Economic Oil And Gas Development In Russia

By 1990, the changed political life and economic changes have led to stopping the construction of new oil pipeline routes. In late 1991 the political map of the world disappears USSR. Fifteen new states shared the common property, including oil pipelines. A single pipeline system remained in Russia. In some countries – only a portion of the main oil pipelines. Other countries are implementing transit Russian oil. There is a complete reorganization of the oil and gas industry in Russia.

Oil and gas complex in the gas industry before RAO “Gazprom” and the oil – oil companies such as “LUKOIL”, “Yukos”, “Sidanko”, “Rosneft” and others, formed during the restructuring of oil and gas industry, the main stages of which were the years 1987-1990. The development of self-management and self-funded enterprises oil and gas industry that led to the expansion of the economic independence of enterprises and their direct access to world markets as exporters of energy. 1991-1994. Association of enterprises in vertical integrated structures, their shareholding. Start the privatization of holding oil companies. Building the infrastructure of the stock market, the emergence of financial-industrial groups and consortia to participate in international projects.

In 1992, the Russian privatization program has provided a special mode of privatization of the oil industry. Its essence is that the controlling stake in the company remained in state ownership for a fixed period. Corporatization of the industry was going in two stages. First, all enterprises were included into the “Rosneftegaz ‘and’ Glavnefteprodukta ‘, were transformed into joint stock companies.