System research of priority geological objects in the Pripyat trough with the intent of increasing the hydrocarbon resource potential

A new direction of system research in the Pripyat Trough to increase the hydrocarbon resource potential of the bowels on the basis of modern geological and geophysical technologies has been justified. Two-type priority objects, which are oil and gas prospecting and research polygons, are distinguished. The first-type object is represented by large oil multifield and prohibitive structures in the highly promising areas and sections. The second-type object includes the structures of the western part of the Central Zone of the Pripyat Trough where a rather high level of direct oil and gas occurrences is established.

State support for petrochemicals and invenstments in Russian Arctic opens up new opportunities for the development of hydrocarbon resource base

The new vector of the energy policy of the Russian Federation, aimed at the development of non-resource exports, was supported in 2020 by the adoption of key federal laws that stimulate gas processing (ethane and LPG) and business activities in the Arctic zone of the Russian Federation. These changes are an incentive for the implementation of innovative projects with an expanded technological chain with the production of products with high added value. Arctic gas condensate fields in the Russian Federation are acquiring additional potential to significantly increase the value and monetize large-scale reserves, most of which are located in the YamaloNenets Autonomous District. Global trends confirm the relevance of the gas chemical direction – with the growth of global consumption, the need for final polymer products will increase, and with the new environmentally friendly energy transition, the share of gas will increase. The article presents a comprehensive analysis of trends in the development of the world market of gas and gas chemical products, the hydrocarbon resource base of the Russian Federation and changes in legislation. It is concluded that the enterprises of the Russian Federation have advantages for the implementation of gas chemical projects in the medium and long term in 2022-2030, especially in the Arctic zone of the Russian Federation.

Economic Diversification under Saudi Vision 2030

The last decade has brought a row of substantial changes that have profound implications for the traditional hydrocarbon resource-rich economies. Economic conditions may change radically either throughout a decade or within months. The question is whether there is no other option for a hydrocarbon resource-rich economy than to be held hostage to the fluctuations in global oil prices. The general answer to a changing environment is: Adapt! From the macroeconomic perspective, this means diversifying the economy to broaden the income base and significantly reduce the dependence on oil revenues. The Saudi Vision 2030 represents a complex plan for substantial socioeconomic adjustments that are about to move the economy toward a more diversified and sustainable one. This discussion paper examines the preferred diversification paths for the Saudi economy in more detail, with a focus on the foreseen adjustments in the sectoral composition of the economy along with broader macroeconomic shifts. The evaluation of the foreseen diversification impacts is based on the updated Vision 2030 Input-Output Table that maps the changing structure of the Saudi economy over the coming decade. We discuss the assumed expansion of the diversification frontrunners, their changing contribution to the overall economic activity and identify the preferred diversification paths for the Saudi economy. The advances in economic diversification are measured by applying the Shannon-Weaver index to sectoral GDP and household income. The expected sectoral changes are wide-reaching, so the basic macroeconomic relations are also subject to adjustments. We also conduct a sensitivity analysis to examine the effects of the foreseen diversification on the resilience of the Saudi economy to external shocks.