Conceptualizing the process- and project-based model of public administration in the oil industry of Russia

Abstract

Subject. Currently, traditional methods and tools of public administration in the oil industry cease to be effective. As external factors put more pressure (agreements of OPEC+, energy price volatility), digital transformation of business and public administration and accelerating changes in the economic system, respective authorities need to refine their tools to manage the industry. Objectives. I provide the rationale for transforming the system of public administration in the Russian oil industry, articulate the concept of the process- and project-based model of sectoral management and determine its tools and elements. Methods. I rely upon analytical methods, such as the statistical and retrospective analysis, and the mathematical modeling framework to prove the reasonableness and accuracy of my conclusions. Results. I provide the concept of the process- and project-based model of the sectoral management in Russia's oil industry, substantiate its strengths, describe its targets, elements and mechanisms. Conclusions and Relevance. Sectoral authorities should supplement traditional methods of sectoral regulation with tools of process- and project-based approaches, thus substantially improving the quality and timelines of the regulator's decisions, and make the Russia oil enterprises more competitive.