Oil and Gas Business Journal (russian version)  USPTU - Ufa State Petroleum Technological University, Russia  IPTER University of Miskolc, Hungary Oil and Gas Business Journal (english version) 
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Economics. Finances. Management

05.04.10, A.N. Goloskokov

OIL PRICE FORECAST AND PERSPECTIVES OF NEW PRICING MECHANISM FOR NATURAL GAS.
http://www.ogbus.ru/authors/Goloskokov/Goloskokov_3.pdf (in Russian)

At the present time natural gas is traded on market where gas prices set through different pricing mechanisms. Russian pipeline gas trades in Europe through pricing mechanism which index the gas price to oil or basket of oil products. Such mechanism is economically sound if supply and demand for gas and oil has similar trends. But for now, supply trends for oil and gas are clearly different, and similar in demand. This fact can be considered as precondition for new pricing mechanism. There are number of influential factors for this process, including perspectives of growth GTL and shale gas production. In conditions of further worldwide growth GTL and shale gas production, gas prices must be in certain range.

Keywords: oil and gas prices, resources supply, shale gas, GTL


28.03.10, Z.A. Maslennikova

IMPROVEMENT OF RUSSIAN OIL AND GAS ENTERPRISES VAT TAXATION MECHANISMS
http://www.ogbus.ru/eng/authors/Maslennikova/Maslennikova_1e.pdf
http://www.ogbus.ru/authors/Maslennikova/Maslennikova_1.pdf (in Russian)

Reasonable organization of taxation of modern industrial enterprise allows it to manage profitability fully and efficiently, and, in the final analysis, to increase the activity effectiveness. Legislation plays the leading role in a system of enterprise expenses control.
In this article, one of the central taxes was considered and a conclusion about necessity of further oil and gas industry taxation system reformation was drawn.

Keywords: oil and gas producing industry, taxation, economic approach, consumer price index


11.12.09, A.N. Goloskokov

APPROACHES TO THE DIFFERENTIATION OF TAXATION IN THE GAS INDUSTRY
http://www.ogbus.ru/authors/Goloskokov/Goloskokov_2.pdf (in Russian)

The paper considers approaches to the formation of flexible taxation in the gas industry. The problem of improving the gas industry taxation is urgent now because of the necessity of attracting investments and stimulating the development of "complex" fields as well as in connection with the plans of the Government of the Russian Federation to realize the principle of the equal profitability price to gas. At present in the world practice some approaches are used to form the flexible system of taxation including the industrial and economic approaches. Each of the approaches has its peculiarities, strong and weak aspects.

Keywords: gas industry, differentiation of taxation, flexible taxation, industrial approach, economic approach


15.10.09, A.N. Goloskokov

DIFFERENTIATION OF TAXATION AS THE MECHANISM OF CONTROLLING THE INVESTMENT ATTRACTION OF GAS INDUSTRY
http://www.ogbus.ru/authors/Goloskokov/Goloskokov_1.pdf (in Russian)

At present the gas industry taxation in Russia is undifferentiated, which is caused by the specific character of the gas industry of Russia and in many respects by low internal prices for natural gas. Within the next five years the Government of the Russian Federation plans to increase the internal prices for gas to the level, which will provide the equal profitability of gas supply to the domestic and foreign market. This, in turn, stipulates for the necessity of introducing the differential taxation, including the skimming of excess profit. For further development of the industry the flexible taxation should be considered not only as the mechanism of the excess profit skimming and budget increasing but also as the mechanism of controlling the investment attraction of the gas industry. The introduction of flexible taxation will tell directly on the investment attraction of the projects on gas fields' development depending on the approach and parameters of differentiation. With relation to the interests of the state and investors, in the case of small gas fields the economic approach to the differentiation of taxation is the optimal one. Differentiation of taxation as the mechanism of controlling the investment attraction of gas industry.

Keywords: gas industry, equal profitability price, differentiation of taxation, investment attraction, economic approach, R-factor


08.10.09, N.Y. Belyh

THE DEVELOPMENT OF INVESTMENT OIL MINING REGION STRATEGY
http://www.ogbus.ru/authors/Belyh/Belyh_2.pdf (in Russian)

The stable social and economic region development is connected with the choice of the investment strategy. The absence of efficient strategic planning instruments of the development and investment strategy has negative influence on the region strategic management. The new classification of portfolio and specific region investment development strategies are given in the article.

Keywords: the stable social and economic development, investment strategy, strategic planning instruments


23.09.09, N.Y. Belyh

THE CREATION OF DEVELOPMENT OIL MINING REGION STRATEGY
http://www.ogbus.ru/authors/Belyh/Belyh_1.pdf (in Russian)

The strategic management is very important for the insuring of the stable social and economic region's development. Factors of the region development strategy choice are analyzed in this article. Conditions of the efficient region industrial complex function are considered.

Keywords: the stable social and economic development, region strategy, region industrial complex.


23.04.09, M.A. Tsygankova

NETBACK PRICING AS A REMEDY FOR THE RUSSIAN GAS DEFICIT
http://www.ogbus.ru/eng/authors/Tsygankova/Tsygankova_1.pdf

This descriptive study discusses the effects of increases in domestic gas prices on the Russian gas market. Domestic natural gas prices have remained below their long-run marginal cost for more than a decade since Russia's movement toward a market economy in 1991. As a result, the ability of the Russian gas sector to meet future growing demand from domestic and foreign consumers has come under question. In an attempt to avoid gas shortages in the future, Russian government wishes to introduce netback pricing of natural gas after 2011. Netback pricing refers to the process of equalizing the gas price in Russia to the gas price in Europe after adjusting for export taxes, transportation costs, and transit tariffs. The paper concludes that netback pricing can help Russia to avoid a gas deficit. However, the gas supply in Russia will remain tight until 2011.

Keywords: Russia, Natural gas, netback price, supply shortage, deficit


07.02.09, A.N. Sarkar

GEO-POLITICS OF OILTRADING: SCANNING THE GLOBAL BUSINESS SCENE
http://www.ogbus.ru/eng/authors/Sarkar/Sarkar_1.pdf

Fossil fuels, such as oil and natural gas, meeting nearly 85% of the global energy demand, constitute the backbone of many petrochemical based and allied industries- prominently in energy, commercial, domestic and transport sectors. The demand for these resources is presently high from the developed economy; but the projected demand in the next decade is predicted to be higher from the developing economies, especially from BRIC's such as Brazil, Russia, India and China. The demand-supply equation has been artificially disrupted off-and-on by creating a divide across OPEC and Non-OPEC oil producing and exporting countries, which, in turn, are attributable to such factor as geo-politics, causing both trade distortions in one hand, regional and economic imbalances on the other. The paper highlights the various aspects and dimensions of geo-politics in oil-trading in the global business scene and seeks to suggest future strategies and options to minimize the negative impact of geo-politics on the global economy by resorting to certain positive policy interventions- both at the regional as well as global levels.


12.08.08, Shobhit Agrawal

HOW FUTURE CONSCIOUS ARE THE OIL CZARS?
http://www.ogbus.ru/eng/authors/ShobhitAgrawal/ShobhitAgrawal_1.pdf

This very article deals not only with the aspects in relation to oil preservation, policies taken up by the concerned government but also about how the various models of society dealt in with regards to oil preservation and how this problem now has taken a u-turn and how its gravity is increasing with every single hour and it's a general fact that complete loss of oil column is generally observed where the crest of the trap is bound by a typically large fault with high post rift displacements. The use of mineral oil for the preservation of species of Pseudomonas is described and a linkage has been drawn with the Energies of the G-8. The G-8's major and decisive role would be in locating on a priority basis other renewable energy sources that will reduce the fuel consumed by all sectors worldwide.
The developing countries can play a vital role by reducing their dependence on crude oil. Both the developing and the developed countries should encourage the use of non-conventional sources of energy, in all areas. More research and development is also required to make industry less dependent on petroleum products and to develop organic alternatives. A large part of this article deals with the aspects of "What we can do and how", focusing on the aspects of sustainable development and its use and also emphasis has been given to other aspects as to role of media, views of antagonists and protagonists and the author had tried to include the data also with regards to fall in production and rapid increase in consumption and also some ways are suggested to overcome this effect and various studies are also incorporated as economic worries, particularly about a slowdown in the United States, the world's largest oil consumer, is one reason the cartel may have agreed [can use as a cover excuse for holding] to hold output steady and also the result of US's consumption of oil has also been included. Much of the emphasis has also been laid down on OIL PEAK concept.
A comprehensive over view has been taken and the author had tried to cover all the important aspects felt to be relevant and had pointed out to a situation which will arise when there will still be plenty of oil flowing in 2020; it just won't be anywhere near enough to satisfy world demand, and as such will be too expensive for many of us to continue to use in the same amounts that we do today. The time to start preparing for a low-energy economy is now.


07.07.08, Mansoor Hamood Al-Harthy

MOTIVATION: A CHALLENGE FOR OIL AND GAS COMPANIES. AN OMANI CASE STUDY
http://www.ogbus.ru/eng/authors/Al-Harthy/Al-Harthy_1.pdf

Recently lots of oil and gas companies have lost many of their employees to their competitors. A shortage of labor skills has emerged in the oil and gas industry. As a consequence of this shortage retaining top performance employees is becoming a major concern for many oil and gas companies. Retention can not be achieved without motivation. This paper addresses the question of what motivates employees in the oil and gas industry? A premium Oman based Oil Company as a case study is investigated. Results show that main factors that motivate employees in this company are good performance appraisal, recognition, empowerment and good supervision style. This study concludes that although money is important in a competitive market environment; however non-monetary factors also play a major role in motivating oil and gas employees than monetary factors.


16.05.08, Adeel Ahmad, Mithilesh Kumar Jha

STATUS OF PETROLEUM SECTOR IN PAKISTAN - A REVIEW
http://www.ogbus.ru/eng/authors/AdeelAhmad/AdeelAhmad_1.pdf

Pakistan economy is growing steadily. This growth demands higher energy consumption and consequently putting high pressure on countries economy. Pakistan mainly depends upon oil and gas resources to fulfil energy requirements .Indigenous resources of Oil are not enough to quench energy thirst of the growing economy. As a result Pakistan has to import large quantity of oil and oil based products from Middle East countries. Gas reserves in the country are enough for current gas requirements. So natural gas is playing a key role in power sector. Currently in oil upstream and down stream sector there are some local and international companies involved and government of Pakistan is establishing such policies that it can attract more international investors in this sector but the rapid pace of change, high degree of uncertainty and unstable political situation of the country present significant challenges and risk to foreign investment .Objective of this paper to highlight the present status of petroleum industry in Pakistan and its future prospects keeping in view the internal fluid situation and geo political condition of the region.


30.04.08, V.E. Bugera

ECONOMICAL PREMISES OF THE THIRD DIVISION OF THE WORLD
http://www.ogbus.ru/authors/Bugera/Bugera_3.pdf (in Russian)

We have analyzed real histories of gas production from two gas fields of the Russian North with particular attention to the possibilities of hydrate formation in the bottom-hole zones of gas wells. The simulation of the cases has been used to find out the effects of the fields parameters, particularly initial pressure and temperature and gas mixtures composition. The corresponding mathematical model is based on the theory of non-isothermal multiphase flow in porous media with mass exchange between gas, water and hydrate. It includes a method of calculation of gas hydrate equilibrium conditions for a given gas mixture.


11.04.08, Gbadebo Olusegun Odularu

CRUDE OIL AND THE NIGERIAN ECONOMIC PERFORMANCE
http://www.ogbus.ru/eng/authors/Odularo/Odularo_1.pdf

For the past three decades, crude oil has been a major source of revenue, energy and foreign exchange for the Nigerian economy. Against this background, this paper analyses the relationship between the crude oil sector and the Nigerian economic performance. Using the Ordinary Least Square regression method, the study reveals that crude oil consumption and export have contributed to the improvement of the Nigerian economy. However, one of the recommendations of the study is that government should implement policies that would encourage the private sector to participate actively in the crude oil sector.


25.07.07, A.M. Rogacheva, V.A. Bataron

THE ANALYSIS OF VARIANTS OF REFORMING OF SYSTEM OF THE TAXATION OF OIL-AND-GAS SECTOR OF RUSSIA
http://www.ogbus.ru/authors/Rogacheva/Rogacheva_1.pdf (in Russian)

In the article there are considered possible variants of the further reforming of system of the taxation of oil-and-gas sector and drawn conclusions on necessity of construction the rent-focused tax system.


05.07.07, E.S. Dokuchaev, A.M. Rogacheva, E.V. Evtushenko

THE FORECASTING OF THE WORLD OIL PRICE BY SUMMING UP LINEAR TREND AND PERIODIC FUNCTIONS
http://www.ogbus.ru/eng/authors/Dokuchaev/Dokuchaev_2.pdf

The article discuss the analysis of factors forming the world price for oil, the existing methods of forecasting have been considered, the model of forecasting the world oil price, the amounts of the linear trend and periodic functions have been offered on the basis of the theory of business cycles, restrictions on its use have been given grounds for.


15.06.07, O.V. Kadysheva

FROM RESOURCES-BASED RUSSIAN ECONOMY TO TECHNOLOGY-ORIENTED ONE: THE FACTOR OF OIL SERVICES
http://www.ogbus.ru/authors/Kadysheva/Kadysheva_1.pdf (in Russian)

The article gives an overview of current situation and key tendencies of oilfield services market in Russia. It is stated that oilfield services market development can contribute to technological growth of Russian economy. Norway experience in this sphere is studied. The author gives a survey of main companies operation in the Russian oilfield services market. The analysis of successful performance of INTEGRA company is carried out. The project of creating National Service company is examined.


13.06.07, Y.V. Vaganov, G.P. Zozulya, A.V. Kustyshev, V.V. Dmitruk, N.V. Rakhimov, V.B. Obidnov

PROBLEMS, PERSPECTIVES AND PRESENT OF THE SERVICE TECHNOLOGIES IN THE WORKOVER IN OIL AND GAS INDUSTRY
http://www.ogbus.ru/authors/Vaganov/Vaganov_1.pdf (in Russian)

To raise the coefficient of oil extraction is the most important problem of oil industry as well as Russia and abroad. That is why to create new technologies of oil extraction both in new and old oilfields is prospective trend.
Today the word leaders in development of technologies and equipment of oil and gas services are USA, Russia and China. These countries produce the great variety of oil and gas equipment, hardware and technologies and have the biggest intellectual reserve for doing complex work from search and prospecting of oilfields to liquidation of fields. So, studying foreign and native experience of service in oil and gas extractive industry is the urgent issue.


30.05.07, L.N. Rodionova, L.R. Abdullina

STEADY DEVELOPMENT OF INDUSTRIAL ENTERPRISES: TERMS AND DEFINITIONS
http://www.ogbus.ru/authors/Rodionova/Rodionova_5.pdf (in Russian)

The contents of the main categories, such as "stability" and "steady development" in the frames of general systems theory are discussed in this article, taking into account modern situations caused by the necessity of Russia's entrance in WTO and globalization of economic communications.


06.03.07, O.V. Afanasyeva

METHODIC FUNDAMENTALS DEVELOPMENT OF INDUSTRIAL ECOLOGICAL RISK INSURANCE EFFICIENCY ESTIMATION
http://www.ogbus.ru/authors/Afanasjeva/Afanasjeva_1.pdf (in Russian)

The article deals with the industrial ecological risk factors of oil and gas extraction enterprises. The major methods off efficiency insurance risk determination from the insurer/s position were analyzed. It was proposed the complex estimated criteria with qualitative and quantitative characteristics registration of separate proprietor subject and insurer interaction stages.


28.02.07, Muhammad Sani Salisu, Semen Y. Yagudin

INVESTMENTS AND VERTICAL INTEGRATION - CATALYST FOR DEVELOPMENT IN THE OIL INDUSTRY OF AN EMERGING MARKET: THE CASE OF REFINING IN KUWAIT
http://www.ogbus.ru/authors/Salisu/Salisu_1.pdf

This paper explores the possibilities of investment in the oil sector of a developing market and elaborated the advantage of vertical integration in a market where secondary raw materials are in shortage. I study a detailed of investment appeals and values that matters in investing. I argued that relevant business plans, based on vertical integration would create opportunity for FDI investment in Kuwait, where industrial development has always been faced by formidable obstacles including poor resources, which limits the manufacturing industries. I document that investors, are more selective in choosing company to invest in, mostly influenced by on values which are in no way in direct relationships with the financial performance. I hypothesize that this selection is caused by the modern market trend, where changes is the order of the day and competitiveness, R&D and excellent management strategy are important to adapt to these continuous changes. In line with this hypothesis, I document that to address the problem of labor force, necessary intellectual assets plans need to be researched; this I argue can help provided an avenue for expansion and greater productivity or profitability, thereby appealing for more FDI in Kuwait.


09.02.07, O.V. Volobuyeva

OPTIMUM EMPLOYMENT OF OIL AND GAS FUEL RESOURCES TAKING INTO ACCOUNT METEOROLOGICAL INFORMATION IN FUEL-ENERGY TRADE OF BASHKORTOSTAN REPUBLIC
http://www.ogbus.ru/authors/Volobueva/Volobueva_1.pdf (in Russian)

In the process of economical activity enterprise resources occupy one of the central places; therefore the question of resource economy is very pressing now.
Fuel-energy resources conservation including oil and gas is one of the main conditions of successful problem solving of economic rearrangement and fuel-energy complex development. Along with reconstruction and technological reequipment of acting enterprises and heat and power plants optimum employment of climate and weather information in an effort to improve standardized raw materials consumption, fuel, energy and materials receives special significance.


10.01.07, D.N. Ramazanov

ESTIMATION OF ECONOMIC AND GEOLOGICAL UNCERTAINTIES OF ENHANCED OIL RECOVERY PROJECTS
http://www.ogbus.ru/eng/authors/RamazanovDN/RamazanovDN_1e.pdf(in English)
http://www.ogbus.ru/authors/RamazanovDN/RamazanovDN_1.pdf (in Russian)

For accounting economic and geological uncertainties to efficiency of enhanced oil recovery (EOR) projects is offered to use Latin Hypercube simulation method and density distributions of input economic and geological factors. Results of imitating modeling is shown the total uncertainty of EOR project is not the sum of economic and geological uncertainties separately and for planning of EOR project efficiency to use a median of NPV iteration results.


08.12.06, N.N. Novoselova, N.N. Mosintsev

STRATEGICAL ASPECTS OF INVESTMENT POLITICS IN FUEL ENERGETIC COMPLEX
http://www.ogbus.ru/authors/NovoselovaNN/NovoselovaNN_1.pdf (in Russian)

This article gives the analysis of investments which determine the decision of the complex of problems of the progress of the country, development on modern lines of economics and achievement of economic growth and high competitive ability of native fuel energetic complex. We examined the role and picked out the main aims of state regulation of investment politics of fuel energetic complex of Russian Federation under the conditions of globalization.


07.12.06, Yu.V. Obukhova

MERGERS AND ACQUISITIONS ON ENERGY MARKETS OF EUROPE
http://www.ogbus.ru/authors/Obukhova/Obukhova_1.pdf (in Russian)

After several years of economic recession and stagnation world markets finally began to make a move after the latest blow attempted to regain their footing and to demonstrate the essential results in field of mergers and acquisitions. A special attention is paid to the so called trans-border mergers and acquisitions. E.ON - one of the biggest energy concerns of Western Europe takes an active part in this process. The company places it's bets on acquisition of assets abroad and expectes not only financial but also political profits from it.


22.11.06, P.N. Parmuzin

THE ORGANIZATIONAL-ECONOMIC MECHANISM OF REALIZATION OF THE COAL MINE DEGASSING PROJECT
http://www.ogbus.ru/authors/Parmuzin/Parmuzin_1.pdf (in Russian)

The acceptance of the investment project in the field of coal mine degassing in market economy should be carried out from the point of its economic feasibility for each participant; therefore the correct choice of the organizational-economic mechanism of realization of the coal mine degassing project is very important in accordance with the peculiarities of the given branch.
It is offered two variants of the organizational-economic mechanism of realization of the coal mine degassing project. The choice of one of them should be economically justified due to suggested criteria.


25.10.06, V.A. Naumov

COST-PERFORMANCE OF THE CREATION OF CLUSTER FORMATION IN OILGAS REGION
http://www.ogbus.ru/authors/Naumov/Naumov_1.pdf (in Russian)

In clause the estimation to efficiency of the creation and operating the cluster formation is founded on the following generalized criteria's: production structure, source potential, investment activity, economic factors of cluster. Brought above factors were used for estimation of efficiency of the creation and operation mineral-raw materials cluster formation in Hanty-Mansy region - Yugra.


18.10.06, A.A. Sannikov

METHODICAL ASPECTS OF FORMING THE ESTIMATION CRITERION OF STRATEGY OF DEVELOPMENT FOR THE OIL AND GAS EXTRACTION COMPANIES
http://www.ogbus.ru/authors/SannikovAA/SannikovAA_1.pdf (in Russian)

Development and substantiation of the scientific - methodological approach to a choice of an estimation criterion of strategy of development for the oil and gas extraction companies, which maintain deposits with various conditions of exploitation.
The following basic results are received:
- the role and place of an internal fundamental cost estimation in the general system of strategy of the oil and gas extraction company are determined, that allows to increase validity of accepted administrative decisions;
- the constructed algorithm about an order of internal fundamental cost estimation of the oil and gas extraction company allows to systematize process of an estimation and to take into account the economic potential and the major factors influencing to the cost of the company;
- classification of the external and internal environment factors is offered, that influence change of internal fundamental cost of the oil and gas extraction company which allow to rank them using methods of an estimation of risks according to the importance of influence on cost, and optimize results of an estimation;
- it is offered to take into account influence of the economic potential at an cost estimation of the oil and gas extraction company, that allows to estimate prospects of development of the company and to reveal reserves of the proved market cost increase;
- on the basis of the constructed algorithm the technique of an internal fundamental cost estimation oil and gas extraction company is developed, which allows to take into account factors depending on the purpose of estimation.


07.10.06, Samuel R. Schubert

REVISITING THE OIL CURSE: ARE OIL RICH NATIONS REALLY DOOMED TO AUTOCRACY AND INEQUALITY?
http://www.ogbus.ru/eng/authors/Schubert/Schubert_1.pdf




14.09.06, D.R. Musina

THE PROBLEM OF GEOLOGICAL SEARCHING WORKS FINANCE IN THE OIL AND GAS INDUSTRY
http://www.ogbus.ru/authors/Musina/Musina_2.pdf (in Russian)

The possibility of the mutualitical insurance companies method usage in geological searching are investigated on the Lukoil's example. Four variances of geological searching works finance are elaborated. Five schemes of mutualitical insurance method are presented. Mutualitical insurance method usage is profitable for stocks revealed companies and not losing for stocks unrevealed companies. Besides the economized monies can be directed for geological searching works conducting on two additional areas. The method usage allow to decrease the specific expenditures to 60 per cents.


28.08.06, Irma Glinz, Idalia Flores

CAPITAL BUDGETING MODEL FOR PEMEX EXPLORACION Y PRODUCCION
http://www.ogbus.ru/eng/authors/Glinz/Glinz_1.pdf

This document gives a panoramic vision of PEMEX in general and PEMEX Exploracion y Produccion (PEP) in particular; analyzes the behavior of its investments and its oil potential, which finally constitutes the justification for the "Capital budgeting model" that PEP successfully employs. This model is an application of Optimization Techniques and, specifically, Binary Integer Programming.


22.08.06, A. Silvanskiy

REGULATION OF REPRODUCTION OF OIL RESOURCES THROUGH THE COUNT OF ITS VALUE
http://www.ogbus.ru/authors/Silvanskiy/Silvanskiy_1.pdf (in Russian)

In this article the author suggests to the determination perfections of oil resources reproduction through its value, fixation the national share of the development expenditures in advance using the expected value resources. Considering ways of regulation of marginal balances between extracting oil and oil resources under the conditions of regular payments for bowels development and providing economical benefits of the new territories of oil extracting for all the participants.


18.08.06, I.V. Andronova, E.L. Chizhevskaya

DEVELOPMENT STRATEGIES EFFICIENT IN RESOURCES: THE INTERACTION OF OIL CORPORATIONS WITH THE REGION
http://www.ogbus.ru/authors/Andronova/Andronova_1.pdf (in Russian)

In the article the examined the organization mechanism of realization of the strategy of managing the territory development from the position of getting the efficience of the usage of its crude potential. The authors suggest the sceme of providing the interrection of corporative and regional development standarts with the realization of main directions of regional economic policy.


11.07.06, A.R. Gapsalamov

FORMATION OF STRUCTURAL DISPROPORTIONS IN RUSSIAN ECONOMICS IN THE LATTER HALF OF THE XX-TH CENTURY (BASED ON THE MATERIAL OF TATARSTAN).
http://www.ogbus.ru/authors/Gapsalamov/Gapsalamov_1.pdf (in Russian)

Scientific and technological revolution started in the latter half of the XX-th century brought the world leading countries to the progress in the national economy brunch pattern. The Soviet Union was also touched by those processes. But if in the West those changes affected nearly all economic brunches then in the USSR there were only a number of those priorities. In this respect it will be a great deal of interest to see structural contradictions formation based on the rapid growth of petroleum and petrochemical industries in the Republic of Tatarstan.


19.06.06, V. Biryukova

MECHANISM OF DEVELOPMENT, OPTIMIZATION AND MANAGEMENT INCREASING EFFICIENCY OIL AND GAS PRODUCTION PROGRAM
http://www.ogbus.ru/authors/Biryukova/Biryukova_1.pdf (in Russian)

Offered methodology to forming increasing efficiency oil and gas production programs in contrast to existing one include system of management increasing efficiency oil and gas production programs and algorithm of forming programs, economical-mathematical methods, which help to take into account strategic and tactic goals of enterprise development in exploitation of oil and gas fields being on mature phase.


14.12.04, D.Yu. Kordunov, S. Ya. Bityutsky

FORECASTING OF MARKET CONDITION OIL-CHEMICAL OF THE ENTERPRISES
http://www.ogbus.ru/authors/Kordunov/Kordunov_1.pdf (in Russian)

The new approach to forecasting market condition of petrochemical production based on application of the filter Calmans is considered. The given approach allows considerably to raise(increase) accuracy of the forecast in conditions of irregular receipt of the information about a condition of the market.


08.08.03, Andrew McKillop

PRICE SIGNALS OR CHEAP OIL NOISE?
http://www.ogbus.com/eng/authors/McKillop/McKillop_1.pdf

While the long-term perspective for large increases of oil and gas output, at reasonable prices and in timely fashion relative to demand is for the least debatable, the near-term context is surely one in which the price and demand factors are primoridial.
In fact, we are now in a period of rising oil (and gas) prices not only due to "demand shock", but also to declining supluses of export capacity, geopolitical impacts of US-UK military action in Iraq, and the economy and energy industry sequels of underpriced energy for so many years


22.07.03, Csete J.

GLOBAL TRADE PROSPECTS IN NATURAL GAS
http://www.ogbus.com/eng/authors/Csete/Csete_1.pdf

The author give a survey on the prospects of the natural gas trade on a basis of international databases. Not only the production and the consumption data of natural gas are presented but the global export import and reserves data as well. The P/R ratio at natural gas longer then sixty years so the natural gas will play a significant role in energetics in the decades coming.


11.12.2001, S. Pashin

INSURANCE OF INVESTMENT RISKS IN THE TRANSNATIONAL COMPANIES
http://www.ogbus.com/eng/authors/Pashin/insurance.pdf

Classification of investment risks is developed, parameter of measurement of a level of investment risk is offered, variants of insurance of risks in the transitional companies (ÒNC) are considered.


11.12.2001, R.F. Ismagilov

STRATEGIC PROBLEMS OF THE PETROLEUM INDUSTRY OF REPUBLIC BASHKORTOSTAN
http://www.ogbus.com/eng/authors/Ismagilov/strategice.pdf

In the article the system analysis of activity of the petroleum companies of republic Bashkortostan is carried out on the basis of the concept of vertically-integrated petroleum companies, legal aspects of functioning of the petroleum companies of Bashkiria are considered, the strategic potential of a petroleum complex of republic is appreciated, strategic alternatives of development of the petroleum companies of Bashkortostan are put forward.


11.12.2001, L. Rodionova, S. Murtasin

REGIONAL FINANCIAL-INDUSTRIAL GROUPS - AS A GEAR OF REALISATION OF INNOVATIONAL STRATEGY
http://www.ogbus.com/eng/authors/Murtasin/regional.pdf

There is investigated a opportunity of realisation of innovation strategy of branches and region - as bases for choice ad ranking of the investment projects - through creation and functioning of regional financial-industrial groups.


11.12.2001, F. Ma'dai

AN OVERVIEW OF THE FOREIGN EXPLORATION AND DEVELOPMENT CONTRACTS OF THE HUNGARIAN OIL COMPANY FROM THE ASPECT OF TAXATION
http://www.ogbus.com/eng/authors/Madai/anoverview.pdf
Additional downloads: Table of summary of some fiscal indexes for the examined countries.
The Hungarian Oil and Gas Company (MOL), the partially state- owned successor of the Oil an Gas Trust, has an accumulated experience, good staff and equipment-park for oil production. The MOL is one of the largest among the Hungarian companies and it is the only integrated oil company of central-east Europe. Hungarian fields has become matured in the last decade. To compensate the production decrease, and to use effectively the accumulated expertise, MOL is getting to spend $432 million for foreign exploration and development in next five years to explore medium- size, low-risk fields. MOL’s first agreement was signed in 1991 with the Tunisian State Oil Company, and the most recent one with Pakistan is dated by 11 February 1999. The MOL has exploration agreements with Yemen, Syria, Egypt, Qatar, Greece and Albania as well.
This paper examines the petroleum fiscal conditions of the above listed countries with purposes, how do these regimes reflect the aims of these countries in developing their hydrocarbon resources, as well as how do these regimes fit MOL’s strategy?


 




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