Abstract
The article is devoted to the specific use of theoretical and methodological provisions of the international business of domestic oil and gas companies in practical entrepreneurship. It addresses the following issues— the importance of the agreement of OPEC+; international oil and gas business as a system, criteria of allocation of categories of oil and gas majors; options indicators and international megaprojects; the changing of the vector of cooperation of high-profile domestic companies with foreign partners. The implementation of the agreement will change the balance of supply and demand in the world oil market. As a result, prices will rise to 58 to 63 dollars per barrel. This price is acceptable for the domestic core businesses, and for Russia, which is one of the main manufacturers and main suppliers of this resource. However, probably the level of prices can persist for a relatively short period because this indicator affects a large number of factors. It has been established that the participation of foreign companies in business projects is beneficial for Russian companies, since they are investors and innovators, which help to accelerate the development of deposits or the construction of infrastructure facilities. It is determined that the most important parameter, which can characterise the position of a major, is a high level of competitive advantages, which is measured by indicators linked to a specific year. The conclusion is that the Russian specialised companies successfully adapt to new macroeconomic conditions, including prices for hydrocarbons and increase their competitive advantage, increase production efficiency, increasing the volumes of supply to world markets.
Highlights
In 2017, the participation of Russian industry companies in the international oil and gas business received a positive impetus
Applied to the subject matter – the main direction and force of the process, the beginning of which was put by the starting point in the vector field) – under the impact of reducing gas demand in the energy-deficient countries of Europe and the introduction of sectoral sanctions by Western countries, Russia and domestic companies are changing the main direction of their preferential orientation in the international oil and gas business, in the perspective supply of oil and gas hydrocarbons of Russian production from the western to the eastern direction
Domestic industry companies perform the main function in the transcontinental oil and gas business and explain their main role as follows
Summary
In 2017, the participation of Russian industry companies in the international oil and gas business received a positive impetus. The subjects of the international oil and gas business are the direct participants of this type of business, its forms and types – domestic gas and oil companies, their partners – foreign gas and oil corporations, Russian profile majors (Major – a large company that occupies a leading position in the market), national majors of other countries, world majors. Almost all world and several national majors are named They are chosen on the basis of the four most important criteria: the volume of explored reserves of oil and gas and the levels of their extraction, the degree of participation in the implementation of oil and gas megaprojects and the measure of inclusion in the international oil and gas business, taking into account the volumes of foreign trade supplies of liquid and gaseous hydrocarbons (Garvey et al, 2016).
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