GHG emissions, also indicating that Canadian trends followed Alberta trends. A list of reduction measures in the oil and gas sector were provided, with figures of total reductions and cost. Future actions were outlined and included: ratification of the Kyoto Accord, the negotiation of sectoral agreements, important elements such as cost cap and percentages of reduction; the limited ability to reduce emissions at lower cost per tonne within the oil and gas sector; technology breakthroughs; and adoption of new practices such as the use of alternate fuels in energy intensive processes. tabs, figs.

Integration between environmental management and strategic planning in the oil and gas sector

International Nuclear Information System (INIS)

Magrini, Alessandra; Lins, Luiz dos Santos

2007-01-01

For activities that have a high possibility of causing environmental accidents, like in the oil and gas sector, it is reasonable to expect the environmental management to be an important variable within the company's strategic planning. However, this is not always true. In some cases, a change in the companies' attitude, abandoning a reactive position and assuming a proactive one, only happens upon the occurrence of serious environmental accidents with strong repercussion in the media. For the company that was the object of study, these accidents gave rise to deep changes in its environmental management, culminating in investments of approximately US$ 2.6 billion in environment, health and security, from 2000 to 2004. This was the highest amount to date invested on these areas by an oil company. This case study seeks to discuss the integration between environmental management and strategic planning in the oil and gas sector over a period of 10 years (from 1995 to 2004) in order to make a contextual analysis of the period before and after the environmental accidents possible

Russian Political, Economic, and Security Issues and U.S. Interests

Science.gov (United States)

2007-01-18

polonium 210 from Moscow, through Germany, to London, apparently carried by one of the Russians Litvinenko met November 1. Russian authorities deny...Russia’s needs — food and food processing, oil and gas extraction technology, computers, communications, transportation, and investment capital — are

Bioresource Sector of the Russian Far East

Directory of Open Access Journals (Sweden)

Natalia Evgenyevna Antonova

2017-06-01

Full Text Available The article studies the development of the Far Eastern bioresource sector in 2006–2015 and its components: fishing industry, forestry and agriculture. It is shown that renewable bioresources, which form the foundation of the bioresource sector, are now becoming the limiting factor of that sector’s further extensive development which necessitates a transition to new ways and technologies of extracting and processing resources. The article attempts to identify and estimate the bioresource sector’s contribution to the economy of the Far Eastern Federal District (FEFD as a statistical unit through aggregating main macroeconomic indicators (gross added value, monetary value of exports, investments, number of employed, and tax revenue of its three components. The conclusion is that during the studied period the bioresource sector’s contribution to the economy of the FEFD has decreased mainly due to the factors of tax revenues and gross added value. The sector’s importance as source of employment in remote areas had also declined. At the same time the bioresource sector continues to significantly contribute to exports, mainly thanks to the fishing industry and agriculture. It is shown that the dominant role in the bioresource sector belongs to the fishing industry which increased its contribution to the bioresource sector and showed the most stable development compared to other components. The article studies changes in institutional conditions in all three components, their influence on the development of investments of the bioresource sector

Risk and resilience in the Nigerian oil sector: The economic effects of pipeline sabotage and theft

International Nuclear Information System (INIS)

Yeeles, Adam; Akporiaye, Alero

2016-01-01

Political unrest in the Niger Delta has long been viewed as a hurdle for extracting maximum value from Nigeria's oil resources. Recently, investors and policymakers have laid blame for sector under-performance on pipeline sabotage and theft, and sounded the alarm for an impending ‘oil crisis’. However, our understanding of the economic effects of social action against oil companies is incomplete. Rigorous analysis has not heretofore been offered as evidence for such dire futures. Despite the obvious risk of pipeline interdiction, price dynamics and aggregate production respond minimally to pipeline interdiction. Based on quantitative analysis of the relationship among price, production and pipeline interdiction from multiple data sources covering different time intervals (monthly data from 2005 to 2014 and annual data from 1999 to 2013), we find no evidence of significant effects of pipeline interdiction on production and a weak relationship between pipeline interdiction and Bonny light crude prices. Reported losses in product are substantial, but there is no evidence of statistically significant impacts on price or production in the aggregate. Explanations for this counterintuitive result are cast in terms of sector resilience. The implications of this finding for producer risk and the likelihood of an impending ‘oil crisis’ are discussed. - Highlights: • We examine the impact of pipeline sabotage and theft on the Nigerian oil economy. • Econometric analysis of production, price and pipeline interdiction over different time intervals. • Aggregate price and production are impacted minimally by pipeline interdiction. • Oil sector business risk is high, but production is resilient to interruptions from social and political unrest.

Oil in the former Soviet Union: Historical perspectives, long-term outlook

International Nuclear Information System (INIS)

Reinsch, A.E.; Lavrovsky, I.; Considine, J.I.

1992-01-01

The complex, far-reaching changes that have come over the oil industry of the Russian Federation and other republics of the C.I.S. were reviewed. Three development scenarios were considered. In the reference case, the deterioration in C.I.S. oil production was stemmed by the middle of the decade, and as a result net exports were gradually tightened, placing upward pressure on world oil prices. The situation would reverse by 1997-98, with recovery in domestic oil production and increase in export volumes. In the best case scenario, successful integration of the oil industry into the international business community was assumed to result in the maintenance of drilling activity at the 1990 level. In the worst case scenario, it was assumed that the simmering social strife and political tensions in the oil producing regions were allowed to boil over, resulting in a dramatic reduction of drilling activity. One of the characteristics common to all three scenarios was the close linkage between developments in the domestic oil sector and the pattern of general economic activity. Conversely, it was stated that without a reliable and growing energy sector it was almost impossible to generate a plausible scenario in which economic growth and domestic product demand would move forward. A promising channel would be the establishment of supporting organizational frameworks through the regionalization of foreign investment. figs., tabs., refs

Analysis of the Russian Market for Building Energy Efficiency

Energy Technology Data Exchange (ETDEWEB)

Lychuk, Taras; Evans, Meredydd; Halverson, Mark A.; Roshchanka, Volha

2012-12-01

This report provides analysis of the Russian energy efficiency market for the building sector from the perspective of U.S. businesses interested in exporting relevant technologies, products and experience to Russia. We aim to help U.S. energy efficiency and environmental technologies businesses to better understand the Russian building market to plan their market strategy.

The processes of mergers and acquisitions in the Russian banking business

Directory of Open Access Journals (Sweden)

Gritsenko S. E.

2017-02-01

Full Text Available the article is dedicated to the changes in the banking sector due to sales and aggregation of the small and medium-sized banks. This paper describes the processes of consolidation and aggregation of the banking sector in Russia, it analyses the dynamics of the M&A deals and identifies the main trends in this market segment for 2017–2018. Based on the overview of the Russian M&A market (M&A means mergers and acquisitions in the banking sector for the past years a conclusion is drawn about the aims and rationale of the modern processes of mergers and acquisitions in the Russian banking business.

Russian joint ventures, upstream deals hit fast clip

International Nuclear Information System (INIS)

Anon.

1992-01-01

This paper reports that Russia is stepping up the pace of joint ventures and imports of petroleum technology and hardware. Among the latest action: Polar Lights, a 50-50 venture of Conoco Timan-Pechora Ltd. and Arkhangelskgeologia (AAG), started drilling in the first new-field oil-development project in Russia to include a US partner; The governments of Oman and the Kazakhstan republic signed an agreement covering oil and gas exploration, field development, and production in Kazakhstan; Phibro Energy Inc., Greenwich, Conn., last week reported the sale and delivery of the first full cargo of Russian crude oil produced and exported by a Russian-American joint venture; Era Aviation Inc., Anchorage, Alas., is sending two helicopters with crewmen to Russia to help assess the feasibility of oil and gas development off Sakhalin Island; In deals involving Canadian companies, SNC-Lavalin Inc., Montreal, received a contract for initial work on a $350 million (US) modernization of the Volvograd refinery in southern Russia

Corporate governance and control in Russian banks

OpenAIRE

Vernikov, Andrei

2007-01-01

The Working Paper examines peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks featuring different forms of ownership. We focus on real interests of all stakeholders, namely bank and stock market regulators, bank owners, investors, top managers and other insiders. The Anglo-American concept of corporate governance, based on agency theor...

Farm production performance in Russian regions: farm panel data analysis

NARCIS (Netherlands)

Bezlepkina, I.

2003-01-01

The Russian agricultural sector has experienced many problems since the beginning of the 1990s that resulted in a fall in farm output. Employing a production function approach and, unlike other studies, farm-level data on more than 20,000 Russian large-scale farms for the period 1995-2000, this

THE FEATURES OF THE RUSSIAN BANKING SUPERVISION AND REGULATION IN THE LIGHT OF BASEL II AND BASEL III IMPLEMENTATION IN THE RUSSIAN BANKING SYSTEM

Directory of Open Access Journals (Sweden)

K. R. Kakhrimanova

2014-01-01

Full Text Available The article focuses on the current situation in the Russian banking supervision and regulation and namely the process of its reforming in accordance withBaselprinciples. A special concern of the article is the features of Russian banking sector that are obstacles in full implementation of Basel II and Basel III inRussiatoday.

The effects of carbon prices and anti-leakage policies on selected industrial sectors in Spain – Cement, steel and oil refining

International Nuclear Information System (INIS)

Santamaría, Alberto; Linares, Pedro; Pintos, Pablo

2014-01-01

This paper assesses the impacts on the cement, steel and oil refining sectors in Spain of the carbon prices derived from the European Emissions Trading Scheme (EU ETS), and the potential effect on these sectors of the European Union anti-leakage policy measures. The assessment is carried out by means of three engineering models developed for this purpose. Our results show a high exposure to leakage of cement in coastal regions; a smaller risk in the steel sector, and non-negligible risk of leakage for the oil refining sector when carbon allowance prices reach high levels. We also find that the risk of leakage could be better handled with other anti-leakage policies than those currently in place in the EU. - Highlights: • We simulate the impact of carbon prices on the risk of leakage in the cement, steel and oil refining sectors. • We also assess the effectiveness of different anti-leakage policies in Europe. • Cement production in coastal areas is highly exposed. • The risk of leakage for steel and oil refining is smaller. • Anti-leakage policies should be modified to be efficient

Life cycle GHG emissions from Malaysian oil palm bioenergy development: The impact on transportation sector's energy security

International Nuclear Information System (INIS)

Hassan, Mohd Nor Azman; Jaramillo, Paulina; Griffin, W. Michael

2011-01-01

Malaysia's transportation sector accounts for 41% of the country's total energy use. The country is expected to become a net oil importer by the year 2011. To encourage renewable energy development and relieve the country's emerging oil dependence, in 2006 the government mandated blending 5% palm-oil biodiesel in petroleum diesel. Malaysia produced 16 million tonnes of palm oil in 2007, mainly for food use. This paper addresses maximizing bioenergy use from oil-palm to support Malaysia's energy initiative while minimizing greenhouse-gas emissions from land-use change. When converting primary and secondary forests to oil-palm plantations between 270-530 and 120-190 g CO 2 -equivalent per MJ of biodiesel produced, respectively, is released. However, converting degraded lands results in the capture of between 23 and 85 g CO 2 -equivalent per MJ of biodiesel produced. Using various combinations of land types, Malaysia could meet the 5% biodiesel target with a net GHG savings of about 1.03 million tonnes (4.9% of the transportation sector's diesel emissions) when accounting for the emissions savings from the diesel fuel displaced. These findings are used to recommend policies for mitigating GHG emissions impacts from the growth of palm oil use in the transportation sector. - Research highlights: → We modeled greenhouse gas emissions in the production of palm-biodiesel. → Five land types were included to model emissions associated with land-use change. → Land-use change has the biggest impact on the emissions in making palm-biodiesel. → Emissions from fertilizer use and effluent treatment are still significant. → At 5% biodiesel grown on suitable lands Malaysia would obtain an emissions savings.

Size, Role and Performance in the Oil and Gas Sector

Directory of Open Access Journals (Sweden)

Robert L. Mansell

2012-07-01

Full Text Available The oil and gas sector is a key driver of the Canadian and Albertan economies. Directly and indirectly it typically accounts for roughly half of Alberta’s GDP, as well as one-third of the country’s business investment and a quarter of business profits — and rising global demand will only add to these figures. However, that energy sector is also a changeable place populated by companies of all shapes and sizes, from small Emerging Juniors to wellestablished Majors whose daily production capacities are hundreds or thousands of times greater. The sector’s assorted firms have different structures and ambitions, respond in distinct ways to market forces and have unique impacts on the economy. These differences in size, role and performance must be reflected in energy and related economic policies if they are to be effective in achieving policy goals. For example, they must recognize that the smallest firms are not always the fastest growers or the most innovative; that Intermediates are the most highly leveraged, with the highest debt-to-equity ratios; and that while Majors tend to have the lowest average cost per well drilled, they also (along with Emerging Juniors have the highest operating costs. Despite the industry’s critical importance, relatively little hard data has been made available concerning companies’ structure, behaviour and performance, based on size. This paper goes a considerable way toward filling that gap, bringing together comprehensive datasets on 340 public oil and gas firms to chart essential patterns and trends, so policymakers and industry watchers can better understand the complexity and functioning of this important sector.

Business Case for Integrated Reporting in the Nigerian Oil and Gas Sector

Directory of Open Access Journals (Sweden)

Tajudeen J. AYOOLA

2013-03-01

were sourced from the annual reports and stand-alone sustainability reports of the six multinational companies operating in the Nigerian oil and gas sector. The results found that efforts to address environmental, social and governance reporting (ESG were adhoc, short term and unrelated to the core activities of the corporations and as such were not integrated into their business strategies and model. Information on ESG was also duplicated over many medium in a haphazard and distorted form. The study therefore concluded that the introduction of integrated reporting will streamline performance reporting that is in line with international best practice in the sector.

The Alberta dilemma: optimal sharing of a water resource by an agricultural and an oil sector

NARCIS (Netherlands)

Gaudet, G.; Moreaux, M.; Withagen, C.A.A.M.

2006-01-01

We fully characterize the optimal time paths of production and water usage by an agricultural and an oil sector that share a limited water resource. We show that for any given water stock, if the oil stock is sufficiently large, it will become optimal to have a phase during which the agricultural

Analysis of policies to reduce oil consumption and greenhouse-gas emissions from the US transportation sector

International Nuclear Information System (INIS)

Ross Morrow, W.; Gallagher, Kelly Sims; Collantes, Gustavo; Lee, Henry

2010-01-01

Even as the US debates an economy-wide CO 2 cap-and-trade policy the transportation sector remains a significant oil security and climate change concern. Transportation alone consumes the majority of the US's imported oil and produces a third of total US Greenhouse-Gas (GHG) emissions. This study examines different sector-specific policy scenarios for reducing GHG emissions and oil consumption in the US transportation sector under economy-wide CO 2 prices. The 2009 version of the Energy Information Administration's (EIA) National Energy Modeling System (NEMS), a general equilibrium model of US energy markets, enables quantitative estimates of the impact of economy-wide CO 2 prices and various transportation-specific policy options. We analyze fuel taxes, continued increases in fuel economy standards, and purchase tax credits for new vehicle purchases, as well as the impacts of combining these policies. All policy scenarios modeled fail to meet the Obama administration's goal of reducing GHG emissions 14% below 2005 levels by 2020. Purchase tax credits are expensive and ineffective at reducing emissions, while the largest reductions in GHG emissions result from increasing the cost of driving, thereby damping growth in vehicle miles traveled. (author)

The Stress-Strain State of Recent Structures in the Northeastern Sector of the Russian Arctic Region

Science.gov (United States)

Imaeva, L. P.; Imaev, V. S.; Mel'nikova, V. I.

2018-03-01

Complex research to determine the stress-strain state of the Earth's crust and the types of seismotectonic destruction for the northeastern sector of the Russian Arctic was conducted. The principles of regional ranking of neotectonic structures were developed according to the activity of geodynamic processes, and argumentation for their class differentiation is presented. The structural-tectonic position, the parameters of the deep structure, the system of active faults, and the tectonic stress fields, calculated on the basis of both tectonophysical analysis of discontinuous and folded late Cenozoic deformations and seismological data, were analyzed. This complex of investigations made it possible to determine the directions of the main axes of deformations of the stress-strain state of the Earth's crust and to reveal the regularity in the change of tectonic regimes.

Oil and natural gas in the Russian Federation

International Nuclear Information System (INIS)

Riva, J.P. Jr.

1996-01-01

The paper describes the political and economic situation in the Russian Federation, now that the Communist system no longer rules Russia. To address the political risk associated with doing business in Russia, the US provides insurance coverage through the Overseas Private Investment Corporation (OPIC). This is a federally chartered program that insures new investments, if approved by the Russian government, and benefit the socio-economic development of the country. The paper then describes petroleum production and resource development in the Volga-Urals province, West Siberia, Komi province, East Siberia, and the Far East province. Joint ventures and the current status of production are described for major regions of each province

Determining Factors for Economic Efficiency in the Organic Olive Oil Sector

Directory of Open Access Journals (Sweden)

Enrique Bernal Jurado

2017-05-01

Full Text Available Spain looms large worldwide in organic olive oil production. However, this productive potential contrasts with the low internal consumption of the product. This situation makes Spain a world leader in its export. Companies in this sector have clear deficiencies, which must be corrected to ensure their survival over time. In this context, the aim of this study is to analyse the level of efficiency, in economic terms, of organic olive oil producers and to identify the factors explaining the best organizational practices. To do so, Data Envelopment Analysis (DEA and Qualitative Comparative Analysis (QCA have been used. The results reveal low levels of economic efficiency and the variables determining said efficiency.

A Bear At My Door: How To Stop Future Russian Aggression

Science.gov (United States)

2016-02-16

Sunni controlled Organization of Petroleum Exporting Countries’ (OPEC) saturation of the oil market has had a major impact on the Russian economy ...Shirtless horse rides with media coverage, military incursion into Crimea days after the closing ceremony of the Olympics , or having his Russian...Russian incursion and once this occurs what will be the impact ? Is the occupied nation militarily capable of a quick ten day victory as in Slovenia or

An analysis of headquarters location in the Canadian oil and gas sector

International Nuclear Information System (INIS)

Hirsch, K.T.

1993-04-01

Headquarters location theory identifies several factors which are expected to influence the location of corporate head offices. Some of these factors directly affect the costs of operation and the basic profitability of the company, such as the cost of office space, tax levels, availability of qualified labour, cost of labour, proximity to corporate activities, and agglomeration with other services and companies. Headquarters location theory is applied to Canada's energy sector. During the previous 27 years, concentration of energy company headquarters has shifted from Toronto to Calgary. A regression model tests the extent to which those factors identified in the literature appear to be statistically significant for the headquarters relocation experience in Canada's energy sector. The results of the tests suggest that certain factors do appear to significantly influence relocation decisions. These factors are agglomeration with other oil and gas companies, and relative proximity to oil and gas operations (which unexpectedly displayed a negative coefficient). The agglomeration factor was by far the most significant. 44 refs., 3 figs., 2 tabs

National Strategy for Promotion of Russian Universities in the World Market of Education Services

Science.gov (United States)

Mushketova, Natalia; Bydanova, Elizaveta; Rouet, Gilles

2018-01-01

Purpose: The export of Russian educational services worldwide was not considered by the Russian Government as a full-fledged economic sector until recently. However, the situation has changed since the early 2000s, when in 2002, the Russian Government approved the national strategy for higher education promotion abroad and since then has been…

The problems and threats of innovative development of Russian regions

Directory of Open Access Journals (Sweden)

Irina Markovna Golova

2014-03-01

Full Text Available Based on the analysis of the main indicators of innovative development of the Russian Federation for 2006–2013, the most acute problems and risks impeding the transition economy of Russian regions to the innovative model are revealed. There are problems of a further narrowing of the science sector, the continued reduction of human scientific potential, extremely slow formation of innovation sector, in particular the small increase of the share of innovation active enterprises, as well as volumes of their new products. The article pays particular attention to the tasks of improving regional innovative policy aimed at creating of the conditions for the formation and expanded reproduction of full-cycle innovation, involvement the business sector in the innovation processes, and the correlation between the regions innovation and socio-economic policies.

Problems of salaries management in oil and gas companies

Directory of Open Access Journals (Sweden)

Olga Gennad'evna Kolosova

2011-09-01

Full Text Available Basing on the results of the author's analysis and generalization of practical experience in the organization of remuneration on the oil and gas companies of the Khanty-Mansiysk Autonomous District — Yugra, the current state and remuneration policy were defined. The designed SWOT matrix reveals the possibilities of further improvement of the remuneration organization. Innovative development of remuneration systems involves a complex process of selecting management tools to achieve performance targets and implementing business strategies. A study of the most upfront human resources and staff practices in the Russian oil and gas sector has allowed the author to formulate approaches to building effective systems of remuneration. The suggestions described in this paper coordinate the interests of employers and employees. At the same time, they increase efficiency and job satisfaction through raising personal responsibility, which will gain the effectiveness of incentives for oil and gas companies.

Environmental compensation application in the oil and gas sector; Aplicacao da compensacao ambiental no segmento de oleo e gas

Energy Technology Data Exchange (ETDEWEB)

Silva, Lucia H.C.; Pollis, Altaira M. [ICF Consultoria do Brasil Ltda., Rio de Janeiro, RJ (Brazil); Oliveira, Marco A.B. [Universidade Federal do Rio de Janeiro (UFRJ), RJ (Brazil). Coordenacao dos Programas de Pos-graduacao de Engenharia (COPPE)

2004-07-01

The regulation of the law no 9.985, of July 18, 2000, by the decree no 4.340, of August 22, 2002, awake the productive sector to the imposition to the entrepreneur that must destine the amount of at least 0,5% of the total costs foreseen for the hole undertaking implementation, to implement or maintain environmental conservation units. The most of the environmental agencies have been applied 0,5%. The IBAMA uses a methodology to establish the impact level and the range between 0,5% and 5% to define the environmental compensation percentage and is questionable. Then, until now, this legal requirement have been applied in a heterogeneous form to the environmental licensing. The various applied criterions, the huge subjectivity in the impact level assessment, and the influence of this requirement in the licensing schedule, associate to the oil and gas sector project costs point to a relevant impact in the feasibility of the oil and gas sector projects. Based in the percentages that IBAMA had established for the oil and gas sector was esteemed some costs destined to the environmental compensation. The law implementation without inhibition of investments in the country depends on the involved sectors articulation. (author)

THE IMPACT OF THE FALLING OIL PRICES ON THE BANKING SECTOR AND THE BANKING CRISIS IN AZERBAIJAN

Directory of Open Access Journals (Sweden)

Nijat Huseynov

2018-03-01

Full Text Available The Banking sector in Azerbaijan has been one of the most affected sectors and volatile due to the falling oil prices. In the recent years, the government’s approach to the banking sector has changed significantly. The national currency has depreciated against the foreign currencies. The main goal of this paper is to clarify the current situation and key challenges in the Azerbaijan Banking sector including assessing the role of the Central Bank of Azerbaijan Republic (CBA. In this paper, the crucial problems in the financial sector are also indicated and some key points for the future actions are recommended.

A critique of the performance of EIA within the offshore oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Barker, Adam, E-mail: adam.barker@manchester.ac.uk; Jones, Carys, E-mail: carys.jones@manchester.ac.uk

2013-11-15

The oil and gas sector is a key driver of the offshore economy. Yet, it is also associated with a number of unwanted environmental impacts which potentially threaten the long term economic and environmental viability of marine ecosystems. Environmental Impact Assessment (EIA) can potentially make a significant contribution to the identification and management of adverse impacts through the promotion of evidence based decision making. However, the extent to which EIA has been embraced by key stakeholders is poorly understood. On this basis, this paper provides an initial evaluation of EIA performance within the oil and gas sector. The methodology adopted for the paper consisted of the structured review of 35 Environmental Statements (ESs) along with interviews with regulators, operators, consultants and advisory bodies. The findings reveal a mixed picture of EIA performance with a significant number of ESs falling short of satisfactory quality and a tendency for the process to be driven by compliance rather than best practice. -- Highlights: • Concerns identified relating to impacts of offshore oil and gas industry. • Research assesses performance of EIA in addressing impacts. • Findings highlight weak quality standards and procedural deficiencies. • Institutional reforms identified in order to improve practice.

Influence of economic sanctions on the development of Russian tourism

Directory of Open Access Journals (Sweden)

Irek Ilgizarovich Ziganshin

2015-03-01

Full Text Available Objective to estimate the influence of economic sanctions on the current state of the Russian tourist market. Methods analysis and synthesis historicallogical and economicstatistical methods. Results the presanction condition of the tourist market is compared with its current condition. The problem aspects of the Russian tourist sector are shown. The complex estimation is given to the tense situation in the Russian tourist market. Practical value the main provisions and conclusions of the article can be used for tourism arrangement and predicting the entrance and exit tourist flow. nbsp

Best practices for the retention of women engineers and scientists in the oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Emerson, C.J. [Wise Newfoundland and Labrador, St. John' s, NF (Canada); Williams, F.M. [Petro-Canada Inc., (Canada); Sherk, S. [AMEC Earth and Environmental Ltd., St. John' s, NF (Canada)

2000-07-06

This conference paper was the result of a workshop discussion at a national conference that brought together those in industry who work in positions promoting diversity, together with women scientists and engineers from the sector. The objective was to identify effective workplace policies and practices that support and advance women's careers in the sector, and thus enhance retention. The conference paper discusses women in science, engineering and technology fields and in the oil and gas sector. It discusses best practices for the retention of women scientists and engineers in the oil and gas sector. It presents a summary of the workshop, best practices for the industry, and best practices for others. Best practices for the industry that are presented in the paper include: commitment from the top, management training, organizational policy and programs, balancing career and personal life, and career development and training. The paper concluded that companies should be recognized for thoughtful and forward-looking policies and best practice initiatives and that the strongest of the best practices is to make managers accountable for diversity progress in their areas of responsibility. 1 app., 8 refs.

Safety culture: a comparative study of space, nuclear and oil-gas sectors

International Nuclear Information System (INIS)

Morais, David; Assis, Altair Souza de

2008-01-01

Full text:We access in this paper the safety culture methodology adopted by three different industrial sectors: Nuclear, space/aeronautics and oil-gas, in Brazil. In this work, It is evaluated the planning, training, personal monitoring and the interaction between the technical personal, such as engineers and physicists, with human ones, such social workers and physiologists, key factor to understand the efficacy of the local safety culture pattern. The research is made through the analysis of the relevant manuals and interviewing the safety, human areas personal, and regulatory managers, concerned with/related to safety/working with safety culture at the specific industrial sector. It is compared the efficacies and the official regulatory vision on the issue, for the different sectors, in order to detect confluences and divergences and, so, to propose a model that better treat the safety culture as a global industrial value. (author)

VAT: ways of improving administration and calculation during transshipment and transfer of oil and oil products

Directory of Open Access Journals (Sweden)

Vasiliy F. Stoykov

2017-12-01

Full Text Available Objective to eliminate legal uncertainty in interpretation and implementation of a legal norm para. 4 subclause 2.2. clause 1 Art. 164 of the Taxation Code of the Russian Federation to elaborate proposals for improving the Russian legislation on taxes and duties which is essential for elimination of the said problems. Methods the research is based on a set of general scientific and specific methods of cognition used in the science of Financial Law dialectic method formaldogmatic method methods of analysis analogy induction and synthesis historical retrospective formalization and logical method. Results the article presents theoreticallegal analysis of the consequences of ambiguous interpretation of a legal norm para. 4 subclause 2.2. clause 1 Art. 164 of the Taxation Code of the Russian Federation in relation to organizations rendering services in the sphere of oil and oil products transportation and transshipment. It is stated that one of the essential problems in the practice of value added tax implementation is the use of zero tax rate. When the norms of the above Article are interpreted it causes problems in organizations engaged in oil and oil products transportation and transshipment due to the differences in positions of the Russian Ministry of Finance and the taxation authorities about the location of works to be referred to transshipment. Another problem is narrow comprehension of organizations engaged in oil transportation as well as uncertainty of norms related to the terminology of oil transportation transshipment and reloading. All the above inaccuracies and ambiguities in legislation lead to problems in organizations engaged in oil transportation as is shown by the example of ldquoMarine Port Servicerdquo Close Corporation. The author also presents the results of analysis of judicial practice in the sphere of interpreting para. 4 subclause 2.2. clause 1 Art. 164 of the Taxation Code of the Russian Federation. The possible

Tough sell : forgetting and forgiving are not on the financial service sector's oil and gas investment agenda

International Nuclear Information System (INIS)

Georg, A.

1999-01-01

A review of the recovery from the year-long low on the oil-price cycle was presented, with special emphasis on the growth potential within the petroleum sector. Although the mood was optimistic at this year's Canadian Association of Petroleum Producers' annual Oil and Gas Investment Symposium, scrutiny from analysts and investors was severe. In today's dynamic market investors are less loyal and companies can no longer ride out the lows. When companies fell short of high investor expectations, they were faced with plunging stocks when investors left. This forced firms to sell assets or to merge with other, more solvent companies. It was noted that the oil and gas industry is among the best of any industrial sector in quality and standardization of disclosure. The advantage of this is that a high degree of disclosure reduces uncertainty which could benefit stock prices. 2 figs

Russian oil goes to market

International Nuclear Information System (INIS)

Kandelaki, T.L.; Tankayev, R.U.

1997-01-01

In 1996, Russia retained its place as the world's third largest producer of oil and gas condensate after Saudi Arabia and the USA. Data are provided on Russia's oil sales to its domestic market, to the former Soviet Union and to the rest of the world. These are accompanied by a commentary on Russia's world-wide market, refining in Russia, transportation costs of crude from the generally remote areas where it is produced and price ranges in the various market segments. (7 tables) (UK)

Industry sector analysis, Mexico: Oil and gas field machinery and equipment. Export Trade Information

International Nuclear Information System (INIS)

1990-04-01

The Industry Sector Analyses (I.S.A.) for oil and gas field machinery and equipment contains statistical and narrative information on projected market demand, end-users, receptivity of Mexican consumers to U.S. products, the competitive situation - Mexican production, total import market, U.S. market position, foreign competition, and competitive factors, and market access - Mexican tariffs, non-tariff barriers, standards, taxes and distribution channels. The I.S.A. provides the United States industry with meaningful information regarding the Mexican market for oil and gas field machinery and equipment

Petroleum privatization and institutional environment: the Russian example; Privatisation petroliere et environnement institutionnel: l'exemple russe

Energy Technology Data Exchange (ETDEWEB)

Locarelli, C.; Finon, D

2003-09-01

This paper treats of the reform of the Russian hydrocarbons industry using an institutionalistic approach. The theoretical objective of the privatization is the installation of a growth scheme based on important productivity gains, through large scale re-structuration, investments for the reproduction of oil and gas reserves, and big infrastructures development. The choice of this sector is justified because it represents an extreme case of inadequateness of the measures preconized by the Washington consensus with respect to the institutional environment. Stress has been put on the modification of the property rights of companies. The introduction of market institutions in a transition economy has led to an opportunistic adaptation of the behaviour of private and government actors. There is a clear correlation between the insecurity of property rights in general and the abundance of exploitable and exportable natural resources. Then, the privatization and the limited performance of the hydrocarbons sector in Russia is analyzed in terms of efficiency and long-term strategy, essential for a resources industry to make reserves. The unexpected results of this privatization are explained using an analysis of the market institutions applied to the very specific institutional environment of the Russian economy. Finally, the inadequateness of these institutions with the initial informal institutions has led to adaptations fully dependent of the institutional path with the necessity of preserving a minimum inter-industrial consistency. (J.S.)

Implementation of Enterprise Risk Management (ERM Framework in Enhancing Business Performances in Oil and Gas Sector

Directory of Open Access Journals (Sweden)

Sanmugam Annamalah

2018-01-01

Full Text Available This study empirically investigated the ERM Implementation model and proposed framework to identify and manage risks in Oil and Gas Sector in Malaysia. The study examined the role of ERM framework implementation in improving business performance by utilizing Economic Value Added as a measurement tool. The study also provides insights to the Oil and Gas Sector to gain higher profit returns, reduce cost of capital, and improve shareholders value. Moreover, it contributes significantly in the field of Enterprise risk management in Malaysia. The identification and management of risk is significant to organizations in managing risks efficiently. Expectations of stakeholders of the organization are high from executives and board of directors in managing the risk effectively. Linear regression analysis is utilized in analyzing the data obtained from the data collection performed for this paper. Purposive sampling has been employed in order to select the firms that are operating in Malaysian oil and gas sector. Primary data has been utilized to collect data with the help of structured questions and interview techniques that involve semi structured questions. The results of the regression analysis conducted for in this study suggested that a significant and positive relationship between Enterprise Risk Management with operational risk; market risk; political risk; health, safety and environmental risk; and, also business performance.

Sulfur compounds and species in Russian residues by XPS and PY-GC-PFPO

Energy Technology Data Exchange (ETDEWEB)

Quan, S.; Suoqi, Z.; Chunming, X. [University of Petroleum, State Key Laboraory of Heavy Oil Processing, Beijing (China); Kotlyar, L.; Kung, J. [National Research Council of Canada, Institute for Chemical processand Environmental Technology, Ottawa, ON (Canada); Chung, K. H. [Syncrude Canada Limited, Edmonton, AB (Canada)

2004-07-01

Distribution and structure of sulfur components of Russian crude oil were investigated by separating vacuum residues from the oil into 17 narrow cuts and one end-cut using the supercritical fluid extraction and fractionation technique (SFEF). The cuts were analyzed by gas chromatography, with conditions optimized from 600 degrees C to 1,000 degrees C, and between two and twenty seconds. In general, the total amount of of the sulfur compounds in pyrolizates was found to be proportional to the sulfur content in the vacuum residues. Thiophenes, benzothiophenes and dibenzothiophene content varied from vacuum residue to vacuum residue. Benzothiophens were identified as the dominant sulfur compounds in the pyrolizate of Russian crude oil.

Life cycle GHG emissions from Malaysian oil palm bioenergy development: The impact on transportation sector's energy security

Energy Technology Data Exchange (ETDEWEB)

Hassan, Mohd Nor Azman, E-mail: mohdnorh@andrew.cmu.ed [Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States); Jaramillo, Paulina [Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States); Griffin, W. Michael [Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States); Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15203 (United States)

2011-05-15

Malaysia's transportation sector accounts for 41% of the country's total energy use. The country is expected to become a net oil importer by the year 2011. To encourage renewable energy development and relieve the country's emerging oil dependence, in 2006 the government mandated blending 5% palm-oil biodiesel in petroleum diesel. Malaysia produced 16 million tonnes of palm oil in 2007, mainly for food use. This paper addresses maximizing bioenergy use from oil-palm to support Malaysia's energy initiative while minimizing greenhouse-gas emissions from land-use change. When converting primary and secondary forests to oil-palm plantations between 270-530 and 120-190 g CO{sub 2}-equivalent per MJ of biodiesel produced, respectively, is released. However, converting degraded lands results in the capture of between 23 and 85 g CO{sub 2}-equivalent per MJ of biodiesel produced. Using various combinations of land types, Malaysia could meet the 5% biodiesel target with a net GHG savings of about 1.03 million tonnes (4.9% of the transportation sector's diesel emissions) when accounting for the emissions savings from the diesel fuel displaced. These findings are used to recommend policies for mitigating GHG emissions impacts from the growth of palm oil use in the transportation sector. - Research highlights: {yields} We modeled greenhouse gas emissions in the production of palm-biodiesel. {yields} Five land types were included to model emissions associated with land-use change. {yields} Land-use change has the biggest impact on the emissions in making palm-biodiesel. {yields} Emissions from fertilizer use and effluent treatment are still significant. {yields} At 5% biodiesel grown on suitable lands Malaysia would obtain an emissions savings.

Russian Gas Market: Entering New Era

International Nuclear Information System (INIS)

Mitrova, Tatiana; Molnar, Gergely

2015-04-01

After a period of extensive growth in the 2000's, the Russian gas industry is now facing numerous challenges. Mounting competition by independent producers and the development of new production by Gazprom, combined with stagnating domestic demand and weakening export markets, have created a situation of overproduction, made worse by western sanctions and low oil and gas prices. Expansion to the East thanks to the recent China deal is not expected to provide much relief before 2024. The coming decade will be critical for the industry and its outcome will largely depend on the government's pricing and institutional policies but the role of the state should remain essential. This document presents the key findings of the New CEDIGAZ report 'Russian Gas Market: Entering New Era'. The report analyses the ongoing changes in the Russian industry and the challenges to be met

Impact analysis of leading sub sector on basic sector to regional income in Siak Regency, Riau Province

Science.gov (United States)

Astuti, P.; Nugraha, I.; Abdillah, F.

2018-02-01

During this time Siak regency only known as oil producing regency in Riau province, but based on the vision of spatial planning Siak’s regency in 2031 there was a shift from petroleum towards to other sectors such as agribusiness, agroindustry and tourism. The purpose of this study was to identify the sector base, the leading subsectors and shift with their characteristics and to identify the leading subsectors development priority. The method used in this research consisted of the method of Location Quotient (LQ, Shift Share, and Overlay method). The research results were used Location Quotient (LQ) to identify sector’s base in Siak regency based on the document of PDRB. The sector’s refers to the constant prices year of 2000 were mining and quarrying sector (2.25). The sector’s base using document of PDRB at constant prices 2000 without oil and gas sector was the agricultural sector with a value of LQ was 2,45. The leading sub sector in the Siak regency with mining and quarrying sector was oil and gas (1.02) and leading sub sector without oil and gas sector was the plantation sector (1.48) and forestry sector (1.73). Overlay analysis results shown that agriculture sector as a sector base and plantation and forestry as a leading sub sector has positive value and categorize as progressive and competitiveness. Because of that, this leading sub sector gets high priority to developing.

Economic Sanctions as a Factor of Modernizing of Russian Defense Industry Complex

Directory of Open Access Journals (Sweden)

Rustem M. Nureev

2017-09-01

Full Text Available The article is devoted to the analysis of the defense-industrial complex (DIC of Russia in the conditions of economic sanctions. And although the center was the oil and gas industry, as well as the banking sector, economic sanctions against Russia affected the DCI. They touched first of all on such large Russian defense concerns as air defense "Almaz- Antey", "Sirius", "Stankoinstroment", "Kalashnikov", "Tula Arms Factory", NGO "Oriental Complexes", as well as "Dobrolyte". The prohibition of debt financing has affected such major enterprises of the defense industry as "Uralvagonzavod", "Oboronprom", "United Aircraft Corporation". The article shows, in general, the favorable impact of sanctions on the industry. At the end of 2016, Russia took the second place in world arms exports with a share of 23%, the US became the leader – their share was 33%. But the structure of the share capital in the defense industry companies is completely different if we compare these two countries: in the US, private companies dominate the market, in Russia – the largest enterprises are owned by the state. In the course of the analysis, it turned out that Russian defense industry enterprises are unprofitable or unprofitable, they do not have stability in financial performance, since they are highly dependent on government spending. To improve the current situation in this sector, it is advisable for the state to modernize the military-industrial complex companies in order to enhance the role of market mechanisms that will stimulate R & D, as under modern conditions of competition in any market, innovations represent an exclusive advantage for enterprise prosperity.

Economic Analysis of Solar Energy Using in Oil Sector Economy in Republic of Tatarstan

Science.gov (United States)

Kulikova, L. I.; Goshunova, A. V.; Nutfullina, D. I.

2017-11-01

In the current economic conditions further increase of the profit or maintenance of its current level on the base of extensive development factors is no longer possible. The example of the oil-extracting company in the Republic of Tatarstan demonstrates that in the future it will be possible to replace traditional energy sources with solar energy; it will reduce energy costs for oil extraction, production costs and provide an increase of corporate efficiency. The economic analysis results show that the use of solar electricity can lead to 4.68% reduction in total electricity costs. In addition, the energy consumption per ton of oil produced is reduced. The share of electricity costs in the oil cost is reducing from 12.13% to 11.56%. Consequently, in the long term, the impact of total energy costs reduction can become more significant. In this way solar energy can become quite a real alternative in ensuring the energy needs of the economy of the oil-extracting sector of the Republic of Tatarstan and become a driver of intensive economic development.

Czechs and Slovaks in Russian Captivity during World War I (1914-1918)

OpenAIRE

Oksana E. Dmitrieva

2013-01-01

The article is focused on the features of more than 250 000 Czechs and Slovaks in Russian captivity during World War I: the amount, quartering and supply benefits, work in various sectors of the Russian economy, military units formation, social and national organizations activities, charity support. The conditions of Czechs and Slovaks captivity are recollected. New sources are introduced into scientific use.

Common Health, Safety and Environmental Concerns in Upstream Oil and Gas Sector: Implications for HSE Management in Ghana

Directory of Open Access Journals (Sweden)

Seth Oppong

2014-01-01

Full Text Available This paper explores the literature to identify common occupational injuries, diseases, and psychological wellbeing on oil rigs as well as the negative environmental impacts of the upstream oil and gas sector. It ends by making recommendations for effective health, safety, and environmental (HSE management. Review of the literature showed that contusion (bruise, cuts, and laceration are the commonest occupational injuries that workers on the oil rig suffer and that the injuries mostly affect the hand and finger, leg, and eyes of the offshore workers. These injuries were found to be caused mostly by direct stroke, jamming and overstrain. Similarly, accidental poisoning, musculoskeletal disorders, respiratory disorders and diseases of the digestive system were also documented as the commonest occupational diseases among offshore workers. The literature also shows that working offshore is associated with poorer psychological wellbeing or health; this is to say that offshore workers tend to experience higher levels of stress, burnout, anxiety, depression, low job satisfaction (particularly with the environmental conditions associated with their work, and sleep disorders. Finally, the literature review indicated that land-use problems, air pollution, acid rain, climate change, habitat disruption, environmental degradation, oil spills and leakages are some of environmental impacts of upstream oil production. This review was concluded by recommending some measures for the management of the HSE hazards associated with the oil and gas sector.

Oil inventory behaviour: the public and private sector relationship and the free-rider problem

International Nuclear Information System (INIS)

Al-Faris, A.F.

1992-01-01

For oil-importing countries, the uninterrupted flow of energy sources lies at the heart of their national security. The crises of 1973-74 and 1979-80 have demonstrated the vulnerability of their economies to oil shortages, and the need to maintain a certain level of stocks to absorb unexpected losses in normal supply. On the other hand, oil producers have perceived a large inventory accumulation as a destabilizing factor to the oil market. This paper introduces fresh evidence on the dynamic nature of the relationship between OECD countries on the one hand and the public and private sectors on the other. The aims of the paper are, thus, twofold. The first is to highlight the underlying determinants of the inventory policies in major OECD countries. Of particular interest to this inquiry is the question of the free-rider phenomenon. The second is to study the interaction between public and private inventories in the framework of a dynamic model. (author)

Coal Mine Methane in Russia [Russian Version

Energy Technology Data Exchange (ETDEWEB)

NONE

2010-07-01

This paper discusses coal mine methane emissions (CMM) in the Russian Federation and the potential for their productive utilisation. It highlights specific opportunities for cost-effective reductions of CMM from oil and natural gas facilities, coal mines and landfills, with the aim of improving knowledge about effective policy approaches.

Efficiency model of Russian banks

OpenAIRE

Pavlyuk, Dmitry

2006-01-01

The article deals with problems related to the stochastic frontier model of bank efficiency measurement. The model is used to study the efficiency of the banking sector of The Russian Federation. It is based on the stochastic approach both to the efficiency frontier location and to individual bank efficiency values. The model allows estimating bank efficiency values, finding relations with different macro- and microeconomic factors and testing some economic hypotheses.

Rebound and disinvestment effects in refined oil consumption and supply resulting from an increase in energy efficiency in the Scottish commercial transport sector

International Nuclear Information System (INIS)

Anson, Sam; Turner, Karen

2009-01-01

In this paper, we use an energy-economy-environment computable general equilibrium (CGE) model of the Scottish economy to examine the impacts of an exogenous increase in energy augmenting technological progress in the domestic commercial Transport sector on the supply and use of energy. We focus our analysis on Scottish refined oil, as the main type of energy input used in commercial transport activity. We find that a 5% increase in energy efficiency in the commercial Transport sector leads to rebound effects in the use of oil-based energy commodities in all time periods, in the target sector and at the economy-wide level. However, our results also suggest that such an efficiency improvement may cause a contraction in capacity in the Scottish refined oil supply sector. This 'disinvestment effect' acts as a constraint on the size of rebound effects. However, the magnitude of rebound effects and presence of the disinvestment effect in the simulations conducted here are sensitive to the specification of key elasticities of substitution in the nested production function for the target sector, particularly the substitutability of energy for non-energy intermediate inputs to production.

Rebound and disinvestment effects in refined oil consumption and supply resulting from an increase in energy efficiency in the Scottish commercial transport sector

Energy Technology Data Exchange (ETDEWEB)

Anson, Sam [Transport Analytical Services, Scottish Government, Victoria Quay, Edinburgh, EH6 6QQ (United Kingdom); Turner, Karen [Department of Economics, University of Strathclyde, Sir William Duncan Building, 130 Rottenrow, Glasgow G4 0GE (United Kingdom)

2009-09-15

In this paper, we use an energy-economy-environment computable general equilibrium (CGE) model of the Scottish economy to examine the impacts of an exogenous increase in energy augmenting technological progress in the domestic commercial Transport sector on the supply and use of energy. We focus our analysis on Scottish refined oil, as the main type of energy input used in commercial transport activity. We find that a 5% increase in energy efficiency in the commercial Transport sector leads to rebound effects in the use of oil-based energy commodities in all time periods, in the target sector and at the economy-wide level. However, our results also suggest that such an efficiency improvement may cause a contraction in capacity in the Scottish refined oil supply sector. This 'disinvestment effect' acts as a constraint on the size of rebound effects. However, the magnitude of rebound effects and presence of the disinvestment effect in the simulations conducted here are sensitive to the specification of key elasticities of substitution in the nested production function for the target sector, particularly the substitutability of energy for non-energy intermediate inputs to production. (author)

The Mediterranean Diet and the Increasing Demand of the Olive Oil Sector: Shifts and Environmental Consequences

Directory of Open Access Journals (Sweden)

Bruno Neves

2018-06-01

Full Text Available Mediterranean countries play a crucial role as olive oil producers and consumers compared to other world regions. This work focusses on the development of the world production, trade and consumption where the Mediterranean region stands out from the rest of the world, in particular, the Northern Mediterranean countries. Aspects such as how communication emphasizes the benefits of the Mediterranean diet - which is a distinctive characteristic of the Mediterranean culture and identity - the Slow Food Movement, the International Olive Council campaigns, and the successive Common Agricultural Policies, that have triggered production, trade and consumption around the world, are here discussed. Such increases and stimuli brought and is still bringing changes to the olive oil sector such as a shifting tendency in production modes as well as modernization of the sector, responding to the increasing demand. These shifts and demand are changing landscapes and are being referred as environmentally harmful to the ecosystems as the production of olive oil is shifting to more intensive production systems and monoculture plantations. These issues are here debated and illustrated with case study examples, referring to the Mediterranean countries, particularly, referring to the Iberian Peninsula.

Czechs and Slovaks in Russian Captivity during World War I (1914-1918

Directory of Open Access Journals (Sweden)

Oksana E. Dmitrieva

2013-01-01

Full Text Available The article is focused on the features of more than 250 000 Czechs and Slovaks in Russian captivity during World War I: the amount, quartering and supply benefits, work in various sectors of the Russian economy, military units formation, social and national organizations activities, charity support. The conditions of Czechs and Slovaks captivity are recollected. New sources are introduced into scientific use.

Evaluation of Risks Related To Russian Power Grid Companies by Foreign Investors

Directory of Open Access Journals (Sweden)

Daria L. Val'kova

2016-01-01

Full Text Available The article focuses on the impact of the current crisis on evaluation of risks related to Russian power grid companies by foreign investors as well as on prospects of raising foreign capital. The current situation resulted in a considerable deterioration of investment climate in Russia as well as in aggravation of industry-specific problems. Inflation growth, devaluation of the national currency, GDP decrease, drop in electricity consumption and the crisis in the banking sector negatively impact the investment profile of the country. This leads to increased risk premium for foreign capital investments in any type of Russian assets. At the same time industry-specific problems augmented as well. Those are primarily lack of transparency in regulation, which is subject to constant changes, growth in overdue receivables, limited access to modern technologies. All of the above had a considerable impact on the perception of Russian risks by international investors. A comprehensive approach is needed to improve the investment climate in the country and this would be largely defined by the general macroeconomic development of the Russian Federation and relations with other states. Consistent strategy and integrated actions of the Government and respective Ministries are of particular importance. As for the industry-specific factors, transparent and well-balanced long-term tariff system is the key condition for sustainable improvement of the situation in the sector, according to the major industry participants and leading experts. Thus, the article highlights changes in investor perception of the Russian power grid sector as well as relative impact on the industry development prospects. This analysis is the basis for further elaboration of recommendations regarding easing off of the crisis impact on the power grid companies as well as for assessment of prospects of meeting strategic industry development objectives.

Energy conservation: an alternative for investment in the oil sector for OPEC member countries

International Nuclear Information System (INIS)

Zamani, M.

2005-01-01

Investment in the oil sector is the main policy of expanding net crude oil export capacity in OPEC Member Countries. The other alternative should be improving energy conservation policies. Since these countries benefit from cheap energy sources, it is reasonable to expect inefficient use of energy in their economies, resulting in relatively high energy intensity. This paper deals with the causality relationship between energy consumption and gross domestic product (GDP). First, stationary tests are run. Second, if there is a cointegrating relationship, an error correction model is applied; otherwise a standard Granger causality test is conducted. It was discovered that for all OPEC Member Countries we cannot statistically accept causality running from energy to GDP. Therefore, not only are proper conservation policies not a threat to economic growth, they also lead to an expansion of oil export capacity. (author)

Western values and the Russian energy weapon

Science.gov (United States)

Domingues, Bennett K.

This thesis explores the competition between Russia and the West for the oil and gas resources of the Caspian Sea region, an area where far more is at stake than simply acquisition of new energy supplies. Ultimately, the "winner" of the competition for Caspian Sea energy resources will determine whether Russia will become the primary energy supplier for Europe in the future, or whether there will be alternative, non-Russian energy routes from East to West. The thesis uses a qualitative approach, drawing on scholarly books and articles, current affairs publications, energy firm websites, and other sources to compare the ethical aspects of the strategies used by Russia and the West, to determine whose strategy has been more successful, and to analyze what this means for the political, economic, and security future of Europe. As this thesis demonstrates, Russia recognizes the importance of energy as both an economic and foreign policy tool. To secure access to the resources of the Caspian Sea region, Russia has used bribery and strongman tactics to secure arrangements and contracts favorable to Russian interests. When a country does not capitulate to these tactics, Russia applies other measures to influence these countries' policies. This thesis draws on two recent examples, Ukraine and Georgia, to demonstrate how Russia has used its position as a supplier of energy resources to influence countries to adopt policies complementary to Russian interests, or to punish them for failing to do so. The effectiveness of these Russian tactics is an important precedent for the countries of the Caspian Sea region to keep in mind as they make decisions that will determine their economic and political future for decades to come. In contrast, the western strategy of promoting quality products and services, while ensuring safety and conducting business according to western ethical norms, has been less successful than western firms originally envisioned. Undoubtedly western firms have

Assessment of the economic sanctions influence on the Russian banking system

Directory of Open Access Journals (Sweden)

Dilyara F. Zakirova

2018-03-01

Full Text Available Objective to study the impact of economic sanctions on the key indicators of the liquidity and financial condition of the sanctioned banks of the Russian Federation by comparing them to the indicators of nonsanctioned credit institutions. Methods logical method method of comparative analysis statistical methods method of graphic images. Results the article examines the impact of economic sanctions on the Russian banking system. The sanctions affecting the Russian banking system are presented in chronological order. It is stated that the negative impact of the Western sanctions on the banking system is not denied. The authors analyze scientific works devoted to the effect of sanctions on Russian banks. The analysis revealed the absence of comprehensive studies of the effect of sanctions on the liquidity and financial condition of the sanctioned banks. For this assessment the authors analyzed the performance indicators of six sanctioned and six nonsanctioned Russian banks with the largest assets. It is proved that economic sanctions led to deterioration of the financial results of the sanctioned banks increased their dependence on the domestic interbank market and the funds from Bank of Russia. Other changes were mainly due to the overall economic situation internal policies of banks and the policy of the Bank of Russia not the sanctions. nbsp Scientific novelty the article for the first time basing on the comparative analysis of the main performance indicators of the sanctioned and nonsanctioned banks proved the impact of economic sanctions on the Russian banking system. However despite the banking sector adaptation to the existing conditions through their reorientation to the domestic market it should be noted that a certain tension ensuring the longterm liquidity is still preserved. The cost of the available longterm resources to be attracted remains relatively high which influences the financial results of the banking sector. Therefore without

Development of taxation system for oil production companies in Russia

Science.gov (United States)

Salmina, S. V.; Sboeva, I. M.; Selivanovskaya, J. I.; Khafizova, A. R.; Fomin, V. P.

2018-01-01

The present article is devoted to the taxation system for oil production companies in Russia. The role of oil production companies in the realization of the fiscal function of the state is shown. Tax and due receipts at the consolidated budget of the Russian Federation from major economic sectors in the years 2013-2015 are presented and analysed. An investigation of oil production taxation peculiarities is carried out. In particular, mineral extraction tax analysis is made, the said tax being one of the basic taxes paid by oil production companies. The authors come to a conclusion that mineral extraction tax in Russia needs reforming. Based on the investigation realized possible ways of taxation system development in respect of oil production companies in Russia are proposed. Thus, taking into account the fact that oil industry is very important for budget revenue formation, initially it is planned to test the new taxation system principles in a limited number of deposits, so called ‘pilot projects’. For highly profitable minefield deposits it is planned to introduce progressive and regressive index, varying depending on oil prices. Within the framework of the investigation the authors come to a conclusion that it is necessary to introduce gradually the taxation system based on the definition of surplus profit depending on the cost effectiveness and taking into account oil prices.

Features of the marketing strategy of oil and gas companies in exploration drilling

Science.gov (United States)

Sharf, I.; Malanina, V.; Kamynina, L.

2014-08-01

The implementation of national and regional programs for the development of new oil and gas provinces of Eastern Siberia poses the challenge of increasing geological exploration. The current drilling service companies' market structure, as well as the strategic task of search and exploration effectiveness requires qualitatively new approaches for choosing a contractor. The proposed strategy to select a contractor based on comprehensive analysis of certain groups of industrial, financial, infrastructural criteria allows not only to optimize the costs of exploration activities, but also to minimize preventively the risks of a poor geological exploration. The authors' SWOT- analysis of the marketing strategy of "Gazprom neft" for choosing a contractor outlined the problem of imperfection of the Russian legislation in the sphere of activities of service companies in the oil and gas sector.

CDM (Clean Development Mechanism) opportunities for the oil and gas sector

Energy Technology Data Exchange (ETDEWEB)

Franco, Joana Chiavari [FEEM - Fondazione Eni Enrico Mattei, Milan (Italy). Eni/Agip Group

2004-07-01

Due to the broad impact of legislation limiting greenhouse gas emissions and the increasing public awareness concerning the environment, the oil industry has been currently incorporating climate change considerations in its corporate strategy. However, compliance in the carbon constrained economy does not merely represent a cost issue; it also represents an opportunity. Projects developed under the Clean Development Mechanism (CDM) in particular represent an incentive both for companies and governments to invest in emission reduction projects in developing countries and earn carbon credits, while promoting sustainable development. The oil industry is characterized by a high emission reduction potential and is able to deliver to the market an amount of credits which is by far higher than the amount that most projects developers are able to offer. However some critical issues, such as the current interpretation of the additionally concept, may represent a barrier for the full utilization of such mechanism, particularly regarding petroleum-sector projects, thus reducing the benefits the CDM can actually produce. Considering that a very large number of CDM projects may be needed for the implementation of a successful climate policy, the engagement of the oil industry on the Kyoto mechanisms is very important and auspicial. (author)

Forecasting of Energy and Petroleum Consumption by Motor Transport in the Regions of the Russian Federation

Directory of Open Access Journals (Sweden)

Leontiy Viktorovich Eder

2017-09-01

Full Text Available The paper offers the directions for the improvement of methodological approach to forecasting the energy consumption in transport, taking into account special features of Russian regions. The authors developed a multivariate model allowing to predict the motor vehicle rate specified for the regions of the Russian Federation depending on the economic, social and institutional features. We formalized the dynamic (trend model for predicting the effectiveness of energy consumption per unit of the vehicle in Russia with details on Federal districts. In the study, in predicting the number of motor transport, the authors applied the methods of economic and mathematical simulation modelling based on the results of the econometric analysis for the calculation of the population having motor transport. In determining the potential specific energy consumption, we have aggregated trending patterns and convergence. The study has shown that by 2040, the number of passenger cars in Russia will grow to 57.1 million, and the total number of all types of road transport will grow by 14.9 million units to 66.2 million. The highest growth rates are predicted in the Central regions of Russia and in some areas of Siberia. The smallest growth rates are expected in the Chukotka Autonomous District, Kamchatka and Primorsky regions. Energy efficiency in transport and active introduction of alternative motor fuels, primarily methane, will reduce the consumption of gasoline and diesel fuel by motor transport. Thus, in the forecast period of 2018–2040, the consumption of petroleum products by motor transport will be reduced by 8.9 million tons: from 61,9 million tons of oil to 51.7 million tons of oil. The results of the study can be applied for the formulation of proposals on the creation of scientific and methodological apparatus to predict the development of transport sector and oil products supply in of the regions of Russia.

Russian electricity reform. Emerging challenges and opportunities

Energy Technology Data Exchange (ETDEWEB)

NONE

2005-07-01

The Russian Government is pursuing a strategy of very high economic growth, with the objective of doubling gross domestic product in ten years. It recognises the central role the electricity sector has to play to achieve this target and has embarked on a highly ambitious program of electricity reform. If it is to succeed, the reform program will have to create market structures, market rules and a regulatory framework that will foster competitive wholesale and retail electricity markets. At the same time, it will have to deal with sensitive social issues related to tariff rebalancing and the removal of cross subsidies. Only competitive markets based on transparent prices that reflect costs can deliver the efficient, reliable and internationally competitive performance needed to meet the government's economic targets. Such markets are essential to attract new investment that will be required to ensure security of electricity supply after 2010. This book focuses on key aspects of the proposed reform that could have an important bearing on its success. It also raises concerns as to the pace of reform in related areas, such as the need for complementary reforms in the Russian natural gas sector. The IEA commends the Russian Government on its efforts to embrace this electricity reform - a key element critical to meeting the challenges ahead in terms of its economic growth and energy security. 17 figs., 10 tabs., 3 maps.

Russian Federation Financial Sector Assessment Program : Insurance Core Principles Assessment

OpenAIRE

World Bank; International Monetary Fund

2016-01-01

With about RUB 988bn (USD 26bn) in gross premium written, in 2014, the Russian insurance industry ranked 27th in the world. Non-life insurance premium accounted for 89 percent of GPW while life insurance for only 11 percent. In 2015, the industry also faced with the consequences of the Western economic sanctions which effectively closed access to the high quality Western reinsurance capaci...

Energy. Sector 1

International Nuclear Information System (INIS)

1994-01-01

The aim of this article is to report the results of the greenhouse gas (GHG) emission inventory for the year 1994. The following GHG are of interest in the energy sector: Carbon dioxide CO 2 , methane CH 4 , nitrous oxide N 2 O, oxides of nitrogen NO x , carbon monoxide CO, sulphur dioxide SO 2 and non-methane volatile organic compounds (NMVOCs). The inventory has focused on the following GHG related sources: -Electricity generation through the electric utility. -Private generation of electricity -Manufacturing industries and construction -Transport: road, domestic aviation and national navigation -Energy use in the residential sector -Energy use in the commercial/institutional sector -Energy use in the agriculture/forestry/fishing sector The fuel types taken into consideration are:Gasoline, jet Kerosene, Kerosene for household use, gas oil, diesel oil, fuel oil, LPG, lubricating oil, coal, wood and charcoal (solid biomass). Care has been taken to eliminate the fuel used by international marine and aviation bunkers from the national inventory. The amount of GHG released to the atmosphere has been estimated using the IPCC methodology and emission factors .Where national emission factors differed from those of IPCC, the factors are discussed. Complete documentation of compiled information and data sources are attached to this article.Finally both the reference approach and analysis by source categories have been carried out and are reported in this inventory

Rhetoric versus reality: Russian threats to European energy supply

International Nuclear Information System (INIS)

Goldthau, Andreas

2008-01-01

European gas demand will rise from presently 540 billion cubic meters (bcm) to around 800 bcm in 2030. As more than 50 percent of overall European imports originate from Russia, fears have been expressed that the Kremlin could use energy resources as a foreign policy tool. A thorough assessment of domestic consumption, production and investment volumes however reveals that Russian supply will have difficulties in matching growing domestic and European demand. Hence, as the author argues, the threat to European gas supply does not lie in geopolitics, but rather in a lack of investment in the Russian upstream sector. Higher domestic Russian gas prices, enhanced energy efficiency and increases in non-Gazprom production would however make it possible for Russia to meet domestic demand and its export commitments for natural gas

Technological advancements revitalize conventional oil sector

International Nuclear Information System (INIS)

Thomson, L.

2000-01-01

Maturing reserves in the Western Canada Sedimentary Basin is resulting in a gradual shift of focus from huge new discoveries and wildcat gushers to developing new technologies for exploration and enhanced recovery techniques of production, keeping costs down and reducing environmental impacts, as a means of keeping conventional oil plays a viable force in the oil and gas industry. The value in refocusing efforts towards technology development is given added weight by a recent announcement by the Petroleum Communication Foundation, which stated that in addition to the oil sands and offshore oil and gas developments, one of the country's largest undeveloped oil resource is the 70 per cent of discovered crude oil in western Canadian pools that cannot be recovered by current conventional production techniques. Therefore, development of new technologies to exploit these currently unrecoverable resources is a matter of high priority. To remain competitive, the new techniques must also lower the cost of recovering oil from these sources, given that the cost of oil production in Canada is already higher than that in most other competing countries

Funding the heavy oil sector's innovation : maximizing Canada's R and D tax credit

International Nuclear Information System (INIS)

Hill, G.S.; Bernard, M.; Cheung, S.

2008-01-01

Canada offers one of the most generous, broadly applicable business tax incentives for eligible research and development projects in the world. The scientific research and experimental development (SR and ED) program is administered by the Canada Revenue Agency and is the single largest federal program, providing over 3 billion dollars in tax assistance to Canadian businesses in 2006. The development of in-situ oil sands recovery technologies such as steam assisted gravity drainage and other techniques have been research-intensive undertakings that have historically benefited from the SR and ED program, many of which are now commercial available technologies. The SR and ED program definition, eligible activities, eligible expenditures, and benefits were described in this paper. These benefits include the ability to deduct qualifying expenditures currently or to defer them indefinitely, as well as investment tax credits that reduce taxes payable on a dollar for dollar basis. Research and development in the heavy oil and oil sands industries was also discussed with reference to platforms for research and development; areas of potential SR and ED. It was concluded that the SR and ED program is a vital source of financing to many Canadian corporations, and could offer significant assistance to companies in the heavy oil and oil sands sector by returning 20-35 per cent of the expenditures back at the federal level as a tax credit. 5 refs

Recent Developments in Russian agro-food sector and its further policies

NARCIS (Netherlands)

Koshelev, V.M.; Bezlepkina, I.V.; Bogdanovitch, G.V.

2002-01-01

Russian economy has experienced many changes since the economic reform started in the beginning of the 90-s. The price liberalisation launched in 1992 diminished the role of central planning in the allocation of inputs and outputs in favour of the role of market prices. The reform of the

Price and Income Elasticities of Russian Exports

Directory of Open Access Journals (Sweden)

Bernardina Algieri

2004-12-01

Full Text Available The paper gauges export demand elasticities for Russia using an Error Correction technique within a cointegration framework. An extended version of the Imperfect Substitutes Model has been implemented to estimate the sensitivity of Russian exports without oil components to price and to Russian and world income. Our results suggest a robust and negative long run cointegration relationship between the real effective exchange rate, defined as the weighted average of the rouble’s exchange rates versus a basket of the three currencies with the largest share in the trade turnover adjusted to incorporate inflation rate differences (the ratio of the domestic price indices to the foreign price indices, and Russian exports. An increase in exports by 24% is caused by a real depreciation by 10%. Furthermore, a 10% growth in world income leads to a 33% rise in exports. Finally, exports drop by 14% whenever a 10% increase in domestic income occurs

Corporate debts ad credit performance under the new mechanism of reorganization of the Russian banks

Directory of Open Access Journals (Sweden)

Sergey A. Andryushin

2017-09-01

Full Text Available Objective to explore the dynamics and factors of formation of corporate debts the characteristics of low credit activity of the Russian banks and regulation of liquidity deficit of enterprises under the new reorganization mechanism in the Russian banking sector. Methods systematic approach to the cognition of economic phenomena which allows to study them in their dynamic development taking into account the influence of various environmental factors. The systematic approach determined selection of specific research methods empirical logical comparative and statistical. Results the article is devoted to the problems of declining credit activity of commercial banks under the conditions of economic activity revival as well as to assessing the impact of the new reorganization mechanism on this process. It is shown that in the recent years the nonfinancial sector faces the trend of optimizing the corporate debts and the liquidity deficit which reduced the demand for loans and as a consequence decreased the banksrsquo credit activity. To analyze the dynamics of deficitsurplus of liquidity in the corporate sector a new classification of liquidity deficitsurplus levels was introduced. Based on the proposed classification the risk factors were identified that influenced the dynamics of indebtedness in the corporate sector. The article also analyses the modern monetary mechanism of money supply in the economy and its transformation. It was determined that the main limitation of credit issuance by commercial banks is their capital not the reserve multiplier. The new mechanism of credit institutionsrsquo financial recovery and its impact on the banksrsquo credit activity was estimated. The conditions of liquidity deficiency reduction in the Russian companies were analyzed in the medium term. Scientific novelty for the first time on the basis of system analysis methods the growth factors of the corporate debt load were identified the peculiarities of low

Key Directions of Sectoral and Spatial Changes in the Russian Industry

Directory of Open Access Journals (Sweden)

Chasovsky Vladimir

2015-09-01

Full Text Available This article considers major trends in the spatial and sectoral structure of national production and analyses the patterns of transformation of industrial systems into integrated industrial complexes, which show higher efficiency in transit condiétions. The author presents a new approach to studying the structural transformation of industrial systems during the transition of the national economy, which will make it possible to identify major trends in national production. The article seeks to draw attention to the methodology of developing and implementing industrial policy and devising an algorithm of effective transition of Russian industries in the modern conditions of international division of labor. The modernization and transnationalization of national production rests on a number of methods that make it possible for the corporate management to react rapidly to changes in the global market situation. These methods include strategic segmentation, analyzing the ability to adapt to the expected conditions, devising a company’s entrepreneurial strategy, and changes in the spatial and industrial structure of production. The transformation of national industry is associated with the introduction of mechanisms of industrial integration structures using single organizational production modules capable of rational combination and transformation of the elements of national production structure to create competitive transnational production associations, such as clusters and other production forms serving as ‘growth poles’ and becoming elements of the emerging framework for national production. This methodology makes it possible to develop new approaches, methods, and principles for analyzing the transformation of the national spatial and industrial system during economic transition. Current factors, features, patterns and trends in the transformation of national industrial systems are identified; a mechanism for devising and implementing a

Russia's projects and investments in Central Asia: the oil and gas industry

OpenAIRE

Paramonov, Vladimir; Strokov, Aleksei

2008-01-01

In the 1990s, Russia's projects and investments in the Central Asian oil and gas industry were mainly concentrated in Kazakhstan, while its interest in other states of the region were minimal. When Vladimir Putin became Russian president in 2000 and the price of hydrocarbons steadily rose, Central Asia's importance abruptly increased. This caused the Russian Federation and Russian oil and gas companies to drastically step up their activity not only in Kazakhstan, but also in Turkmenistan and ...

The Western Balkans Geopolitics and Russian Energy Politics

Directory of Open Access Journals (Sweden)

Muhidin Mulalic

2014-12-01

Full Text Available The Energy politics is today at the center of the Russian and the Western Balkans relations. It is widely known that Russia has been playing significant role in world energy supply. Therefore, Russian energy companies have taken a leading role in the promotion of their businesses in the Western Balkans. The Western Balkans region has become geostrategic partner as a transit route for the integration of Russia into the global energy world market. With regards to the transportation of gas Western Balkans as a transit route is determined to fully realize South Stream project. In contrast to “a buffer zone” role, in the past few decades the Western Balkans gained an attention from Russia and became an important geopolitical bridge towards Western Europe. Such geopolitical and geostrategic planning of Russia is apparent with regards to gas and oil. Due to Russian South Stream gas pipeline project the Western Balkans became an important European energy transforming center. These new geostrategic games over the pipeline have also revived the Russian historical interests in the Balkans. This paper aims to analyze Russian-Western Balkans relations with special emphasis on energy politics and geopolitical and geostrategic interdependence of Russia and the Western Balkans.

Russian naval bases due commercial development

International Nuclear Information System (INIS)

Anon.

1992-01-01

Tecnogrid Group, New York, has signed a joint venture with the Russian Navy for commercial development of a wide range of sea dn land based assets owned by the former Soviet Navy. This paper reports that among other things, the venture aims for projects that will allow greater volumes of oil exports by revamping several naval bases. Tecnogrid's partner in the joint venture is AO Navicon, A Russian stock holding company that is the commercial arm of the Navy. Navicon has the sole right to commercially develop and deploy the Navy's assets. The Navy can no longer depend on the state for support, and Adm. Ig. Malhonin. With that in mind, the Navy is looking to become the leading force in moving toward a free market economy. Mahonin is Russia's second ranking naval official

The reorganization of the Russian hydrocarbons industry: an overview

International Nuclear Information System (INIS)

Locatelli, C.

1995-01-01

The purpose of this article is to present the main guidelines for the reorganization of the Russian hydrocarbon industry. Specifically, it focuses on the economic conditions concerning the constitution of Russian oil companies in an uncertain environment. In Russia, one of the main problems is to create autonomous energy enterprises. The main conclusion is that up to now the reorganization has been essentially juridical, connected with the constitution of joint stock companies. From an economic point of view, the organizational model behind these joint stock companies is not very well defined and lacks clearly defined coordination mechanisms. (author)

Features of the marketing strategy of oil and gas companies in exploration drilling

International Nuclear Information System (INIS)

Sharf, I; Kamynina, L; Malanina, V

2014-01-01

The implementation of national and regional programs for the development of new oil and gas provinces of Eastern Siberia poses the challenge of increasing geological exploration. The current drilling service companies' market structure, as well as the strategic task of search and exploration effectiveness requires qualitatively new approaches for choosing a contractor. The proposed strategy to select a contractor based on comprehensive analysis of certain groups of industrial, financial, infrastructural criteria allows not only to optimize the costs of exploration activities, but also to minimize preventively the risks of a poor geological exploration. The authors' SWOT- analysis of the marketing strategy of ''Gazprom neft'' for choosing a contractor outlined the problem of imperfection of the Russian legislation in the sphere of activities of service companies in the oil and gas sector

Gulf Canada's Russian joint venture

International Nuclear Information System (INIS)

Motyka, D.

1992-01-01

After three years of evaluating prospects and negotiating with government and industry representatives, Gulf Canada established its first joint venture in the Russian Federation with Komineft, a production association from the Komi autonomous republic. Komineft has a 50% share of the venture, and the rest is shared equally between Gulf and British Gas. The operating area is at the Vozey and Upper Vozey fields in the Timan-Pechora Basin, some 1,500 km northeast of Moscow just inside the Arctic Circle. An attractive feature of the Upper Vozey project is low development costs of ca $2/bbl. In the Vozey field, the venture will set up an enhanced oil recovery demonstration project to test techniques perfected in Alberta. About 60 Canadians are involved on the project, and headquarters are in Usinsk, ca 100 km south of the oil fields. In the first half of 1992, oil production in the first phase of the venture averaged around 10,000 bbl/d and continues to increase

Oil Extraction and Benefit Sharing in an Illiberal Context

DEFF Research Database (Denmark)

Tysiachniouk, Maria; Henry, Laura A.; Lamers, Machiel

2018-01-01

with Lukoil, a Russian oil company. The Nenets people, recognized by the Russian state as indigenous, are marginalized political actors who identified a route to receiving compensation for loss of land and damage to the environment as well as economic benefits under the auspices of Russian law and Lukoil......How can indigenous communities in illiberal regimes benefit from oil production? This paper compares the experience of two indigenous peoples in the Russian Arctic, the Nenets and the Komi-Izhemtsi, in their quest for environmental protection and the development of benefitsharing arrangements......’s corporate policies. In contrast, the Komi-Izhemtsi, despite indigenous status in global institutions including the United Nations and the Arctic Council, are unrecognized as indigenous domestically and initially received no compensation. Their path to benefit sharing was more challenging as they partnered...

The control of Russia's oil

International Nuclear Information System (INIS)

Khartukov, E.M.

1997-01-01

Over the past several years, Russia's oil industry has undergone its radical transformation from a wholly state-run and generously subsidized oil distribution system toward a substantially privatized, cash-strapped, and quasi-market ''petropreneurship''. As this drama privatization process was poorly masterminded, evidently misguided, hardly transparent and highly controversial, its early fruits are difficult to digest. Indeed, the rapid and controversial privatization of Russian oil is far from completion and its current ownership and management patterns leave too much room for questioning and speculation. Not surprisingly, few Western analysts are able to properly determine a scope and degree of the remaining state control over the industry. Russian observers too are badly informed. Consequently, assessments of currents state stake in, say, the country's largest oil company LUKoil typically oscillate from zero to 51% whereas, in fact, excluding 24.5% of its shares put aside for new holders, at present the State definitely owns just under 11.6% of the company equity. (author)

Gazprom: the European idealism to the test of Russian realism

International Nuclear Information System (INIS)

Dasseleer, P.H.

2009-01-01

This geopolitical book analyses a major element of the future Russian-European relations. Gazprom is not only a giant gas company but a real 'centre of power' complementary to the Russian government. Gazprom is responsible for 86% of the Russian national production of gas and owns 70% of the reserves. It is involved in oil, power generation, and nuclear energy too and employs more than 300.000 people. It contributes to 25% of Russia's budget. This study tries to decipher the temporal and geographical approach of Gazprom with respect to its field of action which is the European continent. This analysis puts forward Gazprom's energy policy, with its logical and rational organization in front of an hesitating and idealistic Western Europe. It offers some paths of reflexion about the future intra-continental negotiations aiming at ensuring the security of gas supplies in Europe. The Russian exports, often considered as a threat, would easily become an opportunity for the geo-political consolidation of the Old Continent. (J.S.)

Russian Initiatives in Internet Governance

Directory of Open Access Journals (Sweden)

Sergey Sergeevich Shirin

2014-01-01

Full Text Available The article is devoted to the research of Russian initiatives concerning its participation in international system of Internet governance. In the research, conceptual and theoretic basis for participation of state governments in Internet governance is given, academic discourse of this issue is assessed, the review of main Russian initiatives made from 2005 (since the second stage of the World Summit on Information Society till the present day is carried out. The conclusion is made that the most successful Internet governance initiative of Russia is the implementation of cyrillic top level domains. Much less successful are Russian attempts to reconstruct existing organizational structure of Internet governance. Russian policy is assessed as a policy of preferring loud statements and PR rather than real influence on development of Internet technologies. Russia consideres Internet as political resource and tries to increase its influence on decision making process on a political, not operational level of Internet governance. The author states that federal government of the United States of America has fully lost the control on the domain name systems. These functions are going to be given to the private sector, while ICANN, which was established according to the Memorandum of Understanding/Joint Project Agreement with U.S. Department of Commerce, is becoming a truly independent international organization. Considering this, the author comes to the conclusion that political transformations for the sake of Russia are already made. He also forecast that next initiatives of Russia will be directed to the segmentation of the Internet.

Russian in Estonia's Public Sector: "Playing on the Borderline" between Official Policy and Real-Life Needs

Science.gov (United States)

Berezkina, Maimu

2017-01-01

This article examines the use of Russian in state communication in officially monolingual Estonia. Drawing on interviews with high-level public employees in four central state institutions and an analysis of these institutions' websites, the article shows that while Russian is not specifically mentioned in the laws, it is "de facto"…

Prospects and opportunities the implementation of effective management models at the enterprises of the Russian industry

Directory of Open Access Journals (Sweden)

E. S. Balashova

2016-01-01

Full Text Available In 2015 the recession of the Russian economy continues. Economic forecasts of 2016 made by influential rating agencies and the International Monetary Fund are analyzed. It is emphasized that the course of structural economic changes, selected by the Russian government actualizes the issue of increasing the competitiveness of Russian industry on a global level that, in turn, contributes to the implementation of effective management models at the enterprises and organization of internal processes. Positively recommended concept of lean production abroad became popular in Russia in early 2000’s. First successful example of its implementation – CJSC “Ford Motor Company” is considered. A large number of enterprises which represent state corporations “Rosteh” and “Rosatom”, industrial group “Basic element”, OJSC “Russian Railways” and which are individual major representatives of the Russian industrial sector are investigated. Different ways of development of lean production by Russian enterprises are analyzed and the most common way – independent interpretation and implementation is identified. Review of the tools of this management model used at the Russian enterprises is paid great attention. The prevalence of such tool as 5S (approximately 87,5%, because of its visible simplicity of understanding and ease of implementation is noted. The most important indicator – the economic effect of the introduction of the lean production concept at the enterprises of Russian industry in 2014 is analyzed. It is concluded that the economic result of the use of management model at Russian industrial enterprises is extremely low and varies at most about 1% of revenue. The obtained results demonstrate the prospects of further development of lean production and prove the possibility of achieving a high competitiveness of the domestic industrial sector of economy.

Tug of war for the Eastern Siberian oil pipeline; Touwtrekken om de Oost-Siberische oliepijpleiding

Energy Technology Data Exchange (ETDEWEB)

Chrisstoffels, J.H.; Handke, S.

2007-10-15

The authors discuss the history and importance of the East-Siberia-Pacific Oil Pipeline (ESPO). This new pipeline is a crucial element of Russia's energy strategy, which calls for the diversification of Russian energy exports by developing East Siberia's oil and gas resources. The authors recall how the Russian state lost its grip on the economy in the 1990s when oligarchs, such as Michail Khodorkovsky, were able to take control over the oil sector, in particular East Siberia's resources. Khodorkovsky bypassed the Moscow government and proposed building a pipeline to China. His plans were only focused on his company's interests, while the Russian state would only get a small share of the revenues. The re-emerging Russian state under president Putin brought a halt to this project and opted for a route that would give Russia the opportunity to export oil to Japan. The struggle for this pipeline and its final route provides an interesting case study of recent political changes in Russia. Furthermore, it illustrates how the Russian state has re-asserted control over the energy industry and which role energy plays in the country's foreign economic policy. Siberia's energy resources can help Russia to participate in the economic rise of the Asia-Pacific region. ESPO is a first step to realize Siberia's potential and to boost Russia's political and economic position in East Asia and beyond. Hence the pipeline is a clear signal of Russia's re-emergence as a powerful player on the Eurasian continent. [Dutch] De auteurs bespreken de geschiedenis en het belang van de Oost-Siberie - Pacific Oil Pipeline (ESPO). Deze nieuwe pijpleiding is een cruciaal onderdeel in de Russische energie-strategie, waarin wordt opgeroepen tot de diversificatie van de Russische energie-export door het ontwikkelen van Oost-Siberische olie- en gasbronnen. De auteurs herinneren eraan hoe de Russische staat zijn greep verloor op de economie in de jaren 1990

Energy audit at Russian dairies. Energy guidance

Energy Technology Data Exchange (ETDEWEB)

Draborg, S [Dansk Energi Analyse A/S, Vanloese (Denmark); Sheina, L S; Kolesnikov, A I [RDIEE, Moscow (Russian Federation)

1999-12-31

The project encompassed following activities: Elaboration of a description of the Russian dairy sector including a mapping of the entire sector in respect of production capacity, actual production, products, production technologies and energy consumption; Energy audits at twelve selected dairies with different typical productions; Elaboration of an `Energy Audit Guidance` which describes how to perform energy audits in dairies and where to expect energy saving possibilities. The energy savings possibilities are often due to the same kind of problems, e.g. low production, inefficient equipment or manually control of the process equipment. The main problems that Russian dairies faces can be divided into the following categories: Old and inefficient technological equipment which is operated at low capacity with very low energy efficiency; Lack of knowledge about new energy efficient technologies; Financial problems which causes low interest and few possibilities for using funds for investment in energy efficient equipment; Energy savings do not lead to personal gains for the persons in the dairy management or other employees which causes low interest in energy savings. At some dairies it seemd to be a problem for the management to adapt to the new and very different conditions for enterprises in Russian today, where sales, production, production capacity and raw milk available are interconnected. With respect to energy matters it was often a wish to replace existing oversized equipment with new equipment of the same size no matter that it is unlikely that the production will increase considerable in the future. The project has discovered that there is a need for demonstrating energy saving measures by implementation because it was in many ways hard for the dairy management`s to believe that, the energy consumption could be reduced dramatically without affecting the production or the processes. Furthermore, the project has discovered a need for transferring to the

Energy audit at Russian dairies. Energy guidance

Energy Technology Data Exchange (ETDEWEB)

Draborg, S. [Dansk Energi Analyse A/S, Vanloese (Denmark); Sheina, L.S.; Kolesnikov, A.I. [RDIEE, Moscow (Russian Federation)

1998-12-31

The project encompassed following activities: Elaboration of a description of the Russian dairy sector including a mapping of the entire sector in respect of production capacity, actual production, products, production technologies and energy consumption; Energy audits at twelve selected dairies with different typical productions; Elaboration of an `Energy Audit Guidance` which describes how to perform energy audits in dairies and where to expect energy saving possibilities. The energy savings possibilities are often due to the same kind of problems, e.g. low production, inefficient equipment or manually control of the process equipment. The main problems that Russian dairies faces can be divided into the following categories: Old and inefficient technological equipment which is operated at low capacity with very low energy efficiency; Lack of knowledge about new energy efficient technologies; Financial problems which causes low interest and few possibilities for using funds for investment in energy efficient equipment; Energy savings do not lead to personal gains for the persons in the dairy management or other employees which causes low interest in energy savings. At some dairies it seemd to be a problem for the management to adapt to the new and very different conditions for enterprises in Russian today, where sales, production, production capacity and raw milk available are interconnected. With respect to energy matters it was often a wish to replace existing oversized equipment with new equipment of the same size no matter that it is unlikely that the production will increase considerable in the future. The project has discovered that there is a need for demonstrating energy saving measures by implementation because it was in many ways hard for the dairy management`s to believe that, the energy consumption could be reduced dramatically without affecting the production or the processes. Furthermore, the project has discovered a need for transferring to the

Oil companies make cutbacks

International Nuclear Information System (INIS)

Dupin, Ludovic

2014-01-01

As oil prices are falling, the oil sector faces company restructuring, merger projects, closure of oil fields, and so on. Restructuring is motivated by the costs of offshore exploration and oil production projects. Saudi Arabia tries to fight the emergence of shale gases by reducing oil prices, and somehow succeeds as some projects in the USA are put into question again. Experts perceive this situation as an opportunity for the sector to improve its efficiency and reduce over-staffing

The euro as a quotation and invoicing currency in the oil and gas sector

International Nuclear Information System (INIS)

Swartenbroekz, C.; Pauwels, J.P.

1999-01-01

The impact of the introduction of the euro will not be limited to the European economics, but will also have an influence worldwide. Indeed the new currency is really qualified to become an international currency. Under these circumstances, oil and gas sector participants should consider taking the opportunity to make us of he new currency in their transactions. However, even if new opportunities do exist, some opposition could be expressed for operational and geopolitical reasons. (authors)

Official quality controls and the fight against fraud in the olive oil sector in Catalonia. Results 2011–2014

International Nuclear Information System (INIS)

Cugat, G.; Biel, M.R.

2016-01-01

This article highlights the key aspects of the official control procedures concerning quality and in the fight against food fraud in the oil sector implemented in Catalonia by the Ministry for Agriculture, Livestock, Fisheries and Food of the Government of Catalonia and, more specifically, by the Subdirectorate General of Agri-food Inspection and Control. This summarized view focuses on issues related to the legality and competence framework for official controls, the goals and purpose thereof, the area’s object of investigation and technical scope, the stages of the food chain at which measures are carried out, the types of inspection and control actions and the main investigation techniques. It also presents the results of the inspections, with a summary of the types of irregularities detected in the olive oil sector over the 2011–2014 period. [es

Oil sector in Spain: Final adaptation

International Nuclear Information System (INIS)

Marin-Quemada, J.M.

1992-01-01

This paper analyzes organizational and marketing changes occurring in Spain's oil industry as a result of its conversion from a state run monopoly system to a free market system. The analysis uses statistical data to indicate national oil production, import and consumption trends and compares these with overall trends in the European Communities. An explanation of the way in which oil is marketed in Spain makes reference to data on Spain's refining capacity and pipeline network, deemed to be amongst the most complete and modern in Europe. Comments are also made on the efficacy of Spain's national energy policies which stress energy source diversification to lessen this country's heavy dependence on foreign supplied oil

Futures market efficiency diagnostics via temporal two-point correlations. Russian market case study

OpenAIRE

Kopytin, Mikhail; Kazantsev, Evgeniy

2013-01-01

Using a two-point correlation technique, we study emergence of market efficiency in the emergent Russian futures market by focusing on lagged correlations. The correlation strength of leader-follower effects in the lagged inter-market correlations on the hourly time frame is seen to be significant initially (2009-2011) but gradually goes down, as the erstwhile leader instruments -- crude oil, the USD/RUB exchange rate, and the Russian stock market index -- seem to lose the leader status. An i...

How important are national companies for oil and gas sector performance? Lessons from the Bolivia and Brazil case studies

International Nuclear Information System (INIS)

Paz Antolín, María José; Ramírez Cendrero, Juan Manuel

2013-01-01

Control of natural resources, especially oil and gas, has been a major issue in the consideration of underdevelopment. In the present commodity boom, some Latin American economies are reforming their resource exploitation regimes, especially those issues linked with foreign capital share. The purpose of this report is to analyze these changes in the Bolivian and Brazilian oil and gas sectors in order to answer such questions as: Which property system combining public and private capital is the most suitable? Which regulating framework can guarantee a sustainable increase in output and investment? Our analyses lead to the conclusion that the regulatory framework can establish a particular ownership structure that is considered favorable for improving the performance of oil and gas sector, but the internal dynamics and the historical trajectories of enterprises will also be determining factors that interact with the given regulatory framework, generating mixed results. - highlights: • We analyze the influence of the regulatory framework in the growth of production. • We analyze the influence of the regulatory framework in investment dynamics. • We compare the regulatory frameworks for Brazil and Bolivia. • We compare the importance of public and private companies in hydrocarbons in Brazil and Bolivia

Sectoral approaches establishment for climate change mitigation in Thailand upstream oil and gas industry

International Nuclear Information System (INIS)

Chaiyapa, Warathida; Esteban, Miguel; Kameyama, Yasuko

2016-01-01

Understanding the upstream oil and gas (O&G) industry's responses to climate change and what factors can be influential to trigger their mitigation strategies is crucial for policy-makers to harness the huge resources that this industry can mobilize towards environmental protection. Considering that individual climate change efforts are unlikely to affect global mitigation paths, the study investigates the possibility that sectoral approaches can help in the reduction of greenhouse gas emissions, using Thailand as a case study. It conducted online questionnaire surveys and semi-structured interviews to acquire primary data from companies and key informants from the government, NGOs, NPOs and academics. The results suggested that, among three possible groups of factors that could affect company decisions on whether to promote sectoral approaches, domestic politics (particularly the Thai government) is the most important, though other factors also play important and interrelated roles. The most welcomed type of scheme that could be envisaged would appear to be a sectoral agreement between government and industry. Finally, the authors provide two main policy recommendations, namely the establishment of an industrial association of O&G companies and for it to target how to start looking at measures to reduce greenhouse gas emissions amongst large companies in the sector. - Highlights: •Examining the possibility of establishing a sectoral approach Thailand's upstream O&G industry. •Analytical framework was constructed to ascertain most influential factors. •Questionnaires and interviews were employed with companies, government, NGOs and academic. •Domestic politics is the most determining factor, but other factors have strong interrelation. •Sectoral agreement between government and industry is the most likely scheme to be established.

Data as an asset: What the oil and gas sector can learn from other industries about “Big Data”

International Nuclear Information System (INIS)

Perrons, Robert K.; Jensen, Jesse W.

2015-01-01

The upstream oil and gas industry has been contending with massive data sets and monolithic files for many years, but “Big Data” is a relatively new concept that has the potential to significantly re-shape the industry. Despite the impressive amount of value that is being realized by Big Data technologies in other parts of the marketplace, however, much of the data collected within the oil and gas sector tends to be discarded, ignored, or analyzed in a very cursory way. This viewpoint examines existing data management practices in the upstream oil and gas industry, and compares them to practices and philosophies that have emerged in organizations that are leading the way in Big Data. The comparison shows that, in companies that are widely considered to be leaders in Big Data analytics, data is regarded as a valuable asset—but this is usually not true within the oil and gas industry insofar as data is frequently regarded there as descriptive information about a physical asset rather than something that is valuable in and of itself. The paper then discusses how the industry could potentially extract more value from data, and concludes with a series of policy-related questions to this end. -- Highlights: •Upstream oil and gas industry frequently discards or ignores the data it collects •The sector tends to view data as descriptive information about the state of assets •Leaders in Big Data, by stark contrast, regard data as an asset in and of itself •Industry should use Big Data tools to extract more value from digital information

INFLUENCE OF SUPPLY AND DEMAND FACTORS AT THE DEVELOPMENT OF ENVIRONMENTALLY RESPONSIBLE HOUSING AND UTILITIES SECTOR IN THE RUSSIAN FEDERATION

Directory of Open Access Journals (Sweden)

Natalia B. Safronova

2016-11-01

Full Text Available Empirical marketing regional research on supply and demand factors of housing and communal services (HCS revealed determinants of customer loyalty and satisfaction with the service level and factors influencing on willingness to purchase additional services. Specific features of housing and utilities sector (HUS as a social significant industry determine requirements to models reflecting reciprocal influence of indices of satisfaction, loyalty and economic indices of operation. The article presents definition of requirements along with development of techniques for modeling influence of satisfaction and loyalty on consumer behaviour of clients. The authors demonstrate trustworthy statistical results of correlative interrelationship of different factors. There have been designed regression models for taking management solutions by executives of management company housing and communal services at the development environmental responsibility. The causes that lead and hamper development of socially oriented services in different regions of the Russian Federation have been identified.

Sector profile: Petroleum sector in Cuba

International Nuclear Information System (INIS)

1990-02-01

The Cuban oil industry started in 1860 when an oil well was drilled in Matanzas province. About 200 wells were drilled up until 1959. In the past 30 years, the oil industry has become a priority sector; in 1985-1990, about US$500 million were invested in the industry, with increases in exploration and well drilling activity. Recently completed works include pipelines and a supertanker terminal. About 10 million tons of oil are imported annually and local production averages about 800,000 metric tons per year. Most of the oil found in Cuba so far is of the heavy type, as found in western Canada. There are about 10 small and medium-sized oil deposits, mainly located in the north. The most promising oil field is at Varadero, whose characteristics are similar to the Cold Lake field in Alberta. Cuban oil refining capacity is over 7.6 million metric tons per year, and additional capacity is being constructed. All imports of oil industry equipment are conducted via state trading agencies. Export opportunities of interest to Canadian companies are outlined, along with monetary constraints affecting imports to Cuba, financing and export insurance programs available to Canadian companies, and recommendations to Canadian exporters. A list of industry/government contacts is included

Energy sector in Ecuador: Current status

International Nuclear Information System (INIS)

Pelaez-Samaniego, M.R.; Garcia-Perez, M.; Cortez, L.A.B.; Oscullo, J.; Olmedo, G.

2007-01-01

This paper describes the current energy sector in Ecuador, its present structure, the oil industry, subsidies, and renewable energy, focusing on the evolution and reform of the electricity sector. Currently, 86% of the primary energy originates from nonrenewable sources. In 2005, the gross electricity generation was 15 127 GWh (45.5% hydropower, 43.11% thermal, and 11.39% imported). Ecuador is the fifth largest oil producer in South America but lacks sufficient oil refining capacity. Reserves of natural gas (NG) are small, and most of NG is produced from oil fields without energy recovery. Several projects are underway to increase the utilization of NG and renewable energies to meet Ecuador commitments to the Kyoto Protocol

Russian energy efficiency projects: lessons learnt from Activities Implemented Jointly pilot phase

International Nuclear Information System (INIS)

Korppoo, Anna

2005-01-01

Russia needs to improve the efficiency of energy. Failure to do so will retard the economic recovery of the country, but the energy sector is lacking both domestic and foreign investments. JI projects could provide the underfinanced Russian energy sector with additional investments. AIJ pilot project experiences provide an overview of the potential difficulties for future JI projects. Institutional problems were the most important category. Most of these problems remain, and the lack of ratification of the Kyoto Protocol by Russia has formed a new very significant barrier. Implementation level problems caused some problems to AIJ projects, but they are likely to have less impact on the better prepared JI projects. The character of funding-related problems has changed: for AIJ projects the main problem was that emission reductions could not be credited, whereas future JI projects will experience more competition in the Kyoto market where the overall investment climate and the availability of local cofunding are more relevant. Therefore, the unfinished economic and energy sector reforms currently discourage JI investments. The project experiences so far have been dismal, and if Russian policy-makers cannot improve this performance, only few JI projects can be expected in the future

China's oil use, 1990-2008

International Nuclear Information System (INIS)

Leung, Guy C.K.

2010-01-01

Over the past two decades, China's oil demand has risen steeply. In 1990, it was only about 25% higher than that of 1978, the year economic reform was introduced. By 2008, it had reached 396.0 million tons, roughly four times the 1978 level, making China the second largest oil user worldwide. The country became a net oil importer in 1993, and between 1993 and 2008, its net import dependency - a yardstick for energy security - soared from 7.5% to 50.0%. China's increased demand for oil has made the country a global energy player of critical importance. Although the literature on the global implications of China's oil use has proliferated, relatively few studies have attempted to examine ''how China uses oil.'' Hence, this study covers every oil-consuming facility and sector in China, exploring the patterns of, and factors involved in, oil demand by power plants, oil refineries, heat plants and, gas-works, and industrial, transport, agricultural, household and commercial sectors. It concludes that in virtually all sectors in China, oil demand will grow, with transport and industry leading the way. (author)

Oil Production, Refining and Transportation in Canada

Directory of Open Access Journals (Sweden)

Igbal A. Guliyev

2015-01-01

Full Text Available The article deals with fuel and energy complex of Canada as one of the largest manufacturers of primary energy in the world, which provides up to 6 percent of the world energy supply. Only the Russian Federation, PRC, the United States of America and the Kingdom of Saudi Arabia have larger production volumes. However, oil plays the most significant role in Canada's energy exports. It is estimated that its proven reserves are sufficient to meet the demand for 140 years at current production rate. The relevance of the study, including the analysis of fuel and energy complex of Canada, is due to the fact that such comparison and synthesis of data on the amount of recoverable oil reserves, the volume of its production, imports, exports and transit of oil and oil products, the distribution of oil for transportation (via pipelines, rail, sea, road, strategic oil field, refining and transportation of oil and oil products development projects, as well as implementation of Canada's best practices in the Russian Federation, is being developed for the first time. In addition, the data given in previously published articles on the subject, due to the dynamic development of the industry, are obsolete and do not reflect the real situation.

Las empresas latinoamericanas del sector del petróleo y gas ante la información sobre sostenibilidad. Latin American oil and gas corporations and the sustainability information.

Directory of Open Access Journals (Sweden)

Arturo Haro de Rosario

2016-04-01

Full Text Available Resumen: El sector del petróleo y gas es un sector económico estratégico con repercusiones a escala global. Sin embargo, una de las principales limitaciones de esta industria radica en las características de las regiones en las que opera, ya que a menudo se trata de zonas geográficas de elevada importancia bioclimática, zonas con poblaciones indígenas o sectores rurales sumidos en la pobreza. Esto ha generado que los stakeholders presten cada vez más atención a las implicaciones sociales, naturales y económicas de las actividades del sector del petróleo y gas. Así las cosas, teniendo en cuenta que los países latinoamericanos cuentan con las mayores reservas convencionales mundiales de petróleo, el presente artículo tiene como objetivo cuantificar la información voluntaria sobre sostenibilidad que divulgan las empresas petroleras y gasíferas que operan en Latinoamérica.   Abstract:  The oil and gas sector is a strategic area of the economy with global repercussions. This industry faces a major handicap, namely the characteristics of the regions in which it operates, which are often geographic areas of great bioclimatic importance, or inhabited by indigenous populations, or comprised of very low income rural sectors. In response, stakeholders are paying ever greater attention to the social, natural and economic consequences of oil and gas sector activities. Taking into consideration that Latin American countries possess the largest conventional oil reserves in the world, this paper aims to quantify the sustainability information disclosed voluntarily by oil and gas companies operating in Latin America.

Global oil glut and sanctions: The impact on Putin’s Russia

International Nuclear Information System (INIS)

Tuzova, Yelena; Qayum, Faryal

2016-01-01

The Russian economy is highly responsive to oil price fluctuations. At the start of 2014, the country was already suffering from the weak economic growth, partly due to the ongoing crisis in Ukraine and Western sanctions. The recent plunge in global oil prices put even further strain on the Russian economy. This paper analyzes the dynamic relationship between oil price shocks, economic sanctions, and leading macroeconomic indicators in Russia. We apply a vector autoregression (VAR) to quantify the effects of oil price shocks as well as western economic sanctions on real GDP, real effective exchange rate, inflation, real fiscal expenditures, real consumption expenditures, and external trade using quarterly data from 1999:1 until 2015:1. Our results show a significant impact of oil prices on the Russian economy. We predict that Russia’s economic outlook is not very optimistic. If sanctions remain until the end of 2017, the quarter-to-quarter real GDP will contract on average by 19 percent over the next two years. - Highlights: • The impact of the recent decline in oil prices and western sanctions is analyzed. • A vector autoregression model is used to do the forecast for Russia. • The real GDP is likely to contract by 19 percent over the next two years.

The protests in Zhanaozen and the Kazakh oil sector: Conflicting interests in a rentier state

Directory of Open Access Journals (Sweden)

Dossym Satpayev

2015-07-01

Full Text Available The article analyzes the impact of the oil and gas industry on the socio-political stability in Kazakhstan. The first part will look at the role of the industry for the development of the country with a special focus on the political risks that might result from the orientation towards raw material production. The relationship between business and politics will be examined as well as the management model of the energy sector and the impact of corruption on social and political stability. The second part of the article will focus on the population's attitude towards public protests and aims to explain why the willingness to participate in protests has been rising. A case study on the protests of oil industry workers in the city of Zhanaozen in December 2011 will be presented in order to better understand the causes of the protests, the demands of the protesters and the relationship between state and society. The article concludes with a summary of results and an outlook for the development of the oil and gas industry and socio-political stability in Kazakhstan.

Health and wellness trends in the oil and gas sector : insights from the Shepell-fgi Research Group

Energy Technology Data Exchange (ETDEWEB)

NONE

2009-07-01

This report discussed health and wellness trends in the oil and gas sector in relation to employee assistance program (EAP) data. The data were derived from oil and gas client organizations across Canada for 2008, and represented a population base of 14,685 employees. The data demonstrated that EAP utilization in the petroleum industry increased by approximately 5 per cent from 2006 to 2008. The sector's utilization was 34 per cent higher than the Canadian norm in 2006, and 40 per cent higher than in 2007 and 2008. Females used the EAP to a greater extent than males. A higher proportion of the spouses of workers accessed EAP than the national norm. Employees accessed EAP for assistance with work-life issues; family support services; and substance abuse interventions. Weight management and dietary consultations in relation to disease control were also of concern within the sector. A 66 per cent increase in childcare issues was noted, as well as a 148 per cent increase in eldercare issues, and a 112 per cent increase in addiction issues. The findings indicated that the EAP is being effectively communicated as a relevant and accessible tool. As the industry continues to develop in remote regions, new services and resources will be required to retain existing workforces and attract new employees. Prevention-focused training and services and program for at-risk groups are needed to ensure that employee health and productivity is maintained. 1 tab., 4 figs.

Russian Arctic Petroleum Resources; Ressources petrolieres de l'Arctique russe

Energy Technology Data Exchange (ETDEWEB)

Zolotukhin, A.; Gavrilov, V. [Gubkin Russian State University of Oil and Gas, GSP-1, Leninsky prospekt, 65, 119991, Moscow - (Russian Federation)

2011-07-01

The Arctic continental shelf is believed to be the area with the highest unexplored potential for oil and gas as well as for unconventional hydrocarbon resources such as gas hydrates. Despite a common view that the Arctic has plentiful of hydrocarbon resources, there are ongoing debates regarding the potential of this region as a future energy supply base. Driving forces for such discussions are geopolitics, environmental concern, assessment and delineation of Arctic resources, technology available for their successful development and the market demand for energy supply. The Russian part is recognized to be the largest among oil and gas resources owned by Arctic nations. However, scarce information and available geological data create uncertainty regarding a future role of the Russian Arctic as main base of energy supply in the second part of the 21. century. A further uncertainty is the pace at which production from northern areas including the Arctic will be brought on stream - either because of national policy, infrastructure development or investment by the state and the oil companies. These areas embrace those where development has already been started (Offshore Sakhalin, northern Timan Pechora) and those awaiting future involvement, like Barents and Pechora seas, East Siberia, Yamal, Kara Sea and Kamchatka. Offshore production levels are likely to be very important to Russia in mid and long terms, especially as most (if not all) production will go for export and, in the process, open doors to new markets. In this way, offshore production will introduce a new and very significant component to Russia's export strategy. However, active involvement of the Russian Arctic resources in the global energy supply process needs a detailed analysis and clear understanding of the market potential for Russian gas and oil (required volumes, time frame, transportations routes) and requires close attention of the government to the most important issues that should be in

The state tax regulation in the oil and gas industry

Directory of Open Access Journals (Sweden)

E. I. Cherkasova

2018-01-01

Full Text Available Russian tax laws in petrochemical complex generally has a fiscal orientation now. The current system of taxation in the oil industry has the biggest tax burden in the world, amount of oil and gas revenues was more then 43-51% of all budget revenues over past decades, remaining its main source. Generally, there were changes in the ratios of incomes in the forms of export customs duty and tax on the extraction of minerals. State policy in the field of resource payments affects the entire industry, influencing the structure of oil and oil supplies on internal and external markets and realization of the programs for modernization and development in priority areas. Changes of structure of national production, increasing the contribution of agriculture, IT sphere and other branches to aggregate national product should be reflected in the revision of the tax burden on the industries, associated with the extraction and processing of minerals. It is necessary to reduce the fiscal direction of tax regulation in petrochemical sector with a simultaneous increasing the role of tools that stimulate modernization and updating of equipment, implementation of new processes and technologies, the maximum use of process-deepening processes as well as the development of deposits with severe production conditions. In the near future, it is planned to introduce new changes in taxation in field of oil production and refining - introduction of benefits for oil production in new fields or fields with difficult production conditions or poor quality of oil and introduction of a tax on additional income..

China's oil market and refining sector

International Nuclear Information System (INIS)

Yamaguchi, N.D.; Fridley, D.G.

2000-01-01

The article assesses the future for China's oil industry as the country makes the transition from a command economy to an international market. China has one of the world's biggest oil industries and recent years have seen much growth in exploration and development, refining capacity and trade. China is more and more dependent on oil imports and is now a major international player; it has attracted much outside investment. Diagrams show (i) how coal dominates other sources of energy in China; (ii) crude production 1977-1998; (iii) how Middle East crudes now dominate Chinese crude imports; (iv) the growth of petroleum demand in China; (v) the Chinese demand for petroleum products; (vi) the growth in transport fuels; (vii) Chinese product imports: import ban targeted diesel; (viii) crude imports favoured over product imports and (ix) refinery capacity and throughput. The changes are expected to result in further integration into international markets, increased transparency and a healthier oil business

General overview of the Mexican energy sector

International Nuclear Information System (INIS)

Perez-Jacome, D.

1999-01-01

An overview of Mexico's energy sector was presented, with particular focus on the natural gas and electricity sectors. Mexico ranks fifth in oil production, eighth in proven oil reserves, and fourteenth in natural gas reserves. In 1998, the energy sector generated 3.3 per cent of Mexico's gross domestic product (GDP), and oil accounted for 7.5 per cent of total exports. National production of natural gas has been forecasted to grow at a rate of 5.2 per cent annually over the next 10 years. This will be largely due to the increased demand for natural gas to produce electricity. The Mexican government has also taken initiatives to restructure the Mexican energy sector with particular focus on increasing the competitiveness of the electric power industry. Electricity demand is also expected to grow at a rate of 6 per cent annually over the next six years. The objectives of energy reform are to promote more investment from all sectors in order to strengthen the development of the electric power industry and to provide a reliable, high quality service at competitive prices. 9 figs

Changes in productivity in the virgin olive oil sector: An application to Protected Designations of Origin in Spain

Energy Technology Data Exchange (ETDEWEB)

Aparicio, J.; Monge, J.F; Ortiz, L.; Pastor, J.T.

2016-11-01

Virgin olive oil is a key ingredient of the renowned Mediterranean diet. In this context, the main objective of this study was to estimate and decompose productivity change for Protected Designations of Origin (PDOs) in the Spanish virgin olive oil sector for the period 2008-2013. To this end, we introduced a Luenberger-type indicator based on a specific weighted additive model in Data Envelopment Analysis (DEA), which, in contrast to previous studies, captured all sources of inefficiency and avoided infeasibilities. Regarding the results, we found a reduction in productivity, in average terms, in the first periods analyzed (-0.12 and -1.65), followed by an improvement (0.79 and 0.54), that in the last period analyzed (2012-2013), however, returned to adverse figures (-0.47). In Spain, where foreign competition is weak, the most productive PDOs were those with an important number of oil mills and packaging/marketing companies such as “Montes de Toledo” and “Siurana”; productivity changes were mainly the consequence of downwards and upwards of the frontier of the technology over time. These changes were explained, to a certain extent, by the evolution of the economic crisis; and the productivity of the sector declined, in general, from 2008 to 2010, improving thereafter except for the last registered period, 2012-2013, where expectations for market recovery exceeded actual sales. (Author)

Changes in productivity in the virgin olive oil sector: An application to Protected Designations of Origin in Spain

Directory of Open Access Journals (Sweden)

Juan Aparicio

2016-08-01

Full Text Available Virgin olive oil is a key ingredient of the renowned Mediterranean diet. In this context, the main objective of this study was to estimate and decompose productivity change for Protected Designations of Origin (PDOs in the Spanish virgin olive oil sector for the period 2008-2013. To this end, we introduced a Luenberger-type indicator based on a specific weighted additive model in Data Envelopment Analysis (DEA, which, in contrast to previous studies, captured all sources of inefficiency and avoided infeasibilities. Regarding the results, we found a reduction in productivity, in average terms, in the first periods analyzed (-0.12 and -1.65, followed by an improvement (0.79 and 0.54, that in the last period analyzed (2012-2013, however, returned to adverse figures (-0.47. In Spain, where foreign competition is weak, the most productive PDOs were those with an important number of oil mills and packaging/marketing companies such as “Montes de Toledo” and “Siurana”; productivity changes were mainly the consequence of downwards and upwards of the frontier of the technology over time. These changes were explained, to a certain extent, by the evolution of the economic crisis; and the productivity of the sector declined, in general, from 2008 to 2010, improving thereafter except for the last registered period, 2012-2013, where expectations for market recovery exceeded actual sales.

Terms of trade and Russian economic development

Directory of Open Access Journals (Sweden)

Georgy Idrisov

2016-09-01

Full Text Available The paper discusses economic development trends in Russia in late 2014 and 2015 and reviews the basic mechanisms of how changes in the terms of trade affect the economic development of countries from a historical perspective and with a particular focus on those changes in the Russian economy that occurred in late 2014 and 2015. The authors demonstrate that structural reforms aimed at diversification of production and exports are necessary for sustainable economic development, for social stability and for reducing the impact of variability in the terms of trade on the Russian economy. During periods of instability in the government agenda's measures for the real and financial sectors, it is necessary not only to compensate economic agents losses caused by changes in the terms of trade but also to improve the economic structure and to develop and enhance the stability of the financial markets.

Crude federalism: oil politics and the evolution of intergovernmental relations in post-Soviet Russia

Energy Technology Data Exchange (ETDEWEB)

Wilson, G.N.

2000-07-01

The interactions and relationships between the institutions of the Russian federal system, the policy making process and the dilemmas of legislative reform as it applies to the oil sector are examined in this document. A critical element in the reform agenda, the problematic evolution of the 1995 federal Law on Production Sharing Agreements is discussed in the first part of the document. The legislative responses to the production sharing issue and the larger questions of reform in the resource sector are presented in the second part, as it relates to two resource producing regions, Tatarstan and Khanty Mansiisk. A lot of problems and delays were encountered in the passage of production sharing legislation despite the obvious advantages and benefits to be derived from such an arrangement for post-Soviet Russia. The author brings forward the argument that the problems were caused by a number of institutionally-based cleavages and other dysfunctional components contained in the Russian federal system. The dispute resolution mechanism, plagued by jurisdictional overlap and the lack of a mutually acceptable and structured system, impeded the cooperation that existed in the resource sector between governments and regions. The disruption of the policy making process and the complications in the process of political and economic reform in some of the most important regions from a production perspective resulted from asymmetries between the constituent members of the federation, in combination with the absence of an institutional framework for the management of inter-regional relations. The third element consisted in the dominant position of the executive branch at the federal and regional levels hindered the legislative process through the aggravation of the long-standing interbranch conflict. The structures and processes that characterize the Russian federal model in the post-Soviet era were explained using the vast theoretical and empirical resources available to

Oil use and oil dependency: Long-term issues

International Nuclear Information System (INIS)

Serot, D.E.; Belzer, D.B.; Guthrie, S.A.; Roop, J.M.

1989-06-01

The continued dependence of the United States on imported oil is a matter of increasing concern. Under the direction of the Department of Energy's Office of Policy Integration, Pacific Northwest Laboratory conducted a study which was to examine long-term issues related to oil dependence. Major issues addressed are (1) energy efficiency and the role of new technologies, (2) fuel switching, and (3) regional factors affecting fuel use. The study examines all major end-use sectors in the economy, covering the industrial, commercial, residential, transportation, and electric utility sectors. The potential impacts of efficiency improvements in oil- using equipment are assessed through the year 2000. 107 refs., 8 figs., 9 tabs

Prof's passion for the oil and gas sector spans four decades

Energy Technology Data Exchange (ETDEWEB)

Roche, P.

2009-04-15

This article described some of the inventions by a geological engineer and engineering professor at the University of Waterloo during his career in the oil and gas sector over the past 40 years. He began his career at the University of Alberta where his research was funded by the Alberta Oil Sands Technology and Research Authority (AOSTRA). The veteran oilfield researcher is a proponent of deep geological disposal of carbon dioxide (CO{sub 2}) and has applied for some related patents. While oily sand is not hazardous, it it not suitable for landfill disposal. An important contribution to technology by the inventor and teacher is deep-well disposal of wastes. His injection disposal technique which replaces surface disposal pits has been operating at a facility in the Duri heavy oil field in Indonesia for more than 6 years. This deep-well waste injection method disposes of tonnes of sand produced by cold heavy oil production with sand (CHOPS). However, it has not been widely adopted in western Canada due to relaxed restrictions regarding landfill disposal. Eighteen years ago, the researcher came up with the idea of deep geological conversion of biosolids into methane. Methane generation, driven by high temperatures and anaerobic bacteria, is completed a year or two after the biowaste is injected. About 40 to 50 per cent of the mass of the biosolids are left behind as elemental carbon. For every dry tonne of biosolids injected, 400 to 500 kg of carbon are sequestered. While deep well disposal is touted as being most useful in emerging nations that lack elaborate sewage treatment systems, the first pilot project of the technology took place in August 2008 in Los Angeles, California. The inventor was also involved in the startup of Edmonton-based Wavefront Energy and Environmental Services Inc. whose downhole enhanced oil recovery tool sends low-frequency pulses through the formation generating waves that dislodge more oil from the rock matrix. 1 ref., 1 fig.

Determination of Russian innovative activity tendencies

Directory of Open Access Journals (Sweden)

Marina A. Motova

2016-01-01

Full Text Available There is an attempt to group main types of economic activity depending on intensity and efficiency of innovative activities on the basis of the available statistical information on dynamics of innovative activities in various industries of economy and with the use of the mathematic and statistical tool, in particular, cluster analysis tool. For this purpose, on the basis of the data, contained in the statistical report, characterizing the level of innovative activity (number of the innovation-active organizations, costs for technological innovations, amount of the shipped innovative products, etc. the indicators, characterizing intensity and efficiency of innovative activities were calculated. They have acted as the initial information for implementation of the cluster analysis.Further analysis results of the data, characterizing profitability of investments in various industries of economy are presented. Obviously, the activity of implementation of financial investments in various sectors of industrial production and service sector are directly connected with the profit on financial investments. On the basis of the dynamics analysis of investments’ profitability in various industries of economy for the period of 2005-2014 leaders and outsiders in this indicator are revealed. The following conclusion is made: the need to develop the forecast estimations on the indicators, characterizing profitability of financial investments on main types of economic activity.The analysis of innovative activities in the Russian Federation (results are given in the article, is based on the official statistics data. The main source of statistical information is the report «Information about innovative activity of organization «. The data, obtained as a result of the observation, are published in the editions «Indicators of Innovative Activity» (The Ministry of Education and Science of the Russian Federation, Federal State Statistics Service (Rosstat and

Regulation aspects of the restructuring of Argentine oil and gas sector. The Brazilian experiences; Aspectos regulatorios da reestruturacao do setor de oleo e gas argentino. Experiencias a observar no caso brasileiro

Energy Technology Data Exchange (ETDEWEB)

Luczynski, Estanislau; Paula, Claudio Paiva de [Sao Paulo Univ., SP (Brazil). Programa Interunidades de Pos-Graduacao em Energia]. E-mail: stasczenco@zipmail.com.br; clpaiva@mandic.com.br

1999-07-01

During the last years, some countries have reorganized their oil and gas sector. The reforms included the opening of national basins to exploration by foreign companies, and the association of a national oil company with a foreign one. Argentina was the first country in Latin America to reform its sector. The major action was the privatisation of YPF, in 1993. Some years later Brazil also begun the process of reforming the national oil and gas sector. The first step was promulgating a new petroleum law. This law created an agency to regulate the national sector during and after the reforms. The Brazilian restructuring model is based on the foreign ones. This paper aims at discussing whether or not the weakness those foreign models could be avoided. The idea is to learn from those experiences and to propose a national reform lead by the Brazilian society instead. (author)

New narratives on Russian renewable energy policy

International Nuclear Information System (INIS)

Belyi, A.V.; Overland, I.

2010-01-01

The article points out the renewable energy potential in Russia in light of the new policy targets development, technical and economic potential as well as limits related to a lack of effectiveness of renewable energy promoting policies. Moreover, the article links the renewable energy development to the liberalization of Russian power sector which actually provides a possibility for market-support mechanisms, such as the green certificates. Renewable energy in Russia also has an important regional dimension, particularly for remote regions. (authors)

Russian Science and Russian State: Image of a Scientist in Modern Russian Cinema

Directory of Open Access Journals (Sweden)

Svetlana M. Medvedeva

2014-01-01

Full Text Available The article analyses the image of a scientist represented in recent Russian movies. The article discusses two groups of questions: (1 nature and role of popular science in the life of society; (2 national features of scientific cultures. The article agues that popular science should not be conceived as a week copy of the real science. On the contrary, modern models of science communication assume that popular science have its own value and is able to influence scientific practices. Simultaneously we assume, that since popular science is less integrated with international scientific norms, it can easer reveal national traditions of scientific life. As a result, the analyze of recent Russian movies shows that the tradition established in Peter I times for Russian scientists to work out their self-identity in concern with Russian state still exists (scientist- state supporter/scientist- oppositionist. Actually the modern interpretation of dilemma between state patriotism and liberalism given by modern movies shows that Russian scientist don't have real choice, because they loose anyway whereas the state always wins. So owing to recent movies this representation of hopeless destiny of a scientist is becoming widespread in Russian public culture.

Opportunities for business and partnership : services sector

International Nuclear Information System (INIS)

Mendoza Fernandez, J.

1999-01-01

Mexico is one of the countries with the highest industrial growth in Latin America. This is due to its geographical location, its vast oil and gas reserves, its membership in NAFTA (North American Free Trade Agreement), and mainly because of its modern economic policies. Mexico is a country in which many opportunities for private investment in the energy sector exist. This paper discussed Bufete Industrial Construcciones' involvement and experiences in the fields of petroleum, electricity and natural gas. The goals to be achieved in the various areas of the energy sector for the 2000-2006 period were summarized for the electric sector, the natural gas sector and the oil and gas extraction sector. The 4 mega projects currently underway include the Cantarell, the Burgos, the Ku-Maloob Zaap and the Delta del Grijalva projects

Estland im Sog der Russischen Volkswirtschaft? Estonia Being Caught Up in Russian Turmoil?

Directory of Open Access Journals (Sweden)

Claus-Friedrich Laaser

2016-10-01

Full Text Available Against the backdrop of the Ukraine crisis and Russia’s economic problems, the authors pose the question to what extent the Estonian economy still relies on foreign trade with Russia and which costs Estonia might bear in the course of an aggravation of the lingering East-West conflict. Estonian trade relations with Russia as well as Estonia’s integration in the European and global division of labor are analyzed by a gravity model which also incorporates the trade foreign trade of the Baltic neighbors Latvia and Lithuania as benchmark countries. The authors find that even before the crisis Estonia’s trade with Russia lost weight and the dependency on Russian export and import markets diminished. By an in-depth analysis of Estonia’ sectoral trade patterns these findings were confirmed for the majority of industries. Only in the case of the Estonian milk industry the authors observe significant effects of Russian sanctions. In contrast to this particular case, Estonia becomes increasingly independent from imports of Russian natural gas which in the past made the country vulnerable to political blackmail. The authors conclude that regional and sectoral diversification of Estonian trade patterns induced by the current crisis will help the country to improve its international competitiveness and its economic integration into world markets.

Croatian Energy Sector Reform - Results Achieved

International Nuclear Information System (INIS)

Nota, R.

2001-01-01

During the past ten years, the energy sector has passed through significant changes including fundamental market, economic, legislative and institutional aspects of sector operation. As the main goal of the Republic of Croatia is the integration into the European Union, the energy sector reform ought to be conducted in keeping with the present market development processes of the EU in such a way as to fulfil all safety criteria. In view of the above mentioned, the Croatian Parliament brought a number of laws during its session in July 2001 (''Official Gazette'' 68/01): 1. Energy Law 2. Energy Activities Regulation Law 3. Electricity Market Law 4. Gas Market Law 5. Oil and Oil Derivatives Market Law, which present the commencement of the energy sector reform (www.mingo.hr).(author)

Globalization of the energy sector - a U.S. regulator`s perspective

Energy Technology Data Exchange (ETDEWEB)

Kallaur, Carolita [Offshore Minerals Management, U.S. Department of the Interior (United States)

1998-12-01

This publication relates to globalization of the energy sector addressing issues of significant importance to the United States. The author touches upon a number of activities MMS (Mineral Management Service) is involved in with a focus on a joint project being engaged in with NPD (Norwegian Petroleum Directorate) to help the Russian Federation develop a safety and environment regime for its offshore. The aim of the project are national standards that set requirements for local and regional governments, safety and environment requirements that conform to international standards, apply to both Russian and foreign firms, and sharing of best practices between NPD, MMS and Russian authorities

Convergence on Cooperation: The Driving Factors in U.S. and Russian Cooperation on Belarus

National Research Council Canada - National Science Library

Brown, John W

2005-01-01

.... It then examines the mutuality of U.S. and Russian interests in Belarus in the areas of democracy and human rights, drug and human trafficking, arms proliferation, oil and gas transit, and Russo-Belarusian trade and political integration...

Russia energy survey 2002

Energy Technology Data Exchange (ETDEWEB)

Murray, Isabel

2002-07-01

Russia is a key oil and gas exporter. The chances for successful economic reform in Russia depend on the success of the energy sector. So does the stability of world energy markets. This survey, the first since 1995, describes the energy-security issues affecting Russian oil, gas, coal and nuclear power after decades of inadequate investment and maintenance. The study concentrates on Russia's still-incomplete implementation of energy-sector reform. It raises questions about the energy sector's ability to meet the country's increasing energy demand. Particular note is taken of the country's plans to increase the use of coal in order to reduce its dependence on natural gas. The International Energy Agency commends Russian efforts to increase energy efficiency. The IEA supports the Russian view that price reform and customer choice are the keys to increased efficiency. To raise the 550 to 700 billion dollars it will need to invest in energy infrastructure by the year 2020, the study suggests, Russia must create a much more stable and competitive investment environment. 36 figs., 2 apps.

Russia energy survey 2002

Energy Technology Data Exchange (ETDEWEB)

Murray, Isabel

2002-07-01

Russia is a key oil and gas exporter. The chances for successful economic reform in Russia depend on the success of the energy sector. So does the stability of world energy markets. This survey, the first since 1995, describes the energy-security issues affecting Russian oil, gas, coal and nuclear power after decades of inadequate investment and maintenance. The study concentrates on Russia's still-incomplete implementation of energy-sector reform. It raises questions about the energy sector's ability to meet the country's increasing energy demand. Particular note is taken of the country's plans to increase the use of coal in order to reduce its dependence on natural gas. The International Energy Agency commends Russian efforts to increase energy efficiency. The IEA supports the Russian view that price reform and customer choice are the keys to increased efficiency. To raise the 550 to 700 billion dollars it will need to invest in energy infrastructure by the year 2020, the study suggests, Russia must create a much more stable and competitive investment environment. 36 figs., 2 apps.

The Kyoto Mechanisms and Russian Gas: A Powerful Combination?

Energy Technology Data Exchange (ETDEWEB)

Moe, Arild; Tangen, Kristian

1999-07-01

The report analyses the development of a Russian climate policy and investigates possible links to the country's position and interests as a large energy producer and exporter. Whereas all hydrocarbon energy carriers and their non-carbon substitutes will be affected by a comprehensive climate regime, natural gas stands in a special position among hydrocarbon fuels, since it is more ''greenhouse-friendly'' per unit of consumed energy than oil and coal. There also happens to be an abundance of natural gas in Russia, an abundance which hitherto has given natural gas a dominant position in domestic supplies, making up for more than fifty per cent of primary energy consumption, which is unique. It has also placed Russia as the main external supplier to the European gas market and given it a crucial role in the further development of European energy supplies. This report discusses how these perspectives relate to the climate regime. Will climate politics hamper Russian gas exports, or on the contrary, will they offer new opportunities for Russian gas in the market? (author)

The Russian Federation Islamic Republic of Dagestan: Curricular Decentralization, Social Cohesion, and Stability

Science.gov (United States)

Eaton, Jana Sackman

2005-01-01

This article focuses on the curricular decentralization-sociopolitical stability nexus in the predominantly Muslim Russian Federation Republic of Dagestan, adjacent to war-torn Chechnya. Concomitant with the metamorphoses taking place in the economic and political sectors of society is the overhaul of institutionalized education. A major reform…

New Sustainable Tourism Product Development for Russian Customers

OpenAIRE

Racheeva, Polina

2015-01-01

Sustainable tourism is a new concept for tourism sector; it is tourism that reduces negative tourism impacts and brings benefits instead. The current problem of sustainable tourism is lack of attractive tourism products. Their development is crucial since customers seek for experiences at a destination. Russians are an important segment for Finnish tourism, therefore their consumer behaviours has to be studied. The aim of this research is to find how to develop a tourism product for susta...

Economic effects of peak oil

International Nuclear Information System (INIS)

Lutz, Christian; Lehr, Ulrike; Wiebe, Kirsten S.

2012-01-01

Assuming that global oil production peaked, this paper uses scenario analysis to show the economic effects of a possible supply shortage and corresponding rise in oil prices in the next decade on different sectors in Germany and other major economies such as the US, Japan, China, the OPEC or Russia. Due to the price-inelasticity of oil demand the supply shortage leads to a sharp increase in oil prices in the second scenario, with high effects on GDP comparable to the magnitude of the global financial crises in 2008/09. Oil exporting countries benefit from high oil prices, whereas oil importing countries are negatively affected. Generally, the effects in the third scenario are significantly smaller than in the second, showing that energy efficiency measures and the switch to renewable energy sources decreases the countries' dependence on oil imports and hence reduces their vulnerability to oil price shocks on the world market. - Highlights: ► National and sectoral economic effects of peak oil until 2020 are modelled. ► The price elasticity of oil demand is low resulting in high price fluctuations. ► Oil shortage strongly affects transport and indirectly all other sectors. ► Global macroeconomic effects are comparable to the 2008/2009 crisis. ► Country effects depend on oil imports and productivity, and economic structures.

Energy Efficiency Sector in Russia. Market Survey of Equipment and Services

International Nuclear Information System (INIS)

2006-02-01

The aim of the present Survey is to give an insight of energy efficiency (EE) in Russia and to assess the demand for EE equipment and services in the energy sector. In the Survey the term 'Energy Efficiency' means the efficient generation, distribution and consumption of heat and power. The main EE measures are classified as recovery of sources of energy, measuring and controlling systems, optimal use of the equipment, modernisation, in-house energy generation and renewable energy sources. Chapter 3 gives an overview of the current situation of the Russian energy sector. The term 'energy sector' is used in the context of generation, distribution and consumption of heat and power. The infrastructure and the ownership of the energy sector are examined. In this chapter special attention is paid to the Power Sector Reform and how the Reform affects the development of EE in the Russian energy sector. Chapter 4 describes the current situation in EE, giving the reasons of inefficiency in energy use and possible solutions for improving. Chapter 5 presents a market research of equipment that could make a great input into EE development. The research has shown that the most promising opportunities for suppliers of EE equipment lie in the heat sector (generation, distribution, consumption). This chapter also describes the development of ESCOs (Energy Service Companies) in Russia. Chapter 6 gives an overview of domestic and foreign capital available to finance EE development. According to conventional market based incentives, end users invest into increasing their profits more intensively than into projects aiming at energy saving. That is mostly because energy is relatively cheap in Russia and the federal governmental policy does not stimulate EE development either. Chapter 7 on the market approach advises on steps that have to be taken and risks that need to be avoided in order to enter the Russian market successfully. It warns of the possible pitfalls on this way. Chapter 8

The oil and oil services industry international context 2008

International Nuclear Information System (INIS)

Serbutoviez, S.; Silva, C.

2008-11-01

Oil companies rarely do their own major work within the framework of their investments or in the operation of their facilities. They most often act as project coordinators, thereby opening up a vast market for equipment, services and engineering, involving many companies of widely-varying sizes, which constitute the oil services industry. This document provides a panorama of the international oil context in three distinct parts, for 2007, for the first three quarters of 2008, and aspects of trends for 2009. - The first part is devoted to a rapid description of the oil context and the economic environment in which it is evolving. - The second part examines the evolution of world investment in exploration-production (E and P) activities, distinguishing the investments made by oil and oil product/service companies throughout the E and P chain from the more targeted ones of three specific sectors: seismic, drilling and the construction of offshore production equipment. These markets are observed exclusively for oil product/service companies. - The last part is devoted to investments in the refining sector, focusing on the changes in the fundamentals, particularly the equilibrium between refining capacities and medium- term oil demand. This latter analysis involves both oil and oil product/service companies. (authors)

The Russian Landing Rate, Central Bank’s Policy Related Rate and Intermediation Premium

Directory of Open Access Journals (Sweden)

Chu V. Nguyen

2017-04-01

Full Text Available This paper illustrates asymmetries in the Russian intermediation premium as measured by the spread between the commercial lending rate and the Central Bank’s policy related rate. Empirical results have shown that the Russian intermediation premium adjusts to the threshold faster when the Central Bank’s policy related rates increase relative to lending rates as opposed to when the Central Bank’s policy related rates move in the opposite direction. The findings of this paper suggest that during the period when the Russian Federation faced formidable challenges from a sharp decline in oil prices and reduced access to international capital markets due to Western sanctions, the Central Bank of Russia was not effective in utilizing countercyclical monetary policy to achieve macroeconomic objectives and commercial banks exhibited predatory pricing behavior.

Examination of Ghana's oil sector: need for a new paradigm of oil ...

African Journals Online (AJOL)

The objective of this research paper is to address the issue of oil revenue management in Ghana for sustainable socio-economic development, as a model for emerging oil producing nations in West Africa. To meet its objectives, the research was designed to answer some questions pertaining to oil revenue management.

Between Oil and Reindeer

NARCIS (Netherlands)

Tulaeva, S.; Tysyachnyouk, M.

2017-01-01

This research provides insight into various modes of benefit-sharing agreements between oil and gas companies and indigenous people in the Russian Arctic and Subarctic regions. We indicate three main modes of benefit sharing, as follows: (1) paternalism, (2) corporate social responsibility, and (3)

A statistical approach to the analysis of merger and acquisition efficiency in the Russian industry

Directory of Open Access Journals (Sweden)

Karelina M.

2017-01-01

Full Text Available At present, the success of economic institution transformations, as well as creating an efficient economic system with a fundamental new nature of corporate relationships are impossible without the statistical recording of factors contributing to the efficiency of merger and acquisition transactions in the Russian industry. The paper proposes a method for analyzing the efficiency of merger and acquisition transactions of enterprises in the industrial sector of the Russian economy, based on simulation methods. The methodical approach developed to analyze the efficiency of the integration transactions of Russian industrial companies allows one to consider individual preferences of investors, as well as to give a complex statistical evaluation of the strategic economic benefits from M&A transactions. This method enables to evaluate the probability and stability of the synergistic effect values within the increase of competitiveness of Russian industrial enterprises on the domestic and foreign markets.

World and Russian Market of Mergers and Acquisitions

Directory of Open Access Journals (Sweden)

Natalya S. Zagrebel’Naya

2015-01-01

Full Text Available This article analyzes the global and Russian markets of mergers and acquisitions (M&A. The article also presents the dynamics of M&A deals in the world and in Russia for the period 2010-2014, the geography of transactions and their sectoral structure. The overall analysis is supported by the examples of ten largest M&A deals in the world and in Russia, committed in 2014. In the market economy many companies, mostly large, consider M&A as means to improve the material and the production sector, increase profitability, sustainability, creating a positive image. Such transactions could improve a company's development, make business more competitive and profitable. In today's global economy we could observe the growing trend of global integration, which is manifested in the access of various types of companies into new markets, as well as the concentration of capital and consolidation of business, on the one hand. However, on the other hand, there is deterioration in the conditions of the companies due to the ongoing financial, economic and political crises and economic sanctions. This leads to changes in the activity on the world and Russian markets of M&A. Thus, to study its dynamics and trends in the contemporary world and in Russia is one of the most important and actual issues.

Factors fragmenting the Russian Federation

Energy Technology Data Exchange (ETDEWEB)

Brown, E.

1993-10-06

This paper examines the factors that threaten the future of the Russian Federation (RF). The observations are based on a study that focused on eight republics: Mordova, Udmurtia, Tatarstan, Mari El, Bashkortostan, Kabardino-Balkaria, Buryatia, and Altay Republic. These republics were selected for their geographic and economic significance to the RF. Tatarstan, Bashkortostan, Udmurtia, and Mari El are located on important supply routes, such as the Volga River and the trans-Siberian railroad. Some of these republics are relatively wealthy, with natural resources such as oil (e.g., Tatarstan and Bashkortostan), and all eight republics play significant roles in the military-industrial complex. The importance of these republics to the RF contrasts to the relative insignificance of the independence-minded Northern Caucasus area. The author chose not to examine the Northern Caucasus region (except Kabardino-Balkaria) because these republics may have only a minor impact on the rest of the RF if they secede. Their impact would be minimized because they lie on the frontiers of the RF. Many Russians believe that {open_quotes}it might be best to let such a troublesome area secede.{close_quotes}

The Petroleum Sector in Latin America: Reforming the Crown Jewels - CERI Studies No. 88

International Nuclear Information System (INIS)

Palacios, Luisa

2002-09-01

This paper studies the institutional transformation of Latin America's oil sector. It discusses specific policy choices and the timing of reforms in this industry. Latin American countries present different models of openness and energy-sector dynamics, and allow for an analysis of the liberalization process from a range of points of view: that of an importer (Brazil), of a historically self-sufficient country (Argentina) and of oil exporters (Mexico and Venezuela). The degree of dependence on oil revenues has proven in general to be negatively correlated with the level of openness of the oil sector. That is, countries more dependent on their oil sector for foreign and fiscal revenues tend to be less liberalized and open to private investment. This principle also holds true in Latin America: oil importers and self-sufficient countries like Argentina, Peru, Bolivia and Brazil indeed have oil industries that are relatively more open to private sector participation than those of the oil exporters in the region (Venezuela, Colombia, Ecuador and Mexico). However, different levels of openness exist within these general categories of importers and exporters. This paper will further argue that differences among countries in the same category are a function of the strategic and financial position prior to reform of their respective National Oil Companies (NOC), which is in turn related to the institutional evolution of the oil industries in these countries. (author)

European Union and oil

International Nuclear Information System (INIS)

Paillard, Christophe Alexandre

2004-01-01

In a context of oil price increase, problems about a Russian oil company (Loukos), and uncertainties in the Middle-East, the possibility of a new oil shock is a threat for Europe, and raises the issue of a true European energy policy which would encompass, not only grid development, environmental issues or market regulation issues, but also strategic issues related to energy supply security. This article proposes an overview of the European policy: first steps for a future European energy and oil policy in the green paper of the European Commission published in November 2000, issues of pollution and safety for hydrocarbon maritime transport. The article then examines the possibility of a third oil shock due to a crisis in the Middle East, and discusses whether European must have strategic stocks to face an outage of oil supplies

Prospects of supervising service development as the tool of input quality control

Science.gov (United States)

Sizov, A.; Tretyakov, K.; Boyarko, G.; Shenderova, I.; Ostranitsyn, I.

2016-09-01

Supervising provides a foothold in the Russian Federation domestic market of oilfield services. Despite the rapid growth of supervising services market, there is still a definite demand in developing this domain. The authors consider the implementation of supervising in Russian oil and gas industry sector, as well as the possible execution paths of its improvement and development.

CRUDE OIL TRANSPORT FROM THE CASPIAN SEA REGION TO EUROPE

Directory of Open Access Journals (Sweden)

Adam Przybyłowski

2014-07-01

Full Text Available In the contemporary world, despite the growing importance and scale of the use of renewable energy , conventional energy resources still play a huge role. The European Union countries are dependent on the oil imports and the their main supplier of crude oil and natural gas has been the Russian Federation. After the collapse of the Soviet Union , the Caspian Sea region has become an alternative to Russian energy resources. The Unit-ed States , European Union, China and many other countries have shown their interest about this region. Despite a relatively large oil and natural gas reserves, the export of the-se commodities to the West is still problematic. Based on the available data and infor-mation, the publication explores the issue of energy resources transport directions with a particular emphasis on the crude oil from the Caspian Sea region to Europe.

Oil Politics and National Security in Nigeria

Science.gov (United States)

2010-12-01

Oil Transparency in the Niger Delta: Improving Public Sector Oil Derived Resource Flows and Utilization in Abia State, Nigeria,” Economies of...against the nine states officially recognized i.e. they exclude Ondo, Abia , and Imo states from being part of the Delta region (figure 1). 125 BBC...Peterside Sofiri Dr, “Oil Transparency in the Niger Delta: Improving Public Sector Oil Derived Resource Flows and Utilization in Abia State, Nigeria

The Rise and Decline of U.S. Private Sector Investments in Energy R&D since the Arab Oil Embargo of 1973

Energy Technology Data Exchange (ETDEWEB)

Dooley, James J.

2010-11-01

This paper presents two distinct datasets that describe investments in energy research and development (R&D) by the US private sector since the mid1970s, which is when the US government began to systematically collect these data. The first dataset is based upon a broad survey of more than 20,000 firms’ industrial R&D activities. This broad survey of US industry is coordinated by the US National Science Foundation. The second dataset discussed here is a much narrower accounting of the energy R&D activities of the approximately two dozen largest US oil and gas companies conducted by the US Department of Energy’s Energy Information Agency. Even given the large disparity in the breadth and scope of these two surveys of the private sector’s support for energy R&D, both datasets tell the same story in terms of the broad outlines of the private sector’s investments in energy R&D since the mid 1970s. The broad outlines of the US private sector’s support for energy R&D since the mid 1970s is: (1) In the immediate aftermath of the Arab Oil Embargo of 1973, there is a large surge in US private sector investments in energy R&D that peaked in the period between 1980 and 1982 at approximately $3.7 billion to $6.7 billion per year (in inflation adjusted 2010 US dollars) depending upon which survey is used (2) Private sector investments in energy R&D declined from this peak until bottoming out at approximately $1.8 billion to $1 billion per year in 1999; (3) US private sector support for energy R&D has recovered somewhat over the past decade and stands at $2.2 billion to $3.4 billion. Both data sets indicate that the US private sector’s support for energy R&D has been and remains dominated by fossil energy R&D and in particular R&D related to the needs of the oil and gas industry.

BAYESIAN APPROACH TO THE ANALYSIS OF MONETARY POLICY IMPACT ON RUSSIAN MACROECONOMICS INDICATORS

Directory of Open Access Journals (Sweden)

Sheveleva O. A.

2017-12-01

Full Text Available In this paper the interaction between the production macroeconomic indicators of the Russian economy and MIBOR (the main operational benchmark of the Bank of Russia, as well as the relationship between the inflation indicators and money supply were investigated with Bayesian approach. Conjugate Normal Inverse Wishart Prior was used. According to the study, tough monetary policy has a deterrent effect on the Russian economy. The growth of the money market rate causes a reduction in investments and output in the main sectors of the economy, as well as a drop in the income of the population with an increase in the unemployment rate.

Determinants of energy sector performance in Iraq, 2003 to 2005

International Nuclear Information System (INIS)

Tiedemann, K.H.

2007-01-01

Iraq's energy sector was rehabilitated from 2003 to 2005. The focus of rehabilitation was on restoring Iraq's electricity and oil infrastructure to pre-war production levels; delivering electricity and refined fuels for domestic consumption; and delivering electricity and oil security. This paper provided an analysis of the impact of Coalition efforts and insurgent activities on energy sector performance using time-series models. The paper presented a simple three-equation model consisting of an insurgent attack equation, an investment equation, and production function. The paper also discussed the phases of the insurgency in Iraq, with particular reference to the beginning of the insurgency; initial bombing campaign; escalation of the insurgency; and intra-Iraqi conflict. Key energy sector indicators and regression results were also presented for oil production; diesel production; gasoline production; oil exports; and production and consumption of electricity. It was concluded that expenditures by the United States on oil infrastructure appear to have been relatively efficiently spent. 16 refs., 9 tabs

Canada's hydrogen energy sector

International Nuclear Information System (INIS)

Kimmel, T.B.

2009-01-01

Canada produces the most hydrogen per capita of any Organization of Economic Cooperation and Development (OECD) country. The majority of this hydrogen is produced by steam methane reforming for industrial use (predominantly oil upgrading and fertilizer production). Canada also has a world leading hydrogen and fuel cell sector. This sector is seeking new methods for making hydrogen for its future energy needs. The paper will discuss Canada's hydrogen and fuel cell sector in the context of its capabilities, its demonstration and commercialization activities and its stature on the world stage. (author)

The prices of the oil sector; from competition to collusion: risks and benefits, in the Colombian energy market

International Nuclear Information System (INIS)

Perez Bedoya, Edigson

1996-01-01

The topic that has been presented for time one comes only analyzing as a result of the variations of the international prices of the raw one, which are owed in great measure to the stimulus of uses of new and better energy alternatives but that it complete the principle of the minimum cost, maximum benefit. From this perspective is en routed the development of the Colombian energy sector. The exercise that thinks about, is to present the notions and basic applications of a collusion model inside the oil market that analyzed it could be an alert voice for some of the managers of the private sector that ignoring some elements of the theory of games can incur in some mistakes in the energy market

Sustainable development of Russian regions

Directory of Open Access Journals (Sweden)

V. D. Kuz’menkova

2016-01-01

Full Text Available Sustainable development of administrative-territorial units (ATU refers to the main directions of Russian Federation state policy to ensure the security of the national economy to meet the vital needs of people and the preservation of such a possibility for the future generations. The article describes and analyzes the factors that have the most significant impact on the level of ATE development. The dynamics of the gross output of agriculture in Russia and its critical evaluation are presents. It was revealed that the development of the region is the basis of the national economy security. At present, the concept of “sustainable development” in Russia is relevant and the role of regions in the sustainable development of the Russian Federation is constantly increasing. Stability of self-financing of the regional economy is achieved through conducting effective fiscal, financial, credit, tax and price policy, establishment of equal inter-budgetary relations with the federal center, the development of the securities market, increasing the volume of exports. Conducted research allowed: to identify the main factors influencing the sustainable development of Russia regions. The reasons for the backlog of economy of the Smolensk region of the nationwide growth rate and direction of their elimination are examined. Formation of the forecast of domestic agriculture development in the period up to 2020 should be based on the priority position of the industry in the agricultural sector, which is determined by its decisive role in meeting the population’s needs for basic food products. Prospective volumes of production of major agricultural products are based on the need to meet the challenges provided by the Russian Federation Government Decree.

THE PROSPECTS OF INNOVATIVE DEVELOPMENT OF DOMESTIC OIL AND GAS COMPLEX

Directory of Open Access Journals (Sweden)

A. N. Dmitrievskii

2015-01-01

Full Text Available The New industrialization of the Russian economy is not possible without the formation of forward-looking strategy of innovative development of oil and gas complex, combining related industries. Oil and gas complex of Russia, its fi elds and infrastructure – is key to the territorial integrity of the country, the guarantor of stable functioning of the economy, the most important component of export potential and low-income. During the past decades, a combination of favorable external conditions for the activities of oil and gas companies such as easily recoverable reserves and long-term prospect of rising prices for raw materials – allow these companies do not pay enough attention to the innovation component. The approaching exhaustion of Russian stocks in the «easy» oil and toughening global competition for energy resources and technology made such an inertial approach to innovation is inadmissible; sanctions and the fall in world prices for hydrocarbons requires the development strategy of innovative development of oil and gas based approach combining resource and innovative potential of Russia.Objective: To analyze opportunities for integration into a coherent innovation strategy of fundamental and applied research of Russian scientists, including IPNG Russian Academy of Sciences, Institute of Economic Forecasting, and other scientifi c organizations.Objectives: To propose a mechanism of management of development based management model basic technical and economic parameters of oil and (or gas through its full life cycle, as well as to demonstrate the possibility of forming a strategic decision of a higher level, combining new technologies and market management methods.Methodology: systematic approach, investment analysis, models of the full life cycle of natural and man-made objects, the fundamentals of feasibility and tax planning.Practical application of the results of this work: management model of oil and gas deposits �

Polish-Bulgarian-Russian, Bulgarian-Polish-Russian or Russian-Bulgarian-Polish dictionary?

Directory of Open Access Journals (Sweden)

Violetta Koseska-Toszewa

2015-11-01

Full Text Available Polish-Bulgarian-Russian, Bulgarian-Polish-Russian or Russian-Bulgarian-Polish dictionary? The trilingual dictionary (M. Duszkin, V. Koseska, J. Satoła and A. Tzoneva is being elaborated based on a working Polish-Bulgarian-Russian electronic parallel corpus authored by Maksim Duszkin, Violetta Koseska-Toszewa and Joanna Satoła-Staśkowiak, and works by A. Tzoneva. It is the first corpus comparing languages belonging to three different Slavic language groups: western, southern and eastern. Works on the dictionary are based on Gramatyka konfrontatywna bułgarsko-polska (Bulgarian-Polish confrontative grammar and the proposed there semantic-oriented interlanguage. Two types of classifiers have been introduced into the dictionary: classic and semantic. The trilingual dictionary will present a consistent and homogeneous set of facts of grammar and semantics. The Authors point out that in a traditional dictionary it is not clear for example whether aspect should be understood as imperfective / perfective form of a verb or as its meaning. Therefore in the dictionary forms and meaning are separated in a regular way. Imperfective verb form has two meanings: state and configuration of states and events culminating in state. Also perfective verb form has two meanings: event and configuration of states and events culminating in event. These meanings are described by the semantic classifiers, respectively, state and event, state1 and event1. The way of describing language units, mentioned in the article, gives a possibility to present language material (Polish, Bulgarian, Russian in any required order, hence the article’s title.

Oil and gas financing by the World Bank

International Nuclear Information System (INIS)

Razavi, Hossein

1995-01-01

The World Bank has developed a flexible oil and gas programme that is structured to meet the changing needs of the sector as they arise. The Bank became prominent in the oil and gas sector after the oil crises of the 1970s, when it began assisting client countries in developing their indigenous energy resources. At the beginning, Bank lending concentrated on exploration and development of hydrocarbon resources where the level of lending expanded to US$1 billion in 1983. This rapid expansion caused some concern that Bank activities might preempt those of the private sector. In response, the Bank imposed in 1984 strict limitations on petroleum exploration and oil production lending. In combination with the perception that future oil demand would be weak, this caused the lending programme to fall off sharply (to US$300 million by 1986). By 1990, the Bank was again moving actively into hydrocarbon sector lending, but then the emphasis was on promoting private sector development and supporting the development of natural gas as a substitute for coal and oil. Bank lending to the sector has been on the increase since 1990; a lending level of about US$1 billion yearly is expected for the second half of the 1990s. In addition to its direct lending, the World Bank facilitates contributions by other financiers through its cofinancing and risk mitigation arrangements. (author)

THE DEVELOPMENT AND THE STRATEGY OF THE OIL AND GAS PIPELINES OF RUSSIA

Science.gov (United States)

Motomura, Masumi

The Russian oil and gas industry earns more than half of the Russian tax revenue and foreign currency, and has been playing the role of the backbone of the state economy through the eras of the Soviet Union and the Russian Federation. With the elongation of distance to the European market from the oil producing regions, starting from Baku in the era of Imperial Russia to the Second Baku (Volga-Ural) and the third Baku (West Siberia) in turn, the role of the oil pipeline system as the transportation infrastructure became more and more important and the deployment of pipelines has become one of the indispensable pillars of oil strategy. Now, the oil pipeline network is to reach the Pacific Ocean, which will enable Northeast Asia to be added as a destination for Russian oil, with a result of expanding influence for Russia in these regions. On the other hand, gas exports from the Soviet Union to Eastern Europe started in 1967 by constructing a trunk pipeline from Ukraine, which was extended to West Germany in 1973, overcoming the confrontation between the East and the West and becoming a regional stabilizer. The United States considered this pipeline as an energy weapon and criticized this deal by saying that when Soviet gas flows to Western Europe, its political influence must flow like the gas itself. However, the Soviet Union collapsed in 1991, while gas transportation continued without any disruption. This is evidence that the gas pipeline from the Soviet Union was purely for a business purpose and was not politicized. Recently, Russia is aiming to export gas to northeastern Asia, which is expected to be a new stabilizer in this region, although different types of diffi culties (especially about the method of determination of the gas price) still need to be resolved.

Integration test of ITER full-scale vacuum vessel sector

International Nuclear Information System (INIS)

Nakahira, M.; Koizumi, K.; Oka, K.

2001-01-01

The full-scale Sector Model Project, which was initiated in 1995 as one of the Large Seven R and D Projects, completed all R and D activities planned in the ITER-EDA period with the joint effort of the ITER Joint Central Team (JCT), the Japanese, the Russian Federation (RF) and the United States (US) Home Teams. The fabrication of a full-scale 18 toroidal sector, which is composed of two 9 sectors spliced at the port center, was successfully completed in September 1997 with the dimensional accuracy of ± 3 mm for the total height and total width. Both sectors were shipped to the test site in JAERI and the integration test was begun in October 1997. The integration test involves the adjustment of field joints, automatic Narrow Gap Tungsten Inert Gas (NG-TIG) welding of field joints with splice plates, and inspection of the joint by ultrasonic testing (UT), which are required for the initial assembly of ITER vacuum vessel. This first demonstration of field joint welding and performance test on the mechanical characteristics were completed in May 1998 and the all results obtained have satisfied the ITER design. In addition to these tests, the integration with the mid plane port extension fabricated by the Russian Home Team, and the cutting and re-welding test of field joints by using full-remotized welding and cutting system developed by the US Home Team, are planned as post EDA activities. (author)

Integration test of ITER full-scale vacuum vessel sector

International Nuclear Information System (INIS)

Nakahira, M.; Koizumi, K.; Oka, K.

1999-01-01

The full-scale Sector Model Project, which was initiated in 1995 as one of the Large Seven ITER R and D Projects, completed all R and D activities planned in the ITER-EDA period with the joint effort of the ITER Joint Central Team (JCT), the Japanese, the Russian Federation (RF) and the United States (US) Home Teams. The fabrication of a full-scale 18 toroidal sector, which is composed of two 9 sectors spliced at the port center, was successfully completed in September 1997 with the dimensional accuracy of - 3 mm for the total height and total width. Both sectors were shipped to the test site in JAERI and the integration test was begun in October 1997. The integration test involves the adjustment of field joints, automatic Narrow Gap Tungsten Inert Gas (NG-TIG) welding of field joints with splice plates, and inspection of the joint by ultrasonic testing (UT), which are required for the initial assembly of ITER vacuum vessel. This first demonstration of field joint welding and performance test on the mechanical characteristics were completed in May 1998 and the all results obtained have satisfied the ITER design. In addition to these tests, the integration with the mid plane port extension fabricated by the Russian Home Team, and the cutting and re-welding test of field joints by using full-remotized welding and cutting system developed by the US Home Team, are planned as post EDA activities. (author)

Massive open online courses in foreign and Russian education system

Directory of Open Access Journals (Sweden)

Сергей Дмитриевич Каракозов

2014-12-01

Full Text Available The article discusses the phenomenon of MOOC (Massive Open Online Courses, which opened up new opportunities for the distance learning. Shows the advantages and disadvantages of the MOOC, the prospects of their use in the education system of Russia and in particular in the sector of teacher education. Research is executed within the State task Ministry of Education and Science of the Russian Federation, number of the state registration - 01201153724.

Cooperation between Russia and Vietnam in Oil and Gaz Industry

Directory of Open Access Journals (Sweden)

К S Karapetyan

2012-06-01

Full Text Available The article deals with the problems and prospects of Russian-Vietnamese strategic partnership in the oil and gas industry as an example a 30-year practice of «Vietsovpetro». Exploration and production of oil and gas remains to be the most important part of economic and trade relations between two countries. Signed agreement extends the activities of «Vietsovpetro» until 2030, and projects of Russian companies Lukoil, Gazprom and TNK-BP suggests that Russia has managed to interest the Vietnamese side to continue the mutually beneficial cooperation. However, current international realities require the ongoing development of promising new projects, including investment.

Environmental Accounting and Reporting in Fossil Fuel Sector : A Study on Bangladesh Oil, Gas and Mineral Corporation (Petrobangla)

OpenAIRE

Bose, Sudipta

2006-01-01

Petrobangla is the sole responsible organization to maintain the fossil fuel sector in Bangladesh. It is accountable to next generations for oil, gas and other natural resources. It is necessary to ensure optimum use of these resources. Development activities cannot be sustained if these resources are depleted through wasteful use. This study indicates that Petrobangla takes many initiatives to provide environment-friendly energy in the economy. Environmental Accounting and reporting is th...

Transition of Russian energy industry to a market economy

International Nuclear Information System (INIS)

Makarov, A.

1992-01-01

The Russian energy industry by totality of politic, social and economic circumstances has entered into the sharpest crisis. Development of energy industry has practically ceased, it has appeared a decline in electricity , oil and coal production. However it has been accumulated a vast intact potential for energy conservation and the change of energy consuming equipment in USSR by the best models of the world could reduce the present annual consumption by about 500 millions.tonnes of coal equivalent

Russian Energy Strategy and development of renewable power industry

OpenAIRE

Bazhanov, Andrei; Tyukhov, Igor

2008-01-01

We consider two scenarios of the development of renewable power industry in Russia on an example of the Dasgupta-Heal-Solow-Stiglitz model. We assume that the resource rent is being invested into capital in the form of renewable power technologies according to the standard Hartwick saving rule. We use the modified Hotelling rule that reflects externalities implying, in particular, growing rates of oil extraction. We have shown that the growing extraction, prescribed by the Russian Energy Stra...

Assessment of the Public Procurement Role in Public Sector Modernization in Russia

Directory of Open Access Journals (Sweden)

Averkieva Elena, S.

2016-03-01

Full Text Available The impact of public procurement on the Russian economy is investigated in the paper. An assessment of the system’s effect on national competitiveness and the activities of small businesses is provided. Public contract system is a versatile tool that can be used to control a wide variety of economic sectors. Every year, the share of public sector in the Russian economy is increasing, that means the state influence on economic processes taking place in the country is growing steadily. First of all the importance of public procurement in the Russian economy can be estimated by matching parameters of the budgetary system and GDP. The interrelationship of public procurement and national competitiveness is identified in the paper based on the consideration of measures to ensure energy efficiency and national treatment. Efficient spending of budget funds, as stated in the objectives of the contract system, is analyzed by the indicator of the savings in absolute and relative terms. Indicators of system openness, which will improve the monitoring of its transparency, are given to determine the effect on the economy of corruption component of public procurement.

The Common Agricultural Policy Role in Addressing External Shocks - The Case of Russian Import Ban

Directory of Open Access Journals (Sweden)

ANDREEA DRĂGOI

2015-05-01

Full Text Available The Common Agricultural Policy (CAP is one of the oldest and most controversial common policies and it is financed directly from the European Union budget. Some critics of CAP argue that especially in the context of the challenges brought by the international crisis, this policy represents a “burden” for the European budget. Our research aims to responds those critics by showing that CAP may represent an important tool for addressing the external shocks impact on agricultural sector of EU. In this view, we will highlight the role of CAP in sustaining the European farmer during the crisis generated by the Russian import ban, adopted as a response to the sanctions imposed by EU to the Russian Federation in the context of Ukrainian crisis. Using a quantitative and qualitative analysis we will assess how the CAP has supported the European agricultural sector and also the future measures that could be adopted to create a more flexible response in the case of other external shocks.

International oil and gas finance review 1997

International Nuclear Information System (INIS)

Anon.

1997-01-01

This first edition covers financing projects in the developing world, mergers and acquisitions; mitigating cross-border risk; basic risk in energy markets; real-time oil and gas pricing issues; oil and gas equity; risk management; project finance. The yearbook also features more regional specific topics such as: gas transportation in the Mercosur; 25 years of growth in the UAE; natural gas in Mexico; LNG in the Far East; legal issues surrounding the Russian oil and gas industry; LNG projects in the Middle East; the North Sea; and financing the oil and gas industry of Southern and South Africa. (UK)

Potential contribution of bioethanol fuel to the transport sector of Vojvodina

International Nuclear Information System (INIS)

Dodic, Sinisa N.; Popov, Stevan D.; Dodic, Jelena M.; Rankovic, Jovana A.; Zavargo, Zoltan Z.

2009-01-01

The Autonomous Province of Vojvodina is an Autonomous Province in Serbia and it is an energy-deficient country. The indigenous reserves of oil and gas are limited and the country is heavily dependent on the import of oil. The oil import bill is a serious strain on the country's economy and has been deteriorating the balance of payments situation. The country has become increasingly more dependent on fossil fuels and its energy security hangs on the fragile supply of imported oil that is subject to disruptions and price volatility. The transport sector has a 26% share in the total commercial energy consumption in Vojvodina. About 0.62 million tons of gasoline were consumed by this sector in 2008. Gasoline consumption in the transport sector is also a major source of environmental degradation especially in urban areas. Consequently, Vojvodina needs to develop indigenous, environment-friendly energy resources, such as bioethanol, to meet its transport sector's energy needs. Vojvodina produces about 3 million tons of sugar beet every year. There is a vast potential for bioethanol production from molasses of sugar beet in the country. Bioethanol can be used in transport sector after blending with gasoline, in order to minimize gasoline consumption and associated economical and environmental impacts. This paper presents the assessment of the potential contribution of bioethanol in the transport sector of Vojvodina. It is concluded that 20% of annual gasoline consumption in transport sector could be met from ethanol by the year 2026. (author)

Venturing into the private sector: Conclusion

International Nuclear Information System (INIS)

Anon.

1993-01-01

From the very beginning, HEU has been a government-to-government deal. And right fully so. These weapons were produced by the US and Russia over the course of the Cold War. The two superpowers should play the main role in their dismantlement. After all, these aren't cars or microcomputers we're talking about. They are weapons of mass destruction. One day, private business will profit from their dismantlement. But it is truly the responsibility of the US and Russian governments to accomplish the larger objective of the HEU deal: To destroy these weapons, once and for all. But if government can fulfill the role of moral overseer, there's no reason why the private sector should not be involved in implementing the plan. And there is no shortage of companies lining up for a piece of the business. The Russians are all ears. While a deal with the US is their main priority, they've spoken to a number of private companies about blending down and marketing the HEU. In recent months, several US companies have signed preliminary agreements with the Russians. But what actual business these agreements will lead to is very unclear

The oil at 50$: reserves depletion or OPEC revenge?

International Nuclear Information System (INIS)

Noel, P.

2005-06-01

Although the oil price is still far from its historical maximum, the oil market is today in crisis. To explain this situation the author discusses the nature of the supply constraints. The reserves are today better known and so more plentiful than at a previous period of the oil history and the russian production since 2004 is stagnating. The main factor seems to be the OPEC policy and in particular the will of limiting the oil production to defend upper prices. (A.L.B.)

An assessment of investment projects in terms of gas and oil sectors of Ukraine’s and Russia’s industry

Directory of Open Access Journals (Sweden)

Iryna Dzebykh

2010-12-01

Full Text Available This article considers the assessment of investment projects with the usage of characteristic examples, taken from gas and oil sectors of the industries, which are of crucial importance for the economies of Ukraine and Russia. These branches of industry are characterized by insufficient definition and complicacy, which necessitates the financial analysis of these sectors in Ukraine and Russia, especially if it is made for the assessment of the investment projects. In the long-term investment budget planning of the company the financial analysis is carried out to determine the investment possibilities, the value of which for the company is more than the money necessary for the ensurance of such possibilities. A few proposed methods can help specialist-analysts to take right decisions concerning investments.

Labour market assessment of the offshore oil and gas industry supply and service sector in Newfoundland and Labrador

International Nuclear Information System (INIS)

2003-09-01

The Petroleum Industry Human Resource Committee (PIHRC) commissioned this study in December 2002 to develop a profile of the labour demand and supply for the upstream production phase of the offshore oil and gas industry. Interviews with representatives from more than 45 countries in the offshore oil and gas sector in Newfoundland and Labrador were conducted. In addition, the results of a mail survey forwarded to an additional 42 companies were included along with a review of secondary labour market research. More than 340 positions were identified in the production phase in the study. Of these, approximately 80 were identified as difficult to recruit for a variety of reasons including: insufficient experience in the oil industry; occupational shortages; short-term or project employment opportunities; very limited employment opportunities and limited occupational supply; lack of specific occupational training programs; and additional projects possibly leading to occupational shortages. The study provided valuable input concerning future labour market and human resource planning and career counselling on the 340 positions previously identified. 10 tabs

Labour market assessment of the offshore oil and gas industry supply and service sector in Newfoundland and Labrador

Energy Technology Data Exchange (ETDEWEB)

NONE

2003-09-01

The Petroleum Industry Human Resource Committee (PIHRC) commissioned this study in December 2002 to develop a profile of the labour demand and supply for the upstream production phase of the offshore oil and gas industry. Interviews with representatives from more than 45 countries in the offshore oil and gas sector in Newfoundland and Labrador were conducted. In addition, the results of a mail survey forwarded to an additional 42 companies were included along with a review of secondary labour market research. More than 340 positions were identified in the production phase in the study. Of these, approximately 80 were identified as difficult to recruit for a variety of reasons including: insufficient experience in the oil industry; occupational shortages; short-term or project employment opportunities; very limited employment opportunities and limited occupational supply; lack of specific occupational training programs; and additional projects possibly leading to occupational shortages. The study provided valuable input concerning future labour market and human resource planning and career counselling on the 340 positions previously identified. 10 tabs.

Oil investment in Latin America

International Nuclear Information System (INIS)

Kielmas, M.

1994-01-01

In the early 1990s Latin America became a favoured target for foreign investors as one of the side-effects of the collapse of communism in Eastern Europe and the Soviet Union. The reason is linked to macroeconomic reforms in Latin America and the failure of equivalent reforms in the former communist countries. Latin American state-owned-oil companies have been welcomed as borrowers on the international financial markets. Simultaneously private sector investment in the oil industry has increased. This chapter examines nationalisation and the state oil companies, the financing of the state sector, privatisation, the boosting of oil exploration and security issues. The sustainability of the economic reforms in the region is discussed. (UK)

Can zoning resolve nature use conflicts? The case of the Numto Nature Park in the Russian Arctic

NARCIS (Netherlands)

Pristupa, A.O.; Tysyachnyouk, M.; Mol, A.P.J.; Leemans, H.B.J.; Minayeva, Tatiana; Markina, Anastasia

2017-01-01

In the Russian Arctic, nature protection is important to preserve valuable ecosystems and indigenous lifestyles against the rapidly expanding oil and gas activities. In this regard, zoning legitimately balances influential stakeholders versus weak ones, and can leverage stakeholders to exercise

Power without manpower: Forecasting labour demand for Estonian energy sector

International Nuclear Information System (INIS)

Meriküll, Jaanika; Eamets, Raul; Humal, Katrin; Espenberg, Kerly

2012-01-01

As energy demand and prices continue to grow, oil shale might help mitigate the energy crisis—it can widely be found all over the world but so far has not been widely used. Estonia is unique in the world for producing a large majority of energy out of oil shale and has been set as an example in numerous papers covering oil shale deposits, technology etc. This paper is the first to analyse oil shale energy related workforce and provides scenario forecasts of the labour demand for the Estonian energy sector in 2010–2020. The contribution of the paper is twofold. First, the paper provides a valuable insight into oil shale energy related workforce, enabling to take into consideration the educational needs in countries where oil shale industry might be set up. Second, methodology-wise, the paper relates labour demand and supply to different scenarios of energy production capacities. The results illustrate problems related to aging of the workforce in energy production. If the existing trends continue in educational attainment in Estonia, there will be a serious shortage of high-skilled engineering and manufacturing specialists. Our method provides a simple yet reliable enough way to check for such problems early enough. - Highlights: ► This paper analyses oil shale energy related workforce and provides scenario forecasts. ► This is the first study to investigate the workforce related to oil shale energy production. ► The main workforce-related problem in the sector is ageing of the workforce. ► Workers immigrating to the sector during the Soviet times are at the retirement age. ► There will be a serious shortage of engineers for energy sector in the near future.

Evolution of the economic importance of the oil and gas industrial sector in Brazil: impacts on macroeconomic indicators; Evolucao da importancia economica da industria de petroleo e gas natural no Brasil: contribuicao a variaveis macroeconomicas

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre Luis de Souza

2007-06-15

This thesis analyzes the evolution of the macroeconomic importance of the oil and gas sector in Brazil, in the recent years, which is represented by its contribution to the macroeconomic indicators, which are: GDP, Investment, Foreign Direct Investment, Trade Balance, Tax Revenue, Jobs, Wages and Inflation. The results found indicate that the oil and gas sector has a relevant contribution to the values of the Brazilian GDP, total amount of investment, total amount of foreign direct investment, tax revenue, inflation and trade balance, whereas this sector has a less relevant impact for the creation of jobs and wages in Brazil. (author)

Upstream oil and gas. Subsector no. 7: Oil and gas exploration and development 1995 to 1999

Energy Technology Data Exchange (ETDEWEB)

NONE

2000-08-01

Prepared by the Alberta Human Resources and Employment, this report provides a summary of the lost-time injuries and disease descriptions of workers injured while employed in the upstream oil and gas industries in Alberta during the period 1995 to 1999. The report includes the characteristics of the injured worker and the risk of injury to workers in the industries in Alberta, as well as the cost of injuries and revenue by means of total premiums paid by the employers. The occupational fatalities that were accepted by the Workers Compensation Board and investigated by the Occupational Health and Safety were summarized in the report along with a brief description of the injuries. The aim was to provide information concerning health and safety issues to government, employers, workers, and health and safety officers in the industries in Alberta about health and safety issues. The focus was placed on the oil and gas exploration and development sub-sector. Defined as all upstream oil field activities of employers which generate revenue from the production and sale of crude oil and/or natural gas, the sub-sector comprises major integrated oil and gas companies and small independent producers. In those cases where the owner/producer operates its own upstream production/processing facilities, they form an integral part of this sub-section. In addition, oil and gas marketing firms are included. Oil/gas well, well head equipment; flow lines/gathering systems tied into field processing facilities; battery sites/compressors stations; crude oil separators and natural gas dehydrators/treaters; natural gas/sulfur processing plants; heavy oil projects including steam generation; and other enhanced recovery methods are all included in the sub-sector. The other sub-sectors in the upstream oil and gas industries are: exploration, oilfield maintenance and construction, well servicing with service rigs and power swivels, drilling of oil and gas wells, oilfield downhole and other

The Factor Mobility in the Russian Economy

Directory of Open Access Journals (Sweden)

Lyudmila Ivanovna Vlasyuk

2012-12-01

Full Text Available On the basis of regional economic data of the Russian Federation the authors implement an empirical test of the theoretical concept according to which factors of production – labour and capital – try to get to the region where their incomings – wages and returns on capital – are the highest, revealing the tendency to their spatial equalization. The result is ambiguous. On the one hand, there are the highest growth rates of wages in regions with the highest growth rates of capital as a consequence of the increase in the marginal product of labor. On the other hand, the initial differences in regional endowments of capital and labour do not generate resource movements. This reveals the paradox: the capital growth rates are the highest in regions with relatively high (in comparison with national median level initial wages which imply a comparatively high capitallabour ratio and a small marginal product of capital. One of such regions, Khabarovsky Krai, is analyzed in details. The authors study two economic sectors in the region – capital-intensive and labour-intensive. It is found that the demand for output of the labour-intensive sector grows faster than that of the capital-intensive sector, resulting in such a reallocation of resources among sectors, which causes the increase of capital-labour ratio and wages in both sectors and in region as a whole. So the paradox can be explained by intra-regional factor movements which were not taken into account in testing of spatial (inter-regional factor movements and of production factor incomings

Japan's oil market and refining sector

International Nuclear Information System (INIS)

Yamaguchi, N.D.

2002-01-01

The present economic situation in Japan is discussed. In particular, the focus is on fluctuations in oil product demand, imports of crude oil, and the refining industry. Throughout the 1990s, Japan was plagued by a volatile economy and the new millennium has shown no improvement. A prolonged recession means that the country now has little confidence in its leaders and its institutions, consumer confidence is low and asset values have deflated. Due to a low birth rate and long life expectancy, the population is aging and this means lower savings rates. The contrast between the present situation and the so-called economic miracle once enjoyed by the Japanese is hard to accept, but despite all this, the Japanese lifestyle and economy are to be envied

Oil and power: Iraq at the crossroads

International Nuclear Information System (INIS)

Enay, P.

1995-11-01

Oil and Power: Iraq at the Crossroads is the first analysis which specifically addresses the oil sector in Iraq. It provides a detailed account of the present Iraqi oil infrastructure and assesses the risks and opportunities facing those who seek to invest in its redevelopment. The report examines the implications for the world oil markets of Iraq's ambitious plans to expand production capacity to 6m barrels per day -almost twice its pre-war peak. It explains in clear, authoritative terms the profound problems confronting Iraq's oil sector and the prospects for rebuilding it. It analyses expertly and in detail the current regime's chances of survival and examines the alternative contenders for power -and their likely attitudes towards co-operation with foreign oil interests. The report examines and explains: Iraq's oil infrastructure, from fields under exploration to nominal administrative structure; the effect on oil prices of Iraq's eventual re-entry into the oil market; the facilities in need of repair and where the shortage of spares and human expertise are; the unofficial decision-making structure in the oil sector; the short- and medium-term impact of economic disintegration on oil development policy; the effects of UN sanctions and the motives of those supporting or opposing sanctions; the likely impact of prevailing economic constraints on Iraqi oil and the historical role of commissions in Iraqi oil contracts; the political impact of General Hussein Kamal Hassan's defection and the Kurdish and Shi'ite threats to Iraqi national unity. (author)

Potential contribution of ethanol fuel to the transport sector of Pakistan

International Nuclear Information System (INIS)

Harijan, Khanji; Memon, Mujeebuddin; Uqaili, Mohammad A.; Mirza, Umar K.

2009-01-01

Pakistan is an energy-deficient country. The indigenous reserves of oil and gas are limited and the country is heavily dependent on the import of oil. The oil import bill is a serious strain on the country's economy and has been deteriorating the balance of payments situation. The country has become increasingly more dependent on fossil fuels and its energy security hangs on the fragile supply of imported oil that is subject to disruptions and price volatility. The transport sector has a 28% share in the total commercial energy consumption in Pakistan. About 1.15 million tonnes of gasoline was consumed by this sector during 2005-2006. The gasoline consumption in the transport sector is also a major source of environmental degradation especially in urban areas. Consequently, Pakistan needs to develop indigenous, environment-friendly energy resources, such as ethanol, to meet its transport sector's energy needs. Pakistan produces about 54 million tonnes of sugarcane every year. The estimated production potential of ethanol from molasses is about 500 million liters per annum. Ethanol can be used in the transport sector after blending with gasoline, in order to minimize the gasoline consumption and associated economical and environmental impacts. This paper presents the assessment of the potential contribution of ethanol in the transport sector of Pakistan. It is concluded that 5-10% of the annual gasoline consumption in transport sector could be met from ethanol by the year 2030 under different scenarios. About US$200-400 million per annum could be saved along with other environmental and health benefits by using gasol in the transport sector. (author)

Natural gas to buoy Trinidad and Tobago petroleum sector

International Nuclear Information System (INIS)

Anon.

1993-01-01

Trinidad and Tobago's petroleum sector remains at a crossroads. While heavily reliant on oil and gas for domestic energy consumption and hard currency export earnings, the small Caribbean island nation faces some tough choices in reviving its hydrocarbon sector in the 1990s. Exploration and production of crude oil have stagnated in recent years, and domestic refinery utilization remains low at 36%. However, substantial natural gas reserves in Trinidad and Tobago offer the promise of a burgeoning natural gas based economy with an eye to liquefied natural gas and gas based petrochemical exports. Any solutions will involve considerable outlays by the government as well as a sizable infusion of capital by foreign companies. Therein lie some of the hard choices. The article describes the roles of oil and gas, foreign investment prospects, refining status, refining problems, gas sector foreign investment, and outlook for the rest of the 1990's

Anti-Crisis Solutions for Regional Energy Sector

Directory of Open Access Journals (Sweden)

Leonid Davidovich Gitelman

2015-09-01

Full Text Available The paper considers anti-crisis solutions for the electricity sector that fall into the category of strategic ones. Their primary purpose is to ensure the flexibility and adaptability of the system and prevent emergencies in the future. The authors explain the need for a holistic approach to taking anti-crisis decisions in power engineering and propose ways to improve the economic mechanism of cost reduction based upon international practice and placed in the Russian context. The benefits of demand-side management in ensuring the reliability of power supplies amid crisis are shown. The paper looks at various implementation modalities for demandside management programmes and explores development prospects for distributed generation in Russia and stand-alone power supply options for manufacturing companies. Factors are assessed that affect the cost effectiveness of going off the grid. A general scheme of cost management aimed at reaching the strategic goals of the regional electricity sector is presented. The authors reveal possible applications and advantages of using predictive analytics for effective cost management. Ways of improving asset management are considered as well as the possibility of their employment in the Russian context. The key barriers to their implementations and ways of overcoming them are identified

Conflict Approaches of Effective Project Manager in the Upstream Sector of Indonesian Oil & Gas Industry

Directory of Open Access Journals (Sweden)

Adhi Cahyono

2012-11-01

Full Text Available Normal 0 false false false IN X-NONE AR-SA MicrosoftInternetExplorer4 Conflict can be functional or dysfunctional to the organization’s performance. This study focused on the relationship between conflict approaches implemented by the project manager based on project team member’s perception on the effectiveness of the project manager in managing project’s conflict. Questionnaires were modified from Barker et al. (1988 to measure conflict management approaches and outcomes of managing project conflict. Data were gathered from 57 respondents who worked in the Engineering, Procurement, and Construction (EPC contractors serving the upstream sector of the Oil and Gas industry in Indonesia. By using Pearson correlation, result of this study indicated that project managers were perceived to be effective in managing project conflict when implementing cooperative and confi rmative approaches, but ineffective when combining competitive and avoidance approaches. Further research should investigate correlation between cultural dimensions with conflict approaches and outcomes of managing conflict. Keywords: Conflict approaches, effective project manager, EPC contractors, upstream sector of oil and gas industry /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:Arial; mso-bidi-theme-font:minor-bidi; mso-fareast-language:EN-US;}

The Russian gas industry

International Nuclear Information System (INIS)

1997-01-01

The Russian Federation holds the world's largest proven natural gas reserves, and produces more natural gas than any other nation. Russian exports of gas to Europe and the other nations of the Commonwealth of Independent States (CIS) have a significant impact on natural gas markets throughout Europe and Asia. The aim of this three part study is to inform the international energy and investment community about the current status of the Russian gas industry and the prospects for its future development through 2010. It is also intended to provide an opportunity for the appropriate authorities in the Russian Federation to assess the needs of the industry and to consider areas for possible collaboration with the international investment community and international organizations in a rapidly changing economic and business environment. The study was prepared by the Energy Branch of the United Nations Department for Development Support and Management Services (UN/DDSMS). It was financed by the United Nations Development Programme (UNDP). Part I describes Russian gas reserves and potential resources, and overviews the country's gas producing, pipeline and distribution industries. Additionally, it summarizes the markets for Russian natural gas including domestic and external markets. It discusses the primary economics and potential factors that currently impact the Russian gas industry during the Federation's transition toward a market economy. Part II highlights possible directions for the development of the Russian gas resource base, including upstream gas production and downstream marketing in five-, ten- and fifteen-year time frames. It projects export opportunities for Russian Federation gas and evaluates the options for shaping regional and international markets. Part III addresses the legal and regulatory framework and fiscal regime of the Russian gas industry. It also reviews the major investment requirements and the equipment and training needs of the Russian gas

The wrangling for Rosneft

International Nuclear Information System (INIS)

Stewart, A.

1998-01-01

Rosneft is the last major oil company to be sold by the Russian government in its oil industry restructuring programme. Formed as the successor to the Soviet ministry for oil, Rosneft has had only a marginal influence on the development of the industry by comparison with the leading companies who are preparing to bid for it though it has several important assets left under its control. Intense behind-the-scenes lobbying has been going on for months to try to influence the sale. Essentially the battle is between those, such as the former prime minister Chernomyrdin and a group of bankers who increasingly control the oil sector, who wish to keep the sale as an inside deal for Russian companies, and President Yeltsin and reforming politicians who favour an open approach in order to secure the best deal for the state. The political background to this fight for control of Rosneft is examined. Whatever the outcome, further consolidation in the Russian oil industry is likely in the next few years and the move to consolidate is also likely to encourage foreign investment. (UK)

Hydrocarbons - In the era of low-cost oil

International Nuclear Information System (INIS)

Dupin, Ludovic; Delamarche, Myrtille; Cognasse, Olivier; De Jaegher, Thibaut; Fleitour, Gaelle

2015-01-01

A set of articles addresses the current context of low cost oil and steep drop in oil prices. Graphs illustrate the evolution of oil prices, of supply and demand, of exploitation costs. This drop is partly due to the high level of production in Russia, Iraq and USA. This context results in drastic reductions of investments by companies involved in the oil sector, and therefore in job reduction, and in reduction of service costs. These reductions impact actors of the seismic analysis sector. Other consequences are more positive for consumers and refiners, and a trend towards diversification and consolidation for operators. The chairman of Technip answers some questions on Technip activities, situation and strategy. The case of the petrochemical sector is also addressed

The strategy of the key players in the African oil sector (the Gulf of Guinea)?

International Nuclear Information System (INIS)

Copinsch, Ph.

2001-01-01

The African oil industry, (particularly in the deep water offshore fields of the Gulf of Guinea), is symbolic of the new balance of power taking shape in the oil industry between the international companies and the host state on the one hand, and between the petrol companies themselves on the other. In an area rich in potential and which has become highly competitive, the traditional players in the region's oil development sector (Shell, Chevron and TotalFinaElf) which have for so long been sheltered from genuine competition in their respective areas of activity, must now face up to the renewed ambitions of new 'Super Majors' (in particular ExxonMobil), not to mention those of many independent companies seeking to internationalize their business. Several reasons explain this change. Firstly, the main developments are now taking place offshore with deep water drilling, and financial solidity and technological competence have replaced the closeness of political links as key factors of success. In these conditions, the risk of long term marginalization for the medium-sized companies is considerable. Secondly, the need to achieve profitability stressed by the major petrol groups is opening the door to the independents who are operating a niche policy (based on marginal or mature fields which no longer interest the majors). This type of competition tends to promote activity and to open up new countries to exploration and production (in particular Equatorial Guinea). (author)

CHALLENGES AND OPPORTUNITIES FOR EMISSION REDUCTIONS FROM THE COAL-FIRED POWER SECTOR IN GROWING ECONOMIES: THE CASE OF COAL-FIRED ELECTRIC UTILITY PLANTS IN RUSSIA

Science.gov (United States)

China, Russia and India together contribute over one-fourth of the total global greenhouse gas emissions from the combustion of fossil-fuels. This paper focuses on the Russian coal-fired power sector, and identifies potential opportunities for reducing emissions. The Russian powe...

CONDITIONS OF FORMING OIL COMPANY INNOVATIVE DEVELOPMENT MODEL

Directory of Open Access Journals (Sweden)

A. N. Dmitrievsky

2012-01-01

Full Text Available Innovative development of contemporary RF oil industry enterprises and companies faces considerable difficulties. Main problems that hamper scientific and technological development and modernization of domestic oil companies are lack of demand for innovations, specific corporateculture of these companies and the country’s scientific and technological politics. Situation with advanced domestic technologies in the industry and their long-lasting and efficient use by Russian enterprises and companies is examined.

Restructuring: new relationships between the oil companies and the upstream oil firms

International Nuclear Information System (INIS)

Barreau, S.

2001-11-01

Since the 1986 oil shock, international oil companies have focused on their base competencies, concentrating on activities viewed as their core businesses and steadily increasing the number of tasks to be subcontracted to the upstream oil and gas service sector. The upstream oil and gas service companies had to be restructured to face this new challenge. The strategies they launched at the end of the 80's were varied. Some firms became largely integrated (Schlumberger, Baker Hughes, Halliburton) whereas other firms chose to broaden their range of services. However generally, they opted for external investment which led to an important wave of mergers and acquisitions. The first part characterizes the upstream oil and gas sector by introducing the main oil and gas service firms and their recent strategic evolution. This concludes with both an economic valuation and a typology of attempted growth strategies. To illustrate this, a matrix has been created to characterise the dynamic paths of the oil and gas service firms. The purpose of the second part is to consider the economic theories related to industrial strategies. The strategies of innovation, market protection, vertical integration and diversification have been studied to illustrate the main conclusion which is that the aim of all these strategies was to change the relationships between the oil companies and the upstream oil and gas service firms. (author)

Oil: Economics and politics

International Nuclear Information System (INIS)

Ayoub, A.

1994-01-01

A review is presented of the evolution of the international petroleum sector since 1973 with a special emphasis on the interdependence between the economic and political factors that influence it. Two issues are focused on: the effects of the nationalization of oil companies on the sharing of oil rents and on changes in the structure of the oil market; and the determination of oil prices. Definitions are presented of oil rents, and the reasons for OPEC nationalization of oil companies are explored. The effects of nationalization on market structures, expansion of free markets, and vertical integration are discussed. The existence of an oil price floor and the reasons for such a floor are examined. It is shown that nationalization induced an internalization of rents by the producing countries, leading to the emergence of a differential rent supported by the politics of the industrialized countries. Nationalization led to the breakup of systems of vertical and horizontal integration, with replacement by a new dual structure with OPEC controlling the upstream activities of the oil sector and oil companies controlling the downstream ones. Prices move between a floor price set by the costs of substitute deposits in the U.S., while the determination of ceiling levels by OPEC rests on successive fragile compromises. Overall oil is still a strategic product, despite the existence of spot markets, forward trading options, etc. 29 refs

Improvements in progress for Russia's new PSA law

International Nuclear Information System (INIS)

Pugliaresi, L.; Hensel, A.C.

1996-01-01

Russian legislation making production sharing agreements (PSAs) fully legal under Russian law passed the upper house of the Russian Parliament (Federal Council) on December 19, 1995, was signed into law by President Boris Yeltsin on December 31, 1995, and took effect on January 11, 1996. While PSA legislation remains the central legal basis for large scale investment in the Russian petroleum sector, company views towards investment in this sector are tied to much more than the extent of legal guarantees. Investor attitudes are also shaped by expectations regarding political stability, behavior of Russian regulatory authorities, and prospects for the Russian economy. Furthermore, Western investors in the petroleum sector have some experience in dealing with the Russian government and existing frameworks for investment, particularly the joint venture (JV) deals with Russian entities and the often changing regulatory and tax treatment of these ventures. It is the view of the authors that attitudes among some Western companies in Russia on the political and economic environment may be too pessimistic and shaped more by press reports than actual conditions. News reports on violence, political instability, and a disastrous economy are not entirely borne out by the facts. Russian, of course, faces serious political and economic problems which must be carefully evaluated, but the overall outlook is much more complex, and some positive developments are underway. This paper reviews the economic, oil production and industry outlook as a result of the PSA law

Estimation of the oil and gas sector participation of tax revenues in Brazil: 1996-2005; Estimativa da participacao do setor de petroleo e gas na arrecadacao tributaria brasileira: 1996-2005

Energy Technology Data Exchange (ETDEWEB)

Canelas, Andre [Agencia Nacional do Petroleo, Gas Natural e Biocombustiveis (ANP), Rio de Janeiro, RJ (Brazil)], e-mail: acanelas@anp.gov.br

2008-07-01

The aim of this paper is to estimate the contribution of the oil and gas sector to the total amount of tax revenues in Brazil. Such an estimate is relevant due to the continuous increase of the economic importance of this sector in Brazil, which has been observed in the most recent years. (author)

Oil dependence. Myths and realities of a strategic stake

International Nuclear Information System (INIS)

Chaliand, G.; Jafalian, A.

2005-04-01

Using a series of regional studies, this collective book proposes to evaluate the strategic dimensions of the oil dependence and to determine its geopolitical impacts in the Middle East, Russia, China, USA and Europe. Content: the oil stakes at the beginning of the 21. century; in the center of the oil scene: the Middle East; oil dependence and US foreign policy: beyond myths; the Russian oil, instrument of influence and of alliances re-knitting; China and oil: security feelings and strategic approach; towards a European supply strategy; beyond petroleum: what alternatives; 150 years of petroleum history; the energy dependence; energy economy; automotive fuels and pollution abatement; limitation of greenhouse gas emissions; glossary; bibliography; index; Web links. (J.S.)

Making offshore industries greener: negotiating environmental policy in the Dutch oil and gas sector

International Nuclear Information System (INIS)

Hinssen, J.

1994-01-01

In this paper the negotiations between the Dutch Government and the oil and gas sector regarding environmental measures for the offshore industry are analysed. Dutch environmental policy is presently being developed via 'Target Group Management'. The instrument used in this approach is policy negotiations, resulting in covenants. By signing a covenant, both government and industry take responsibility for the development and implementation of a realistic environmental policy. Negotiating environmental policies, however, can be problematic. This relates to the delay in obtaining an integrated approach to environmental problems. It is not unlikely that, in the four years required for the negotiation process, a legally binding environmental law might also have been developed. It is concluded that the value of the covenant mainly depends on the goodwill of the parties involved. (Author)

Peru steps up push to attract oil investment

International Nuclear Information System (INIS)

Anon.

1991-01-01

This paper reports that Peru's government is stepping up efforts to attract more foreign investment in its oil and gas sector. Since taking over in July 1990, the government of President Alberto Fujimori has taken a number of steps to privatize the oil sector, improve the fiscal regime for oil investment, and streamline regulations on oil and gas investment. In the most dramatic step, the Fujimori administration ended state oil company Petroleos del Peru's monopoly on downstream operations as well as imports and exports of oil and gas as part of sweeping new oil and gas legislation. In addition, officials of the Fujimori administration have been traveling to key oil centers around the world with a presentation on Peru's hydrocarbon potential, trying to spark interest in E and D investment there

STATE AND PROSPECTS OF RUSSIAN-VIETNAMESE COOPERATION IN NUCLEAR ENERGY

Directory of Open Access Journals (Sweden)

Gordeev-Burgvits Mikhail Alekseevich

2014-12-01

Full Text Available In 2010 the Vietnam government arrived at a decision to build the first nuclear power plant in the country Ninh Thuan 1 according to Russian project and with the help of Russian specialists. The construction of NPP in Vietnam will essentially relieve the deficit in energy production. The political leaders of Vietnam reckon upon the further growth of the economy. Energy of Vietnam is now generally held on big HPPs and TPPs. Small hydropower and such renewable energy sources as sun and wind play an important role in energy production. Because of the small amount of falls in the recent years in spite of monsoon climate, HPPs in Vietnam produce energy using not their full capacity. In TPP coal, diesel oil and gas is used as energy resources. The share of coal is still quite big (around 18 % and coal TPPs have a serious negative impact on the environment. That’s why the specialists count on the development of nuclear energy. The paper presents the plans for the construction of a nuclear power plant "Ninh Thuan" in Vietnam, the alleged NPP project, its advantage over other projects, prerequisites and prospects for cooperation between the Russian and Vietnamese governments in this field.

China on the move: Oil price explosion?

International Nuclear Information System (INIS)

Skeer, Jeffrey; Wang Yanjia

2007-01-01

Rapid expansion of highway and jet traffic in China has created a surge of demand for oil products, putting pressure on world energy markets and petroleum product prices. This paper examines trends in freight and passenger traffic to assess how growth in China's transport demand relates to growth in China's economy, as well as the energy intensity of transport. Based on assumptions about demand elasticity and energy intensity, a range of scenarios is developed for China's oil demand through 2020. Incremental oil demand from China's transport sector is then compared with world oil demand projections to assess the likely impact on world oil prices. The finding is that new demand from China's transport sector would likely raise world oil prices in 2020 by 1-3% in reference scenarios or by 3-10% if oil supply investment is constrained

The new oil politics

International Nuclear Information System (INIS)

Rodado Noriega, Carlos

1999-01-01

With a varied menu of adjustments, Colombia looks for to improve the range of international competitiveness and to attract the elusive private investment of risk for the future development of the oil sector. Colombia has just given to its oil sector the biggest rolling in the last decades. A series of measures of diverse class looks for to assign to the country a bigger range of competitiveness international and better exploration indicators that it assures in the time the auto supply of hydrocarbons and the export of surpluses

North or East. Germany's crude oil and natural gas supply from Norway and Russia

International Nuclear Information System (INIS)

Spies, M.

2004-01-01

This work examines the crude oil and natural gas trade from Norway and Russia to Germany. There is a considerable need for energy import in Germany because only a small part of the national consumption can be met with domestic productions. This applies especially to crude oil and natural gas. Norway and Russia are among the leading crude oil and natural gas producers and exporters in the world. The geographical vicinity of these significant demand and supply potentials leads to extensive energy based relations between Germany and Norway respectively Russia. The focus of this work is on the perception of and attitudes towards Norway and Russia as crude oil and natural gas suppliers for the domestic markets in Germany. Reporting from two leading German newspapers, Frankfurter Allgemeine Zeitung and Sueddeutsche Zeitung, are regarded to be a valid source for detecting these attitudes and perceptions. Relevant articles are analysed with content analysis and further multi- methodological approaches. For this reasons the work provides at the beginning full description of the Norwegian and Russian crude oil and natural gas sector as well as detailed information on the German energy markets and policy. It can be shown that differences in dealing with Norway and Russia in the articles exit. Accordingly, different perceptions and attitudes are detectable as well. This work shows where these differences can be found and examines their quality. It is argued that the reporting and the attitudes are not only based on economical facts but also on 'imagined space'. The need for impartial relations with both supplying countries is stressed. (orig.)

Cross-correlations between crude oil and exchange markets for selected oil rich economies

Science.gov (United States)

Li, Jianfeng; Lu, Xinsheng; Zhou, Ying

2016-07-01

Using multifractal detrended cross-correlation analysis (MF-DCCA), this paper studies the cross-correlation behavior between crude oil market and five selected exchange rate markets. The dataset covers the period of January 1,1996-December 31,2014, and contains 4,633 observations for each of the series, including daily closing prices of crude oil, Australian Dollars, Canadian Dollars, Mexican Pesos, Russian Rubles, and South African Rand. Our empirical results obtained from cross-correlation statistic and cross-correlation coefficient have confirmed the existence of cross-correlations, and the MF-DCCA results have demonstrated a strong multifractality between cross-correlated crude oil market and exchange rate markets in both short term and long term. Using rolling window analysis, we have also found the persistent cross-correlations between the exchange rates and crude oil returns, and the cross-correlation scaling exponents exhibit volatility during some time periods due to its sensitivity to sudden events.

Overview of the Russian nuclear industry

International Nuclear Information System (INIS)

2008-02-01

In 2004, President Poutine decided to replace the atomic energy ministry (Minatom) by the federal atomic energy agency (Rosatom). Several projects were launched during the next two years which aimed at bringing back Russia to the fore front of the world leaders of nuclear energy use and nuclear technology export. In 2007, Rosatom agency was changed to a public holding company and a new company, named Atomenergoprom, was created which gathers all civil nuclear companies (AtomEnergoMash for the exploitation of power plants, Technabsexport (Tenex) specialized in enrichment or Atomstryexport in charge of export activities). Thus, Rosatom is at the head of all civilian and military nuclear companies, of all research centers, and of all nuclear and radiological safety facilities. In 2006, Russian nuclear power plants supplied 15.8% of the whole power consumption. Russia wishes to develop its nuclear program with the construction of new reactors in order to reach a nuclear electricity share of 25% from now to 2020. This paper presents first the 2007 institutional reform of the Russian atomic sector, and the three sectorial federal programmes: 1 - development of the nuclear energy industrial complex for the 2007-2010 era and up to 2015 (future power plants, nuclear fuel centers and reactor prototypes), 2 - nuclear safety and radioprotection for the 2008-2015 era (waste management, remedial actions, radiation protection), 3 - military program (confidential). Then, the paper presents: the international actions (export of Russian technology, cooperation agreements, non-proliferation), the situation of the existing nuclear park (reactors in operation, stopped, under construction and in project), the fuel cycle activities (production of natural uranium, enrichment, fuel fabrication, spent fuel storage, reprocessing, waste management), the nuclear R and D in Russia, and the nuclear safety authority. (J.S.)

Russian separation program

International Nuclear Information System (INIS)

Rea, J.L.

1993-01-01

A small contract signed in FY92 with the Khlopin Radium Institute marked the beginning of the Russian Separations program. Under this contract the Khlopin Radium Institute performed laboratory and dynamic hot-cell testing using cobalt dicarbollide technology on simulated radioactive wastes similar to those found at DOE sites in the United States. The current scope of investigation has been extended to identify prospective technologies for application to other United States needs. The Khlopin Radium Institute project served as a model for three other pilot scale technology development projects. The premise of the pilot scale projects is to enable Russian scientists to demonstrate their technology in the context of DOE needs, using Russian technical expertise has proven to be a cost-effective means of screening Russian technologies

Empirical data and optimal monitoring policies: the case of four Russian sea harbours

Energy Technology Data Exchange (ETDEWEB)

Deissenberg, C. [CEFI-CNRS, Les Milles (France); Gurman, V.; Shevchuk, E. [RAS, Program Systems Inst., Pereslavl-Zalessky (Russian Federation); Ryumina, E. [Russian Academy of Sciences, Moscow (Russian Federation). Inst. of Economic Market Problems; Shevlyagin, K. [State Committee of the Environment Protection of the Russian Federation, Moscow (Russian Federation). Marine Environment Dept.

2001-07-01

In this paper, we describe the present state of empirical information about oil spills and oil monitoring activities in Russian harbours. We explain how we gathered, organized, and estimated the data needed to run the monitoring efforts optimization model of Deissenberg et al. (2001). We present, analyse, and discuss the results of the optimizations carried out with this model on the basis of the empirical data. These results show, in particular, that the economic efficiency of the monitoring activities decreases rapidly as the corresponding budget increases. This suggests that, rather urgently, measures other than monitoring should be initiated to control sea harbour pollution. (Author)

All quiet on the eastern front? Disruption scenarios of Russian natural gas supply to Europe

International Nuclear Information System (INIS)

Richter, Philipp M.; Holz, Franziska

2015-01-01

The 2014 Russian–Ukrainian crisis reignited European concerns about natural gas supply security recalling the experiences of 2006 and 2009. However, the European supply situation, regulation and infrastructure have changed, with better diversified import sources, EU member states being better connected and a common regulation on the security of supply has been introduced. Nevertheless, European dependency on natural gas remained high. This paper investigates different Russian natural gas export disruptions scenarios and analyses short- and long-term reactions in Europe. We use the Global Gas Model (GGM), a large-scale mixed complementarity representation of the natural gas sector with a high level of technical granularity with respect to storage and transportation infrastructure. While we find that most of the EU member states are not severely affected by Russian disruptions, some East European countries are very vulnerable. Prioritizing the removal of infrastructure bottlenecks is critical for securing a sufficient natural gas supply to all EU member states. - Highlights: • We analyze disruption scenarios of Russian natural gas exports to Europe. • Most EU countries are only weakly affected by a complete Russian supply disruption. • We find that Eastern Europe is vulnerable to Russian supply disruptions. • We identify infrastructure bottlenecks in the European natural gas network. • We find that the large EU LNG import capacity is not sufficiently connected

Oil and gas activities in northern Norway. Summary; KonKraft rapport 6

Energy Technology Data Exchange (ETDEWEB)

2009-07-01

KonKraft report 6 deals with oil and gas operations on the Norwegian continental shelf (NCS) from Nordland county and northwards. It aims to contribute to a broad factual base for decision processes related to opening new exploration areas in these waters. The Norwegian petroleum sector employs about 250 000 people directly and indirectly. It accounts for a third of government revenues, and 90 per cent of its profits accrue to the state. NOK 119 billion of the central government budget in 2009 comes directly from oil and gas revenues. These funds finance roads, nursery schools, hospitals and the Norwegian welfare state. In addition, they safeguard future pensions. This industry is at a crossroads today. Oil production has dropped by 30 per cent since 2000. Recent forecasts from the Norwegian Petroleum Directorate show that it may be reduced by 50 per cent from its peak by 2013. Overall oil and gas output is expected to begin falling from the middle of the next decade. To slow this decline in output and revenues, the oil companies need access to new and attractive exploration acreage. Half the production expected by the government in 2030 relates to resources which have yet to be proven. Opening further areas of the NCS to petroleum activities would contribute to maintaining substantial investment and revenues for the community, and to continuing the development of industry in the northernmost parts of the country. The report reviews unopened areas along the Norwegian coast from the Helgeland region and north-eastwards to the Russian border. Nordland VI and VII plus Troms II are regarded by the petroleum industry as the most promising regions for big discoveries which could slow the production decline. The KonKraft 2 report concerning production development on the NCS estimates remaining resources in these three areas at 3.4 billion barrels of oil equivalent (boe). (Author)

Learning Russia's ropes : 2 international negotiating pros share lessons they learned while doing business in post-Soviet Russia

Energy Technology Data Exchange (ETDEWEB)

Lorenz, A.W.

2007-11-15

This article addressed the issue of oil field services negotiators who travel to Russia to establish joint ventures in post-Perestroika Russia. Canadian Fracmaster Ltd. was the first Canadian company to sign a contract with Russia's ministry of oil. The contract was based on a guarantee that the Canadian company would finance the project and ensure that Fracmaster's 2000 horsepower pumpers would boost Russian production. Increases in production were divided equally between Russians and Canadians. At their first well, the pumpers increased production levels from 70 to 350 barrels per day. The 51 per cent Russian, 49 per cent Canadian-owned joint venture became a model for future business negotiations with other companies. Not wanting to rely on the unstable ruble, Gulf Canada negotiated payment-in-kind in return for the significant investments in the Russian oil and gas sector. Negotiations were often complicated by the fact that Russian government officials were arguing over who would be in charge of new initiatives, and new Russian republics were determined to gain control over their resources from the central government. Business people negotiating with westerners were often threatened by the Russian mafia or put under surveillance by the KGB. It was concluded that companies and individuals who were involved in Russia's new economy have gone on to make lucrative contracts in other developing countries. 4 figs.

Soviet/Russian-American space cooperation

Science.gov (United States)

Karash, Yuri Y.

This dissertation seeks to answer two questions: (1) what are the necessary conditions for the emergence of meaningful space cooperation between Russia and the United States, and (2) might this cooperation continue developing on its own merit, contributing to the further rapprochement between the two countries, even if the conditions that originated the cooperation were to change? The study examines the entire space era up to this point, 1957 to 1997, from the first satellite launch through the joint U.S.-Russian work on the ISS project. It focuses on the analysis of three distinct periods of possible and real cooperation between the United States and the Soviet Union/Russia. The first possibility for a limited Soviet-American cooperation in space emerged in the late 1950s, together with the space age, and continued until the mid-1960s. The major potential joint project of this period was a human expedition to the Moon. The global competition/confrontation between the two countries prevented actual cooperation. The second period was from the late 1960s until 1985 with consideration of experimental docking missions, including the docking of a reusable U.S. shuttle to a Soviet Salyut-type station. The global U.S.-Soviet competition still continued, but the confrontation was replaced by detente for a brief period of time lasting from the end of 1960s until mid-1970s. Detente gave the first example of U.S.-Soviet cooperation in space---the Apollo-Soyuz joint space flight (ASTP) which took place in 1975. However, the lack of interest of political leaderships in continuation of broad-scale cooperation between the two countries, and the end of detente, removed ASTP-like projects out of question at least until 1985. The third period started together with Mikhail Gorbachev's Perestroika in 1985 and continues until now. It involves almost a hundred of joint space projects both at the governmental and at the private sectors levels. The mainstream of the joint activities

A very competitive oil

International Nuclear Information System (INIS)

Delamarche, Myrtille; Cahuzac, Adrien; Cognasse, Olivier; Dupin, Ludovic; Fleitour, Gaelle; James, Olivier; Stassi, Franck

2015-01-01

Drop in oil barrel prices results in 8 to 10 billions in savings for French companies, i.e. as much as the tax credit for competitiveness and employment. This article analyses how the different sectors take benefit of this saving due to lower oil prices. It outlines that this decrease has been very profitable for the refining sector which exhibited historic margins. As far as the chemistry sector is concerned, costs are reduced but profits are less important as this decrease compensates the decrease of the euro with respect to the dollar. The plastic industry does not take profit as it comes at the end of value chain where other actors already took their benefits. Therefore, there is no profit in agriculture as far as plastic products and fertilizers are concerned. On the opposite, the decrease of marine fuel has been profitable to the fishing sector as well as to the sea transport sector. As far as road transport is concerned the fuel price decrease is reflected in resale prices, and the oil price decrease had therefore no impact, or only for few days. It's not the case for air transport where companies took benefit of this decrease. In this respect, a second article outlines that airline companies have learned lessons from previous oil price counter-shock to adapt their strategies. The last article addresses the general situation of industry which exhibits a better financial health, could be boosted by a recovery of consumption. But growth is still to be confirmed by investments. A brief article notices that the profit is less important at the world level, i.e. more important in Europe than in Asia and even more than in Africa

EXPLORATION OF A RUSSIAN CONSUMER ON AN EXAMPLE OF RUSSIAN TOURISTS IN SPAIN

OpenAIRE

Glotova, Elena

2013-01-01

This thesis represents an intent to get an insight into the market with one of the biggest potential for today – the Russian market. The purpose of the research was to make a profile of the Russian consumer. The study of a Russian consumer and a Russian tourist should be able to help companies understand better the market, draw attention to the need of giving more importance to creating consumer profiles based not only on demographics but on mentality as well. The case company is a technologi...

Experience of shipping Russian-origin research reactor spent fuel to the Russian Federation

International Nuclear Information System (INIS)

2009-11-01

The primary goal of the Russian Research Reactor Fuel Return (RRRFR) programme is to advance nuclear non-proliferation objectives by eliminating stockpiles of Russian-origin highly enriched uranium (HEU). The RRRFR programme was first conceived during trilateral discussions among the USA, the Russian Federation and the IAEA, initiated in 1999, when participants identified more than 20 research reactors in 17 countries having Russian/Soviet supplied fuel. In 2000, the Director General of the IAEA sent a letter to 15 countries asking for their willingness to return HEU spent fuel to the Russian Federation. Fourteen countries responded positively to the Director General's letter. In 2004, the Russian Federation and the USA signed a Government-to-Government Agreement concerning cooperation to return the Russian produced research reactor nuclear fuel to the Russian Federation. This agreement established the legal framework necessary for the cooperation between the Russian Federation and the USA for the return of Russian supplied research reactor fuel from eligible countries. Under the Bratislava agreements concluded by Presidents George W. Bush and Vladimir Putin in February 2005, both countries committed to completing all shipments of Russian-origin HEU spent fuel currently stored outside research reactors by the end of 2010. Up to the time of writing (May 2009) the programme has completed 19 shipments totalling over 838 kg of Russian-origin HEU spent and fresh fuel which has been returned from Bulgaria, the Czech Republic, Germany, Kazakhstan, Latvia, the Libyan Arab Jamahiriya, Poland, Romania, Serbia, Uzbekistan and Vietnam. During this time, the programme successfully removed all HEU from two countries, Latvia and Bulgaria. HEU spent fuel shipments have been the most complex shipments under the RRRFR programme, which will be the focus of this publication. The first shipment of HEU spent fuel from Uzbekistan was completed in January 2006, followed by HEU spent fuel

Russian devaluation in 2014–2015: Falling into the abyss or a window of opportunity?

Directory of Open Access Journals (Sweden)

Valeriy Mironov

2015-09-01

Full Text Available Falling oil prices are leading to a reduction in domestic demand and lowering of the ruble exchange rate, thus enhancing the price competitiveness of Russian producers and stimulating the supply side of the economy (especially in foreign markets unaffected by the recession. Indeed, all of this create the possibility of offsetting the decline in domestic demand to a varying degree through increased net exports. However, the present study shows that, taking into account all of the structural problems of the Russian economy, the devaluation of the ruble may lead to a more severe recession than anticipated by most experts in their estimates, judging by average consensus forecasts (as of the end of September 2015.

Russian electricity market reform: Deregulation or re-regulation?

International Nuclear Information System (INIS)

Gore, Olga; Viljainen, Satu; Makkonen, Mari; Kuleshov, Dmitry

2012-01-01

Russia commenced liberalization of electricity prices in 2007 increasing the liberalization rate by 10–25% every six months. It was planned to reach full liberalization by 2011. Currently, the degree of liberalization is uncertain because of intense price regulation and a highly concentrated market in the hands of four large generating companies. Increased regulation and further consolidation may drive the market towards its pre-reform state. This paper analyses the competitive landscape of the Russian electricity market by assessing the ownership structure of electricity generation, price drivers, and government involvement in the electricity wholesale market in Russia. The main research question is why the targeted level of market liberalization has not been fully achieved in the Russian electricity market. - Highlights: ► Congested grid; deficit of capacity and market concentration hinder competition. ► Investment needs of the power sector led to price shocks. ► Price increase and poor competition force the government to regulate prices. ► Low liberalization rate and non-cost-reflective pricing is a result of price regulation. ► Increased regulation and consolidation drive the market toward its pre-reform state.

Company maturity models: Application to supplier development program in oil&gas sector

Directory of Open Access Journals (Sweden)

Jabier Retegi Albisua

2018-04-01

Full Text Available Purpose: In order to achieve excellence, outsourced maintenance contractors in Oil&Gas sector play a key role due to the important impact of their task on security, availability and energy consumption. This paper presents the process followed in order to implement a Supplier Development Program in a refinery using Company Maturity Model (CoMM and the results obtained in three cases validating the method to obtain a strategic improvement project medium term grid. Design/methodology/approach: The methodology followed consists of constructing a CoMM capturing the knowledge existing in the refinery and applying it with three supplier improvement teams. Findings and conclusions have arised through an observation of the three processes and extracting common conclusions. Findings: The resulting CoMM has been used for self-assessment by three suppliers and has demonstrated its potential to define a medium-term improvement project road map validated by the customer. Furthermore, during the design and application processes, the contribution of CoMMs to the SECI process of knowledge management has been observed. Practical implications: The use of CoMMs in a service contractor context can be applied in other sectors. It contributes to alignment of targets between the supplier and customer companies and to knowledge sharing inside both firms. Originality/value: Maturity models in many transversal fields (CMMI, EFQM, BPMM, PEMM, etc. have been thoroughly studied in the literature. Less effort has been made analysing the case of using maturity models constructed and implemented by a company for its specific purposes. In this paper, the process followed by a company to establish a Supplier Development Process using CoMMs is described.

New round for oil

International Nuclear Information System (INIS)

Delamarche, Myrtille

2018-01-01

After three years of crisis, oil companies are now strongly reinvesting, while oil prices are stabilizing at a reasonable long-term level, notably due to a rising demand from developing countries. Examples of new investments made by majors such as Total, Shell or Exxon but also by national companies and junior companies, are given. Oil price evolution as well as cost reductions (thanks notably to the digitalisation of the sector, leading to a decrease in exploration costs) are analyzed. The importance of the US oil production, and particularly shale oil production, is pinpointed

Quantifying China's oil import risks and the impact on the national economy

International Nuclear Information System (INIS)

Sun, Mei; Gao, Cuixia; Shen, Bo

2014-01-01

With an increase in China's oil imports, China's oil supply will also continue to be effected by the socio-economic stability of oil-exporting countries and the safety of oil transport routes. This paper introduces a systematic and quantitative method to evaluate the influence of China's oil import risks (OIR) on the national economy and industrial sectors from a perspective of apply chain process. For this analysis, China's OIR is quantified by integrating oil exporting country risk and the risks from oil transportation routes. Country risk is defined as the oil-exporting country's political risk caused by political changes or internal conflicts. Transport risk is defined as the risk of shipping routes affected by pirate attacks and geopolitics. Second, the relationship between China's OIR and oil import costs is analyzed using a multiple linear approach. Third, an input–output analysis method is used to research the effect of the cost of China's oil imports on the cost of investment within China's domestic sectors. This research finds that the corresponding impact on GDP is 3494.5 million dollars given an increasing by 10% of China's OIR. And the impact on domestic sectors differs from sector to sector. Finally, this paper puts forth recommendations to improve long-term oil supply security in China. - Highlights: • Quantifies China's OIR while taking into consideration the risks from oil-exporting countries and the risks from oil transportation routes. • Explores the relationship between China's OIR and oil import costs using a multiple linear regression approach. • Analyzes the effects of China's OIR on the investment cost of domestic sectors with an input–output analysis. • Investigates the impact of China's OIR on the domestic economy

Financing the energy sector in developing countries: context and overview

International Nuclear Information System (INIS)

Dunkerley, Joy.

1995-01-01

Traditional 'business as usual' financing methods will no longer be adequate to meet the unprecedented demands for capital to finance energy sector expansion in the developing countries. In recognition, many countries are opening up their power sectors to private investment, initially through the establishment of independent power projects, but in some cases through sector privatization. Project financing has many advantages, but further sectoral reorganization, including tariff reform, will be needed to attract resources on the scale required, especially from domestic investors. In oil and gas, in contrast to power, private capital from the international oil companies has always played a major role in the developing countries. However, sharply increasing investment requirements require a growing role for external finance. There should, in principle, be no shortage of investible funds to finance energy sector expansion in developing countries so long as host countries establish conditions which are attractive to private investors. The augmented role of private finance requires a continuing, if different, role for the public sector in both host countries and official aid agencies. (author)

The oil market

International Nuclear Information System (INIS)

Amic, E.; Lautard, P.

1999-01-01

This chapter examines the structure of the oil industry and the impacts of the oil markets on the hedging strategies of the energy consumers, the oil company, and the energy derivatives' provider. An introduction to market perspectives is presented, and the hedging operations in the jet fuel market in the airline sector are discussed. Trading and risk management within an oil company, the derivatives provider, trading derivatives in a multi-dimensional world, locational risks, and the modelling of term structure and the role of storage are considered. Industrial spreads and the role of refining, future market developments and market strategies for crude oil and oil products, and marketing packages and market risk are addressed

Oil. The revenge of shales

International Nuclear Information System (INIS)

Dupin, Ludovic

2017-01-01

This article comments the evolutions noticed during these past years as the USA started to exploit non conventional hydrocarbons (shale gas and oil), and thus reduced their supplies from the Middle East. In reaction, OPEC members provoked a massive oil price decrease. If shale oil exploitation in the USA has slowed down for a while, it starts again: the number of platforms and production are increasing. Moreover, the profitability threshold is strongly decreasing. Argentina and China are also developing this sector, and Great-Britain and South-Africa are about to start projects. The article outlines that, even though France decided not to exploit shale gas and oil, French industries are present on this market and technology. In an interview, a representative of the French sector of non conventional hydrocarbons comments these evolutions as well as the French decision and its possible evolutions

Exploratory Study Investigating the Opinions of Russian-Speaking Parents on Maintaining their Children's Use of the Russian Language

Directory of Open Access Journals (Sweden)

Sue Kraftsoff

2009-01-01

Full Text Available This study explored why and how Russian speaking parents in an Irish context maintained the Russian language in their school-age children. Using a self-administered unstandardised questionnaire, the opinions of 16 Russian-speaking parents, reporting on 24 children, were surveyed. Of this sample, five parents were then interviewed using focus group methodology. The main findings revealed that Russian-speaking parents living in Ireland strongly supported Russian language maintenance in their families and wanted their children to be as fluent as possible in the Russian language. The reasons for the support of Russian language were: cultural preservation, general knowledge of languages in addition to English, and communication with the homeland. Methods employed to maintain the Russian language included conversing with children through Russian, reading and watching Russian TV/DVD. Although most parents spoke only Russian to their children, just three children were considered by their parents to have sufficient language skills to interact through Russian in Russian speaking countries. Interestingly, 15 children were thought to have adequate skills in Russian to speak with those outside their immediate family when in Ireland. Congruent with other studies of bilingualism, development of English, or the secondary, majority language, was also important to parents, as they lived in a dominant English-speaking society.

Forecasting ability of the investor sentiment endurance index: The case of oil service stock returns and crude oil prices

International Nuclear Information System (INIS)

He, Ling T.; Casey, K.M.

2015-01-01

Using a binomial probability distribution model this paper creates an endurance index of oil service investor sentiment. The index reflects the probability of the high or low stock price being the close price for the PHLX Oil Service Sector Index. Results of this study reveal the substantial forecasting ability of the sentiment endurance index. Monthly and quarterly rolling forecasts of returns of oil service stocks have an overall accuracy as high as 52% to 57%. In addition, the index shows decent forecasting ability on changes in crude oil prices, especially, WTI prices. The accuracy of 6-quarter rolling forecasts is 55%. The sentiment endurance index, along with the procedure of true forecasting and accuracy ratio, applied in this study provides investors and analysts of oil service sector stocks and crude oil prices as well as energy policy-makers with effective analytical tools

Oil and gas in Central and Eastern Europe

International Nuclear Information System (INIS)

Doeh, D.

1994-01-01

A lawyer's view of oil and gas activity in Central and Eastern Europe is presented. General observations include: the regional interdependence which stems from the persistence of the influence of Russian price subsidies and the transport infrastructure; the difference between the region's organization of the oil and gas industry from that of the West; political and historical dimensions; the difficulties of coming to terms with both the cultural elements of the law and the flood of new legislation; the search of the oil companies for a stable legal environment; and taxation. Brief country reports follow this overview. (UK)

Rosneftegazstroy - Russia's premier oil and gas contractor

International Nuclear Information System (INIS)

Anon.

1996-01-01

This special Petroleum Economist Sponsored Supplement looks at the present condition and future prospects of the Russian oil and gas industry. Russia's chief oil and gas contractor, Rosneftegazstroy, a joint stock company formed in 1991, took over from the former Soviet Union's Ministry of Oil and Gas Construction and from Neftegazstroy, the State concern. Responsible for the exploration and exploitation of the country's huge oil and gas reserves, Rosneftegazstroy has a mammoth task ahead to modernize and create an adequate infrastructure for its new commercial basis. Its foreign investment projects are described and plans for rebuilding and new developments are discussed. Russia's fuel and energy industries now show clear signs of increasing activity, amid a backdrop of falling production overall. (UK)

The Russian petroleum industry. Status and prospectsc; Die Erdoelwirtschaft Russlands. Gegenwaertiger Zustand und Zukunftsaussichten

Energy Technology Data Exchange (ETDEWEB)

Ziener, G.

2001-07-01

There is no doubt about the importance of the oil industry for the Russian economy. However, taking into account the resource potential, its performance seems to be too weak. After a dramatic decline of oil output during the first five years of transition, production has stagnated since the mid-1990's on a non-optimal level of about 300 million tons per year. The main reason for this development is the absence of upstream investments due to an instable institutional environment. Therefore the paper attempts to find out legal and tax approaches being able to make Russian oil projects more attractive for the capital of mainly foreign oil companies. However, current development indicates that it is impossible to predict, if a legal basis for creating such incentive-rich petroleum fiscal systems will be implemented under the present conditions in Russia. (orig.) [German] Die immense Bedeutung der Erdoelindustrie fuer die russische Volkswirtschaft ist unbestritten. Gemessen am vorhandenen Ressourcenpotenzial ist deren Produktionsleistung jedoch als zu gering einzuschaetzen. Nach einem dramatischen Rueckgang in den ersten fuenf Jahren der Systemtransformation stagniert die Erdoelfoerderung seit Mitte der 1990er Jahre auf einem suboptimalen Niveau von etwa 300 Millionen Jahrestonnen. Ursaechlich fuer diese Entwicklung ist im wesentlichen das Ausbleiben von Investitionen in Explorations- und Produktionsprojekte aufgrund des nach wie vor unsicheren institutionellen Umfelds. Ziel dieses Aufsatzes ist es daher, auf steuerlich-rechtliche Ansaetze zu verweisen, mit denen man in der Lage ist, russische Erdoelprojekte auch fuer das Investitionskapital auslaendischer Oelgesellschaften attraktiver zu machen. Gegenwaertig ist jedoch nicht abzusehen, ob unter den derzeit in Russland herrschenden Bedingungen die rechtlichen Grundlagen fuer anreizkompatible Petroleum Fiscal Systems geschaffen werden koennen. (orig.)

Natural gas in the transportation sector

Energy Technology Data Exchange (ETDEWEB)

Ask, T Oe; Einang, P M; Stenersen, D [MARINTEK (Norway)

1996-12-01

The transportation sector is responsible for more than 50% of all oil products consumed, and it is the fastest growing oil demand sector and the fastest growing source of emissions. During the last 10 years there have been a considerable and growing effort in developing internal combustion gas engines. This effort has resulted in gas engines with efficiencies comparable to the diesel engines and with emissions considerably lower than engines burning conventional fuels. This development offers us opportunities to use natural gas very efficiently also in the transportation sector, resulting in reduced emissions. However, to utilize all the built in abilities natural gas has as engine fuel, the natural gas composition must be kept within relatively narrow limits. This is the case with both diesel and gasoline today. A further development require therefore specified natural gas compositions, and the direct use of pipeline natural gas as today would only in limited areas be acceptable. An interesting possibility for producing a specified natural gas composition is by LNG (Liquid Natural Gas) production. (EG)

Analysis of the sector petroleum refineries in energy scenarios for The Netherlands. Analyse van de sector raffinaderijen voor de Nationale Energie Verkenningen

Energy Technology Data Exchange (ETDEWEB)

Van Oostvoorn, F

1926-07-01

The calculations with regard to the oil sector in general and the petroleum refineries in particular of the energy scenarios for The Netherlands are described. Calculations have been made with the help of the energy models SELPE and SERUM, developed for the total energy scene of The Netherlands and the petroleum refineries respectively. The results of the calculations with respect to the petroleum refineries are compared. This resulted in adjustment of the parameters for the oil sector in the SELPE energy model and the consequences of these adjustments for the energy scenarios for The Netherlands. 3 figs., 15 tabs., 10 refs.

Lucky LUKoil

International Nuclear Information System (INIS)

Ross, P.

1995-01-01

The potential of LUKoil, Russia's leading integrated oil company, to attract international investment is assessed. Despite the political uncertainties and risks, there are at present obvious commercial incentives to invest in the Russian oil industry as comparisons with western companies show. LUKoil is currently selling for 22 cents a barrel and is the only Russian company with upstream and downstream sectors. LUKoil's market capitalisation per barrel of production is more than four times less than Texaco's despite the fact that both companies have similar output levels. Moreover, Russia's oil reserves are enormous and estimated as 4.9% of the world total at the beginning of 1995. Of the total of 49bn barrels in reserve, LUKoil holds 13.7 bn barrels, the largest share. By comparison, BP has reserves of 6.5 bn barrels of oil and 8.3 bn barrels of gas oil equivalent. (UK)

The Success of Economic Policies in Russia: Dependence on Crude Oil vs. Export Diversification

Directory of Open Access Journals (Sweden)

Elena Kuzmenko

2017-01-01

Full Text Available In the light of numerous debates around Russia’s dependence on crude oil and the necessity to diversify the Russian economy, the present paper investigates how closely federal budget revenues, structure of export basket and GDP growth in Russia are tied up with crude oil prices (POIL on the one hand and the real effective exchange rate of ruble (REER on the other. The study covers the period from 2000:Q1 till 2014:Q4 and employs index analysis along with vector error correction model (VECM based on Johansen co‑integration technique. The calculated REER revealed its significant appreciation, that together with a high share of mineral products in total Russian exports points to Dutch disease presence. The constructed econometric models revealed the existence of long‑run relationships among the analyzed indicators. Post‑estimation tests proved the validity of the VECMs. According to the obtained results, in order to stimulate “non‑oil” exports monetary authorities should depreciate national currency, whilst fiscal burden should be mild towards “non oil” producers. However, the observed dynamics of macroeconomic indicators points to the fact that the Russian economy is still substantially influenced by POIL and this influence is much more stronger than it is exerted by fiscal and monetary regulators. It allows us to conclude that crude oil will continue to play, at least in foreseeable future, a dominant role in further development of the Russian economy.

Climate-wise choices in a world of oil abundance

Science.gov (United States)

Brandt, Adam R.; Masnadi, Mohammad S.; Englander, Jacob G.; Koomey, Jonathan; Gordon, Deborah

2018-04-01

Constrained oil supply has given way to abundance at a time when strong action on climate change is wavering. Recent innovation has pushed US oil production to all-time heights and driven oil prices lower. At the same time, attention to climate policy is wavering due to geopolitical upheaval. Nevertheless, climate-wise choices in the oil sector remain a priority, given oil’s large role in modern economies. Here we use a set of open-source models along with a detailed dataset comprising 75 global crude oils (~25% of global production) to estimate the effects of carbon intensity and oil demand on decadal scale oil-sector emissions. We find that oil resources are abundant relative to all projections of 21st century demand, due to large light-tight oil (LTO) and heavy oil/bitumen (HOB) resources. We then investigate the ‘barrel forward’ emissions from producing, refining, and consuming all products from a barrel of crude. These oil resources have diverse life-cycle-greenhouse gas (LC-GHG) emissions impacts, and median per-barrel emissions for unconventional resources vary significantly. Median HOB life cycle emissions are 1.5 times those of median LTO emissions, exceeding them by 200 kgCO2eq./bbl. We show that reducing oil LC-GHGs is a mitigation opportunity worth 10–50 gigatonnes CO2 eq. cumulatively by 2050. We discuss means to reduce oil sector LC-GHGs. Results point to the need for policymakers to address both oil supply and oil demand when considering options to reduce LC-GHGs.

Russian translations for Cochrane.

Science.gov (United States)

Yudina, E V; Ziganshina, L E

2015-01-01

Cochrane collaboration has made a huge contribution to the development of evidence-based medicine; Cochrane work is the international gold standard of independent, credible and reliable high-quality information in medicine. Over the past 20 years the Cochrane Collaboration helped transforming decision-making in health and reforming it significantly, saving lives and contributing to longevity [1]. Until recently, Cochrane evidence were available only in English, which represents a significant barrier to their wider use in non-English speaking countries. To provide access to evidence, obtained from Cochrane Reviews, for health professionals and general public (from non-English-speaking countries), bypassing language barriers, Cochrane collaboration in 2014 initiated an international project of translating Plain language summaries of Cochrane Reviews into other languages [2, 3]. Russian translations of Plain language summaries were started in May 2014 by the team from Kazan Federal University (Department of Basic and Clinical Pharmacology; 2014-2015 as an Affiliated Centre in Tatarstan of the Nordic Cochrane Centre, since August 2015 as Cochrane Russia, a Russian branch of Cochrane Nordic, Head - Liliya Eugenevna Ziganshina) on a voluntary basis. To assess the quality of Russian translations of Cochrane Plain Language Summaries (PLS) and their potential impact on the Russian speaking community through user feedback with the overarching aim of furthering the translations project. We conducted the continuous online survey via Google Docs. We invited respondents through the electronic Russian language discussion forum on Essential Medicines (E-lek), links to survey on the Russian Cochrane.org website, invitations to Cochrane contributors registered in Archie from potential Russian-speaking countries. We set up the survey in Russian and English. The respondents were asked to respond to the questionnaire regarding the relevance and potential impact of the Cochrane Russian

The Russian Orthodox and Islamic Languages in the Russian Federation

NARCIS (Netherlands)

Bustanov, A.K.; Kemper, M.

2013-01-01

What happens to the Russian language if it is used by Muslims? Bustanov and Kemper (2012) analyzed the use of Islamic terminology in a variety of texts by contemporary Muslim authors from several regions of the Russian Federation. This led them to the hypothesis that one can speak of a new

Sectoral energy demand studies: Application of the end-use approach to Asian countries

International Nuclear Information System (INIS)

1991-01-01

Events since August 1990 have shown that the world is still dependent on oil despite efforts to decrease that dependency since the oil crisis of 1973 and 1979. Thirteen countries participated in the REDP (UNDP-funded Regional Energy Development Programme) energy planning activities called ''Sectoral energy demand studies'' in which country teams benefited from training in energy data analysis, sectoral accounting of energy demand, and forecasting with the use of MEDEE-S model. This publication documents the training materials on sectoral energy demand series. It includes eight chapters which were indexed separately. Refs, figs, tabs

The Future of Russia and the Russian Navy. Report of Discussions in Moscow November 2-6, 2003

Science.gov (United States)

2004-01-01

grave existence of their workers. It is also reported that for oil especially, the companies are simply 4. IKEA has found that the average Russian...shopper spends as much as the average Swedish shopper— IKEA is only in Moscow now, but is planning to expand around the country. 5. Erin A. Arvedlund

Russian Language Course

CERN Multimedia

2009-01-01

The Russian Cultural Circle is organising a new course of "Russian for Beginners", and is continuing a course for Advanced Students (3rd year). Interested persons are invited to contact: Mrs M. Mikhailova e-mail : mailto:mmmacha@hotmail.com Tel. 022 788 27 53

Russian-Saudian Political Interaction

Directory of Open Access Journals (Sweden)

G. G. Kosach

2017-01-01

Full Text Available The article analyzes the development of Russian-Saudi political interaction after the restoration (at that time of Soviet-Saudi relations of bilateral relations in September 1990. The article focuses on the role of the Russian Muslim community in shaping the Russian politics towards Riyadh in the 1990-2000s. The authors state there are both periods of “crises” and detente in the development of Russian-Saudi political interaction that were marked by events in Chechnya and former Yugoslavia in 1994-2000, “Arab Spring” 2011, the post-September 2015 era, the Russian anti-terrorist campaign in Syria. The alternation of these periods is the constant of Russian-Saudi political contacts, despite the similarity in the approaches of both sides to the ways and methods of solving crisis situations in the Middle East region, as well as the Saudi’s pro-Russian position regarding the change in the status of the Crimea and the situation in the east of Ukraine. The general attitude of both sides towards ISIS and Jabha al-Nusra as a source of terrorism, regional instability and the challenge of international security does not remove the two main contradictions that divide Moscow and Riyadh – attitude toward the official Syrian regime and the Iran’s regional policy. The study comes to the conclusion that Russia and Saudi Arabia are interested (albeit for various reasons in diversifying their foreign policy and foreign economic relations.

Russian Model Of The Administrative Justice

Directory of Open Access Journals (Sweden)

Natalja I. Jaroshenko

2014-12-01

Full Text Available On December 25, 2014 it would be twenty-one year since the Constitution of the Russian Federation was adopted on the national referendum on December 12, 1993. During this time, almost all constitutional provisions are implemented. The key point of course was the judicial reform in Russia, launched simultaneously with the adoption of Constitution of the Russian Federation. Adopted the new Civil Procedural Code, Criminal Procedural Code, Arbitration Procedural Code of the Russian Federation, Federal Constitutional Law "On the Constitutional Court of the Russian Federation", Federal Constitutional Law "On the courts of general jurisdiction in Russia", Federal Constitutional Law "On the Supreme Court of the Russian Federation". However, during twenty-one year of Russian Constitution work, the question on establishment of administrative courts in our country has not been resolved. Merger of the Supreme Court and the Supreme Arbitration Court of the Russian Federation, which happened in the year 2014, also shown the need to resolve the status of administrative courts in Russia. Previously submitted to the State Duma of the Federal Assembly of the Russian Federation the draft of the Federal Constitutional Law "On the Federal Administrative Courts in the Russian Federation" and is on the revision, which does not correspond to changes in the judicial system of the Russian Federation. Despite the failure of the Federal Constitutional Law "On the Federal Administrative Courts in the Russian Federation", in the opinion of the author, and it should be called that way, it Russia has already developed an own model of the Russian administrative justice, which is very specific.

Can Venezuela's oil sector endure Chavez' ambitions any longer?

International Nuclear Information System (INIS)

Honkoop, J.

2009-07-01

The author describes the decline of Venezuela's oil industry as well as President Chavez' reaction to Venezuela's budgetary crisis. Politicization, falling investment and the obligation to take upon itself a plethora of social spending have left national oil company Petroleos de Venezuela, S.A. unable to produce efficiently and maintain production levels. Falling oil production and lower oil prices have in turn left president Hugo Chavez unable to spread the wealth to Venezuela's poor and he is searching desperately for ways to extract yet more from Venezuela's dysfunctional economy. As funds run out, Venezuela's expensive foreign policy, supporting regional allies, in particular Cuba, and seeking to export anywhere but the United States, proves overly expensive. Venezuela's impoverished masses, still supportive of Chavez during February's elections, may become less so as funds for social programmes run out. For Chavez it is a time for making choices... otherwise the people of Venezuela will choose for him. [nl

Middle-Skilled Workforce Needs in a Changing Oil and Gas Industry: the Role of Flexibility. As the Oil Industry continues to shed jobs due to the global downturn in oil prices, one of the most vulnerable sectors to job loss are the middle-skilled workers such as the technicians and drill operators. We present options and ideas to mitigate the problem.

Science.gov (United States)

Waddell, K.

2015-12-01

Middle-skilled workers are those whose jobs require considerable skill but not an advanced degree. Nationwide, one-third of the projected job growth for 2010-2020 will require middle-skilled workers. The educational paths to these jobs include career and technical education (CTE), certificates and associate's degrees from community colleges, apprenticeship programs, and training provided by employers. In the oil industry, the demand is expected to about 150,000 jobs. In environmental restoration and monitoring, there will be a need for at least 15,000 middle-skilled workers. Examples of the types of jobs include geological and petroleum technicians, derrick and drill operators, and pump system and refinery operators for the oil and gas sector. For the environmental restoration and monitoring sector, the types of jobs include environmental science technicians, and forest (and coastal) conservation technicians and workers. However, all of these numbers will be influenced by the growth and contraction of the regional or national economy that is not uncommon in the private sector. Over the past year, for example, the oil and gas industry has shed approximately 75,000 jobs (out of a workforce of 600,000) here in the United States, due almost exclusively to the drop of oil prices globally. A disproportionate number of the lost jobs were among the middle-skilled workforce. Meanwhile, the recent settlements stemming from the Deepwater Horizon oil spill are expected to create a surge of environmental restoration activity in the Gulf of Mexico region that has the potential to create thousands of new jobs over the next decade and beyond. Consequently, there is a need to develop education, training and apprenticeship programs that will help develop flexibility and complementary skill sets among middle-skilled workers that could help reduce the impacts of economic downturns and meet the needs of newly expanding sectors such as the environmental restoration field. This

Economic Sanctions Against Russia: Short and Medium Term Consequences for the Oil and Gas Industry

Directory of Open Access Journals (Sweden)

Rustem M. Nureev

2017-09-01

Full Text Available The growth in production and exports of oil and gas from the United States and other OECD countries led to pressure on energy prices, and posed the problem of redistribution of the structure of oil and gas market shares. The aggravation of competition contributed to the selection of measures to modernize the industry in Russia as the main measures of economic sanctions, as well as restrictions on the supply of Russian oil and gas to Europe, which jeopardized the implementation of the South Stream and North Stream-2 projects. The oil and gas industry continues to play a significant role in the formation of the revenue base of the federal budget of the Russian Federation. As a result of the imposition of sanctions, the export of Western equipment to Russia was banned, it could be a serious blow to the industry, which potential could be fully realized in the next 3–5 years. Oil and gas companies are most dependent on the pumping equipment (import share is 50%, catalysts (80% share of imports, applied software (the share of imports is more than 80%. Currently, Russian companies purchase equipment in China and South Korea, but the quality is much lower than the US, and the equipment often fails, so it is associated with the high costs of repairs. The import substitution should revive the domestic production of oil and gas equipment, but how this policy is implemented is difficult to predict, as enterprises have to overcome a significant technological gap and lag behind foreign developments. Russia managed to survive the short-term period of economic sanctions with significant, but not extremely large losses. Much more acute consequences can affect in the medium term, unless vigorous steps are taken to import substitution and modernization of oil and gas production and processing.

Russian Orthography and Learning to Read

Science.gov (United States)

Kerek, Eugenia; Niemi, Pekka

2009-01-01

The unique structure of Russian orthography may influence the organization and acquisition of reading skills in Russian. The present review examines phonemic-graphemic correspondences in Russian orthography and discusses its grain-size units and possible difficulties for beginning readers and writers. Russian orthography is governed by a…

Ethnic Russian Minority in Estonia

Directory of Open Access Journals (Sweden)

Włodarska-Frykowska Agata

2016-12-01

Full Text Available The article examines the position of Russians in Estonia and their relation with ethnic Estonians. The author analyzes models of the society integration introduced by Tallinn after 1991. The results raise questions regarding language education in Estonia, the proficiency level of Estonian is getting widely known by Russians, but on the other hand, there is still a significant part of the population that cannot communicate in Estonian. Those who have a good command of Estonian tend to be better integrated and to coexist with both Estonians and Russians. Russians living in Estonia are supposed to be equally involved in social and political life of the state. The potential of all residents has to be effectively and considerably used, especially when the number of population is decreasing. The position of Russians in Estonia is a major domestic and bilateral issue in the relations with the Russian Federation.

Russian Society in 2015: What We Learned About It from Sociological Polls

Directory of Open Access Journals (Sweden)

Valerii Valer’evich Fedorov

2016-07-01

Full Text Available Modern socio-political history of Russia can be quite clearly divided into several important periods, each of which is characterized by particular political environment and specific social consciousness. The accession of Crimea and Sevastopol to the Russian Federation in March 2014 is one of the landmark events, a milestone that marks the transition from one phase of this history to the next. This event (or rather, process that started, according to some estimates, in the autumn of 2013, or in February 2014 indicated a sharp turn in Russian foreign policy and in its relations with the West and East. The accession of Crimea has led to phenomenal growth and expansion of support for the policy pursued by Vladimir Putin and for his personality: without exaggeration, he has become not just a political leader but the leader of the nation. The trend set by the accession of Crimea was evolving in 2014–2015; a special feature of this development was that Russia obtained the positive effect almost immediately, and negative consequences followed only after a while. And the farther our life from March 2014, the more pronounced these deferred negative consequences; while the benefits gained are being partly exhausted and partly forgotten as they recede into a background. Negative consequences include the conflict with the West and the efforts of several influential countries to isolate Russia in the international arena, the war in Ukraine and the collapse of Russian-Ukrainian relations in all areas, Western sanctions against the financial and commodity sectors of Russia’s economy, the weakening of the Russian currency and growth of prices for imported goods and then – for food and non-food commodities. Thus, in the course of time, the price paid by Russian society for the accession of Crimea grew rather than fell

Russia vows to end oil export tax

International Nuclear Information System (INIS)

Beck, R.J.

1992-01-01

This paper reports that Russia will eliminate its oil export tax by 1994 and until then will allow some exemptions, Russian officials have assured a group of US tax specialists. They stopped short of saying it would be repealed by the end of the year, the Ken Crawford, a member of a Tax Foundation delegation visiting Russia and managing partner of KPMG Peat Marwick's Moscow office. The export tax was one of several tax related Russian economic issues on which the US experts and Russian officials exchanged views early this month. The 15 member delegation was in Moscow on invitation from Russia's Ministry of Finance and State Committee on Taxation to help develop guidelines for laws governing Russia's taxation of foreign investment. The US group was sponsored by the Tax Foundation, Washington, DC, a nonprofit, nonpartisan tax and fiscal policy research and public education group

Kazakhstan big oil transportation options

International Nuclear Information System (INIS)

Sakipov, K.E.; Mazhkenov, S.A.; Kunaev, M.S.

1999-01-01

$1.18 per each barrel. Japan and South East Asia are now seeking for new energy sources which are not connected to the Persian Gulf or Mediterrian. The route via Afganistan, in the developer view, is shortest way to the Asian market and cheapest as to transportation cost. This conclusion was confirmed by the World Bank Data. New pipeline will also allow transporting the Russian oil to China using in same time the Pavlodar and Shymkent oil refinery capacities. These refineries are located on the Omsk-Chardzhou pipeline route and their equipment is disigned just for Siberian oil. RAMIS Projet ensures energy and human resources. There are Zhambyl Thermal Power Plant of 2.400 MW capacity and South Kazakhstan Thermal Power Plant under construction. The latter, if transferred to the gas and fuel oil feed will be enable of producing 4.000 MW. This is extremly important for the country's South experiencing lack of power and deficit of energy resources. Construction and operation of the new oil pipeline and futher gas pipeline will assist in resolution of the unemployment issue for the Southern region of Republic having 60 % of the total Kazakhstan population. Main pipeline will provide jobs to engineeres, welders and constractors for at least 5 years. For the Russian and Kazakhstan oil and gas equipment manufactures this means a market for their products. this new pipeline operation it will annually filled with 25-30 million tonnes of the Sebirian oil to ensure its profitability during first year and viability of rhe entire project. Subsequently, when the Karachgank condensate and oil from Caspian shelf are transported at full capacity Kazakhstan will be able to become a fully-fledget international oil exporter. West Kazakhstan and Siberian oil transportation via Central Asian countries to the Indian Ocean may become practicable based on establishment of new design and construction Consortium involving Russian, Kazakh, Central Asian, Western and Chinese companies and enable

Engaging in Productive Sector Development

DEFF Research Database (Denmark)

Whitfield, Lindsay; Buur, Lars

Through a comparison of sector cases in Mozambique and Ghana, the paper analyzes why and how African states engage in developing productive sectors and with what success. It argues that successful state interventions depend on four factors: (1) sustained political support by the government...... in the four factors and thus different economic outcomes. Specifically, cocoa, export is a case of sustained political support, palm oil is a case of poorly implemented industrial policy, and horticulture export is a case of political neglect of an industry. In concluding, the paper emphasizes the political...

Engaging in productive sector development

DEFF Research Database (Denmark)

Buur, Lars; Whitfield, Lindsay

Through a comparison of sector cases in Mozambique and Ghana, the paper analyzes why and how African states engage in developing productive sectors and with what success. It argues that successful state interventions depend on four factors: (1) sustained political support by the government...... in the four factors and thus different economic outcomes. Specifically, cocoa, export is a case of sustained political support, palm oil is a case of poorly implemented industrial policy, and horticulture export is a case of political neglect of an industry. In concluding, the paper emphasizes the political...

Performance Analysis of Indonesia’s Mining Sector Price Index

Directory of Open Access Journals (Sweden)

Hastra Reza Satyatama

2017-07-01

Full Text Available Subprime mortage’s crisis in United States 2008 giving effect to the global capital markets especially the stock price index of the mining sector Indonesia. This research analyzes the effect of BI Rate, exchange rate, world gold price, crude oil price, and Dow Jones Industrial Average on the stock price index of the mining sector. This research employs time series monthly data of 2009-2016 with Error Correction Model-Engle Granger (ECM-EG as the method. The analysis showed that the BI rate, exchange rate and world gold price, has a negative and significant effect. World oil prices affect positively but not significant meanwhile the Dow Jones Industrial Average has a positive and significant impact on the stock price index of the mining sector. For investors in the mining sector, should pay attention to the exchange rate of the rupiah and Dow Jones Index significantly in the mining sector of the stock price index.DOI: 10.15408/sjie.v6i2.5395 

Modern efficient methods of steel vertical oil tanks clean-up

Directory of Open Access Journals (Sweden)

Nekrasov Vladimir

2016-01-01

Full Text Available The legislative base of the Russian Federation operating in the field of operation of tanks and tank parks is considered, and consecutive stages of technological process of cleaning of vertical steel tanks from oil ground deposits are presented. In work shortcomings of existing most widespread electromechanical mixers are described when using a hydraulic method of removal and prevention of formation of ground deposits in tanks with oil and oil products. For the purpose of increase of efficiency, reliability and decrease in power consumption of washout of oil ground deposits in tanks the new design of system of funneled washout and prevention of formation of deposits is offered.

Strategy of Chavez determines oil future of Venezuela

International Nuclear Information System (INIS)

Widdershoven, C.

2008-01-01

The perspective of the oil and gas industry remains unclear as long as the current president, Hugo Chavez, continues to implement his own political ideas. The announcement of another tax increase on high oil revenues of oil companies will significantly weaken the appeal to invest in the oil sector. [mk] [nl

THE BANKING SYSTEM OF THE RUSSIAN FEDERATION: STATUS AND PROSPECTS

Directory of Open Access Journals (Sweden)

L. N. Sotnikova

2015-01-01

Full Text Available The features and current trends in the development of the banking system of the Russian Federation are highlighted in the article. The authors propose an original method of evaluation of activities of credit organizations with the use of statistical data and rating agencies. The concept of the banking system is summarized in this article. Also its structure is analyzed by the number of credit institutions and the quality of their operations. The authors identifie differences between the concepts of banking service, banking operation and banking product and propose classification according to different characteristics of banking institutions and operations that they carry out. Then the authors go to estimating the volume of banking services in Russia and their patterns in total. Separately the main passive (deposits and loans and active operations (lending to legal entities and individuals are characterized. The authors identifie the major developments in the banking system of the Russian Federation in 2014 due to political and economic sanctions by the U.S. and Eurozone countries. The article provides a vision of the authors on the further development of the banking activity in Russia and proposes specific measures to adapt the banking system of the Russian Federation in a constantly changing political and economic conditions (financial sanctions, a change of key Central Bank rates, devaluation, etc.. According to the authors' opinion the expected prospects of development of the banking system of the Russian Federation to 2015 are: the growth in savings accounts in banks; sanctions will be of a personal nature and will not affect the largest credit institutions; the active growth of the corporate loan portfolio will continue; the growth of retail lending portfolio will continue to slow; mortgage lending will increase in the total loan portfolio of the banking sector of Russia.

Displacement of oil by gas in power production

International Nuclear Information System (INIS)

Sundram, S.; Seng, L.K.; Kow, P.T.A.

1992-01-01

After the oil crises, Malaysia unveiled its four fuel diversification policy in the late 1970s towards utilization of gas, oil, coal and hydro. This was to ensure adequate and continuous energy supply for driving economic development and to cushion itself against impact of possible future fluctuations in oil prices. The primary energy supply in 1978 was predominantly oil based, consisting of 75.5% oil. As a result of this diversification policy, the oil component was reduced to about 51.8% in 1988. Due to its inherent ability to adapt and adjust to different fuels, the power sector played a crucial role in this massive shift away from oil. For the corresponding period, the oil component in the electricity generation input mix has decreased from 86.7% oil to 47.4%. Malaysia is endowed with substantial natural gas reserves amounting to 52.5 trillion cubic feet. Gas, therefore constitutes a natural and attractive option for the power sector in diversifying into non-oil indigenous energy resources, as the country's hydro potential has its limitations and the available proven coal reserves are relatively small. The paper addresses the past and current status and issues involved in displacing oil by gas for the power sector. These include the economic, technological and pricing aspects of natural gas development and issues pertaining to power system development. Future gas utilization strategies include the conversion of existing oil-fired plants to gas-fired, and the plant-up of gas turbines and the efficient combined cycle plants to meet the load requirements. These strategies are assessed from the viability and security perspective of increased gas utilization. Oil will continue to be displaced, but the extent to which gas will increase its share in power production is dependent on numerous factors ranging from its economics to supply security

Oil price reduction impacts on the Iranian economy

Directory of Open Access Journals (Sweden)

Abdollah Mahmoodi

2017-12-01

Full Text Available economy. In order to simulate this shock, the global trade analysis project (GTAP model with its data done by using. In the new created data aggregation, oil exporting in Iran and the rest of the world countries as economic new regions, ten new economic sectors have been created, among which the oil is introduced as one sector as well as five endowments. The standard economic closure was changed, and decline in world oil price was simulated in model as a policy shock. The results show that oil export revenue and the mineral commodity export earnings will decrease, but other production sectors’ exports will increase. The trade balance of Iran will be affected negatively and strongly. Also, oil and other services production decreased. In the production sectors’ market, the demand for labor, natural resources, and investment decreased dramatically, and the demand for land increased. Using equivalent variation (EV, changes in Iran’s welfare is high negative. Finally, deflation, reduction in value and quantity of GDP and changes in consumption combination from public to private sector are the other economic impacts of reduction in oil price on Iran’s economic. It is suggested that future studies are done using dynamic models and up-to-date data. In addition, policy makers need to rebound internationally and within OPEC to raise oil prices.

Russian nuclear industry exports

International Nuclear Information System (INIS)

Gorbatchev, A.

2016-01-01

Rosatom is the world leader for the export of nuclear technologies. 34 reactors of Russian technology are being built or planned worldwide. Most reactors proposed by Rosatom are third generation VVER-1200 units with an electric power output of 1200 MWe. Although the nuclear island is always built by Rosatom, the remain of the plant can be subcontracted to other enterprises and European companies are sought because they would bring a european quality touch to Russian works. One of the main assets of Rosatom is to propose an integrated offer from supplying nuclear fuel to managing nuclear waste via the turnkey building of nuclear power plants. Another important asset is the financial assistance of the Russian state through state credit or the support from Russian national banks that appears to be a decisive advantage in the international competition to win markets. We have to temper the Russian export perspectives by noting that most projects are set in countries that are prone to instabilities and that the economic crisis affecting Russia has a negative impact on its financial means. (A.C.)

Dutch Disease in a small open economy: The case of oil in Saudi Arabia