On Building a Model for the Efficient Development of the Oil and Gas Industry

2021 ◽  
Vol 27 (12) ◽  
pp. 971-982
Author(s):  
R. Kh. Azieva
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Petroleum Products ◽  
Gas Industry ◽  
The Russian Federation ◽  
The Impact ◽  
Oil And Gas Enterprises

Aim. The presented study aims to build a model for the efficient development of the oil and gas industry in the long term. Tasks. The authors investigate the peculiarities of the development of the oil and gas industry in the Russian Federation at the present stage when the COVID-19 coronavirus pandemic has had a significant impact on the reduction of oil production and global demand for oil and petroleum products; identify strategic directions for the development of the oil and gas industry in Russia and substantiate the need for government measures to support the oil and gas industry, including the possibility of forming innovative investment resources and reducing the tax burden in combination with a global shift away from fossil fuels, which will ensure more efficient use of oil and gas reserves. Methods. This study uses the theory and methodology of strategizing developed by academician V.L. Kvint as a basis for determining strategic directions and priorities for the development of the oil and gas industry. An economic and mathematical regression model for predicting the volume of oil production in the Russian Federation over the next five years is developed with allowance for the priorities of the methodology under consideration. Results. Substantiation of the projected values of oil production increases the preparedness of Russian oil companies and the government, allowing them to respond to various scenarios in the future and thus making it possible to develop an efficient strategy based on preventive measures to reduce the impact of oil price volatility on the Russian economy. Calculations show that Russia will most likely not be able to fully realize its production potential. In the long term, oil production will naturally decline due to the depletion of the resource base. One of the prerequisites for the successful operation of oil and gas enterprises is their orientation towards an innovative strategy in the context of sustainable development. Conclusions. The era of cheap oil and unexpected profits from hydrocarbons is gradually coming to an end. Therefore, strategically important directions for the oil and gas industry include the modernization of technologies and equipment by attracting investments in oil and gas enterprises and the development of the industry’s infrastructure, diversification of the refining industry, reduction of crude oil exports, and increased exports of finished petroleum products.

scholarly journals THE ROLE OF MONETARY AND FISCAL FACTOR IN THE FORMATION OF INCOMES FROM THE OIL AND GAS INDUSTRY OF RUSSIA

2019 ◽  
Vol 2 (5) ◽  
pp. 184-189
Author(s):  
Anna Komarova
Keyword(s):  
Exchange Rate ◽  
Russian Federation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
The Russian Federation ◽  
The Impact

This research assesses the impact of monetary (exchange rate) and fiscal factors (oil and gas taxes, MET on oil) on the dynamics of revenues of the oil and gas industry of the Russian Federation.

scholarly journals Stimulattion of inventive and innovative activities in oil and gas industry

2021 ◽  
Vol 2021 (4) ◽  
pp. 72-79
Author(s):  
Olga Yurievna Michurina ◽  
Nataliya Aleksandrovna Dubinina
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
State Level ◽  
Oil And Gas Industry ◽  
The State ◽  
Gas Industry ◽  
Foreign Experience ◽  
The Russian Federation ◽  
Stimulation Of ◽  
Oil And Gas Enterprises

The stimulation of inventive and rationalization activities in Russia should contribute to the transition of the country's economy to an innovative type of development. The foreign experience of stimulating inventive and rationalizing activities is being investigated. The tools, examples of measures to support and stimulate inventive and rationalization activities carried out at the state level in developed countries are considered. Foreign experience shows that the state supports the system of stimulating inventive creativity, both of individual inventors and creative, scientific collectives. The state acts as a sponsor of innovation activities, the instruments of material interest are used to ensure the acceleration of the introduction of inventions into production processes. Legal and methodological regulations stimulating inventive and rationalization activities in the Russian Federation, at oil and gas enterprises are being investigated. The existing methods of supporting inventive and rationalization activities in Russia are not specialized. The promotion of invention in Russia is regulated by legal acts and a methodological framework partially developed in the USSR, as well as in recent years in the Russian Federation. The main methods of direct and indirect government incentives that can be used to support innovation and invention at oil and gas enterprises: budget financing of research organizations and universities, financing of business incubators, technology parks, public procurement of innovative products and services, investment in the capital of financial institutions involved in the creation of innovative projects, the provision of tax incentives, the allocation of preferential government loans and credit guarantees. The necessity of participation of four levels of management in the process of improving the stimulation of inventive and rationalization activities at oil and gas enterprises is substantiated - the state level, the level of subjects of the Russian Federation, the industry level and the level of oil and gas industry enterprises, which will lead to the activation of this direction in the Russian Federation, increase in its activity, the revival of the high social status of inventors and innovators.

The Impact of News on the MICEX Oil & Gas Index: Textual Analysis

2018 ◽  
Vol 2018 (4) ◽  
pp. 79-99
Author(s):  
Elena Fedorova ◽  
Oleg Rogov ◽  
Valery Klyuchnikov
Keyword(s):  
Oil And Gas ◽  
Pearson Correlation ◽  
Oil And Gas Industry ◽  
Stock Index ◽  
Gas Industry ◽  
Negative News ◽  
The Russian Federation ◽  
Oil And Gas Companies ◽  
The Impact ◽  
Oil Gas

In this study, a relationship between the mood of news and the response of the oil and gas industry index of the Russian Federation was revealed. The empirical base of the study included 8.5 million news from foreign sources. Research methodology: fuzzy sets, naive Bayesian classifier, Pearson correlation coefficient. As a result of the research, it was discovered that: 1) negative news affects the stronger than the positive on the stock index; 2) news on companies affect the value of the index, and news on the industry affect the volume of trading; 3) the sanctions did not significantly affect the coverage of Russian oil and gas companies.

scholarly journals MECHANISMS AND INSTRUMENTS FOR ENSURING ECONOMIC SECURITY OF OIL AND PETROCHEMICAL ENTERPRISES

2020 ◽  
Vol 8 (1) ◽  
pp. 126-130
Author(s):  
Camila Weisman
Keyword(s):  
Crude Oil ◽  
Oil And Gas ◽  
Raw Materials ◽  
Oil Production ◽  
Oil And Gas Industry ◽  
Economic Security ◽  
Gas Industry ◽  
Important Direction ◽  
The Russian Federation ◽  
Oil And Gas Sector

The oil and gas industry remains for Russia the most important source of income, a strategic industry. According to official figures of the Ministry of Finance of the Russian Federation, income from the oil and gas sector, according to the results of 2019, is 40% of the total budget of the country. A large volume of crude oil and gas is exported from the country. The tax burden on raw materials reaches up to 60% of the initial cost, which makes oil production at new fields extremely unprofitable. The most important direction for the country is the transition from a strategy for the sale of crude oil products to refined ones, which have an additional cost. The article discusses the features of domestic oil production, analyzes the reasons for overpriced in comparison with competitive raw materials from other oil producing leader countries. The strategy of ensuring the economic security of the industry is noted, the main tools are listed and the mechanisms for ensuring the economic security of petrochemical industry enterprises are presented.

scholarly journals Classification of oil and gas-bearing territories of Russia and the structure of the oil and gas industry of the regions

2021 ◽  
Vol 7 (2) ◽  
pp. 422-427
Author(s):  
Danil Petrovitch Egorov
Keyword(s):  
Russian Federation ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The State ◽  
Qualitative Assessment ◽  
Resource Base ◽  
Gas Industry ◽  
The Russian Federation ◽  
Gas Bearing

The article is devoted to the qualitative assessment of the state of the oil and gas industry in the Russian Federation based on the context of administrative-territorial units. It was realized that the data provided by different sources differs due to the variation in the calculation methods used, and the lack of detailed regional reports from foreign agencies shows the novelty of the research. In the current research the projection of administrative borders on the territory of oil and gas-geological zoning is used. To determine the degree of the dependence of regional economies from the oil and gas industry, current data about the state of the mineral resource base in the subjects of the Russian Federation were compared with the geography of the location of processing enterprises. On the basis of the obtained materials, the classification of oil and gas-bearing territories is carried out.

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