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Main page > Products > The fuel and energy complex of Russia - Series of analytical reports > Regulation of Oil and Gas Sector in 2008 and Prospects for 2009
Regulation of Oil and Gas Sector in 2008 and Prospects for 2009
The Fund’s traditional report summarises the key developments in the oil and gas industry this year.
The year 2008 has proved very complicated and controversial. A sharp rise in oil prices was replaced with an equally dramatic fall in them. Vladimir Putin moved to the office of prime minister and reshuffled the entire system of administration in the sector. A radical tax reform began. The operating rules for non-residents changed. Wars between state companies and redistribution of property were in full swing.
The report offers an in-depth discussion of the following subjects:
-
Economic situation in the industry
- Who capitalised on expensive oil?
- Key implications of the decline in oil and gas prices
- Situation in the upstream segment
- «Presents from Putin» and their ability to stop the fall in the oil industry
- Trends in the export of hydrocarbons
-
New political system of administration in the oil and gas sector: first outputs
- Role of Putin as prime minister in the sector
- Activities of Igor Sechin as deputy prime minister in charge of energy
- Bureaucratic wars for geology and ecology
- Distribution of licences between state companies
- War between Rosneft and Gazprom on different fronts
- Battle for the shelf, Eastern Siberia, and the Far East
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Changes in the export strategy
- «Wars of pipelines»: BPS-2 vs. ESPO
- End of the formation of the pro-Chinese and pro-European «parties» in the Russian fuel and energy sector
-
Non-residents in Russia
- Tougher control over strategic investment
-
Foreign expansion of Russian energy companies
- Western and «anti-Western» lines in the expansion of co-operation
- Attempts to proceed with the «exchange of assets» policy in relations with Western majors
- Intensification in South America and North Africa
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Medium-term forecast
- Scenarios with different levels of oil prices
The contents of the report:
| Introduction | 2 |
| Chapter 1. Economic Situation in Sector | 4 |
| Chapter 2. New Political System of Administration in Oil and Gas Sector: First Outputs | 11 |
| 2.1. Role of Putin as Prime Minister in the Sector | 11 |
| 2.2. Activities of Igor Sechin as Deputy Prime Minister in Charge of Energy | 12 |
| 2.3. Changes in Ministries Responsible for Oil and Gas | 13 |
| Chapter 3. Fight for Determination of Export Strategy | 22 |
| 3.1. «Wars of Pipelines»: BPS-2vs. ESPO | 22 |
| 3.2. End of Formation of Pro-Chinese and Pro-European «Parties» in Russian Fuel and Energy Sector | 26 |
| Chapter 4. Wars between State Companies | 29 |
| 4.1. «Eastern Front» and Offshore «Battles of Giants» | 29 |
| 4.2. Fight Between State Companies over Access to UGSS | 35 |
| Chapter 5. Personnel Policy in State Companies | 38 |
| 5.1. Staff Wars in Gazprom | 38 |
| 5.2. Staff Wars in Rosneft | 41 |
| Chapter 6. Foreign Expansion of Russian Energy Companies | 43 |
| 6.1. Energy Co-operation with the West | 43 |
| 6.2. …. and Its «Alternative » | 50 |
| Chapter 7. Non-residents in Russia: Unexpected Opportunities | 58 |
| Chapter 8. Forecast of Key Development Trends in Russian Fuel and Energy strong> | 63 |
| Date of issue | January 12, 2009 |
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If you are interested to obtain please contact » Elena Kim
Other issues:
- State regulation in the oil and gas sector in 2011 and prospects for 2012
- The Present and Future of Gazprom
- State management in the oil and gas sector: Last autumn of current political cycle
- Central Asia and Caspian Region: Problems of Development and Transportation of Hydrocarbons
- Export Strategy of Russia’s Oil and Gas Sector
- Rearrangement of Property in the Oil and Gas Sector
- New Legal and Fiscal Procedures in the Oil and Gas Industry
- Prospects of Third Legislative Package Implementation, Future of European Gas Market
- State Regulation of the Oil and Gas Sector in 2010, Outlooks for 2011
- Gazprom after Crisis: What Dreams May Come
- Nonresidents in the Russian Oil and Gas Sector: New Window of Opportunity?
- State System of Administrating the Oil and Gas Sector
- Gas Pipeline Wars in Europe and Central Asia
- Anti-Crisis Policy in the Oil and Gas Sector And Its Consequences
- Western and Eastern Vectors of the Russian Oil and Gas Sector Development
- “Ukrainian Front” and Problem of Gas Supplies to Europe
- State Regulation of the Oil and Gas Sector in 2009 and Outlooks for 2010
- Gazprom: Plans, Risks, Prospects
- Emergence of a Putin-sponsored Oil and Gas Aristocracy: Clans at War for Property
- Offshore Wars and Distribution of New Oil and Gas Blocks
- Russian gas export routes: pipes and gas carriers
- State oil and gas sector management system: first year in new format
- New Tax Treatment of Oil and Gas Industry
- Central Asia and the Caspian Sea: a Trap or Salvation?
- Regulation of Oil and Gas Sector in 2008 and Prospects for 2009
- Domestic Market of Energy Resources: Current State and Future Prospects
- Global Market of Energy Resources: Main Development Trends and the Role of Russian Companies
- Nationalisation and Privatisation: Two Industry Development Tendencies
- War for Energy Resources of Southern and Central Europe, the Caspian Region and Central Asia
- New Configuration of Political Power and the Oil and Gas Industry Management System
- Gazprom: What Future is in Store for the Company under the «new» Putin and Medvedev?
- Statutory Framework of the Oil and Gas Industry
- Government regulation of the oil and gas industry in 2007 and future considerations for 2008
- The Merger of Gazprom and RAO UES and the New Gas and Electricity Pricing Patterns
- Oil and Gas Clashes between the Russian Power Successors
- The Oil and Gas Industry and the Putin’s Energy Project
- The Big Trade: Russian Companies Competing for Downstream Projects and Foreign Companies Seeking to Enter Upstream Projects
- Gazprom: are there Limits to the Growth?
- Pipeline Wars and New Routes of Hydrocarbons Transportation from Russia
- Strategy of Russian oil-and-gas companies
Special report:
Liquefied Natural Gas Outlook: Expectations and Reality
World market has shown interest to liquefied gas. Russia has so far been aside of it. However, producers have announced several large LNG projects. The new study will help investigate this delicate subject and understand what is in store for LNG production and export in the nearest years.Analytical series “The Fuel and Energy Complex of Russia”:
State regulation in the oil and gas sector in 2011 and prospects for 2012
The year 2011 turned out to be rather contradictory for the oil and gas industry. On one side, preliminary results of basic parameters seem quite satisfactory. On the other side, the depletion of oil production growth potential is becoming more obvious. Prime Minister Vladimir Putin several times mentioned that the oil industry reached its peak. This was described as an ordinary event, although in reality it reflects recognition of strategic mistakes once made.The Present and Future of Gazprom
Gazprom’s 2010-2011 financial results were phenomenal. An employment contract of Gazprom CEO Alexey Miller, who has been managing the gas giant for 10 years, was prolonged ahead of time for another five years. However, the country’s main company found itself under powerful pressure both on the domestic and external markets.State management in the oil and gas sector: Last autumn of current political cycle
The main political intrigue of the upcoming election cycle would seem to be over. Vladimir Putin is set to return to the president’s office, while Dmitry Medvedev is to chair the Cabinet. But in reality, everything is just about to begin. Some scenarios of reformatting Russian state authorities are indeed ruled out. Yet, there are many unclear things, including the question of the oil and gas sector management. Changes in the system are unavoidable. There is temptation to fix the rules of the game for the next six years, which adds a special connotation to the upcoming transformation.Central Asia and Caspian Region: Problems of Development and Transportation of Hydrocarbons
Despite problems related to signing contracts on purchasing gas from the Caspian region countries, the European Commission is fully determined to implement Southern Corridor projects to reduce dependence on Russia. In its turn, Moscow keeps steadily promoting its alternative South Stream project. But the price of the question puts both sides into a difficult position.Export Strategy of Russia’s Oil and Gas Sector
In 2010 the Russian oil industry set an absolute record in terms of production. An oil pipeline to China has been launched this year expanding our potential of oil supplies to Asia. Diversification of export routes seemed to be quite a reasonable strategy on the background of growing production. However, there are certain factors that should be taken into account.
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