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Russian energy legislation: Regulating state monopolies to allow the development of competitive markets

Journal Article · · Energy Law Journal; (United States)
OSTI ID:6572211
Two themes are familiar to those who have followed the demise of the Soviet Union and the beginning of the Commonwealth of Independent States (CIS): a revitalized energy industry is imperative to the independent survival of the former Soviet republics and foreign investment is necessary for the revitalization of the energy industry. The largest of the eleven CIS republics, the Russian Federation, is in the process of adopting laws to provide for orderly development of energy resources in a free-market economy. Teams of academic and industry experts from the Russian Federation and Western Countries are drafting legislation that will govern the control and development of underground resources through licensing, tax and fiscal matters, environmental regulation, and conservation of natural resources in the Federation. Also being drafted is a treaty to be considered by all the former Soviet republics governing inter-republic transportation of oil, hydrocarbon products, and natural gas. The article describes the oil and gas industry in the Russian Federation and the scope and status of the University of Houston Law Center's Russian Petroleum Legislation Project. 41 refs.
OSTI ID:
6572211
Journal Information:
Energy Law Journal; (United States), Journal Name: Energy Law Journal; (United States) Vol. 13:1; ISSN 0270-9163; ISSN ELJOEA
Country of Publication:
United States
Language:
English

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