Analyzing the oil and gas industry development in the Russian Federation

Abstract

Subject. The article considers development trends in the oil and gas market of the Russian Federation. Objectives. The purpose is to assess current trends and behavior of the Russian oil and gas market. Methods. The study employs methods of analysis and synthesis of statistical data that describe development trends in the oil and gas industry in Russia and in other countries of the world, its importance and role in the economic system of Russia, its market structure and the level of innovative development. Results. We offer a scheme, illustrating the position of the oil and gas industry in the structure of the fuel and energy complex of Russia, consider the analytical reports of leading organizations in the industry. The latter enable to conclude on changes in the structure of fuel and energy consumption. We also identify development trends in the global fuel and energy complex and analyze the behavior of the share of oil and gas revenues in the formation of the tax burden, for the period, starting from 2012. Conclusions. Most technological innovations are carried out by organizations, producing electrical, electronic and optical equipment. The least innovative activity is observed in the field of mining. We substantiate the need to introduce and develop innovations in the fuel and energy complex, in connection with trends in intensification of various changes, occurring in the external environment (technologies, markets, society, regulatory policy of the State), increased competition in established markets, complexity of technological processes.