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Innovative Development of the Oil and Gas Complex Enterprises Based on Value Added Maximizing Model Realization

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  • E. A. Kuklina

Abstract

The reality of the present time is the qualitative complication of mining and geological conditions for the development of oil and gas resources, which creates higher costs and risks for the participants in the process. The key importance of the Russian oil and gas sector for the economy of the country makes it necessary to find solutions to minimize the financial losses of oil companies, which will allow enterprises to enter the path of innovative development. An obligatory condition for the innovative development of enterprises of the oil and gas sector in the modern world space is the choice of an adequate model of their behavior that reflects the set of changing factors of the external and internal environment. The purpose of the study is to develop a basic model for maximizing the added value of an oil and gas company on the basis of alignment of interests. The possibility of applying the model of maximization of value added by enterprises of the oil and gas sector of Russia is due to the feature of production and redistribution of value in integrated structures, such as large oil and gas companies. The implementation of the value-added model will allow the Russian oil and gas sector to form strategic competitive advantages and create conditions for balanced sustainable development in the unfavorable situation on the world markets of hydrocarbon raw materials.

Suggested Citation

  • E. A. Kuklina, 2018. "Innovative Development of the Oil and Gas Complex Enterprises Based on Value Added Maximizing Model Realization," Administrative Consulting, Russian Presidential Academy of National Economy and Public Administration. North-West Institute of Management., issue 4.
    • Handle: RePEc:acf:journl:y:2018:id:813
    DOI: 10.22394/1726-1139-2018-4-39-52
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    1. Michele Ruta & Anthony J. Venables, 2012. "International Trade in Natural Resources: Practice and Policy," Annual Review of Resource Economics, Annual Reviews, vol. 4(1), pages 331-352, August.
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