Scientific and economic journal

«Problems of economics and management of oil and gas complex»

ISSN 1999-6942

OIL AND GAS SECTOR OF THE RUSSIAN FEDERATION AND THE REPUBLIC OF UZBEKISTAN: CURRENT STATE AND DEVELOPMENT PROSPECTS

UDC: 622.32
DOI: 10.33285/1999-6942-2021-10(202)-49-56

Authors:

SOLOVIANOV ALEXANDER ALEXANDROVICH1,
SOLOVIANOVA ALEXANDRA RUSLANOVNA2

1 All-Russian Research Institute of Environmental Protection, Moscow, Russian Federation
2 National University of Oil and Gas "Gubkin University", Moscow, Russian Federation

Keywords: oil and gas industry, Republic of Uzbekistan, JSC "Uzbekneftegaz", JSC "Uztransgaz", JSC "Hududgaztaminot", energy strategy of the Russian Federation

Annotation:

The peculiarity of the oil and gas industry of the Republic of Uzbekistan is the fall in the reserves of the existing fields, as well as an inefficient management system of the industry, wastefulness in the use of financial resources, an insufficiently high level of personnel qualification, a low level of management at all levels of management. To eliminate these shortcomings, the leadership of the Republic of Uzbekistan issued a number of policy documents in 2019-2020. As a result, the restructuring of JSC “Uzbekneftegaz” has begun, a wholesale gas market is being created, mechanisms for saving fuel and energy resources and energy saving are being developed and implemented, and foreign qualified specialists are being attracted to the industry. On the other hand, the Russian Federation has long embarked on the path of market transformations in the oil and gas industry, so this industry is developing quite successfully - the volumes of production, processing and export of hydrocarbon raw materials and products based on it are growing. The energy strategy of the Russian Federation for the period up to 2035 demonstrates well-founded goals and objectives for the development of the oil and gas industry, complications for achieving or fulfilling of which can only be associated with economic sanctions imposed by the United States and the European Union.

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