4 Collecting the Rents: The Contest between the State and the Oil Industry on Dividing the Windfalls

2021 ◽  
pp. 93-129
Keyword(s):  
Oil Industry ◽  
The State

scholarly journals TAX POLICY OF THE STATE IN THE OIL INDUSTRY AS AN INSTRUMENT OF ENSURING FINANCIAL SAFETY OF THE RUSSIAN FEDERATION IN THE PERIOD OF AN UNSTABLE ECONOMIC AND POLITICAL COUNTRY SITUATION

2017 ◽  
Vol 13 (1-2) ◽  
pp. 97-101
Author(s):  
Elena N Gorbunova
Keyword(s):  
Russian Federation ◽  
Tax Reform ◽  
Oil Industry ◽  
The State ◽  
Oil Companies ◽  
First Results ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Oil Sector ◽  
Effective Result

Oil extraction taxation in our country was and remains a subject of special discussion. This article deals with actual problems of the taxation of the entities of an oil sector in the conditions of financial crisis, the sanctions imposed against Russia and the low prices of oil are considered. The object of research are topical issues of the taxation of the oil industry, in particular the mechanism of the taxation of the added income of the oil companies. The main options of tax mechanisms offered by the Ministry of Finance of the Russian Federation and the Ministry of Energy of the Russian Federation are considered and also opinions of heads of the largest oil companies of the Russian Federation of rather operating system of the taxation of the oil industry are analyzed. The special attention is paid to the analysis of the first results of the carried-out tax reform concerning entering of tax maneuver as one of the main mechanisms of financial safety of the state. The main conclusions of research is that receipt of effective result requires system work concerning reform of the taxation of the oil industry, a phased transition from tax maneuver to the taxation of the added income of the oil companies.

Harmonizing a Thriving World Palm Oil İndustry and Economy through Genuine Collaboration between Producers – Malaysia, Indonesia, and West Africa, and Consumers – India and China

2013 ◽  
Vol 1 (1) ◽  
pp. 11-16
Author(s):  
Osayimwense Osa ◽  
Kausar Saida
Keyword(s):  
West Africa ◽  
Palm Oil ◽  
Emerging Economies ◽  
Oil Industry ◽  
The State ◽  
High Demand ◽  
Paper Review ◽  
Oil Sector ◽  
The One ◽  
India And China

Objective This article probes the state of Africa's palm oil industry and economy today. Methodology/Technique Today, Malaysia, Indonesia, and West Africa are the world's major producers of palm oil; and India and China, the world's most densely populated countries, are the major consumers. However, why is it that West Africa that is naturally endowed with palm oil is the one that lags behind others in the global production of palm oil? Should this kind of natural endowment and the presence of the major world producers and the biggest consumers of palm oil not spell colossal success for global palm oil industry and economy? Findings Without an adequate demand for a commodity, supply will be limited, thus resulting in a downward supply curve. On the other hand, if there is a high demand for a commodity like palm oil, then it will be produced in abundance. Novelty Where and why it has fallen short, and what does need to be done via-a-vis the state of Malaysia's and Indonesia's palm oil sector and the presence of emerging economies like China and India against the backdrop of globalization. Type of Paper: Review Keywords: Palm oil; economy; consumption, globalization

Contradiction of space, centralization of capital, and the hybrid state oil company: The case of Russia

2008 ◽  
Vol 1 (2) ◽  
pp. 59-71 ◽  
Author(s):  
Mazen Labban
Keyword(s):  
Oil Industry ◽  
The State ◽  
State Control ◽  
Hybrid State ◽  
Oil Companies ◽  
National Oil Companies ◽  
Russian State ◽  
And Control ◽  
Oil Company ◽  
A New Species

A new species of capital has emerged from the development of inter-capitalist competition in the oil industry. Oil-producing states have fused with financial and productive/extractive capital, foreign and domestic, into hybrid state oil companies. These are centralized monopolies that transcend the historical geographical opposition between private transnational oil companies and national oil companies. As partially nationalized state monopolies, they allow oil-producing states access to global capital markets, while retaining the control of the state over the flow of foreign capital into the domestic oil industry. They thus mediate the contradiction between the integration of capital at the transnational level and its territorial fragmentation at the national scale, only to internalize it in the process. I examine this process in the case of the ongoing consolidation of the Russian oil industry under state control, focusing on two inter-related contradictions: an attempt by the Russian state to liberalize the oil industry, yet shield it against the expansion and control of foreign oil companies; and the dependence of the state on foreign financial capital in the very process of consolidating control over the oil industry.

The State and the Emergence of the British Oil Industry.

1981 ◽  
Vol 34 (4) ◽  
pp. 663
Author(s):  
Barry Supple ◽  
Geoffrey Jones
Keyword(s):  
Oil Industry ◽  
The State

Clusters of history: US involvement in the Palestine question

Race & Class ◽  
2007 ◽  
Vol 48 (3) ◽  
pp. 1-28 ◽  
Author(s):  
Ilan Pappe
Keyword(s):  
Nineteenth Century ◽  
Middle East ◽  
Christian Right ◽  
Oil Industry ◽  
State Department ◽  
Historical Record ◽  
The State ◽  
The Us ◽  
Middle East Policy

US involvement in Palestine, which has been long and complex, has generated a massive historical record that needs to be understood in order to locate not only some of the origins of today’s tragic situation but also to chart possible paths to change. The power of AIPAC, the pro-Israel lobby, on US Middle East policy is well known; its background and relationship to the US fundamentalist Christian Right, less so. Starting from the nineteenth century, this article traces key elements and interests involved in the making of US policy, including AIPAC, the oil industry and the ‘Arabists’ of the State Department.

New Brazil legislation may bolster Petrobras

2016 ◽  
Keyword(s):  
Oil Prices ◽  
Oil Industry ◽  
The State ◽  
Oil Price ◽  
Content Type ◽  
Operational Capability ◽  
Oil Resources ◽  
Key Factor ◽  
Car Wash ◽  
Offshore Oil

Significance A key factor in determining the prospects for Brazil's fragile economy is the state of its huge oil industry. This is dominated by Petrobras, itself beset by problems arising from the ongoing 'Car Wash' corruption scandal, low international oil prices and massive debts. New legislation liberalising access to the huge pre-salt offshore oil resources has finally been passed by both houses of Congress. Impacts Whatever legislative and executive moves are made, the international oil price will remain an exogenous variable. This will have the potential to affect oil industry developments in Brazil either negatively or positively. The 'Car Wash' scandal will continue, affecting both Petrobras's operational capability and international investor interest.

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