Analysis of Oil Production and Export Dynamics in Russia

Abstract

AbstractThis statistical analysis covers the period of several years marked by instability of the processes which took place in the Russian oil industry. Devising an informational and analytical tool for the study of the processes under consideration is vital for effective measures and the adoption of effective managerial decisions at various levels to ensure the positive socio-economic development of the Russian Federation. The aim of this study is the dynamic processes of the oil production and export. The originality of the study is focused on the informational and methodological approach, which made it possible to establish three stages of dynamic development of the extractive industry on the basis of a content analysis of oil production and export indicators and an assessment of the processes of their dynamics in Russia. This approach revealed the impact of extensive and intensive factors on the change in oil export revenues by means of general absolute and relative indicators application and the index factor analysis method. On the basis of indicators of structural differences of time series presented, analysis of changes in export structure to foreign and neighbouring countries was carried out. The results of the study can serve as a solid framework for development of a mechanism of effective management decision-making at the federal and regional levels that ensure sustainable socio-economic development aimed at improving the level and quality of life of Russian citizens.KeywordsExport revenues analysisExport structure changePeriodization of processesOil production and export