Application of Fractional Calculus to Oil Industry

Fractal Analysis - Applications in Physics, Engineering and Technology ◽

10.5772/intechopen.68571 ◽

2017 ◽

Cited By ~ 2

Author(s):

Benito F. Martínez-Salgado ◽

Rolando Rosas-Sampayo ◽

Anthony Torres-Hernández ◽

Carlos Fuentes

Keyword(s):

Fractional Calculus ◽

Oil Industry

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The relation between stressful conditions and psychosocial factors at work among oil industry workers

PsycEXTRA Dataset ◽

10.1037/e577572014-424 ◽

2013 ◽

Author(s):

Sara Unda ◽

Horacio Tovalin ◽

Marlene Rodriguez ◽

Jose Antonio Centeno

Keyword(s):

Psychosocial Factors ◽

Oil Industry

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The Vegetable Oil Industry of Japan

Scientific American ◽

10.1038/scientificamerican04121919-229bsupp ◽

1919 ◽

Vol 87 (2258supp) ◽

pp. 229-229

Keyword(s):

Vegetable Oil ◽

Oil Industry

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The Modern Whale Oil Industry

Scientific American ◽

10.1038/scientificamerican09151917-175supp ◽

1917 ◽

Vol 84 (2176supp) ◽

pp. 175-176

Author(s):

William Mansbridge

Keyword(s):

Oil Industry ◽

Whale Oil

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Tax maneuver in the oil industry: Provisional results and risks for further implementation

Voprosy Ekonomiki ◽

10.32609/0042-8736-2020-10-28-43 ◽

2020 ◽

pp. 28-43

Author(s):

A. S. Kaukin ◽

E. М. Miller

Keyword(s):

Oil Industry ◽

Oil Products ◽

Oil Refining ◽

State Budget ◽

Tax Rate ◽

Oil Companies ◽

Reform Plan ◽

Alternative Variant ◽

Calculation Results ◽

The Cost

The paper analyzes the consequences of the abolition of the export duty on oil and oil products as a necessary step to stimulate energy efficiency of Russia’s economy and eliminate underdevelopment provoked by a long-term subsidizing of inefficient oil refining sector in Russia. The calculation results have shown that even taking into account several deviations from the planned scenarios of changing the parameters of tax regulation of the oil industry in 2014— 2019, the tax maneuver brought over 3.5 trillion rubles (in 2019 — 148 billion rubles) to the state budget in 2014—2017, mainly due to an increase in the base mineral extraction tax rate, and contributed to an increase in the depth of oil refining from 72% to 85%. In addition, the article analyzes possible risks associated with the current plan for reforming the taxation of the industry until 2024 and proposes an alternative that could level some of them. A comparative analysis of the effects of the tax maneuver under the current reform plan and the alternative variant suggests that the latter will allow to achieve a greater total budgetary effect in four years, reduce the cost of subsidizing domestic oil refining, increase the efficiency of Russian vertically integrated oil companies, and reduce the growth rate of oil products prices in the retail market.

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