By longstanding tradition, at the end of each year the National Energy Security Fund draws results of the Russian fuel and energy industry. We focus on political influence on the industry. Clashes between power cliques for oil and gas property escalate ahead of the presidential election. Political future of the country is not quite certain, which encourages Kremlin’s powerhouses fight for assets. State management of the industry is changing.
The study dwells on the following subjects:
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Winners and losers of the year
- Companies and their heads that have boosted their influence on the industry and fading stars
- Standoff between Gazprom and Rosneft, establishment of the “exporters group,” the fate of the last standing private oil and gas corporations.
- Future development of medium and small size oil and gas firms.
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Transformation of oil and gas management system
- Administrative reform and the fate of the governmental services in charge of oil and gas
- Rotations and structural changes in the government’s oil&gas-regulating services.
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Tax regime for oil and gas companies
- The first experience of differentiated mining tax and other economic innovations.
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Foreign companies in the Russian oil and gas industry
- Reasons for success of some of them and failures of the others
- Shtokman against Kovykta
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Pipeline wars and new export projects
- Escalating competition for Central Asia and the Caspian Region
- Obstacles on the way of direct hydrocarbon supplies to Europe
- Competition for transit in the former Soviet republics
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Forecast for 2008
: - New Putin’s energy project
- Possibility of a new wave of property redistribution
- New system of political management in the oil and gas industry
The content of the report:
Introduction | 2 |
Chapter 1. Key Factors for Russian O&G Industry Development in 2007 | 3 |
Chapter 2. Transformation of Oil and Gas Management System | 8 |
Chapter 3. Competition for Assets: Winners and Losers | 15 |
Chapter 4. Tax Regulation in the Industry | 24 |
Chapter 5. General Results of the O&G Market in 2007 | 29 |
Chapter 6. Status of Foreign Companies in the Russian O&G Market | 33 |
Chapter 7. Main Export Projects | 40 |
Chapter 8. Forecast for 2008 | 48 |
Issue date | 26th December 2007 |