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Vol 152
Pages:
210-213
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Production sharing agreement as a mechanism to increase investment activity in the oil and gas complex of Russia

Authors:
V. N. Volovich1
M. A. Lazarenko2
About authors
  • 1 — Professor G.V. Plekhanov Saint Petersburg State Mining Institute
  • 2 — Student G.V. Plekhanov Saint Petersburg State Mining Institute
Date submitted:
2001-09-13
Date accepted:
2001-10-22
Date published:
2002-04-01

Abstract

The analysis of the investment climate in the oil and gas industry of Russia, the role and place of the oil and gas complex in the economy of the Russian Federation was performed; the drawbacks of the existing mechanisms of investment attraction were revealed and the mechanisms to improve the investment climate in the oil and gas industry were justified: the possibilities of attracting investments through the implementation of a production sharing agreement were shown; positive and negative effects of projects implementation based on a production sharing agreement were established. The long-term perspective of impact of investments attracted on the basis of implementation of the production sharing agreement on the economy of the Russian Federation was assessed.

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