PROBLEMS OF FOREIGN EXPERIENCE APPLICATION IN THE RUSSIAN OIL AND GAS SECTOR STATE REGULATION

Subject. Under rapid changes in the external economic environment, new forms and methods of State regulation of oil and gas industries, especially, improving the taxation and tax regulation instruments become relevant. Objectives. The study aims to provide an original interpretation of methods of improving the tax administration of major taxpayers in the oil and gas sector applied at the present stage. Methods. I employ normative and holistic approaches to examine taxation efficiency in the oil and gas sector, general scientific and special methods of scientific cognition, i.e. retrospective, system analysis, observation, classification, instrumental methods of grouping, sampling, comparison and synthesis, as well as evolutionary and dynamic analysis. Results. I consider basic problems and solutions in the sphere of tax administration of major taxpayers of Russian oil and gas industries. The paper offers a package of measures and recommendations aimed at improving the efficiency of tax regulation, underpins the applied approach to tax administration of organizations operating in the oil and gas sector. Conclusions and Relevance. Our country needs a comprehensive program for tax administration of the entire technological cycle: from upstream operations to full-scale import substitution of consumer goods.

Download Full-text

Impact of changes in economic pressures on the activities of foreign oil and gas companies in Venezuela

RUDN Journal of Economics ◽

10.22363/2313-2329-2021-29-2-312-323 ◽

2021 ◽

Vol 29 (2) ◽

pp. 312-323

Author(s):

Elmira A. Chadaeva ◽

Elvis Ojeda Kalluni

Keyword(s):

Oil And Gas ◽

State Regulation ◽

Strategic Partnerships ◽

Oil Companies ◽

Foreign Companies ◽

Slowing Down ◽

Tax Legislation ◽

Tax Regimes ◽

Exxon Mobil ◽

Oil And Gas Sector

The article discusses several new laws in the oil and gas sector of Venezuela, which appeared at the beginning of the 21st century. It also presents the tax regimes in this area of the country and the types of tax and economic burdens that apply to these regimes; highlights the main problematic aspects of changes in tax legislation and the consequences on the activities of foreign companies and the development of the oil and gas sector of the country as a result of such changes. It is concluded that the increase in state revenues not solve the problem of attracting investments in the oil and gas sector of the country, and only scare off a large company in the future (Exxon Mobil and ConocoPhillips have left the Venezuelan market), resulting in a fall in production at the country, its government revenues, and then slowing down economic growth in the country. As an alternative approach to improving state regulation and the conduct of the oil business in the country, the options for improving this situation are presented: to increase the share of foreign companies in strategic partnerships; review the tax system for oil companies; allow some programs to be implemented directly by foreign companies; and propose new distribution and profitability schemes that will adapt to the current international hydrocarbon market.

Download Full-text

Prospects For The Application Of Digital Technologies In The Oil And Gas Industry

The American Journal of Applied Sciences ◽

10.37547/tajas/volume03issue06-04 ◽

2021 ◽

Vol 03 (06) ◽

pp. 24-27

Author(s):

Tilakov Ismoiljon Usmonovich ◽

Keyword(s):

Oil And Gas ◽

Digital Technologies ◽

Oil And Gas Industry ◽

Gas Industry ◽

Foreign Experience ◽

The Republic ◽

Oil And Gas Sector ◽

Stable Development

Advanced foreign experience shows that the development of the oil and gas sector based on digital technologies is a prerequisite for ensuring its stable development. The article substantiates the possibilities for the development of the oil and gas industry of the Republic of Uzbekistan on the basis of digital technologies.

Download Full-text

State regulation of the oil and gas complex: state, problems and prospects

10.12737/monography_5ad9e8222b1647.90157293 ◽

2018 ◽

Author(s):

Сергей Трофимов ◽

Sergey Trofimov

Keyword(s):

Sustainable Development ◽

World Economy ◽

Oil And Gas ◽

State Regulation ◽

Complex State ◽

Method Of Calculation ◽

The Public ◽

Current State ◽

Definition Of ◽

Oil And Gas Sector

The current state of the Russian oil and gas complex is analyzed, it’s place and a role in structure of national and world economy are shown. Are revealed value and features of state regulation of subsurface use of the Russian Arctic shelf which is the major strategic region and a factor of energy security of domestic economy; institutional aspects of state regulation of the Russian oil and gas sector are presented. In the monograph the methodic of creation of the forecast of price of oil with definition of the expected horizon of the price for 5 years is offered; teoretiko-methodical approaches are defined and the method of calculation of assessment of efficiency rentals as instrument of state regulation of the oil and gas complex promoting increase in efficiency of subsurface use is offered; are developed the offers and methodical recommendations about improvement of the mechanism of state regulation of an oil and gas complex aimed at his economically sustainable development. The monograph is intended for scientists, heads and the staff of the oil and gas enterprises, the public civil servants and also experts, the researching problems of state regulation of economy and sustainable development of an oil and gas complex.

Download Full-text

Strategic development of the Russian oil and gas complex: theoretical foundations, specifics and globalization aspects of state regulation

10.12737/1662056 ◽

2021 ◽

Author(s):

Sergey Trofimov

Keyword(s):

Doctoral Students ◽

Oil And Gas ◽

State Regulation ◽

Economic Policies ◽

Structural Element ◽

Strategic Development ◽

World Energy ◽

The World ◽

Oil And Gas Sector ◽

Theoretical Foundations

The monograph examines the historical and economic aspects of state regulation of the economy, and concludes that the national results of identical economic policies pursued by individual countries at different stages of development are heterogeneous. The necessity of improving the mechanism of centralized influence on economic activity in the Russian Federation by finding the optimal combination of various tools, taking into account the specifics of state regulation of the oil and gas complex as a structural element of the national economy, is proved. The article examines the world experience of oil-producing countries with a developed market structure, analyzes the cause-and-effect relationships between global processes on the world energy market and the internal economic specifics that arose during the modernization of production and the reform of the regulatory mechanism of the Russian oil and gas complex. It is recommended to everyone who is interested in the issues of state regulation of the economy and the development of the domestic oil and gas sector: state civil servants working in the fuel and energy sector, managers and employees of oil and gas enterprises, teachers, doctoral students, postgraduates and students.

Download Full-text

The Main Principles of Adminisrative Licensing in Oil and Gas Sector of Norway

MGIMO Review of International Relations ◽

10.24833/2071-8160-2015-1-40-108-114 ◽

2015 ◽

pp. 108-114

Author(s):

N. N. Shvets ◽

M. Yu. Belyakova

Keyword(s):

Continental Shelf ◽

Present Article ◽

Oil And Gas ◽

State Regulation ◽

Wide Range ◽

Different Types ◽

Administrative Licensing ◽

Oil And Gas Companies ◽

Oil And Gas Sector ◽

Norwegian Continental Shelf

The present article is dedicated to the analysis of administrative licensing procedure in Norwegian oil and gas sector. That is one of the most important mechanisms of state regulation in this area. The paper explores a wide range of reasons for choosing precisely this model of interaction between oil and gas companies and the state. The main aspects of the present administrative licensing system are highlighted in the article. Particular attention is paid to pre-qualification of oil and gas companies, participating in licensing rounds, especially to different criteria for choosing oil and gas companies that will operate on Norwegian Continental Shelf. Further conditions of their cooperation are provided. Moreover, the article refers to the role and the functions of state bodies in Norway that control and govern the licensing process - the Ministry of Petroleum and Energy and the Petroleum Directorate - and describes different types of licenses that exist in oil and gas sector of Norway. In conclusion the article shows numerous advantages of using the administrative licensing system in oil and gas sector, its impact on the economy of Norway and the possibility of its application in the oil and gas sector of Russia.

Download Full-text