Pp. 261-270 V.A. Kryukov THE FORMATION OF REGULATION SYSTEM AIMED TO DEVELOP MORE COMPLEX AND LESS CONVENTIONAL HYDROCARBON SOURCES V.A. Kryukov Institute of Economics and Industrial Engineering of the Siberian Branch of the RAS, Novosibirsk, Russia Abstract. <...> The paper considers problems of the formation and evolution of the institutional environment, which determines the direction of mineral resources development. <...> It is noted that Russian approaches to justify and make decisions in the field of mineral resources development hardly consider the rapidly changing conditions of the functioning of the modern economy sector and go back to the features of the industrial economy. <...> Strengthening of the economy role leads to the fact that the perception of rational strategies for exploration and development of mineral sources and fields significantly changes. <...> The most important aspects and features of the rules and procedures that determine the approaches to develop mineral resources in modern conditions include: increasing the role of knowledge, transition from the linear forms of interaction between participants in the process of prospecting and exploration of mineral resources to the network forms; alignment in time and within the framework of integrated technologies of previously disparate steps (these changes are largely due to the increase of volatility in the economy and the natural resources sector). <...> Development of resource regimes in marked direction is associated with an increased degree of flexibility of the entire study system, regulating the use of the mineral resource potential of the country. <...> Keywords: resource regime, mineral resource potential, knowledge economy, irrecoverable losses, rational development DOI: 10.18599/grs.18.4.3 For citation: Kryukov V.A. The Formation of Regulation System Aimed to Develop More Complex and Less Conventional Hydrocarbon Sources. <...> The role of characteristics of assets and technologies Natural resources sector is one of the leading sectors of the Russian economy (irrespective of how much and how often we talk and write about the need for innovation-directional development and the speedy overcoming of the so-called ‘orientation on raw materials’). <...> This sector includes economic activities related to prospecting, exploration, development, production, transportation and primary processing of a wide range of mineral resources – not just oil and gas, but also solid minerals (from precious metals to common building materials). <...> The institutional structure of a country, of a sector of the economy has significant differences, not only because of the historical and cultural features. <...> In Russia, for example, not just <...>