ISSN 1999-6942

Scientific-economic journal

PROBLEMS OF ECONOMICS

AND MANAGEMENT OF OIL AND GAS COMPLEX

February 2019                          ¹ 2(170)                       12 issues per year

 

CONTENÒS

 

STRATEGY

 

Krasnova L.N., Garanina V.P. Structural changes of the sources of the federal budget revenues generation (p. 5‑9)

 

ECONOMICS

 

Ponomareva I.A., Bogatkina Yu.G., Eremin N.A., Lyndin V.N. A methodology of standards formation of capital investments in oil and gas investment projects (p. 10‑15)

 

Idigova L.M., Khadzhieva M.M., Chaplayev H.G., Dudaev R.R. Some results of privatization of the state unitary enterprises in the Chechen Republic for the period of 2013–2018 (p. 16‑21)

 

Safina D.I., Akhmetzyanova G.R., Krasnova L.N. The impact of the vat rate increase on the tax burden of "Aznakaevskneft" oil and gas production department (p. 22‑24)

 

ORGANIZATION AND MANAGEMENT

 

Andreev A.F., Sinelnikov A.A., Buliskeriya G.N. Organizational and technological priorities for implementation of oil and gas projects (Part 1) (p. 25‑29)

 

Krukhmaleva Ya.S. Information security of integrated management systems for complex industrial objects in Russian industrial companies (on the example of PJSC "Gazprom") (p. 30‑33)

 

Srebrodolskaya M.A., Zazovskaya N.M. Domestic experience analysis when assessing the industry demand in human resourses (p. 34‑41)

 

Zhuravlev I.V. The market of energy services in Russia: main trends, prospects and risks (p. 42‑45)

 

WORLD OIL AND GAS BUSINESS

 

Milovidov K.N. Global investment in "upstream" oil and gas sector (p. 46‑54)

 

 

Information on the articles

 

UDC 336.14          DOI: 10.33285/1999-6942-2019-2(170)-5-9

 

STRUCTURAL CHANGES OF THE SOURCES
OF THE FEDERAL BUDGET REVENUES GENERATION (p. 5)

 

Lidia Nikolayevna Krasnova, Cand. ofeconomic sci., professor,

Violetta Rustamovna Garanina, bachelor's degree

 

Almetyevsk State Oil Institute (ASOI)

2, Lenina str., Almetyevsk, 423450, Tatarstan, Russian Federation,

e-mail: violettarustamovna@gmail.ru

 

Analysis of the budget revenues structure, identification of factors influencing it is explained by the need to minimize macroeconomic risks in conditions of the current unstable geopolitical situation in the world. Thus, the budget revenues volatility, particularly, oil and gas revenues, becomes extremely relevant.

This article determines the revenues structural changes of the RF Federal Budget over the period of 2012–2017, compares the main revenue items of the budget as well as identifies the factors that had the greatest influence on the change in its structure. The influence of major external economic factors, such as changes of oil prices, exports and imports volumes as well as the government regulation impact, including the mechanisms aimed at reduction of the Russian economy dependence on the oil and gas industry are considered.

The article used information of the Federal Treasury, the Ministry of Finance of the Russian Federation, the Federal State Statistics Service.

 

Keywords: federal budget; federal budget revenues; revenues structure of the federal budget; oil and gas revenues; non-oil revenues; taxes; mineral production tax MPT; VAT; excise taxes; oil price.

 

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UDC 338.45:622.276          DOI: 10.33285/1999-6942-2019-2(170)-10-15

 

A METHODOLOGY OF STANDARDS FORMATION OF CAPITAL INVESTMENTS
IN OIL AND GAS INVESTMENT PROJECTS (p. 10)

 

Irina Alexandrovna Ponomareva, Dr. of economic sci., chief researcher of the Analytical Center of Scientific-Technical Forecast of Oil and Gas Industry,

Yulia Gennadievna Bogatkina, Cand. of economic sci., Chief researcher of the Analytical Center of Scientific-Technical Forecast of Oil and Gas Industry,

Nikolay Alexandrovich Eremin, Dr. of economic sci., professor, chief researcher of the Analytical Center of Scientific-Technical Forecast of Oil and Gas Industry

 

Oil and Gas Research Institute Russian Academy of Sciences (IPNG RAS)

3, Gubkin str., Moscow, 119333, Russian Federation,

e-mail: ubgt@mail.ru, ermn@mail.ru

 

Viktor Nikolaevich Lyndin, Cand. of economic sci., assistant professor of the "Economics of Oil and Gas Industry" Department

 

National University of Oil and Gas "Gubkin University"

65, Leninsky prosp., Moscow, 119991, Russian Federation

 

The article presents a methodical approach to the formation of capital investments standards by the stages of fields development projecting in investment projects, which provides a quantitative relationship between geological-technological solutions for options, directions and cost elements into a field development with account of oil and gas production characteristics.

It is very important that the proposed approach to the formation of differentiated specific standards of capital costs when evaluating oil and gas investment projects contributes not only to improving the future investments reliability, but also provides a more reliable choice of optimal options, herewith, reducing project-financial risk.

 

Keywords: economic standards; investment project; oil field; forecast estimates; economic methodology.

 

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UDC 338.45.01          DOI: 10.33285/1999-6942-2019-2(170)-16-21

 

SOME RESULTS OF PRIVATIZATION OF THE STATE UNITARY ENTERPRISES
IN THE CHECHEN REPUBLIC FOR THE PERIOD OF 2013–2018 (p. 16)

 

Lalita Musaevna Idigova1, 2, Dr. of economic sci., Professor, Management Department,

Maryam Mauldynovna Khadzhieva3, Cand. of economic sci., assistant professor, Chief researcher,

Husein Gelanievich Chaplaev4, post-graduate student, Department of Economics and Management in Education,

Rustam Ramzanovich Dudaev2, post-graduate student, Laboratory of Economic Researches

 

1 The Chechen State University

32, A. Sheripov str., Grozny, 364051, the Chechen Republic , Russian Federation,

e-mail: L.idigova@mail.ru

 

2 Ibragimov Comprehensive Research Institute, Russian Academy of Sciences

21A, Staropromyslovskoye shosse, Grozny, 364051, the Chechen Republic, Russian Federation,

e-mail: L.idigova@mail.ru

 

3 AGI the Chechen Republic Academy of Sciences

13, Revolyutsia prosp., Grozny, 364024, the Chechen Republic, Russian Federation,

e-mail: L.idigova@mail.ru

 

4 Chechen State Pedagogical University

33, Kievskaya str., Grozny, 364051, the Chechen Republic, Russian Federation,

e-mail: L.idigova@mail.ru

 

This paper summarizes some results of the state-owned unitary enterprises privatization in the Chechen Republic for the period of 2013–2018. It was noted that the essence of privatization is to change the form of ownership and the subject of the property ownership right, transfer of the state property into the ownership of the citizens and legal entities, that is, into private ownership. Thus, according to the authors’ opinion, a layer of new owners is formed, and the state is released from the costs spent on the maintenance and management of inefficient production. The transfer of the right must be registered. Until the state registration completion, privatization is not considered to be held.

The formation of the Chechen Republic efficient economy is possible only in case of availability of dynamically developing business entities of various ownership competing for consumers. In this regard, the task of privatization of hundreds of unprofitable or ineffective state unitary enterprises, state-owned enterprises and state institutions is extremely relevant in the Republic.

 

Keywords: privatization; state unitary enterprises; private property; the Chechen Republic.

 

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UDC 336.2          DOI: 10.33285/1999-6942-2019-2(170)-22-24

 

THE IMPACT OF THE VAT RATE INCREASE ON THE TAX BURDEN
OF "AZNAKAEVSKNEFT" OIL AND GAS PRODUCTION DEPARTMENT (p. 22)

 

Dilyara Ilnurovna Safina, student,

Guzel Rinatovna Akhmetzyanova, student,

Lidiya Nikolaevna Krasnova, Cand. of economic sci., Professor

 

Almetyevsk State Oil Institute

2, Lenin str., Almetyevsk, 423450, Tatarstan, Russian Federation,

e-mail: dilyara-safina97@mail.ru

 

Currently, the increase of the value-added tax (VAT) rate is very relevant. The rate expects a 18–20 % increase from 2019. The paper reveals the essence of the value added tax (VAT), defines its role in the state budget, calculates the amount of payment to the budget, VAT rates with the identification of their negative sides. The situation of the tax rate increase is analyzed on the example of an arbitrary product. It is shown how exactly the 2 % increase of the tax rate will affect final consumers. The relationship between the tax rate increase and the inflation formation has been revealed, the range of VAT contribution to inflation has been estimated with account of the factors totality. The experts’ opinions on this situation are given. The tax situation is modeled on the example of the structural subdivision of PJSC "Tatneft" "Aznakaevskneft" Oil and Gas Production Department. An economic-mathematical analysis of the financial indicators of oil and gas management is given. The corresponding conclusions of the article, for visual representation, are illustrated in figures and tables.

 

Keywords: VAT; VAT rate; state budget; draft bill; contributions; discount rate; inflation; financial indicators; tax burden.

 

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UDC 658          DOI: 10.33285/1999-6942-2019-2(170)-25-29

 

ORGANIZATIONAL AND TECHNOLOGICAL PRIORITIES
FOR IMPLEMENTATION OF OIL AND GAS PROJECTS (Part 1) (p. 25)

 

Alexander Fedorovich Andreev, Dr. of economic sci., Professor,

Alexander Alexandrovich Sinelnikov, Dr. of economic sci., Professor,

Gvantsa Nugzarovna Buliskeriya, Cand. of economic sci., assistant professor

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: buliskeriya.gn@gubkin.ru

 

The article is devoted to the management of the implementation of capital-intensive investment projects at the level of vertically integrated oil and gas companies. Currently, the restructuring of production continues in the Russian oil and gas industry. The activity in the search and production of oil and gas is being intensified. Increasing attention is focused on accelerating the advancement of new production and information technologies. A corresponding innovative and engineering environment is being formed, supporting production and project activities. The most successful are those enterprises that best conduct work on the assessment, selection and implementation of organizational and technological priorities. The corresponding information and analytical tools should be based on models adapted to the specific characteristics and strategies of each enterprise, with the involvement of new schemes and criteria for preparing and implementing solutions. The purpose of the study: the formulation and solution of a scientific problem related to improving the efficiency and effectiveness of the process of preparing solutions for the creation and acquisition of new technologies, technical means and equipment in oil production.

 

Keywords: oil and gas projects; new technological priorities; simulation modeling; matrix approach; insourcing; outsourcing; options effectiveness.

 

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UDC 338          DOI: 10.33285/1999-6942-2019-2(170)-30-33

 

INFORMATION SECURITY OF INTEGRATED MANAGEMENT SYSTEMS
FOR COMPLEX INDUSTRIAL OBJECTS IN RUSSIAN INDUSTRIAL COMPANIES
(ON THE EXAMPLE OF PJSC
"GAZPROM") (p. 30)

 

Yana Sergeevna Krukhmaleva, Chief specialist

 

PJSC "Gazprom"

16, Nametkin str., Moscow, 117420, Russian Federation,

e-mail: yana.krukhmaleva@gmail.com

 

The specificity of investment projects of PJSC "Gazprom", based on the principles of project financing, is described. The statistics of the human factor influence when implementing and operating large objects is presented. The approaches and criteria for building a project and risk management system as part of the implementation of investment projects of PJSC “Gazprom” are given. Considered The existing threats to information security when implementing investment projects and the possibility of software products use both in the interests of the state and against them are considered. The effectiveness of the selected model is substantiated.

 

Keywords: information security; investment project; project management; risk management; objectivity of expert assessments; methodology; software; automation of project management system; import substitution.

 

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UDC 331.522          DOI: 10.33285/1999-6942-2019-2(170)-34-41

 

DOMESTIC EXPERIENCE ANALYSIS WHEN ASSESSING
THE INDUSTRY DEMAND IN HUMAN RESOURSES (p. 34)

 

Maria Andreevna Srebrodolskaya, Candidate for a Ph.D Degree in Economics, Senior Lecturer of Well Logging Department

 

National University of Oil and Gas "Gubkin University"

65, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: mary_roza@bk.ru

 

Natalia Maratovna Zazovskaya, Ph.D in Economical Sociology, Associate Professor, vice-president

 

Texas Retraining Group, Inc.

Texas Retraining Group, Inc. 4614 Greene Place, NW, Washington DC, 20007, USA,

e-mail: nzazovskaya@gmail.com

 

The article is devoted to the problems of assessing the industry demand in personnel. It considers the following key problems: the purpose of the forecast of the industry demand in personnel; a main user of the forecast results; methods of the personnel demand assessment existing in the Russian Federation, their common and different characteristics; a direction to move forward in order to create new forecasting methods.

When considering the above said problems, the methods of current and prospective assessment of industrial personnel demand, developed by Russian researches, were comparatively analyzed. Special aspects of oil and gas industry personnel demand were examined. The necessity of human capital accounting when calculating the demand has been shown. The analysis results are systematized in and presented in tables, the conclusions are set up and recommendations are submitted. The methodology of perspective demand estimation should correspond to the programs of the fuel and energy complex (FEC) development and large enterprises. FEC requires development of the model that accounts the industry specific features, especially its high research intensity. It is very important not only to estimate FEC demand in personnel, but also to manage it. Assessment of human capital assets will be the best way to do it.

 

Keywords: assessment of human recourses demand; current demand; future demand; major human recourses demand; additional human resourses demand; human capital; methodology of demand prediction; economic-mathematical modeling; production functions.

 

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UDC 338.465.621          DOI: 10.33285/1999-6942-2019-2(170)-42-45

 

THE MARKET OF ENERGY SERVICES IN RUSSIA:
MAIN TRENDS, PROSPECTS AND RISKS (p. 42)

 

Ilya Valerievich Zhuravlev, post-graduate student, Department of Economics of Regional Energy and Energy Efficiency

 

National University of Oil and Gas "Gubkin University"

65, bld. 1, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: ilyazhuravlev@mail.ru

 

 

The development of the mechanism of the energy service contract aimed at attracting financing with the subsequent implementation of energy-saving measures is important for the domestic economy, where the specific energy consumption per unit of GDP is much higher than in Europe, the USA and Japan. The paper analyzes the current state of the energy service market in Russia, which included a review of the quantitative and qualitative characteristics of the market, the definition of patterns and trends of its development. The paper focuses on the consideration of the risks classification of energy service contracts and the methods of their evaluation.

 

Keywords: energy services; energy service companies; energy saving; risks; energy saving measures.

 

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UDC 622.276.003          DOI: 10.33285/1999-6942-2019-2(170)-46-54

 

GLOBAL INVESTMENT IN "UPSTREAM" OIL AND GAS SECTOR (p. 46)

 

Konstantin Nikolaevich Milovidov, Dr. of economic sci., Professor of the Department of International Oil and Gas Business

 

National University of Oil and Gas "Gubkin University"

65, Leninsky prosp., Moscow, 119991, Russian Federation,

e-mail: milovidov_kn@mail.ru

 

After investments sharp reduction of more than 40 %, following the fall of prices in 2014-2015, investment activity is slowly gaining momentum, increasing by 4 and 5 % respectively in 2017 and 2018. With a small overall growth, there is a significant differentiation of investments by geographic regions and types of companies. The majors continue to reorient investments towards the projects with shorter investment cycles, particularly, US shale-oil, seeking to reduce the payback period and long-term risks. National Petroleum Companies (NPC) dominate in global investments, while the share of major continues to fall. Russian operators in the "upstream" sector prefer "brownfield" projects to compensate for the fall in production.

The shale sector remains the main driver of this growth. The growing emphasis on the "brownfield" projects with the aim of smoothing the natural production decline of the existing fields and increasing oil recovery factor is also observed. The share of investments directed to the "greenfield" projects will also decline in 2018.

After a decade of continuous growth, the shelf sector reversed its trend, and its share in total investments began to fall sharply and is likely to reach its minimum in 2018. "Upstream" global investments have migrated towards shorter-term projects and assets with high rates of production decline.

The value of return on investment in 2018 varies by the type of companies; the largest investment increase was registered with Chinese companies and independent USA shale companies.

The discipline of investments, cost deflation and technological progress have brought a decrease in the average capital costs of large projects authorized for construction and calculated as per unit of resources.

 

Keywords: investments; world oil industry; structure and distribution of investments by companies, regions, directions; "upstream" sector; oil companies; reserves increase; production; forecasts.

 

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