E3S Web Conf.
Volume 124, 2019International Scientific and Technical Conference Smart Energy Systems 2019 (SES-2019)
|Number of page(s)||3|
|Section||Economics and Energy Management|
|Published online||25 October 2019|
World and Russian fuel and energy market development perspectives and drivers
Financial University under the Government of the Russian Federation, Moscow, Russia
2 Ufa State Petroleum Technological University, Ufa, Russia
3 Educational Center for State Service of Employment of the Republic of Bashkortostan, Ufa, Russia
4 Financial University under the Government of the Russian Federation Ufa Branch, Ufa, Russia
* Corresponding author: firstname.lastname@example.org
The fuel and energy sector of the world economy and of Russia in particular is surviving heavy and high-speed transformations which inevitably will touch everyone. This article aims to analyze the modern tendencies of Russian worldwide natural resources perspectives of development and to understand the potential of economic drivers. Therefore, the current picture of oil and gas market for Russia and others countries was evaluated. Possible risks for Russian Federation including entrepreneurial difficulties were studied. Using econometric methods, the features influencing the amount of oil extracting were defined. The research allowed us to conclude that the major significant variable influencing oil extraction is “Well yield per day”. According to this result we may state the initiating of new oil fields is of great need in Russia.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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