scholarly journals PROSPECTS FOR USING PUBLIC-PRIVATE PARTNERSHIP IN THE ENVIRONMENTAL ACTIVITIES OF OIL AND GAS COMPANIES

2021 ◽  
pp. 44-49
Author(s):  
A.A. Utekhina ◽  
N.V. Vasilenko
Keyword(s):  
Oil And Gas ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Oil And Gas Companies ◽  
Environmental Activities

How to Overcome Stagnation and New Crisis, Providing Socio-Economic Growth

2020 ◽  
Vol 144 ◽  
pp. 34-45
Author(s):  
Abel G. Aganbegyan ◽  
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Oil And Gas ◽  
Well Being ◽  
Financial Economic ◽  
Public Private Partnership ◽  
Social Character ◽  
Private Partnership ◽  
Investment Program ◽  
Financial Plan

In April 2020, Russia entered a structural social and financial-economic crisis caused by the coronavirus pandemic and catastrophic decline of oil and gas exports. Assessing the current socio-economic situation in the country, the author concludes that, in contrast to the crisis of 2009, which was mainly financial and economic in nature, the 2020 crisis for the most part has got a social character, when indicators of the people’s well-being are declining particularly. According to the author, only return to planning would ensure implementation of an integrated financial plan, an investment program for the whole country, directive indicators of enterprises and organizations controlled by the state, as well as would impact public-private partnership.

The Success of Managing Participating Interest (PI) in Cepu Block in Increasing Regional Revenue InEast Java

2021 ◽  
Author(s):  
S.N. Priadi
Keyword(s):  
Oil And Gas ◽  
Public Private Partnership ◽  
Large Contribution ◽  
Private Partnership ◽  
Initial Capital ◽  
The Public ◽  
Local Revenue ◽  
State Revenue ◽  
Oil And Gas Producers ◽  
Oil And Gas Sector

The Cepu Block is one of the largest national oil and gas producers. State revenue from the oil and gas sector in the Cepu Block can also be used to increase revenue from oil and gas producing regions in East Java. This is based on PP. 35/2004 that regulates oil and gas contractors' obligations to offer 10% of Participating Interest (PI) to Regional-Owned Enterprises (BUMD). However, in reality, not all regions are ready to participate in PI financing due to regional financial limitations. PI of Cepu Block has been realized since 2009 where PT Petrogas Jawa Timur Utama Cendana (PJUC) became one of the four BUMD that assigned to manage the PI of 2.243% with share rights. Initially, PT Petrogas Jawa Timur Utama Cendana used the Public-Private Partnership (PPP) scheme with PT Raharja Energy Cepu (REC) as the initial capital for joining in Participating Interest (PI) of the Cepu Block. Thus, this paper will discuss PI management's success in the Cepu Block, starting from the preparation, procedures for bidding and transferring PIs to the formation of the BKS PI 10% Cepu Block. PJUC utilize part of the funds obtained from PI 10% to manage various business fields. With good management, PJUC has successfully gained USD 3.5 billion profit in 2020 and has successfully paid off its debts, and has become one of the BUMD with a large contribution of local revenue East Java Province. Having PJUC debt paid off, revenue in 2021 will reach around USD 13 billion. BUMD's exists to managing the Cepu Block oil and gas working area through the 10% of Participating Interest that provides an increase in regional revenue for East Java. It increases BUMD's knowledge in managing oil and gas blocks as a non-operator contractor. Then, Participating Interest can be creating transparency in lifting, reserves, and cost recovery. Besides, the regional-owned enterprise can also help facilitate or accelerate issuing permits needed in the regions and help implement cooperation contract activities in the areas.

scholarly journals DEVELOPMENT OF PUBLIC PRIVATE PARTNERSHIP APPROACH IN OIL AND GAS OF KAZAKHSTAN

2018 ◽  
Vol 6 (322) ◽  
pp. 260-264
Author(s):  
Kasulu Musaevna Utepkaliyeva ◽  
◽  
Rysty Kuandykovna Sabirova ◽  
Gulzada Utegenovna Kenbaeva ◽  
◽  
...  
Keyword(s):  
Oil And Gas ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Partnership Approach

How to Overcome Stagnation and New Crisis, Providing Socio-Economic Growth

2020 ◽  
Vol 144 ◽  
pp. 6-19
Author(s):  
Abel G. Aganbegyan ◽  
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Oil And Gas ◽  
Well Being ◽  
Financial Economic ◽  
Public Private Partnership ◽  
Social Character ◽  
Private Partnership ◽  
Investment Program ◽  
Financial Plan

In April 2020, Russia entered a structural social and financial-economic crisis caused by the coronavirus pandemic and catastrophic decline of oil and gas exports. Assessing the current socio-economic situation in the country, the author concludes that, in contrast to the crisis of 2009, which was mainly financial and economic in nature, the 2020 crisis for the most part has got a social character, when indicators of the people’s well-being are declining particularly. According to the author, only return to planning would ensure implementation of an integrated financial plan, an investment program for the whole country, directive indicators of enterprises and organizations controlled by the state, as well as would impact public-private partnership.

scholarly journals Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan

2020 ◽  
pp. 145-149
Author(s):  
D. N. Semkova ◽  
E. N. Babayev
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Public Private Partnership ◽  
The State ◽  
Private Partnership ◽  
Investment Projects ◽  
The Public ◽  
Role Of The State ◽  
The Republic ◽  
Oil And Gas Sector

The relevance of research on the implementation of the public-private partnership mechanism is determined by the important role of the state in investment projects of oil and gas enterprises. The article discusses the global practice and the experience of applying the mechanism of public-private partnership in the oil and gas sector of the Russian economy, identifies elements of the synergistic effect of public-private partnership, describes models of public-private partnership, presents successful examples of public-private partnership in the oil and gas sector of Russia. The key problem of the implementation of the mechanism of public-private partnership in Russia is identified, which consists in the insufficient development of medium-term and long-term financing and it is proposed to increase the level of attracted foreign capital through project financing. An assessment of the application of the mechanism of public-private partnership in the countries of the Eastern Partnership is carried out and the experience of the oil and gas sector of Azerbaijan is considered. The creation of a Public-Private Partnership Development Center in Azerbaijan is proposed to support public-private partnership policies, as well as support projects and programs of partnership between the state and business.

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