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Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects

Year 2014, Volume: 19 Issue: 3, 61 - 80, 01.10.2014

Abstract

The article analyses the challenges that oiland-condensate production in Russia is currently facing. Russia still has enormous resource potential to produce oil and other liquid hydrocarbons for many years to come. However, the quality and attractiveness of resources are changing quite substantially and rapidly. To sustain a high level of production and export, Russia needs to develop new remote oil fields and deeper layers of existing ones. The high level of production requires much more investment than before and the use of new technologies. This strategy requires a new institutional regime and much better investment conditions for private players. To diminish rising risks, Russia is developing the Eastern route for supplying oil and hydrocarbons. Nonetheless, in the foreseeable future Europe will continue to be the main market for Russian exports of hydrocarbons as Russian oil companies own thirteen refineries across Europe , and all infrastructure is still oriented in this direction

References

  • Gadel Vakhitov, “Polveka otechestvennoy neftedobychi: ot vzleta k padeniyu” [“Fifty Years of Domestic Oil Production: From High to Low”] in Neft strany Sovetov (Problemy istorii neftyanoy promyshlennosti SSSR (1917-1991 gg)) [Soviet Union’s Oil (Problems in the History of Oil Industry in the USSR (1917–1991))], Moscow, Russian Academy of Natural Sciences, 2005.
  • John Grace, Russian Oil Supply - Performance and Prospects, Oxford, Oxford University Press, 2005.
  • Valeriy Kryukov. Institutsionalnaya struktura neftegazovogo sektora: problemy i napravleniya transformatsii [Institutional Structure of the Oil and Gas Sector: Problems and Directions for Transformation]. Novosibirsk: Institute of Economics and Industrial Engineering, 1998.
  • Yekaterina Kravchenko, “Sanksii SSA i ES mogut privesti k zakatu Rassiyskoy neftyanoy otrasli”[EU Sanctions Could Lead to Stagnation of the Russian Oil Industry], at http://www. vedomosti.ru/companies/news/32110451/neftyanoj-udar-po-byudzhetu#ixzz3CE4w4lTV (last visited 18 January 2015).
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  • Ministerstvo Finansov Rassiyskoy Federatsii [Ministry of Finance of the Russian Federa- tion], at www.minfin.ru/common/upload/library/.../main/ONBP_2015-2017.pdf (last visited 18 January 2015).
  • Tatneft, “Pavisheniye effektivnosti neftgazodibichi”[On Increase of Oil-and-Gas Produc- tion Efficiency] at http://www.tatneft.ru/proizvodstvo/razvedka-i-dobicha/povishenie-ef- fektivnosti-neftegazodobichi/?lang=ru (last visited 18 January 2015).
  • Denis Khramov, “Osnovnye zadachi gosudarstvennoy politiki v oblasti geologii i nedropolzovaniya” [“Main Challenges of State Policy in Geology and Subsoil Use”], Mineralnye resursy Rossii - ekonomika i upravlenie [Mineral Resources of Russia: Economics and Management], Vol. 1, (2013), pp. 6- 11.
  • Rosneft, “Obshie Svedinya”[General Data], at http://www.rosneft.ru/Upstream/Overview/ (last visited 18 January 2015).
  • Galina Starinskaya and Petr Kozlov, “Sechin predlojil Kitaya dolyu v vankorskom proyekte”[Sechin Proposed to China Shares of the Vankor Project], at http://www.vedomosti. ru/companies/news/32865731/v-rossii-dlya-kitaya-ogranichenij-net#ixzz3CE0vWoP7 (last visited 18 January 2015).
  • Galina Starinskaya, “Rosneft: Snizila dobichu nefti”[Rosneft Decreased Oil Produc- tion], at http://www.vedomosti.ru/companies/news/32919511/rosneft-snizhaet- dobychu#ixzz3CDz2zYKh (18 January 2015).
  • Yekaterina Kravchenko, “S&P: Uhudsheniye reytingov opasneye sanktsiy dlya Rossiyskih neftgazobih companiy”[S&P Decreasing Ratings are More Dangerous For the Russian Oil-and-Gas Production Compare of Sanctions], at http://www.vedomosti.ru/companies/ news/32442601/tek-bez-deneg-ne-prozhivet#ixzz3CE445Jjx (last visited 18 January 2015).
  • Valeriy Kryukov and Arild Moe, “Chapter 14. The Russian Oil Sector” and “Chapter 15. The Russian Oil Sector”, in The Oxford Handbook of The Russian Economy, Oxford, Oxford University Press, 2013.
  • “V aprele pastavki ‘Rosneft’ v Kitay viposli na 44.5%”[Rosneft Oil Deliveries to China During April Grow up 44,5%], at http://www.vedomosti.ru/companies/news/26214771/ v-aprele-postavki-rosnefti-v-kitaj-vyrosli-na-445#ixzz312FHFsSO (last visited 18 January 2015).
  • Galinya Starinskaya and Mihail Serov, “Rossiya ne smajet perenapravit pastavki nefti I gaza v Aziyu ranshe 2020 g”[For Russia not Possible to Reallocate Main Oil and Gas Exports to Asia Until 2020], at http://www.vedomosti.ru/companies/news/25830031/svyazannye- odnoj-truboj#ixzz312GLtuiQ (last visited 18 January 2015).
Year 2014, Volume: 19 Issue: 3, 61 - 80, 01.10.2014

Abstract

References

  • Gadel Vakhitov, “Polveka otechestvennoy neftedobychi: ot vzleta k padeniyu” [“Fifty Years of Domestic Oil Production: From High to Low”] in Neft strany Sovetov (Problemy istorii neftyanoy promyshlennosti SSSR (1917-1991 gg)) [Soviet Union’s Oil (Problems in the History of Oil Industry in the USSR (1917–1991))], Moscow, Russian Academy of Natural Sciences, 2005.
  • John Grace, Russian Oil Supply - Performance and Prospects, Oxford, Oxford University Press, 2005.
  • Valeriy Kryukov. Institutsionalnaya struktura neftegazovogo sektora: problemy i napravleniya transformatsii [Institutional Structure of the Oil and Gas Sector: Problems and Directions for Transformation]. Novosibirsk: Institute of Economics and Industrial Engineering, 1998.
  • Yekaterina Kravchenko, “Sanksii SSA i ES mogut privesti k zakatu Rassiyskoy neftyanoy otrasli”[EU Sanctions Could Lead to Stagnation of the Russian Oil Industry], at http://www. vedomosti.ru/companies/news/32110451/neftyanoj-udar-po-byudzhetu#ixzz3CE4w4lTV (last visited 18 January 2015).
  • Federalnaya Tamojennaya Slujeva, “Export-Import vajeneyshih tavarov za yaver-iyol 2014 goda” [Federal Customs Service, Export-Import of the Most Important Goods During 2014], at 2014-&catid=53:2011-01-24-16-29-43 (last visited 18 January 2015).
  • Ministerstvo Finansov Rassiyskoy Federatsii [Ministry of Finance of the Russian Federa- tion], at www.minfin.ru/common/upload/library/.../main/ONBP_2015-2017.pdf (last visited 18 January 2015).
  • Tatneft, “Pavisheniye effektivnosti neftgazodibichi”[On Increase of Oil-and-Gas Produc- tion Efficiency] at http://www.tatneft.ru/proizvodstvo/razvedka-i-dobicha/povishenie-ef- fektivnosti-neftegazodobichi/?lang=ru (last visited 18 January 2015).
  • Denis Khramov, “Osnovnye zadachi gosudarstvennoy politiki v oblasti geologii i nedropolzovaniya” [“Main Challenges of State Policy in Geology and Subsoil Use”], Mineralnye resursy Rossii - ekonomika i upravlenie [Mineral Resources of Russia: Economics and Management], Vol. 1, (2013), pp. 6- 11.
  • Rosneft, “Obshie Svedinya”[General Data], at http://www.rosneft.ru/Upstream/Overview/ (last visited 18 January 2015).
  • Galina Starinskaya and Petr Kozlov, “Sechin predlojil Kitaya dolyu v vankorskom proyekte”[Sechin Proposed to China Shares of the Vankor Project], at http://www.vedomosti. ru/companies/news/32865731/v-rossii-dlya-kitaya-ogranichenij-net#ixzz3CE0vWoP7 (last visited 18 January 2015).
  • Galina Starinskaya, “Rosneft: Snizila dobichu nefti”[Rosneft Decreased Oil Produc- tion], at http://www.vedomosti.ru/companies/news/32919511/rosneft-snizhaet- dobychu#ixzz3CDz2zYKh (18 January 2015).
  • Yekaterina Kravchenko, “S&P: Uhudsheniye reytingov opasneye sanktsiy dlya Rossiyskih neftgazobih companiy”[S&P Decreasing Ratings are More Dangerous For the Russian Oil-and-Gas Production Compare of Sanctions], at http://www.vedomosti.ru/companies/ news/32442601/tek-bez-deneg-ne-prozhivet#ixzz3CE445Jjx (last visited 18 January 2015).
  • Valeriy Kryukov and Arild Moe, “Chapter 14. The Russian Oil Sector” and “Chapter 15. The Russian Oil Sector”, in The Oxford Handbook of The Russian Economy, Oxford, Oxford University Press, 2013.
  • “V aprele pastavki ‘Rosneft’ v Kitay viposli na 44.5%”[Rosneft Oil Deliveries to China During April Grow up 44,5%], at http://www.vedomosti.ru/companies/news/26214771/ v-aprele-postavki-rosnefti-v-kitaj-vyrosli-na-445#ixzz312FHFsSO (last visited 18 January 2015).
  • Galinya Starinskaya and Mihail Serov, “Rossiya ne smajet perenapravit pastavki nefti I gaza v Aziyu ranshe 2020 g”[For Russia not Possible to Reallocate Main Oil and Gas Exports to Asia Until 2020], at http://www.vedomosti.ru/companies/news/25830031/svyazannye- odnoj-truboj#ixzz312GLtuiQ (last visited 18 January 2015).
There are 15 citations in total.

Details

Primary Language English
Journal Section Articles
Authors

Valeriy A Kryukov This is me

Publication Date October 1, 2014
Published in Issue Year 2014 Volume: 19 Issue: 3

Cite

APA Kryukov, V. A. (2014). Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects. PERCEPTIONS: Journal of International Affairs, 19(3), 61-80.
AMA Kryukov VA. Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects. PERCEPTIONS. October 2014;19(3):61-80.
Chicago Kryukov, Valeriy A. “Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects”. PERCEPTIONS: Journal of International Affairs 19, no. 3 (October 2014): 61-80.
EndNote Kryukov VA (October 1, 2014) Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects. PERCEPTIONS: Journal of International Affairs 19 3 61–80.
IEEE V. A. Kryukov, “Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects”, PERCEPTIONS, vol. 19, no. 3, pp. 61–80, 2014.
ISNAD Kryukov, Valeriy A. “Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects”. PERCEPTIONS: Journal of International Affairs 19/3 (October 2014), 61-80.
JAMA Kryukov VA. Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects. PERCEPTIONS. 2014;19:61–80.
MLA Kryukov, Valeriy A. “Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects”. PERCEPTIONS: Journal of International Affairs, vol. 19, no. 3, 2014, pp. 61-80.
Vancouver Kryukov VA. Mix of Russian Liquid Hydrocarbons: Reasons/Sources for Change and Further Prospects. PERCEPTIONS. 2014;19(3):61-80.