2015

2016

2

43%

, %

, %

, %

, %

27%

63%

54%

3.6%

* , , , 2015

2015 *

3

.

, OPEC, EIA, IEA, ,

518.1523.4

525 525526.7534.1

2035

323.5

12.0%

17.7%

654.5 668.2 642.1

723885

635.5584.0

4.5%

20152014

354.6258.4

352.1359.0

370445

4.4%

2012 2013 2020

1054.0

2000

20352015

20142012 2013 20202000

862.81045.0

1047.4 1049.9

1296

1065

2015

373.4

.

*

1

1

1

2

2

23

3

3 4

4

4

5

5

5

12345

12345

123

3 5

5

456

12

4

6

3

12 4

1

2

66

55

4

, 2035

.

- .

, , , .

, , , .

. . ,

.

.

I 2020 2022

, , , .

II 2021 2035

, .

, , - .

- , .

- , .

, .

5

--

--

-2-2

500

III 2017

500

330 - 100

200320420

1215

% %90

400150250

1820

9898 % %

( 220 ) 5001

500

II 2016

126

500 120

( 500 ) 5002

2414,3 (3 4- )

850100 %

2

15.12.2015

414,3 (2- )

220

2015I

1

1- (02.12.2015) 2- (15.12.2015)

02.12.2015

414,3 (1- )

- 220

-

470

-

470

. .

-

-

--

11.08.2014 790 - . 2020

:

-

106,2

343

6

, , () , .

.

- - .

, , () .

- , 13 . 11 13 - .

7 .

. 2020 :

c 55 % 80 %;

c 55 % 100 %;

75 % 100 %.

: (. )

300 / .

( , . ) 12 . / .

7

- 2018

-

- 2035

4 :

( iSAS)

,

( )

( )

( )

( 3 2014 . 1217-)

8

-2018

20.06.2013 518

( 2017 .) 14 -

-

: 2018

2018

--

----

08.10.2015

1076 6 781.5 , 2015 1 472.8 , 2016 3 328.4 , 2017 1 980.3 .

2015

9

, ,

,,

,,

-2

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

.

--

- - - -

- -

--

. .

--

--

.-.-

.-.-

--

.-.-

. . .. . .

.-.-

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

--

()

2015 .

2020 .

10

20112015 .

,

, .

,

, .

(), %

,

511.4 518.1523.4 526.7

534.1

20152014201320122011

+7.4 (+1.4%)+7.4 (+1.4%)

727

861896

986

1081

20152014201320122011

+95 (+9.6%)

242.1 239.7 235.0 221.3 241.8

20152014201320122011

+20.5 (+9.3%)

18606 2029321273 19825

22152

877 894 914 994 818

20152014201320122011

-176 (-17.7%)+2327 (+11.7%)+2327 (+11.7%)

75.5% 76.2%78.8%

85.5% 88.2%

20152014201320122011

+2.7 ..

+744.7 +742.0+713.4

+775.9

+710.0

20152014201320122011

11

20112015 .

-

--

--

--

--

. . . .

1444013278 13136 13960

16062

20152014201320122011

+2102 (+15.1%)+2102 (+15.1%)

.

2015 .

15.4 14.6 15.116.2

19.0

20152014201320122011

+2.8 (+17.3%)+2.8 (+17.3%)

0 0 12

263

870

20152014201320122011

+607 (+230.8%)+607 (+230.8%)

.

615 549485

427 394

20152014201320122011

-33 (-7.7%)-33 (-7.7%)

.

338

793

1372 14601662

20152014201320122011

+202 (+13.8%)+202 (+13.8%)

.

0 0

63 6151

20152014201320122011

-10 (-16.4%)-10 (-16.4%)

.

16.06

0.87

0.05

0.39

1.66

19.0

12

54.658.8

63.5

201520142013

+4.7 (+7.8%)

15.1 16.2 19.0

201520142013

+2.8 (+17.3%)

31.0 32.6 33.0

201520142013

+0.4 (+1.2%)

523.4526.7

534.1

201520142013

+7.4 (+1.4%)

2014 .

( 26 2013 . 846).

7 2014 . 987-

.

, ( , , , , ).

1 2015 .

, .

1 2 3 4

13

20112015 .

,

, %

,

1 , %

256.5 265.4274.5

288.9 282.7

20152014201320122011

-6.2 (-2.1%)

0.5 9.3 24.4 28.5 33.19.713.4

6.44.1

3.6

26.4

15.5

7.9 5.7 2.5

36.6 38.2 38.7 38.3 39.2

20152014201320122011

+4.6 (+16.1%)+4.6 (+16.1%)

+0.9 (+2.3%)+0.9 (+2.3%)5

70.6%71.1%

71.4%

72.3%

74.2%

20152014201320122011

+1.9 ..

11.9 17.5 31.145.1 55.7

7.06.3

7.46.1

7.4

51.745.6

33.526.1

13.0

70.6 69.4 72.077.3 76.1

20152014201320122011

+10.6 (+23.5%)+10.6 (+23.5%)-1.2 (-1.6%)

5

73.3 74.576.8

78.2

71.0

20152014201320122011

-7.2 (-9.2%)-7.2 (-9.2%)

28.5% 28.1% 28.0%27.1%

25.2%

20152014201320122011

-1.9 ..-1.9 ..

, ,

3 4 5

14

20112020 .

135

37

117098

34

101

135

54

135

0

10

20

30

40

50

60

70

80

6

15 13 13

11

6565

5

15 13 13

27

5959

2021-2027

2016-2020

20152014201320122011

.

16

1212

6565

121216

96.0178.0

259.5 289.6 214.0301.0

96.0

274.0

533.5

823.1

1037.1

20152014201320122011

20112020 .

18 , - .

, .

2020

91 2011 , 71.3 % 85 %

1 2016 . 5, 1 2016 . 5

123 (12 20212027 .)

117 168 44 %

15

32.84 32.69 32.64 32.72 32.7632.89

33.5134.19 34.61

34.74 34.77 34.73

+5.8%35.41 35.28 35.25 35.32 35.37

35.4836.08

36.74 37.1437.27 37.31 37.24

+5.2%

33.08 33.0933.52

34.21 34.5634.70 34.84

35.01 35.06 35.05 34.97 34.63

+4.7% 34.90 34.67 34.61 34.8835.33 35.41

35.38

39.4538.77

35.9236.06 36.37

+4.2%

-92, ./

, ./

-95, ./

, ./

2015

16

11.59.6

14.5

17.315.5

20152014201320122011

,

.

1 .

10-17% , ,

315

282

281

250 280281

294

333

281253

278

317

411490

455425

402

435

387

411448

523562

689

84 79 79 7864 66 65 67 62 61 69

75

128115

103

157

100

128

125

146

127

142 159

189

232

233249 211

206194

216

228

193177

195

218

265297

300

384

269

325

307

325

283

305

280

385

, .

2015

, . , .

17

2016

2035

1 2016 .

5

12

75%

18

-2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

.

!

!

!

--

--

--

--

----

--

--

--

--

--

- -

--

-2 -2

-2-2

III- -2III- -2

()

/

2015 .

19

670.7 654.5 668.2 642.1 635.5

20152014201320122011

-6.6 (-1.0%)

20112015 .

, .

( ), .

*, .

+12.8 (+7.1%)

196.8186.2

203.3

181.2194.0

20152014201320122011

469.1 460.0 456.8 454.6 440.0

20152014201320122011

-14.6 (-3.2%)

-1.2 (-4.2%)

29.033.7 33.9

28.8 27.6

20152014201320122011

63.2%64.4%

65.1% 65.4%65.7%

20152014201320122011

+0.3 ..

, .

, %

, ,

*

20

.

--

--

--

----

12

3

2 170 1 32 . 2 60 .

790 30 .

620 32 .

49 .

(2018-2020): .

(2020-2025): .

CNPC, 1 . 30 .

.

.

2015 45 -.

38 .

/

21

-

-

!!!!!!!!!!!!

!!!!!!!!!!

!!!!

!!!!!!!!!!!!!!

!!!!!!!!!!!!!!

!!!!!!!!!!!!

!!!!!!!!!!!!!!

!!!!

!!!!!!

!!!!!!

!!!!

!!!!!!!!

!!

!!

!!!!

!!!!

!!!!!!

!!!!!!!!

!! !!!!

!!!!!!

!!!!!!!!!!!!!!!!!!!!

!!!!!!!!!!!!!!!!!!!!

!!

!!!!

!!!!!!!!!!!!!!

!!!!!!!!!!!!!!!!!!!!

!!

!!

!!

!!!!

!!

!!

!!

!!

!!

!!

!!

- -

5 10% ,

:

- - -

./. . .

21198

315135 152 131 240

355528

846 951

1300

1635

363

1015

26312692 2687 2679 2674 2661 2676

2600

2741 2737 2736 2750 2731

2876 2873

2014 2015

22

1.21.4

1.0 0.9

0.2

20152014201320122011

-0.7 (-77.8%) -0.7 (-77.8%)

,

,

,

,

19.1 20.022.6

26.027.3

11.2 12.1 13.1 13.916.0

0.7 0.7 0.8 0.7 0.8

31.0 32.836.5

40.6 44.1

20152014201320122011

+3.5 (+8.6%)+3.5 (+8.6%)

8.7 7.99.0 9.5

10.9

20152014201320122011

+1.4 (+14.7%) +1.4 (+14.7%)

0.7 0.70.9 1.0

1.3

1.5 1.4 1.7 1.51.6

1.3 1.4 1.4 1.61.8

3.5 3.54.0 4.1

4.7

20152014201320122011

+0.6 (+14.6%)+0.6 (+14.6%)

0.0

1 2 1 0

9

2016203020152014201320122010

0 1

34 4

13

53.5 123.0 124.8138.1 169.0

20152014201320122010

176.5

301.3

439.4

608.4

, .

, .

23

, . , .

0 , .

1

62

73

35

201620152014201320122011

120.0735.0

245.6

1414.1

4264.9

5272.9

362 390400 410

450

590

201620152014201320122011

10%; 3 .

2015

24

-

5.1

(, , ) 24 %

2035 ,

,

2016

25

, 2015

3 / 15 / 3 12.01.2015

, , , , , , , , .

17.09.2015 1831-

.

03.11.2015 307-

31.03.1999 69- .

02.12.2015 84

, , 4 01.07.2016.

17.12.2015

2602- ( )

.

2015

26

-

.

- -

- -

- -

- -

-3 -3 -1 -1

. (II )

. (II )

--

- -

- -

- -. .

- -

- -

- -

- -

21-24

238

41

30

6-9

42

3

-

-

-

-

-

--

, 2015

XX

27

20112015 .

,

+14.4 (+4.0%)

336.7 354.6 352.1 359.0373.4

100.

7

105.

7

101.

3

105.

3

103.

7

236.

0

248.

9

250.

8

253.

7

269.

7

20152014201320122011

111.0134.0 140.0

155.0 155.0

20152014201320122011

+0.0 (+0.0%) +0.0 (+0.0%) 198.3 187.6 178.0 174.0 178.0

38.8

37.1

38.1

39.0

38.0

159.

5

150.

5

140.

0

135.

0

140.

0

20152014201320122011

+4.0 (+2.3%) +4.0 (+2.3%)

141.3 151.7167.5 172.7 180.0

20152014201320122011

+7.3 (+4.2%) +7.3 (+4.2%)

245 250 257282 302

20152014201320122011

+20.0 (+7.1%) +20.0 (+7.1%)

423.7432.6

446.8 445.5 448.0

20152014201320122011

+2.5 (+0.6%)

,

,

,

, /.

,

,

28

20112015 .

103.0 99.885.1

72.860.0

20152014201320122011

-12.8 (-17.6%)

1498 1526 1512 1524

1685

20152014201320122011

+161 (+10.6%)

6505

45234079 4091

5360

20152014201320122011

+1269 (+31.0%)

, , $/ ( )

, ./

, ./

29

-

8-

2015 2016

2015

2016 :

- 3.0

. 1.5 . 2019 3

:

5

():

, 3

:

( )

:

8

:

-1

30

, 2015

,

,

, 28.07.2015 764.

, .

, , .

, 2015 :

( 1 2011 . 679)

( 01 2011 . 681)

, , ( 06 2012 . 636)

( 06 2012 . 637)

( 01 2011 . 678)

( 19 2013 . 550)

2015

31

. 2030 .

.

, , .

2016

, .

.

32

-

.

( 9): 225,0

( 3): 800,0

-12 (-1): 211,6

-20 (): 424,2

(): 247,0

(): 420,0

(2 ): 120,0

(-1, -2): 472,0

-: 200,0

( 4, ): 880,0

-2 (-5, -6): 210,0

()

-(-1, -2, -3, -4)

( 2, 7, 8)

-2 (-2)

(-12, -18)

(-21)

, 2

-2 (-2) -2 (-1, -2) -3 (-1)

(-1)

-2 (-3)

(-3)

(-13, -19)

( 1)

(-1)

-5 (-1)

-2 (-1, -1)

- -2

-3 (-3)

( 4, 6)

(-6)

-

-

-

(): 153,0

-

(-1, -2): 100,0

(-10, -14, -24)

, -4

-1,

-3 ()

(1 . )

(1 . )

2015

15.01.2016

4.9 4.7

3.67 0.1 0.05 0.88 0.14

()

, ,

()

()

()

243.2 2.9

33

,

, .

,

,

, *

, *

223.6 228.7 233.6 240.3 243.2

2015*2014201320122011

+2.9 (+1.2%)

-28.9 (-3.6%)

893.4 853.9 867.0 807.7 778.8

20152014201320122011

**

149.7 159.3 149.0 157.7 150.3

20152014201320122011

-7.4 (-4.7%)

4726.2

6289.8

4019.2

7597.0

4852.5

3934

.6 3575

.1

1926

.5

4969

.6

2952

.8

791.

6

2714

.7

2092

.7

2627

.4

1899

.720152014201320122011

() () ( )

1021.21037.5 1031.3

1040.4 1036.4

20152014201320122011

-4.0 (-0.4%)

-19.8 -17.9 -18.3-14.8 -15.7

0.5 1.44.6

7.72.2

20152014201320122011

-19.3 -16.5-13.7

-7.1-13.5

20112015 .

* 15.01.2016 **

34

( ), /*

334.0

333.5

336.0

334.4330.6

329.4321.3

319.8317.6

315.5314.1

312.2310.0

308.0

20202019201820172016201520142013201220112010200820062004

2004-2010 16 / *, ( 6,5 / ), 25 2010 , 3187 . / ..

308-310 / *

, 1995 ( 80 ), 12 , 4 .

2004-2015 .

35

:

: , , ,

-

,

-

, XXIX 2019 .

2018

36

, .

( )

()

, (Price Cap): ,

1 2

( 190-)

31 2018 1 2019

.

37

50 . 2022 :

, ,

2017

15%, 30%:

18.03.2015 421-: ;

01.01.2015 , ;

11.06.2015 321: ;

29.05.2015 3384-9 , , - , , ,

50% 2017

28.02.2015 184:

()

38

175 160

162135 135

281 276

135 13590 90

2019201820172016201520142013

27793

1852 1852

321 321 32120 20

2019201820172016201520142013

4 3

108

54 4

3 35 5

4

2019201820172016201520142013

188

117143

29

2016201520142013

**

30.06.2012 1144-

, ,

Doing Business , ( )

* 2014 141, 2015 53 .

, %

2015

-

8

39

,

2015 20162019 ., 2016 . + 4

,

27 2015 . 893 , , .

:

1

2

3

1

( )

( , )

( 2016 . , )

( )

2

3 , .

40

2013-2015 .

191 76 869 110 000 . / 19.45 .

1184.2 60 000 112 000 ./ 155 .

70.44 174 014 188 700 ./ 12.6 .

1 445.64 60 000 188 700 ./ 187.05 .

: 1 201 191

2013-2015 .,

51 50 9051 50

200

400500

20192018201720162015

35

140199

255 285 270

120 140200

250 270

270

201920182017201620152014

* *

2150

18 26

124 124 141159

201920182017201620152014

35191

249 366285 320

138217 374

574811 929

201920182017201620152014

: 1 250 1 184.2

: 592 70.44

: 3 043 1 445.64

* 110%

41

:

10.11.2015 1210 .

10.11.2015 2279.

:

23.01.2015 47 .

28.07.2015 1472-.

, .

.

:

, ,

:

, ,

:

25

:

5.9 * 2.5 % *

2024

*

42

( ) , 2 2014 . 1949-: , , , ,

.

( , , , , , , ),

( , ), ()

Doing Business

:

;

- ;

.

2035 .:

.

43

2015 . 2007, %

5.66 5.74

+0.08 ..

8 286(52,6%)7 273

(46,2%)

189189(1,2%)

15 748

:

,

3 , ( 28.08.2015 898)

:

2015

44

( )

, - ,

2015

2016

-3 , 2015 42 , 2014 13

-10 , 90 % (2 )

,

2015 : , , , ,

, ,

: , 2013 2018 , , , ,

, ,

10.07.2013 1187-

45

-

20142015

- ( ):

, .

.

, .

, , , 20142015 . . .

46

07.09.2015 2 2013 .

07.09.2015 - 2 2013 .

15.10.2015 6 1998 .

22.10.2015 , ,

16.10.2015 -

22.10.2015

11.12.2015 -

2015

08.04.2015 19.06.2015

,

910.07.2015 - , ,

25.09.2015 , - 20152016 . , .

2015 - .

20.11.2015 IV ENES 2015

2015 - - 1.1 . , 12.3 . 2.5 .

2015 ( ), ( ), ( ), ( ). , ,

2015 : , 1-