The article dwells upon the main economic issues and development of subsurface resource management in the national economy. The question of servitization of subsurface resource management is discussed for the first time. The article focuses on the following issues: the mine rent, the necessity to restructure property in subsurface resource management considering corporate relations; managing the system for economic interests of subsurface resource users, the state, and society; optimizing the payment and taxation systems for use of subsurface resources. Keywords: economy servitization, use of subsurface resources, system of payments for natural resources JEL Classifications: H30, L89, O13 DOI: https://doi.org/10.32479/ijeep.8303
29 September 2022 in Север и рынок: формирование экономического порядка
SESaint Petersburg University of Management Technologies and Economics
Saint Petersburg University of Management Technologies and Economics
The conversion from the development of large deposits to unconventional, small and Arctic deposits of hydrocarbon raw materials in the Russian requires oil and gas companies improving the quality of the economic justification of projects, including cost-effectively recoverable reserves. For this reason, the development of the discounted cash flow (DCF) method for economic evaluation of oil and gas projects is required. The purpose of the study was to develop a methodological approach to the economic evaluation of oil and gas projects. The disadvantages of the DCF model in the economic evaluation of oil and gas field development projects are analyzed, a comparative analysis of project evaluation methods through the use of binary and reverting discounting models is performed. The authors justified the choice of a risk-free discount rate for project outflows and dynamically changing values of discount rates for project cash inflows for the evaluation of oil and gas projects, taking into account their identified features. The application of the developed methodological approach, both at the pre-project phase and during the operation of the field, will allow oil and gas companies to justify the magnitude of commercially exploitable reserves and indicators of the economic efficiency of the project due to more correct risk accounting. The developed methodological approach has been approved on the example of the Novoportovskoye field development project.
Aim.The presented study aims to identify the components of national information sovereignty in the context of economic digitalization and to determine the most important directions of its formation in the modern geopolitical situation.Tasks.The authors consider approaches to understanding the essence of the concept of sovereignty and its specific derivatives, including economic sovereignty, technological sovereignty, etc.; build a scheme of terminology in the field of sovereignty in relation to the state and substantiate the place of information sovereignty on it; identify patterns in the evolution of the content of information sovereignty under the influence of various factors, including digitalization; formulate conditions and directions for further formation of information sovereignty in the modern geopolitical context.Methods.This study uses general scientific methods of cognition, as well as territorial, systemic, evolutionary, and institutional approaches to examine in various aspects the genesis and evolution of the content of the phenomenon and concept of national information sovereignty as a unity of technological and value components in the context of the digitalization of economic activity.Results.A scheme of terminology in the field of sovereignty in relation to the state is built, showing the ratio of different types of sovereignty, and the place of information sovereignty is substantiated. Major directions for the development of national sovereignty are identified with allowance for the trend of economic digitalization. The evolution of the content of information sovereignty under the influence of the development of digital technologies is traced. The structure and directions of further formation of information sovereignty in the modern geopolitical context are determined.Conclusions.The importance of national information sovereignty is increasing due to the globalization of information and communication interactions on the Internet, difficulties in marking the institutional boundaries of a particular state in the course of economic digitalization due to the cross-territoriality of digital technologies, and the complexity of the geopolitical situation as countries compete for technological leadership. The formation of Russia's information sovereignty in the context of digital transformation as a unity of its technological and value components is an important objective for ensuring national security, economic independence, and sustainable growth of the domestic economy in the current situation.
Aim.To identify the key institutional characteristics of the transition to a multipolar world and to substantiate the directions of development of the Russian economy during this transition, contributing to the restoration of Russia’s position as an economic and political center of power in the new model of the world order.Objectives.To consider the institutional foundations of the world order to determine the place of multipolarity among other types of world order; to trace the features of the transition to a multipolar world as an institutional transformation from the point of counteraction to the dominance of one superpower; to formulate the directions of transformation of the Russian economy during the transition to a multipolar world.Methods.Using general methods of scientific cognition, as well as institutional and civilizational approaches, the paper considers the transition to a multipolar world as a natural stage of transition to a new model of world order, reflecting the evolution of world economic patterns and their corresponding world orders.Results.The regulatory functions of formal and value-ethical institutions in the institutional environment of the world order, as well as the role of states and civilizations as their sources and guarantors are determined. Institutional gaps in the models of unipolar and multipolar worlds are revealed. The thesis that the movement to the multipolar world model implies institutional transformation in economic, socio-spiritual and political aspects is substantiated. The role of values and conscious efforts of states in the transition to a multipolar world is shown. The main challenges and threats in the transition to a multipolar world for the Russian economy are identified and the directions of efforts necessary for its strengthening are formulated.Conclusions.The transition to a multipolar world is a complex process of transformation of the institutions of the world order and the world economic order on the basis of taking into account the national interests and values of a large number of global actors. During the period of institutional transformation of the transition, the Russian state faces new challenges in the sociovalue, economic and political spheres. The development of the Russian economy in the transition period should become the basis for strengthening the economic and political power of the country, its national sovereignty and provide a worthy place for Russia in the new model of the world order.
1 September 2016 in St. Petersburg State Polytechnical University Journal. Economics