IDEAS home Printed from https://ideas.repec.org/a/eco/journ2/2018-04-7.html
   My bibliography  Save this article

Prospects for the Development of the Oil and Gas Industry in the Regional and Global Economy

Author

Listed:
  • Ivan V. Morozov

    (Department of State and Municipal Management, Plekhanov Russian University of Economics, Moscow, Russian Federation)

  • Yuliya M. Potanina

    (Department of Accounting, Statistics and Audit, Moscow State Institute of International Relations (MGIMO University), Moscow, Russian Federation)

  • Sergey A. Voronin

    (Department of Civil Law and Procedure and Private International Law, RUDN University, Moscow, Russian Federation,)

  • Natalia V. Kuchkovskaya

    (Department of Corporate Finance and Corporate Governance, Financial University under the Government of the Russian Federation, Moscow, Russian Federation)

  • Mapo Dare Siliush

    (Department of World Economics, International University of Management, Windhoek, Namibia)

Abstract

Problems of energy efficiency, along with increasing environmental safety of production and increasing social responsibility, are becoming a central object of research. Therefore, the main goal of the work is to analyze the prospects for the development of the oil and gas industry. It was established that innovative technologies play an important role in the development of energy. In the structure of public administration, the definition of the place in the close relationship with commodity-money relations, mediating its implementation. But refusal of oil resources will lead to negative consequences. It is established that the maximum production of conventional oil in the world in the amount of 4.5-4.8 billion tons per year will be achieved in 2020-2030. Major areas of conventional oil production in this period will be oil and gas basins of the Persian Gulf, Western and Eastern Siberia, the Caspian sea, the Atlantic shelves of Africa and South America. The achieved level of oil production can be maintained by large-scale involvement in the development of non-traditional sources (bitumen and shale oil). According to the raw material base, the leaders of unconventional oil production should be Venezuela, Canada, Russia and the United States.

Suggested Citation

  • Ivan V. Morozov & Yuliya M. Potanina & Sergey A. Voronin & Natalia V. Kuchkovskaya & Mapo Dare Siliush, 2018. "Prospects for the Development of the Oil and Gas Industry in the Regional and Global Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 55-62.
    • Handle: RePEc:eco:journ2:2018-04-7
    as

    Download full text from publisher

    File URL: https://www.econjournals.com/index.php/ijeep/article/download/6523/3785
    Download Restriction: no
    File URL: https://www.econjournals.com/index.php/ijeep/article/view/6523/3785
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anatoly Zhuplev, 2012. "Russian Energy Sector: Trends and Strategic Implications in the Eurasian Context," Palgrave Macmillan Books, in: Marin A. Marinov & Svetla T. Marinova (ed.), Impacts of Emerging Economies and Firms on International Business, chapter 11, pages 207-249, Palgrave Macmillan.
    2. Ivan Nazarov, 2015. "Overview of the Russian Natural Gas Industry," Palgrave Macmillan Books, in: Andrey Vavilov (ed.), Gazprom, chapter 1, pages 15-47, Palgrave Macmillan.
    3. Justin Yifu Lin & Valery Makarov, 1998. "Transition to a Market-Oriented Economy: China versus Eastern Europe and Russia," International Economic Association Series, in: Yujiro Hayami & Masahiko Aoki (ed.), The Institutional Foundations of East Asian Economic Development, chapter 8, pages 215-251, Palgrave Macmillan.
    4. Galym B. Teleuyev & Oksana V. Akulich & Marsel A. Kadyrov & Andrey A. Ponomarev & Elnur L. Hasanov, 2017. "Problems of Legal Regulation for Use and Development of Renewable Energy Sources in the Republic of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 296-301.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Valery F. Anisimov & Yuri V. Truntsevsky & Valery V. Bessel & Saltanat Yessetova, 2020. "Prospects of Development of the Oil Industry in the Global Economy and in the Regional Economies," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 265-279.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yuliya I. Bogomolova & Elena V. Belokurova & Vladimir R. Meshkov & Evgeniy O. Pavlov, 2018. "Human Capital of Transnational Corporations in the Energy Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 128-134.
    2. Meiramkul Saiymova & Aliya Shakharova & Aliya Rakaeva & Madina Serikova & Aslan Tasmaganbetov & Yuliya Tyurina & Zhibek Bimagambetova, 2020. "Energy Security, Economics and Environment in the Eurasian Economic Union: Current and Future Scenarios," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 293-299.
    3. Aigerim Ibrayeva & Dmitriy V. Sannikov & Marsel A. Kadyrov & Vladimir N. Zapevalov & Elnur L. Hasanov & Vladimir N. Zuev, 2018. "Importance of the Caspian Countries for the European Union Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 150-159.
    4. Farukhzhon Kurbanov & Diana Sitenko & Bauyrzhan Yessengeldin & Bakhytzhamal Zhumatayeva & Raushan Yesbergen, 2020. "Organizational and Economic Mechanisms of Energy Conservation and Energy Efficiency Management in Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 10(2), pages 206-212.
    5. Liu, Xiaojie & Shen, Jim Huangnan & Deng, Kent, 2022. "Endowment Structure, property rights and reforms of large state-owned enterprises (SOEs) in China: Past, present and future," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 675-692.
    6. Xunan Feng & Dengxi Wei, 2024. "Political ranking in hierarchy and receipt of a comment letter: Evidence from China," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 277-307, March.
    7. Ivan A. Kapitonov & Vladimir I. Voloshin & Vitaly G. Korolev, 2018. "Eastern Vector of Russian State Policy Development for Ensuring Energy Security," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 335-341.

    More about this item

    Keywords

    environmental policy; oil production; forecast; coal-fired power plants; economic crisis.;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eco:journ2:2018-04-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ilhan Ozturk (email available below). General contact details of provider: http://www.econjournals.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.