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New Configuration of Political Power and the Oil and Gas Industry Management System

New Configuration of Political Power and the Oil and Gas Industry Management System

In spite that Vladimir Putin actually remains the nation’s leader, the system of government decision-making undergoes serious changes. This also affects the oil and gas industry. The importance of the government soars, there appear deputy prime ministers with new functions vested in them, and ministries gain greater influence. This is a different governance concept, for the government and its individual departments have in recent years been rendered less important in their role, with the centre of decision-making shifted to state-run corporations.

What will the new oil and gas sector management system be like? How will structural and staff changes in relevant government departments affect operations in the industry? The answers to these and other questions are given in the new Report of the National Energy Security Fund.

It dwells on the following subjects:

  • Division of powers in energy sector management between Mr Putin and Mr Medvedev

    • Mr Putin retains his status as the «number one oil and gas figure»
  • Putin’s new checks and balances in energy

    • Mixing of elite clans in the boards of directors of state-run companies and executive agencies
  • New system of state control over oil and gas

    • Overall configuration of the allocation of powers relating to control over the industry between the new government departments
    • New deputy prime ministers, ministers and their «favourite» companies in the sector
    • New lobbying chains and opportunities
    • New government commissions on oil and gas sector development and their true weight and powers
  • Relations between the government and oil and gas companies under Mr Putin as Prime Minister

    • The government as a system of control over state companies
    • Key problems of sector development and mechanisms to solve them
    • Fight between Gazprom and Rosneft and administrative support for their interests
  • Medium-term forecast of developments

The contents of the report:

Introduction2
Chapter 1. Putin as the Principal Supervisor of the Energy Sector 3
Chapter 2. Putin’s «Puff Pastry» of Bureaucrats: Byzantine Tangle of Elites. New Composition of the Government and Multilayer Control of Energy 10
Chapter 3. Main Lines of Conflicts over the Development of the Industry in the New Cabinet 23
3.1. Oil Export Problem: ESPO vs. BPS-223
3.2. «Security Officers» versus «Lawyers»: Share-out of Assets between Rosneft and Gazprom 26
3.3. «Lawyers» versus «Exporters»: Fight for Gazprom Divestment 31
Conclusion. Putin’s two main energy objectives 33
Date of issueJune 9, 2008

If you are interested to obtain please contact » Elena Kim

Other issues:
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Analytical series “The Fuel and Energy Complex of Russia”:

State regulation of the oil and gas sector in 2018, prospects for 2019
Gazprom on Path to New Reality
Looking for Best Tax Treatment of Oil and Gas: Fiscal Experiments Continued
The subject of taxation became the absolute hit of 2018. The government once again decided to rewrite the rules of the game. President Putin’s new inauguration decree served as the main pretext. It turned out that about 8 trillion roubles extra was necessary for the new national projects announced. The Cabinet did not take long to decide where the funds should be taken. The result was acceleration of the so-called tax manoeuvre started as far back as 1 January 2015. It suggested shifting the tax burden to the wellhead: the effect on the state budget of gradual abandonment of the export duty will be more than compensated for by quicker growth in mineral resources extraction tax (MRET). The laws on tax reform have already gone through the parliament and will take effect as of next year. This means nothing good for companies.
Results of Pivot to the East in Oil and Gas Sector
New government structure and FES: Reformatting the state system administrating the sector

All reports for: 2015 , 14 , 13 , 12 , 11 , 10 , 09 , 08 , 07

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