bgscience@idbg.ru
+7 495 648 62 41 Russia, 127015, Moscow, Novodmitrovskaya st. 5A (b. 7)
Menu
  • BIBLIO-GLOBUS
    • About
  • Journals
    • Russian Journal of Entrepreneurship
    • Creative Economy
    • Scholarly Communication Review
    • Russian Journal of Retail Management
    • Leadership and Management
    • Public-Private Partnership
    • Global Markets and Financial Engineering
    • Russian Journal of Housing Research
    • Food Policy and Security
    • Russian Journal of Labor Economics
    • Russian Journal of Innovation Economics
    • Journal of Economics, Entrepreneurship and Law
    • Russian Journal of Humanistic Psychology
  • BIBLIO-GLOBUS fiction

Switch to Russian:to Russian

Модель долгосрочных финансовых отношений между государством и нефтедобывающими корпорациями с целью увеличения инвестирования в разработку нефтегазовых месторождений


Bueavi A.F.
(about the author)

Bueavi Ali Fadl – (Financial University under the Government of the Russian Federation, Corporate Finance and Corporate Governance Department)

Published in:
Journal of Economics, Entrepreneurship and Law
– Volume 9, Number 3 (July-September 2019)



Keywords: investment financing, investments in oil production, oil and gas fields, oil production


Citation:
Bueavi A.F. (2019). Модель долгосрочных финансовых отношений между государством и нефтедобывающими корпорациями с целью увеличения инвестирования в разработку нефтегазовых месторождений. Journal of Economics, Entrepreneurship and Law, 9(3), 143-150. doi: 10.18334/epp.9.3.41139


Share:

Abstract:

The publication examines the problems of corporate sector investment in the development of oil and gas fields on the example of Iraq and the Russian Federation. It is stated that there are a number of problems associated with the lack of financial and economic mechanisms to encourage corporations to intensify financing and inefficient public administration in this area. There is a low tendency of oil-producing enterprises of both states to invest in the development of oil and gas fields, and shifting the burden of financing to the state. To solve the problem, it is proposed to build a special model of financial relations between the state and oil-producing corporations. This model is only possible under certain conditions: long-term engagement; Pareto-responsibility between the state and oil corporations, 20/80% in shares of funding for field development; the establishment of a fixed fee oil corporations for the rent at a level not below 50% as tool fair withdrawal of oil and gas rent; observance of environmental safety. The application of the model will contribute to the further formation and sustainable development of the oil and gas complex in emerging markets.








References:
Bogatkina Yu.G., Eremin N.A. (2019). Mekhanizmy ekonomiko-rentabelnogo inzhiniringa neftegazovyh resursov [Mechanisms of economic and cost-effective engineering of oil and gas resources]. Ekspozitsiya Neft Gaz. (3(70)). 40-45. (in Russian).
Bratchenko S.A. (2019). Soderzhanie kategoriy «effektivnost» i «tsel deyatelnosti» dlya chastnyh i gosudarstvennyh kompaniy [The content of the categories "effectiveness" and "target activities" for private and public companies]. Vestnik Udmurtskogo universiteta. Seriya Ekonomika i pravo. 29 (3). 270-279. (in Russian).
Chernyavskiy S.V., Kosobutskiy B.E. (2018). Stimulirovanie innovatsionnyh protsessov v VINK ot dobychi do pererabotki nefti [Stimulation of innovative processes in vertically integrated oil company from oil production to oil refining]. Vyzovy menedzhmenta. (2). 112-120. (in Russian).
Danilova N.V. (2017). Gornoe pravo [Mining law] M.; Berlin: Direkt-Media. (in Russian).
Ivanova N.M., Lavrov S.N. (2019). Vliyanie antirossiyskikh sanktsiy SShA na zarubezhnuyu ekspansiyu krupneyshikh rossiyskikh neftegazovyh TNK PAO «Lukoyl» i PAO «Rosneft» (investitsionnaya strategiya krupneyshikh rossiyskikh kompaniy neftegazovogo sektora v usloviyakh uzhestocheniya sanktsionnyh ogranicheniy) [The impact of anti-Russian US sanctions on foreign expansion of major Russian oil and gas TNCs, PJSC "LUKOIL" and JSC "Rosneft" (an investment strategy of major Russian oil and gas companies in the conditions of toughening of sanctions restrictions)]. International organisations research journal. 14 (1). 126-144. (in Russian). doi: 10.17323/1996-7845-2019-01-08.
Khadavimogaddam F., Masud M. G., Amdzhadi F. (2019). Nekotorye pravovye aspekty iranskogo i mirovogo opyta razrabotki sovmestnyh mestorozhdeniy nefti i gaza [Some of the legal aspects of Iranian and world experience of development of joint oil and gas fields]. Current problems of economics and law. 13 (1). 1045-1059. (in Russian).
Masterov A.I. (2018). Gosudarstvennoe stimulirovanie formirovaniya investitsionnogo sprosa v rossiyskoy neftegazovoy promyshlennosti [State stimulation of investment demand in Russian oil and gas industry]. Economy. Taxes. Law. 11 (6). 156-160. (in Russian).
Mau V. i dr. (2019). Rossiyskaya ekonomika v 2018 godu. Tendentsii i perspektivy. (Vyp. 40) [Russian economy in 2018. Trends and prospects. (Vol. 40)] Moscow: Izd-vo In-ta Gaydara. (in Russian).
Pancheva V.S. (2015). Sovershenstvovanie nalogooblozheniya dobychi nefti i gaza v Rossii [Improving the taxation of oil and gas in Russia] M.. (in Russian).
Reshetilova T.B. (2002). Gornaya renta v mekhanizme upravleniya ispolzovaniem nedr [Mining rent in the governance of the subsoil use] M.: Izd-vo Mosk. gos. gorn. un-ta (MGGU). (in Russian).
Subkhankulova R. R. (2014). O neftegazovoy otrasli Iraka [About the oil and gas sector of Iraq] M.: In-t Blizhnego Vostoka. (in Russian).
Thurber M.C., Hults D.R., Heller P.R.P. (2011). Exporting the “Norwegian Model”: The effect of administrative design on oil sector performance Energy Policy. 39 (9). 5366-5378.
Федеральное министерство финансов Ирака: Официальный сайт. (in Russian). Retrieved from http://mof.gov.iq/pages/en/FederalBalanceForFiscalYear.aspx

Tel : +7 495 649 6241

Fax : +7 800 3331538

E-mail : bgscience@idbg.ru

Address : RUSSIA, 101000, Moscow, Myasnitskaya st. 13-2

BIBLIO-GLOBUS Science

BIBLIO-GLOBUS Science - one of the leading science publishers in Russia.

Read More
Other sites
  • BIBLIO-GLOBUS fiction
  • BIBLIO-GLOBUS bookstore
  • National Science Publishing Association (NATSPA)
© 2016 BIBLIO-GLOBUS Science (BIBLIO-GLOBUS Publishing House). All Rights Reserved