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Date submitted2024-03-18
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Date accepted2024-11-07
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Date published2025-01-14
Public-private partnership in the mineral resources sector of Russia: how to implement the classical model?
A comparative financial and economic analysis is conducted of different public-private partnership (PPP) models for industrial infrastructure construction projects in an underdeveloped resource-rich region. The Stackelberg game theory-based model is used to build a parametrized family of bilevel mathematical programming models that describe an entire spectrum of partnership schemes. This approach enables a comparison of different strategies for the distribution of infrastructure investments between the government and the subsoil user and hence a scenario of transformation of Russia’s current PPP scheme into the classical partnership model, which is practiced in developed economies. To this end, a database is created on fifty polymetallic deposits in Transbaikalia, and a comparative analysis is conducted of Stackelberg-equilibrium development programs that implement different PPP models. The numerical experiment results show the classical PPP model to be most effective in the case of a budget deficit. The analysis helps assess the economic consequences of a gradual transformation of the partnership institution in industrial infrastructure construction from investor support in the Russian model to government support in the classical scheme. Intermediate partnership models, which act as a transitional institution, help reduce the budget burden. These models can be implemented by clustering the deposits, developing subsoil user consortia, and practicing shared construction of necessary transport and energy infrastructure. The intensification of horizontal connections between subsoil users creates favorable conditions for additional effects from the consolidation of resources and can serve as a foundation for a practical partnership scheme within the framework of the classical model.
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Date submitted2024-01-18
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Date accepted2024-05-02
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Date published2024-12-25
Industrial clusters as an organizational model for the development of Russia petrochemical industry
The article explores the challenges facing Russia petrochemical industry over the past decade and examines the reasons behind its significant lag compared to other industrialized nations. It presents a review of academic research on clusters accompanied by a comparative analysis, generalization, and consolidation of factors influencing the development of the petrochemical industry in Russia. It is argued that advancing the petrochemical industry from production plants to integrated production complexes necessitates a shift towards clustering, which will improve resource utilization efficiency, bolster product competitiveness, and reduce production costs. The article examines and consolidates key cluster concepts, encompassing definitions, characteristics, composition, and constituent elements. It also examines strategic documents guiding the development of the petrochemical sector, assesses the progress made in forming petrochemical clusters in Russia, and draws upon European and Asian experiences and government support tools in the domain of petrochemical clusters. The successful development of petrochemical clusters in Russia is argued to be strongly dependent on state initiatives and support for infrastructure development. Additionally, the presence of research organizations within clusters is crucial for fostering high-tech product innovation and forming an efficient value chain that integrates research and development with specific assets. When establishing petrochemical clusters in Russia, it is essential to consider the unique characteristics of each cluster, including the types of raw materials and resources used, the necessary infrastructure, and the specific support measures and incentives provided by the state.
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Date submitted2016-11-20
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Date accepted2017-01-07
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Date published2017-04-14
Models for assessment of public-private partnership projects in subsurface management
- Authors:
- I. S. Kalgina
Aims and goals of this paper. The article is devoted to analysis of issues related to development of public-private partnership (PPP) projects in mineral resources sector of Russia. The special emphasis is given to the most common PPP model in the field of industrial infrastructure construction using the Investment Fund of RF. We offer specific tools to be used with Russian models for assessment of PPP projects and forecasting of its efficiency for its participants. This model allows evaluating the results of the whole deposit development process, constructing graphs of all types of expenditures and revenues (by years), and having rent assessment of deposit NPV (net present value) and internal rent rate (IRR). Methods and results. The iteration process at each step enables assessment of budget revenue forecast, living standards indexes, ecological parameters and performance indicators, as well as a certain variant of PPP project implementation for investors (direct government expenses on implementation of infrastructure objects and environmental activities, tax benefits). We have a set of tools for supporting the management decision making process in developing efficient PPP mechanism, balancing long-term government interests, private sector and local people interests arising during socio-economic development of mineral resources area. This method using the suggested tools for analyzing efficiency of a specific partnership mechanism is shown on the examples of projects of developing different deposits in Transbaikal region.
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Date submitted2014-11-27
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Date accepted2015-01-15
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Date published2015-10-26
Socio-economic potential of large-scale projects to develop offshore oil and gas: risks and stakeholder expectations
- Authors:
- A. E. Cherepovitsyn
The development of the Arctic shelf is a strategic long-term objective of the energy development of the Russian Federation. At the present time, resource and economic potential of offshore oil and gas development projects is huge. However, it is constrained by the complexity of developing offshore oil and gas resources due to climatic, geological and technological conditions. In addition, the current unstable situation with world oil prices is also a constraint on largescale involvement in the industrial development of offshore oil and gas resources. The aim of the research is to determine socioeconomic potential of large-scale projects to develop oil fields in the Arctic shelf of Russia. The article presents the peculiarities of developing offshore fields, which are characterized by severe climatic conditions, high environmental risks, unique technological solutions, lack of infrastructure in coastal areas. A comparative analysis of projects to develop land and shelf is performed. The regional authorities’ and businesses capability of implementing large-scale projects to develop offshore fields on economic, social and environmental criteria is identified. The positive and negative effects of socio-economic development of the territory implementing projects of hydrocarbon field development are evaluated. A schematic diagram of the socio-economic potential of hydrocarbon resources development projects reflecting the opportunities and risks of such projects from the perspective of key stakeholders is developed. A set of strategic objectives to successfully implement projects in the Arctic shelf of Russia are proposed. The findings of the research can be used by the departments of energy, industry and mineral resources in the preparation of long-term strategic development programs for the oil and gas industry.
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Date submitted2008-11-08
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Date accepted2009-01-16
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Date published2009-12-11
Public corporations – nationalization or an example of effective model of public-private partnership?
- Authors:
- S. A. Tertishnyi
This article is devoted to modern main stream of organization of state corporations in priority strategic of our industries, as a new form of public-private partnership at Russian economy. State corporations have a special legal status and allow the state to involve private business in capital–intensive or investments unattractive branches of economy. Around of process of creation of state corporations brisk polemic concerning their long-term efficiency and fields of activity is conducted. However in opinion of the Russian government of state corporation will allow to realize strategy of innovative and infrastructural break that will provide competitiveness of the domestic industry in the world market.