Energy efficiency, low-carbon energy production, and economic growth in CIS countries

The paper studies the peculiarities of energy efficiency increase in national economy and decrease of carbon dioxide emission for CIS countries. The conditions that allow achieving parameters of sustainable development are determined according to indexes of GDP energy intensity and carbon intensity. Focusing on the indexes of GDP energy intensity and carbon intensity dynamics as well as on carbon intensity of energy production, a real movement towards implementation of program conditions presented by international organizations is analyzed, namely, economic conversion to the model of sustainable development. The examples demonstrate both the presence of significant differences between 12 countries and the lack of fatality in these differences. At determining dependencies linear models are preferred to non-linear ones, with the explanation of reasons in each particular case. Attention to success of these countries may help to understand the advantages of conversion to the model of sustainable development and also it helps to decrease demands in terms of costs for this conversion

Resource conservation program in terms of Vostokgazprom environmental policy

The article examines a number of key areas of environmental policy of Vostokgazprom. The Associated Petroleum Gas program is an important step within the resource conservation and environmental protection framework. In addition, the company undertakes the extensive work on emergency response programs, and carries out continuous protection of the subsurface and control over environmental safety in all production sites. Vostokgazprom continuously modernizes the basic industrial facilities and invests money in new projects. The study analyzes the steps being taken by the company within the energy saving policy that leads to significant costs cut

Approaches of Russian oil companies to optimal capital structure

Oil companies play a vital role in Russian economy. Demand for hydrocarbon products will be increasing for the nearest decades simultaneously with the population growth and social needs. Change of raw-material orientation of Russian economy and the transition to the innovative way of the development do not exclude the development of oil industry in future. Moreover, society believes that this sector must bring the Russian economy on to the road of innovative development due to neo-industrialization. To achieve this, the government power as well as capital management of companies are required. To make their optimal capital structure, it is necessary to minimize the capital cost, decrease definite risks under existing limits, and maximize profitability. The capital structure analysis of Russian and foreign oil companies shows different approaches, reasons, as well as conditions and, consequently, equity capital and debt capital relationship and their cost, which demands the effective capital management strategy