Estimates of Tax Revenues from the Arctic Shelf Oil Exploration
Abstract
Arctic shelf oil exploration is a capital-intensive and risk-bearing process. The tax concessions are provided in order to facilitate exploration of new oilfields, which would bring additional income to the budgetary system of Russia in the long view. The article provides estimates of tax revenues from the Arctic shelf oil exploration and analysis of impact of the tax concessions on new oilfield exploration in the strategic oil-producing regions of Russia.
References
[2] Berger, E.V. 2006. Rental payments of oil-producing companies in the subsoil. Thesis for the degree of master of laws: 12.00.14. Moscow, 137
[3] Brinken, A.O. 2005. The spatial organization of the development of oil and gas resources of foreign and Russian Arctic. The thesis for the degree of Doctor of Geographical Sciences: 25.00.24. - St. Petersburg: St. Petersburg State University, 423 p.
[4] Diyachkova, E.A. 2012. Theory and methodology of formation of differential treatment of subsoil use for effective development of the hydrocarbon resource base. The thesis for the degree of doctor of economic sciences: 08.00.05. - Moscow: Russian State Geological Prospecting University Sergo Ordzhonikidze, 337.
[5] Gareev, Sh.I. (n.d.). Information-measuring complex for research in the water areas of the Polar Regions. Scientific and practical journal «Modern Science: actual problems of theory and practice», 2012, vol. 6, no.7 Availiable at:http://www.nauteh-journal.ru/index.php/en/----etn12-06/682-a (Accessed 3 October 2012).
[6] Grunis, E.B. 2009. Current state of resource base and prognosis of oil production levels in east Siberia. Oil and Gas Geology journal, 114, 23
[7] Ilinskiy, D.A. 2008. The effectiveness of the formation of a complex for the extraction and processing of natural gas on the Arctic shelf of Russia. The thesis for the degree of candidate of economic sciences: 08.00.05. - St. Petersburg: North-West State Technical University, 176.
[8] Kartovenko, I.V. 2009. Tax adjustments of the oil sector in the modern economy thesis for the degree of candidate of economic sciences: 08.00.10. - Moscow: Moscow State University named after MV University, 173 p.
[9] Korzhubaev, A.G. 2011. The oil industry of Russia. Drilling and Oil, no. 1st April, 86,3
[10] Kotov, D.V. 2002. Economic aspects of the reorganization of the oil-producing companies in the late stages of field development. The thesis for the degree of candidate of economic sciences: 08.00.05 - Ufa: Ufa State Oil Technical University, 123.
[11] Krylova, O.V. 2009. Nalogooblozhenie dobychi neftegazovykh resursov na kontinental’nom shel’fe Rossiyskoy Federatsii. Dissertatsiya na soiskanie uchenoy stepeni kandidata ekonomicheskikh nauk. [Taxation of extraction of oil and gas resources on the continental shelf of the Russian Federation. PhD thesis in Economic Science]. Moscow, Finance Academy under the Government of the Russian Federation. 178 p.
[12] Kurnikova, A.A. 2009. The taxation of oil and gas resources on the continental shelf of the Russian Federation. The thesis for the degree of candidate of economic sciences: 08.00.10. - Moscow: Finance Academy under the Government of the Russian Federation 178.
[13] Ledovskikh, A.A. 2010. The main problems of exploration and growth of hydrocarbon reserves of the Russian Federation. Oil and Gas Geology journal, 86,9
[14] Modern oil production problems. Oil. Gas. Innovations. 2012, no. 1st June, 120, 53.
[15] Morunov, E.V. 2002. Institutionalization of mining rent: for example, the oil and gas sector of the Russian economy. The thesis for the degree of candidate of economic sciences: 08.00.05. - Moscow, p. 128.
[16] Nurtdinova, G.A. 2010 Effect of tax factor to ensure the stable development of the oil and gas industry. The thesis for the degree of candidate of economic sciences: 08.00.10. - M.: Russian State Tax Academy, 180.
[17] Oil and GAS of Arctic. (n.d.). PRO-ARCTIC. Retrieved May 28, 2013, from http://pro-arctic.ru/28/05/2013/resources/3516
[18] Polyakova, T.V. 2013. Trends in the global oil market and foreign economic interests of Russia. The thesis for the degree of candidate of economic sciences: 08.00.14. - Moscow: Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation 204.
[19] Rasskazova, M.V. 2004. Prospects for the oil industry taxation. The thesis for the degree of candidate of economic sciences: 08.00.10. - Moscow: Finance Academy under the Government of the Russian Federation 184.
[20] Summary indicators of energy production in the Russian Federation. InfoTEK, 2013, no. January, 105, 28.
[21] The results of industrial activity of the fuel and energy complex of Russia. Magazine ‘FEC of Russia’, 2013, no. 1st January, 79, 28.
[22] Vygon Grigoriy, Rubtsov Anton, Sergey Ezhov, Dariya Kozlova. ‘Arctic shelf: as optimal control system in Russia?’ Energy Centre SKOLKOVO. Np, Web. September 30, 2012 Management School SKOLKOVO. Available at: http://energy.skolkovo.ru/upload/medialibrary/07c/SEneC_Arctic_ Offshore.pdf (accessed 30 September 2012).
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.