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Offshore oil and gas in Russia: the legal framework and the implications as at September 1995
The oil and gas industry in Russia is experiencing serious problems in the wake of the disintegration of the Soviet Union and the old structures with no new structures there to replace them. This applies to the whole of the Russian economy, and the way into a market economy with its regimes and stru...
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| Format: | Thesis |
| Language: | English English |
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Research of GSB
2025
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| _version_ | 1867611355806171136 |
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| access_status_str | Open Access |
| author | Vidal, Tillman |
| author2 | Klopper, J M L |
| author_browse | Klopper, J M L Vidal, Tillman |
| author_facet | Klopper, J M L Vidal, Tillman |
| author_sort | Vidal, Tillman |
| collection | Thesis |
| description | The oil and gas industry in Russia is experiencing serious problems in the wake of the disintegration of the Soviet Union and the old structures with no new structures there to replace them. This applies to the whole of the Russian economy, and the way into a market economy with its regimes and structures is a very slow one in view of the political difficulties subsisting, with a general lack of understanding of the workings of a free market economy and democracy. While the free market economy is what is aspired, the use of the word 'free' in this context is often taken by its literal meaning in Russia. The oil and gas industry which is an important employer and above all foreign currency earner, is in the forefront of development. It is impossible to separate onshore and offshore oil and gas, in that there was a total lack of legislation in the Soviet Union on the oil and gas industry in general. Laws which were introduced were essentially territorial laws attempting to lay down rules and regulations. It is however noteworthy that it is precisely the large offshore projects which have been negotiated for a number of years already or are being negotiated at present, which seem to be a major factor behind the increasing legislative activity in the oil and gas industry, as these are without exception subject to a legal regime for the industry which is acceptable to investors seeking stability rather than a pure maximisation of profits. The attempts in introducing the production sharing legislation are a direct result of these projects as well as proposed legislation on the continental shelf. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/41446 |
| institution | University of Cape Town (South Africa) |
| language | English eng |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | Research of GSB |
| publisherStr | Research of GSB |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/41446 Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 Vidal, Tillman Klopper, J M L Commerce The oil and gas industry in Russia is experiencing serious problems in the wake of the disintegration of the Soviet Union and the old structures with no new structures there to replace them. This applies to the whole of the Russian economy, and the way into a market economy with its regimes and structures is a very slow one in view of the political difficulties subsisting, with a general lack of understanding of the workings of a free market economy and democracy. While the free market economy is what is aspired, the use of the word 'free' in this context is often taken by its literal meaning in Russia. The oil and gas industry which is an important employer and above all foreign currency earner, is in the forefront of development. It is impossible to separate onshore and offshore oil and gas, in that there was a total lack of legislation in the Soviet Union on the oil and gas industry in general. Laws which were introduced were essentially territorial laws attempting to lay down rules and regulations. It is however noteworthy that it is precisely the large offshore projects which have been negotiated for a number of years already or are being negotiated at present, which seem to be a major factor behind the increasing legislative activity in the oil and gas industry, as these are without exception subject to a legal regime for the industry which is acceptable to investors seeking stability rather than a pure maximisation of profits. The attempts in introducing the production sharing legislation are a direct result of these projects as well as proposed legislation on the continental shelf. 2025-05-30T10:19:07Z 2025-05-30T10:19:07Z 1996 2024-07-11T12:01:30Z Thesis / Dissertation Masters MCom http://hdl.handle.net/11427/41446 en eng application/pdf Research of GSB Graduate School of Business Universiy of Cape Town |
| spellingShingle | Commerce Vidal, Tillman Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 |
| thesis_degree_str | Master's |
| title | Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 |
| title_full | Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 |
| title_fullStr | Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 |
| title_full_unstemmed | Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 |
| title_short | Offshore oil and gas in Russia: the legal framework and the implications as at September 1995 |
| title_sort | offshore oil and gas in russia the legal framework and the implications as at september 1995 |
| topic | Commerce |
| url | http://hdl.handle.net/11427/41446 |
| work_keys_str_mv | AT vidaltillman offshoreoilandgasinrussiathelegalframeworkandtheimplicationsasatseptember1995 |