Kimelman
S.A. Up-Stream Industry Development: from the Soviet Epoch and
Through The
Period of Ttransition Economy.
The essay
is devoted to the role of petroleum endowment in Russian economy. It is
stated
that the discovery of the unique oil and gas deposits of Western
Siberia in
1960-1970 has determined the way of economic development of Soviet
Union and
turned the country into export-oriented profile. The most important
factors and
peculiar conditions of the up-stream industry development have been
identified
and discussed in the paper. Special consideration has been given to the
terms
of economic rent formation on petroleum deposits and its following
taking out
by means of the state taxation system. The analysis of a current
up-stream
taxation system and its influence on The State Stability Fund has been
provided.
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