Foreign Experience of State Management of Raw Materials Industries and the Possibility of its Implementation in the Russian Federation in the Post-Covid Period

Dmitry Rodnyansky,Ivan Makarov,Vadim Kovrigin,Vladislav Nazarenko,Evgeniya Korotayeva

doi:10.1051/shsconf/20219305004

Abstract

In modern conditions, issues related to the effectiveness of the regulation of the oil industry by the state are becoming increasingly important. In January 2018, the World Economic Forum was held in Davos, which, in particular, noted the impact of the growth of protectionist trends in the global trade in hydrocarbons, and the impact of climate change on the planet on the export of hydrocarbons. As a result of the forum, the key ways of adjusting the policy of states in the relevant area were identified. At the same time, a significant number of states are already seeing the process of changing state regulation of the industry. In this article, the authors analyzed the systems of state regulation of the oil industry in different countries, and also gave assessments of the possibility of integrating new mechanisms into the system of sectoral management in Russia in the conditions of post-covid reality

Highlights

To characterize the state of the oil industry, as well as to forecast its development, indicators such as the level of production, reserves, the depth and volume of energy processing, as well as export / import indicators are used
The energy dependence of the Russian economy is confirmed by such indicators as the ratio of total exports of goods and exports of hydrocarbons to GDP
Serious attention in the literature is given to the fuel and energy complex

Summary

Introduction

To characterize the state of the oil industry, as well as to forecast its development, indicators such as the level of production, reserves, the depth and volume of energy processing, as well as export / import indicators are used. The oil industry is still the sphere on the development of which the revenue base of the federal budget largely depends. There was a slight change in the ratio of the share of oil and gas budget revenues in comparison with other sources, but this was largely due to a decrease in world prices for oil and oil products. As can be seen from the table, oil production, together with its refining, accounts for over 60% of all revenues (table 1)

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Conclusion