Natural Rent in the Russian Oil and Gas Sector

2010 ◽  
pp. 4-24 ◽  
Author(s):  
E. Gurvich
Keyword(s):  
Oil And Gas ◽  
Value Added ◽  
Budget Constraint ◽  
Soft Budget Constraint ◽  
Energy Subsidies ◽  
Russian Economy ◽  
Usage Patterns ◽  
The Government ◽  
First Time ◽  
Oil And Gas Sector

Detailed estimates of the hydrocarbon rent for 1999-2009 are presented. Size, sources, and usage patterns of the hidden rent (which is not included into hydrocarbons prices, but provides the source of energy subsidies) are built for the first time. This part of the natural rent is estimated to vary from 8 to 17% of GDP. The largest losses in hydrocarbon rent were related, first, with subsidizing domestic users of natural gas, and second, with diminishing value added in the refinery sector. The obsolete refinery was implicitly supported with relatively low taxation regime. This support reflects overall soft budget constraint stance pursued by the government that constitutes an important impediment to the modernization of Russian economy.

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

scholarly journals ANALISIS PERHITUNGAN DAN PEMOTONGAN PPh PASAL 21 KARYAWAN TETAP PADA PT. TELAGA BAKTI PERSADA TERNATE

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Linath Masrinah ◽  
Jantje J. Tinangon ◽  
Natalia Y. T. Gerungai
Keyword(s):  
Income Tax ◽  
Oil And Gas ◽  
Vital Role ◽  
Tax Revenue ◽  
Tax Collection ◽  
Descriptive Research ◽  
Directorate General ◽  
The Government ◽  
Permanent Employees ◽  
Oil And Gas Sector

Taxes are an important component for the government in carrying out state activities in Indonesia, since the financing of routine expenditures as well as government development is largely derived from the tax sector. as it is known that tax revenue plays a vital role since the revenue from the oil and gas sector has decreased. The government in this case the Directorate General of Tax (DJP) always wanted to perform the task in terms of collecting tax revenue so that the nation's survival is maintained. Therefore, the Directorate General of Tax (DJP) is trying to get the tax collection in Indonesia on target by always trying to improve the service by updating the rules of tax collection that meet the requirements of justice, juridical, economic, financial and simple. This study aims to analyze the calculation and withholding of Article 21 Income Tax on the salary of PT. Telaga Bakti Persada Ternate whether it is in compliance with the provisions of the Taxation Law. No. 36 of 2008 Income Tax Income. This research uses Descriptive Research Method. The results of the research can be concluded that the calculation and withholding of income tax article 21 Income Tax on permanent employees of PT. Telaga Bakti Persada Ternate has done calculations and deductions in accordance with the provisions of the current law.Keywords: calculation and deduction of income tax PPh article 21, income tax, receipt income tax PPh article 21, accounting, income tax article 21, Tax Regulation.

scholarly journals Hilirisasi Kelapa Sawit: Kinerja, Kendala, dan Prospek

2019 ◽  
Vol 36 (2) ◽  
pp. 81
Author(s):  
Delima Hasri Azahari
Keyword(s):  
Palm Oil ◽  
Oil And Gas ◽  
Value Added ◽  
Export Market ◽  
Crude Palm Oil ◽  
Land Use Conflict ◽  
Oil Performance ◽  
Cultivation Technology ◽  
The Government ◽  
Policy Priority

<p>Palm oil is one of the main commodities in Indonesia’s economy as it plays an important role in export market of the non-oil and gas sector. Palm oil industry at farm level deals with lack of replanting, low yield, low quality, and undeveloped downstream industry. Indonesia is relatively potential to develop the palm oil downstream industry given the existing market. Global palm oil demand keeps increasing despite negative campaigns against crude palm oil (CPO) and its derivative products. Land availability, labor supply and cultivation technology are supportive. This paper discusses and evaluates national palm oil performance, especially opportunities and challenges in creating value added to this industry. There are four main challenges, i.e. limited infrastructure and financing, lack of access to local authorities, land use conflict, and environment pressure. The government needs to implement policy priority on palm oil downstream industry which is more competitive, integrated, and sustainable.</p><p> </p><p>Abstrak</p><p>Komoditas kelapa sawit merupakan salah satu komoditas andalan perekonomian nasional dan sebagai penghasil devisa negara terbesar di sektor nonmigas. Permasalahan yang dihadapi industri kelapa sawit pada tingkat usaha tani adalah terbatasnya investasi untuk peremajaan, rendahnya produktivitas dan kualitas hasil, dan belum berkembungnya industri hilir secara maksimal sehingga produk-produk turunan kelapa sawit masih terbatas. Sementara itu, Indonesia masih memiliki potensi yang besar untuk meningkatkan nilai tambah melalui industri pengolahan turunan kelapa sawit jika dilihat dari sisi permintaan pasar maupun penawarannya. Dari sisi permintaan, permintaan kelapa sawit global terus meningkat walalupun dalam kondisi adanya kampanye negatif (black campaign) terhadap produk minyak sawit atau CPO (Crude Palm Oil) dan produk-produk turunannya. Dari sisi penawaran, ketersediaan lahan, tenaga kerja dan teknologi budi daya sangat menudukung. Tulisan ini membahas dan mengevaluasi kinerja industri sawit nasional, khususnya bagaimana peluang dan kendala penciptaan nilai tambah industri sawit. Tulisan ini menekankan empat kendala utama dalam pemanfaatan peluang tersebut, yaitu keterbatasan infrastruktur dan sumber pendanaan, akses otonomi daerah, konflik lahan, dan tekanan isu lingkungan. Dalam hal ini, pemerintah dituntut untuk dapat menerapkan berbagai kebijakan yang memprioritaskan pada hilirisasi kelapa sawit dengan pendekatan klaster/kawasan guna membangun struktur industri kelapa sawit yang berdaya saing, terpadu dan berkelanjutan. </p>

scholarly journals Sistem Informasi Pariwisata Berbasis Website Pada Taman Nasional Gunung Ciremai Jawa Barat

2020 ◽  
Vol 6 (1) ◽  
pp. 19-32
Author(s):  
Sagita Utarki ◽  
Eva Argarini Pratama ◽  
Corie Mei Hellyana
Keyword(s):  
Oil And Gas ◽  
Tourist Attractions ◽  
Interview Method ◽  
Tourism Sector ◽  
Technological Developments ◽  
Computer Based ◽  
The Government ◽  
Oil And Gas Sector ◽  
Collection Methods ◽  
New System

Abstract: Tourism sector in the country is one of the mainstay of foreign exchange earners for the country, especially in the non oil and gas sector, all efforts to attract tourists both archipelago and overseas continue to be done. One of the government's efforts to increase the flow of domestic and foreign tourists is to make improvements and arrangement of tourist attractions. In addition, by promoting. Therefore required a system that can facilitate the management of tourism in data processing, and facilitate members or tourists in obtaining information. Technological developments are increasing, then from the problems proposed a change in the old system into a new system with computer-based website technology. The method used in the development of this software uses Model Waterfall. Data collection methods that the authors use to collect the data needed in the writing of this research are: observation, interview method, and literature method. Through a computer connected to the internet network users can search and get various information, anywhere and anytime by accessing the website. With this system, is expected to overcome the various needs of users to obtain information and help the government to increase local revenue.Keywords: Information Systems, Tourism, Website, WaterfallAbstrak: Sektor pariwisata di tanah air merupakan salah satu andalan penghasil devisa bagi negara khususnya pada sektor non migas, segala upaya untuk menarik wisatawan baik nusantara maupun mancanegara terus dilakukan. Salah satu upaya pemerintah untuk meningkatkan arus wisatawan nusantara dan mancanegara adalah dengan melakukan pembenahan dan penataan objek wisata. Selain itu juga dengan melakukan promosi. Maka dari itu dibutuhkan sistem yang dapat mempermudah pengelola wisata dalam mengolah data, serta mempermudah anggota atau wisatawan dalam memperoleh informasi. Perkembangan teknologi yang semakin meningkat, maka dari permasalahan tersebut diusulkan adanya perubahan sistem lama kedalam sistem yang baru dengan teknologi komputer berbasis website. Metode yang digunakan pada pengembangan perangkat lunak ini menggunakan Model Waterfall. Metode pengumpulan data yang digunakan untuk mengumpulkan data-data yang diperlukan dalam penelitian ini yaitu: observasi, metode wawancara, dan metode pustaka. Melalui komputer yang terkoneksi dengan jaringan internet user dapat mencari dan mendapatkan berbagai informasi, dimana saja dan kapan saja dengan mengakses website. Dengan adanya sistem ini, diharapkan mampu mengatasi berbagai kebutuhan user untuk memperoleh informasi serta membantu pemerintah meningkatkan pendapatan daerah.Kata kunci: Sistem Informasi, Pariwisata, Website, Waterfall

scholarly journals Analisis Curse Theory pada Sumber Daya Alam Migas Bagi Warga Madura

2018 ◽  
Vol 14 (1) ◽  
pp. 12
Author(s):  
Mohammad Hidayaturrahman
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
Community Empowerment ◽  
Government Programs ◽  
Oil And Gas Production ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
State Income ◽  
The Government ◽  
Oil And Gas Sector

Government policies in natural resource management, especially in the oil and gas sector face a lot of problems. However, the government also has a responsibility to improve the life of people affected from oil and gas exploration and production activities. This research was aimed at investigating how the implementation of policies run by the central and local government toward the oil and gas management and community empowerment, especially the community located closely  to oil and gas exploration and production activity in Madura, East Java. This research method is phenomenological research using descriptive qualitative approach. Therefore, this study is conducted through direct observation on the object during the research time. The data collection is done through observation and interview. The results of this study revealed that it is needed an integrated step done by the government, vertically, whether central, provincial, district, and village to synchronize oil and gas management and community empowerment programs. By doing so, the ideas and desires to improve the welfare and increase the state income will be realized, especially in focusing corporate and government programs improving citizen’ economic and education, whose area becomes the location of oil and gas production.

Comparative analysis of the efficiency of oil–producing companies in Russia and the world

2020 ◽  
Author(s):  
Arina E. Link ◽  
◽  
Mikhail V. Mishenin ◽  
Keyword(s):  
Comparative Analysis ◽  
Oil And Gas ◽  
Distinctive Features ◽  
Foreign Companies ◽  
The World ◽  
Tax Deductions ◽  
Cost Of Production ◽  
Oil And Gas Companies ◽  
First Time ◽  
Oil And Gas Sector

The study compares domestic and foreign companies in the oil and gas sector for the first time and identifies the distinctive features of each group. The results of calculations showed that the profit of any large oil and gas company is affected by revenue, cost of production and the amount of tax deductions. Moreover, the refinancing rate of the country where the company is registered is important for the activities of oil and gas companies.

Indonesian energy reform eyes public-private balance

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Local Level ◽  
National Level ◽  
Content Type ◽  
Resource Endowment ◽  
Gas Market ◽  
The Government ◽  
Private Investors ◽  
Energy Assets ◽  
Oil And Gas Sector

Subject Proposed reforms in the oil and gas sector. Significance In the face of strong resource nationalism, President Joko 'Jokowi' Widodo's government faces strong pressure to improve the balance between public control and private participation in the oil and gas sector. To that end, the government proposes to amend the 2001 oil and gas law. Its draft amendment proposes, most notably, that state enterprises should control all production operations, while private investors provide technology and capital. The government is also considering revisions to the upstream regime, which is currently based on production-sharing contracts (PSCs). These changes require parliamentary approval. Impacts Private firms, especially foreign ones, are likely to delay fresh investment in energy assets, given the oil and gas market glut. Indonesia's vast natural resource endowment will attract private interest, but regulatory uncertainty will be an abiding problem. Transparency in the extractive sector will continue to rise at the national level, but local level reforms will be slow.

Persistent protests threaten Tunisian government

2017 ◽  
Keyword(s):  
Political Parties ◽  
Oil And Gas ◽  
Coalition Government ◽  
Content Type ◽  
The Government ◽  
Oil And Gas Sector

Significance Another field, Chouech Essaida, has been shut since February 28 because of labour unrest. Demonstrations extend beyond the oil and gas sector. Months of protests across Tunisia are beginning to exact a toll on the coalition government as demonstrators return to the streets of the capital to challenge the latest effort to pass a controversial ‘economic reconciliation’ bill that would in effect give amnesty to businessmen who engaged in corrupt practices under the former regime. Impacts The unity of the coalition government will come under further pressure as ministers struggle to respond to demonstrations. Political parties risk becoming more isolated from the electorate without major internal reforms. The government will be tempted to return to more authoritarian techniques of rule as protests deepen.

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