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I. A. Boltenkov
I. A. Boltenkov
G.V. Plekhanov Saint Petersburg Mining University
G.V. Plekhanov Saint Petersburg Mining University

Articles

Economics and finance: a look into the future
  • Date submitted
    2001-08-03
  • Date accepted
    2001-09-03
  • Date published
    2002-03-01

The securities market and the problems of attracting investment in the fuel and energy complex: Russian and world experience

Article preview

The Russian Federation is currently the world's largest natural gas producer and exporter and the natural gas industry is the most dynamically developing segment of the national fuel and energy complex. Natural gas production expressed in monetary units places the gas industry in a leading position compared to other sectors of the national economy both in terms of total financial flows and contributions to budgets at all levels. The article contains a brief review of the current state of the gas industry of the Russian Federation with regard to the world stock market and its Russian part, as well as an analysis of the trends that determine the movement of quotations of the securities and the influence of the top managers of the gas monopoly - OAO “Gazprom” on these trends. The problems faced by the industry are formulated and the correct way to solve them from the standpoint of international norms and standards of corporate behavior in the securities market is proposed. The integration structure of the gas industry of the Russian Federation (horizontal and vertical) and its impact on the processes taking place in the Russian stock market are shown using examples of specific organizations.

How to cite: Boltenkov I.A. The securities market and the problems of attracting investment in the fuel and energy complex: Russian and world experience // Journal of Mining Institute. 2002. Vol. 151. p. 109-111.