Bharatbook.com added a new report on "Russian Renewable Energy Market Potential " which analyzes the Russian renewable energy industry, in terms of energy resources, energy reserves, and the energy demand and supply dynamics.
Online PR News – 15-December-2009 – – Russian Renewable Energy Market Potential
Russia's economy is heavily dependent on oil and natural gas exports, making it vulnerable to fluctuations in world oil prices. According to an International Monetary Fund (IMF) study, a $1 per barrel increase in Urals blend oil prices for a year is estimated to raise federal budget revenues by 0.35% of GDP, or $3.4 billion. In order to manage windfall oil receipts, the government established a stabilization fund in 2004 worth. By the end of 2006, the fund was expected to be worth almost $80 billion, or about 7% of the country's nominal GDP. Raw materials, such as oil, natural gas, and metals, dominate merchandise exports and account for over two-thirds of all Russian export revenues.( http://www.bharatbook.com/detail.asp?id=128678&rt=Russian-Renewable-Energy-Market-Potential.html )
Kremlin policy makers continue to exhibit an inclination to advance the state's influence in the energy sector. Taxes on oil exports and extraction are still high, and Russia's state-influenced oil and gas companies are obtaining controlling stakes in previously foreign-led projects. Stateowned export facilities have grown at breakneck pace, while private projects have progressed more slowly or have been met with roadblocks by state-owned companies or by various government agencies.Russia is rich in energy resources. Russia has the largest known natural gas reserves of any state on earth, along with the second largest coal reserves, and the eighth largest oil reserves. This is 32% of the world proven natural gas reserves (23% of the probable reserves), 12% of the proven oil reserves (42% of the probable reserves), 10% of the explored coal reserves (14% of the estimated reserves) and 8% of the proven uranium reserves.
The report, Russian Renewable Energy Industry, analyzes the Russian renewable energy industry, in terms of energy resources, energy reserves, and the energy demand and supply dynamics.The report focuses on the various renewable energy sectors of the country, namely, wind, solar, geothermal, tidal, and biomass. A profile of the major players in the Russian renewable energy industry completes this research report.
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