Effect of license holder’s cost-flow on long-term development of oil industry

© MCSER-Mediterranean Center of Social and Educational Research. The paper considers issues of the effect of the license holder’s costs-flow on the possibility of increased investments in the operating process at the expense of mineral resources tax variation. The account flow of subsoil users is the sum of expenses of operating (current) and investment activities. The movement of a cash flow as a difference between profitable and account parts, for the enterprises of oil production characterizes financial stability and profitability of the company. As showed the carried-out analysis if to consider an account stream of operating activities of the oil-extracting enterprises, it appears that it by 5,6 times exceeds expenses of an investment stream

Effect of crude quality on crude oil refining efficiency

The paper considers issues of crude quality effect on crude oil refining efficiency, continued growth of the share of hard-to-recover reserves in the reserves' structure. Official and judgment-based statistics data are presented. Development of petrochemical complex in the Republic of Tatarstan is discussed in some detail

Application of flow methods for material and financial resources management to forecast oil production in Russia

© 2014 Canadian Center of Science and Education. All rights reserved. The paper considers the impact of flow methods on long-term development of oil extracting industry, the impact being associated with mineral resources production tax variation. Six oil production scenarios for Russia have been considered, comparative analysis of these scenarios is presented. By the end of the calculation period, the scenario that provides for 5% decrease of tax burden closely approximates the scenario of oil production under effective taxation system In terms of budget receipts volumes. The scenario with mineral resources production tax rate increase is the worst in terms of oil industry growth leading to the industry collapse. According to this scenario, an operating company’s tax burden increases to 78%. So far, the world practice has not witnessed economic growth under conditions of taxes as high as this; furthermore, taxation history testifies that too high taxes have not been paid. In terms of oil industry growth, the scenario that provides for 5% decrease of tax burden is the most credible and promising, provided the released flows are invested in production. The same level of tax burden decrease (5%) is required to attain oil production levels in Russia in 2018-2020s according to the 2030 Development Strategy

Enhancement of horizontal well oil recovery by means of chemical stimulation

© 2015, Asian Social Science. All rights reserved. Complex of self production technologies solves the problem of preservation, restoration and enhancement of natural collection characteristics of bottom hole formation zone and, moreover, enhancement of active draining field and level of hydrocarbon selection by oil wells of different construction in non-uniform porous fractured carbonate reservoirs. The scientific and methodological basis for complex of well stimulation technologies in carbonate reservoirs is the following principle – phased, consistent, rational inclusion in the development and exploitation of the entire producing formation thickness, and only thereafter – successive, phased realization of physical and chemical influence on the formation-reservoirs depth and extent. The article deals with the solution of up-to-date problems of restoration and enhancement of productivity of oil wells in Tatarstan carbonate reservoirs under conditions of import substitution of advanced technologies of the formation oil recovery enhancement. Stimulation issues on the entire chain of oil extraction technological process are regarded from the formation drilling-in until repair-isolation works. Reduction in oil recovery cost is taken into account by means of the effective application of complex technical solutions, operations matching in time and power inputs on production enhancement in wells from water-bearing horizon. Enhancement of technical and economic efficiency of one's own technologies of acid treatment of vertical and horizontal wells leads to enhancement of current and final coefficient of hydrocarbon resources extraction. Solution of the above stated tasks was performed on the basis of the suggested by the authors principally new, scientifically based, mastered in production and inculcated in industrial scales complex of our own technical and technological solutions providing achievement of considerable enhancement of the efficiency of hydrocarbon raw materials extraction in Tatarstan

Effect of license holder’s cost-flow on long-term development of oil industry

© MCSER-Mediterranean Center of Social and Educational Research. The paper considers issues of the effect of the license holder’s costs-flow on the possibility of increased investments in the operating process at the expense of mineral resources tax variation. The account flow of subsoil users is the sum of expenses of operating (current) and investment activities. The movement of a cash flow as a difference between profitable and account parts, for the enterprises of oil production characterizes financial stability and profitability of the company. As showed the carried-out analysis if to consider an account stream of operating activities of the oil-extracting enterprises, it appears that it by 5,6 times exceeds expenses of an investment stream

Effect of license holder’s cost-flow on long-term development of oil industry

© MCSER-Mediterranean Center of Social and Educational Research. The paper considers issues of the effect of the license holder’s costs-flow on the possibility of increased investments in the operating process at the expense of mineral resources tax variation. The account flow of subsoil users is the sum of expenses of operating (current) and investment activities. The movement of a cash flow as a difference between profitable and account parts, for the enterprises of oil production characterizes financial stability and profitability of the company. As showed the carried-out analysis if to consider an account stream of operating activities of the oil-extracting enterprises, it appears that it by 5,6 times exceeds expenses of an investment stream

Effect of license holder’s cost-flow on long-term development of oil industry

© MCSER-Mediterranean Center of Social and Educational Research. The paper considers issues of the effect of the license holder’s costs-flow on the possibility of increased investments in the operating process at the expense of mineral resources tax variation. The account flow of subsoil users is the sum of expenses of operating (current) and investment activities. The movement of a cash flow as a difference between profitable and account parts, for the enterprises of oil production characterizes financial stability and profitability of the company. As showed the carried-out analysis if to consider an account stream of operating activities of the oil-extracting enterprises, it appears that it by 5,6 times exceeds expenses of an investment stream

Application of flow methods for material and financial resources management to forecast oil production in Russia

© 2014 Canadian Center of Science and Education. All rights reserved. The paper considers the impact of flow methods on long-term development of oil extracting industry, the impact being associated with mineral resources production tax variation. Six oil production scenarios for Russia have been considered, comparative analysis of these scenarios is presented. By the end of the calculation period, the scenario that provides for 5% decrease of tax burden closely approximates the scenario of oil production under effective taxation system In terms of budget receipts volumes. The scenario with mineral resources production tax rate increase is the worst in terms of oil industry growth leading to the industry collapse. According to this scenario, an operating company’s tax burden increases to 78%. So far, the world practice has not witnessed economic growth under conditions of taxes as high as this; furthermore, taxation history testifies that too high taxes have not been paid. In terms of oil industry growth, the scenario that provides for 5% decrease of tax burden is the most credible and promising, provided the released flows are invested in production. The same level of tax burden decrease (5%) is required to attain oil production levels in Russia in 2018-2020s according to the 2030 Development Strategy

Effect of crude quality on crude oil refining efficiency

The paper considers issues of crude quality effect on crude oil refining efficiency, continued growth of the share of hard-to-recover reserves in the reserves' structure. Official and judgment-based statistics data are presented. Development of petrochemical complex in the Republic of Tatarstan is discussed in some detail

Effect of crude quality on crude oil refining efficiency

The paper considers issues of crude quality effect on crude oil refining efficiency, continued growth of the share of hard-to-recover reserves in the reserves' structure. Official and judgment-based statistics data are presented. Development of petrochemical complex in the Republic of Tatarstan is discussed in some detail