Development of petroleum corporation in an unstable world energy market
About authors
- 1 — Ph.D., Dr.Sci. professor Saint Petersburg State Mining University
- 2 — post-graduate student Saint Petersburg State Mining University
Abstract
Specificity of functioning of Russian corporations as a form of business where the owners and managers are separated by economic interests and functions related to the economic difficulties of transition to market, and participation in world and domestic crises. Manage the capital in vertically integrated oil companies should be using the world experience. We should be linked to internal and external goals of companies in developing strategies and tactics of vertically integrated companies, strengthening the internal integration and external competitiveness, relying on government support.
Область исследования:
(Archived) Economical problems in use of subsurface and development of the mineral resources complex
Keywords:
vertically integrated oil companies
optimal capital structure
imbalance in the production structure
financial leverage
uncertainty and risk
«reactive» and «adaptive» management
sectors «upstream» and «down stream»
state regulation of vertically integrated companies
References
- Gaidar E.T. Regulation of oil market in the twentieth century // Gaidar E.T. Fall of the Empire. Lessons for Modern Russia. Мoscow, 2006. P.108 -120.
- Michael Economides, Ronald Olin . Color of oil. The world's largest business: the history, money and politics. Мoscow, 2007. 256 p.