TY - JOUR
T1 - Long-term sustainable development of oil-producing regions
AU - Tsibulnikova, Margarita
AU - Sharf, Irina
N1 - Funding Information:
The paper is written with the support of the Russian Foundation for Basic Research, grant 18-010-00660 ? ?Conceptual approaches to the paradigm of sustainable and balanced subsoil use taking into account the peculiarities of mineral resource base and industry to provide long-term social and economic growth of oil-producing region?. The register number is ????-?17-117122990012-5.
Publisher Copyright:
© 2020 International Multidisciplinary Scientific Geoconference. All rights reserved.
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
PY - 2020
Y1 - 2020
N2 - At present, the use of oil and gas as efficient energy sources determines the pace of development not only of the economic system, but also the social sphere. The oil and gas industry occupies a special place in the Russian economy and ensures the life-sustaining activity of the national economic complex and forms a significant part of the budget revenues. The idea of sustainable development comprises the economic efficiency of mineral resources management in a social and environmental perspective. This approach assumes that by the time hydrocarbon reserves would be depleted, the mining area will have sufficient development resources to maintain the current standard of living, which can be realized only with a balanced and well-thought-out state policy on the distribution of rental revenues. The research hypothesis suggests that in conditions of depletion of the mineral and raw materials it is necessary to take special compensation measures for the territory and additional reinvestment of part of revenues from hydrocarbon production in infrastructure projects. The importance of such a policy is particularly relevant for Tomsk Oblast, whose macroeconomic indicators reflect the increasing dependence on the oil and gas industry, which is 27.3% of GRP. At the same time, the share of production industry is about 9.9% of GRP. Investments in the capital assets are mainly directed to the mining sector and show negative dynamics, oil production levels also decreasing. Actual final household consumption per capita is less than 50% of GRP per capita. As a result of research carried out by means of economic and statistical methods, we have analyzed the prospects for the development of Tomsk Oblast due to the depletion of the hydrocarbon resources, as a result of which the exhaustion of renewable resources is predicted in 30 years. Even at present, especially under unstable economic conditions, oil production is low-profit, but in ten years it can become economically unfavorable in the absence of technological breakthroughs in search, exploration and production of mineral resources, which is possible only in the constant economic sectors interaction and development. Thus, the adoption of special incentive measures aimed at expanding the investment potential of other sectors of the economy is an important factor of the economy diversification to maintain sustainable economic development and living standards of the resource-based region population.
AB - At present, the use of oil and gas as efficient energy sources determines the pace of development not only of the economic system, but also the social sphere. The oil and gas industry occupies a special place in the Russian economy and ensures the life-sustaining activity of the national economic complex and forms a significant part of the budget revenues. The idea of sustainable development comprises the economic efficiency of mineral resources management in a social and environmental perspective. This approach assumes that by the time hydrocarbon reserves would be depleted, the mining area will have sufficient development resources to maintain the current standard of living, which can be realized only with a balanced and well-thought-out state policy on the distribution of rental revenues. The research hypothesis suggests that in conditions of depletion of the mineral and raw materials it is necessary to take special compensation measures for the territory and additional reinvestment of part of revenues from hydrocarbon production in infrastructure projects. The importance of such a policy is particularly relevant for Tomsk Oblast, whose macroeconomic indicators reflect the increasing dependence on the oil and gas industry, which is 27.3% of GRP. At the same time, the share of production industry is about 9.9% of GRP. Investments in the capital assets are mainly directed to the mining sector and show negative dynamics, oil production levels also decreasing. Actual final household consumption per capita is less than 50% of GRP per capita. As a result of research carried out by means of economic and statistical methods, we have analyzed the prospects for the development of Tomsk Oblast due to the depletion of the hydrocarbon resources, as a result of which the exhaustion of renewable resources is predicted in 30 years. Even at present, especially under unstable economic conditions, oil production is low-profit, but in ten years it can become economically unfavorable in the absence of technological breakthroughs in search, exploration and production of mineral resources, which is possible only in the constant economic sectors interaction and development. Thus, the adoption of special incentive measures aimed at expanding the investment potential of other sectors of the economy is an important factor of the economy diversification to maintain sustainable economic development and living standards of the resource-based region population.
KW - Depletion
KW - Hydrocarbons
KW - Mining
KW - Sustainable development
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U2 - 10.5593/sgem2020/5.2/s21.039
DO - 10.5593/sgem2020/5.2/s21.039
M3 - Conference article
AN - SCOPUS:85099768683
VL - 2020-August
SP - 317
EP - 324
JO - International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM
JF - International Multidisciplinary Scientific GeoConference Surveying Geology and Mining Ecology Management, SGEM
SN - 1314-2704
IS - 5.2
T2 - 20th International Multidisciplinary Scientific Geoconference: Ecology, Economics, Education and Legislation, SGEM 2020
Y2 - 18 August 2020 through 24 August 2020
ER -