Abstract

The article considers theoretical and methodological approaches to research of sustainable development of the oil and gas industry of Kazakhstan in modern conditions. Oil and gas industry is viewed as one of the priority directions of government economic policy, which is of particular importance in providing sustainable development of the country. It is noted, that increasing of stability of Kazakhstani oil and gas industry development is presented itself one of the most important issue of state economics. Authors identify main problems affecting on innovative development of the oil and gas industry. It was emphasized, taking into account the current trends, stability of oil and gas complex is affected by the number of conjuncture market factors, including price factors, bank interest rates, market conjuncture for this product, or value of its supply and demand in domestic and foreign markets. Main principles and criteria of innovative development of the oil and gas industry were developed. It is proved, that innovative development of the oil and gas industry should be carried out on the basis of the principles. The forecast of innovative development of the oil and gas industry was built on the basis of designed formula. The forecast of revenue from innovations is on the perspective period in the extraction and processing of high-sulfur, light and heavy oil for 2022-2026 that presented as table and forecast diagram. The innovative development of the oil and gas industry should be carried out on the basis of the researched principles. As a result of conducted research priorities of innovative development of the oil and gas industry were identified.

Highlights

  • Industrial and development aimed at the development of clusters, the implementation of “breakthrough” projects of international importance and the country’s integration into the world economy is a necessary basis for creating a competitive economy that occupies a specific “niche” in the world economy and is able to quickly adapt to new economic conditions

  • The problem of innovative development of subsoil use is considered as rational use of subsoil resources, aimed at increasing the processing degree of extracted raw materials, the use of processed products based on waste-free production while minimizing harmful emissions into the environment

  • The advantage of the described models is that they highlight new growth determinants associated with new decisions of subsoil user companies regarding the innovations use

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Summary

INTRODUCTION

Industrial and development aimed at the development of clusters, the implementation of “breakthrough” projects of international importance and the country’s integration into the world economy is a necessary basis for creating a competitive economy that occupies a specific “niche” in the world economy and is able to quickly adapt to new economic conditions. The problem of innovative development of subsoil use is considered as rational use of subsoil resources, aimed at increasing the processing degree of extracted raw materials, the use of processed products based on waste-free production while minimizing harmful emissions into the environment. Beisembekova, et al.: The Innovative Ways of Development in the Oil and Gas Industry of Kazakhstan

THEORETICAL FRAMEWORK AND LITERATURE REVIEW
METHODOLOGY AND EXPECTED RESULTS OF THE RESEARCH
BM K p D2
CONCLUSION
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