Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation
The significant resource potential of the Arctic has attracted the attention of its adjacent countries and extra-regional states. The mineral and raw material base of the Arctic Zone of the Russian Federation (AZRF) comprises a wide range of minerals. However, due to its hydrocarbon reserves, the Ar...
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ftdoajarticles:oai:doaj.org/article:821a6340186c4cbba752c1f489586118 2023-05-15T14:36:51+02:00 Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation Natalia Kirsanova Olga Lenkovets Muhammad Hafeez 2020-12-01T00:00:00Z https://doi.org/10.3390/jmse8121006 https://doaj.org/article/821a6340186c4cbba752c1f489586118 EN eng MDPI AG https://www.mdpi.com/2077-1312/8/12/1006 https://doaj.org/toc/2077-1312 doi:10.3390/jmse8121006 2077-1312 https://doaj.org/article/821a6340186c4cbba752c1f489586118 Journal of Marine Science and Engineering, Vol 8, Iss 1006, p 1006 (2020) the Arctic Zone of the Russian Federation oil and gas resources Arctic shelf rent sustainable development Naval architecture. Shipbuilding. Marine engineering VM1-989 Oceanography GC1-1581 article 2020 ftdoajarticles https://doi.org/10.3390/jmse8121006 2022-12-31T15:34:37Z The significant resource potential of the Arctic has attracted the attention of its adjacent countries and extra-regional states. The mineral and raw material base of the Arctic Zone of the Russian Federation (AZRF) comprises a wide range of minerals. However, due to its hydrocarbon reserves, the Arctic is considered to be the most important geopolitical and geo-economic macro-region for Russia. A significant portion of the Arctic hydrocarbons (about 19%) is concentrated in the territory of Russia’s shelf. The extraction of Arctic marine oil and gas resources and ensuring the sustainability of the Russian energy complex depend significantly on the level of Arctic development. Thus, the pace and quality of the development of AZRF are strategically important to ensure the national interests of the country. It has been proven that the implementation of the state program for AZRF development and strategic plans of the largest companies operating in the region consolidate the raw material nature of AZRF development. Rent becomes the main form of income. This article addresses the main directions of the region’s development and the factors that prevent a high level of industrialization, which increase attention to the withdrawal and redistribution of rental income. The article considers the Russian and foreign experiences of withdrawal and redistribution of oil and gas rental income, and analyzes the level of socio-economic development of AZRF. The authors suggest a methodology for assessing the impact of a country’s area and population size on the ability to achieve a high income due to hydrocarbons. The authors also explain the principles of rental income redistribution in the region as a basis for improving the level of AZRF’s socio-economic development and as a condition for transition from the “colonial model” of development to the “sustainable development” model. The study results can be used to elaborate a mechanism for rental income redistribution in AZRF and state programs for the region’s development. Article in Journal/Newspaper Arctic Directory of Open Access Journals: DOAJ Articles Arctic Journal of Marine Science and Engineering 8 12 1006 |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
the Arctic Zone of the Russian Federation oil and gas resources Arctic shelf rent sustainable development Naval architecture. Shipbuilding. Marine engineering VM1-989 Oceanography GC1-1581 |
spellingShingle |
the Arctic Zone of the Russian Federation oil and gas resources Arctic shelf rent sustainable development Naval architecture. Shipbuilding. Marine engineering VM1-989 Oceanography GC1-1581 Natalia Kirsanova Olga Lenkovets Muhammad Hafeez Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation |
topic_facet |
the Arctic Zone of the Russian Federation oil and gas resources Arctic shelf rent sustainable development Naval architecture. Shipbuilding. Marine engineering VM1-989 Oceanography GC1-1581 |
description |
The significant resource potential of the Arctic has attracted the attention of its adjacent countries and extra-regional states. The mineral and raw material base of the Arctic Zone of the Russian Federation (AZRF) comprises a wide range of minerals. However, due to its hydrocarbon reserves, the Arctic is considered to be the most important geopolitical and geo-economic macro-region for Russia. A significant portion of the Arctic hydrocarbons (about 19%) is concentrated in the territory of Russia’s shelf. The extraction of Arctic marine oil and gas resources and ensuring the sustainability of the Russian energy complex depend significantly on the level of Arctic development. Thus, the pace and quality of the development of AZRF are strategically important to ensure the national interests of the country. It has been proven that the implementation of the state program for AZRF development and strategic plans of the largest companies operating in the region consolidate the raw material nature of AZRF development. Rent becomes the main form of income. This article addresses the main directions of the region’s development and the factors that prevent a high level of industrialization, which increase attention to the withdrawal and redistribution of rental income. The article considers the Russian and foreign experiences of withdrawal and redistribution of oil and gas rental income, and analyzes the level of socio-economic development of AZRF. The authors suggest a methodology for assessing the impact of a country’s area and population size on the ability to achieve a high income due to hydrocarbons. The authors also explain the principles of rental income redistribution in the region as a basis for improving the level of AZRF’s socio-economic development and as a condition for transition from the “colonial model” of development to the “sustainable development” model. The study results can be used to elaborate a mechanism for rental income redistribution in AZRF and state programs for the region’s development. |
format |
Article in Journal/Newspaper |
author |
Natalia Kirsanova Olga Lenkovets Muhammad Hafeez |
author_facet |
Natalia Kirsanova Olga Lenkovets Muhammad Hafeez |
author_sort |
Natalia Kirsanova |
title |
Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation |
title_short |
Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation |
title_full |
Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation |
title_fullStr |
Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation |
title_full_unstemmed |
Issue of Accumulation and Redistribution of Oil and Gas Rental Income in the Context of Exhaustible Natural Resources in Arctic Zone of Russian Federation |
title_sort |
issue of accumulation and redistribution of oil and gas rental income in the context of exhaustible natural resources in arctic zone of russian federation |
publisher |
MDPI AG |
publishDate |
2020 |
url |
https://doi.org/10.3390/jmse8121006 https://doaj.org/article/821a6340186c4cbba752c1f489586118 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic |
genre_facet |
Arctic |
op_source |
Journal of Marine Science and Engineering, Vol 8, Iss 1006, p 1006 (2020) |
op_relation |
https://www.mdpi.com/2077-1312/8/12/1006 https://doaj.org/toc/2077-1312 doi:10.3390/jmse8121006 2077-1312 https://doaj.org/article/821a6340186c4cbba752c1f489586118 |
op_doi |
https://doi.org/10.3390/jmse8121006 |
container_title |
Journal of Marine Science and Engineering |
container_volume |
8 |
container_issue |
12 |
container_start_page |
1006 |
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1766309387087904768 |