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Oil Sector: Potential For Tax Incentives

Author

Listed:
  • Bobylev Yuri

    (Gaidar Institute for Economic Policy)

  • Rasenko O.

    (Gaidar Institute for Economic Policy)

Abstract

The state of Russia’s oil sector is marked by a general deterioration of the oil extraction conditions owing to depletion of existi ng deposits in developed regions and signifi cantly higher extraction costs at the new oil fields and tight oil deposits. In order to improve the situation, investments in the development of new oil fields are required as well as in deepened development of existing deposits with an improved refining margin. Government fiscal policy should contribute to the resolution of these issues including implementation of structural reform in the tax system and introduction of special excess-profi t tax.

Suggested Citation

  • Bobylev Yuri & Rasenko O., 2016. "Oil Sector: Potential For Tax Incentives," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 29-32, July.
    • Handle: RePEc:gai:recdev:recdev-2016-7-686
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    File URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-7-686.pdf
    File Function: Revised version, 2016
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    More about this item

    Keywords

    Oil Sector; Russian Economy;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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