Development of petroleum corporation in an unstable world energy market

V. M. Vasiltsova; A. P. Maslovsky

Vol 194

Pages:

230-234

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Article

Development of petroleum corporation in an unstable world energy market

Authors:

V. M. Vasiltsova¹

A. P. Maslovsky²

About authors

1 — Ph.D., Dr.Sci. professor Saint Petersburg State Mining University
2 — post-graduate student Saint Petersburg State Mining University

Date submitted:

2010-12-18

Date accepted:

2011-02-04

Date published:

2011-12-30

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.

Development of petroleum corporation in an unstable world energy market

Abstract

References

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