title: Legal forms for attracting foreign investment into Russia’s oil and gas industries
metadata.name: dc.contributor.author
metadata.value: Korkina, Elizaveta E.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2019-07-04T19:56:24Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2019-07-04T19:56:24Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2019-07
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Korkina, Elizaveta E. 2019. “Legal forms for attracting foreign investment into Russia’s oil and gas industries”. Vestnik of Saint Petersburg University. Law 2: 274–292.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu14.2019.206
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15860
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article analyzes legal forms for attracting foreign investment for the development of hydrocarbon deposits and identifies their advantages and disadvantages.. The lack of domestic resources for investment necessitates attraction foreign direct investment itno the oil and gas industries, characterized by high capital intensity. However, subsoil users with foreign capital participation take serious risks during the geological subsoil investigation. The main factors behind the Russia’s energy sector stagnationare primarily the imperfections in Russian investment legislation and the absence of well-functioning contractual instruments protecting the interests of each participant in subsoil user legal relationships: the government, subsoil users, operators, and investors. The author analyzes foreign experiences in applying contractual instruments to attract foreign investment for developing oil and gas fields, and explores recent legislative initiatives designed to modernize Russian oil and gas legislation, including the draft federal law “On the peculiarities of joint activities in the subsoil use and on making changes into separate legislative acts of the Russian Federation”. To improve investment attractiveness of Russia’s energy sector, the author estimates new forms of investment agreements, proposes the introduction of amendments to the 1992 Subsoil Law concerning easing existing restrictions on admitting foreign companies to the development of offshore hydrocarbon fields, and to clarify the terminological basis of Russian oil and gas operating agreements to bring it into line with international standards.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Law;Volume 10; Issue 2
metadata.lang: -
metadata.name: dc.subject
metadata.value: mining partnership
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: joint operating agreement
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: joint investment agreement
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: oil and gas contract
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: foreign investments into oil and gas industry
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Legal forms for attracting foreign investment into Russia’s oil and gas industries
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 274-292.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15860/1/274-292.pdf
resources.format: Adobe PDF
resources.size: 672,62 kB