Review Article Open Access

TENDENCIES, PROBLEMS AND PROSPECTS OF INNOVATIVE TECHNOLOGIES IMPLEMENTATION BY RUSSIAN OIL COMPANIES

Abstract

The article is dedicated to the current state of the Russian oil complex, as well as tendencies and main problems of innovative development of the oil industry. It was found that the various negative impacts that characterize the global development of the oil industry, such as the development of alternative energy source, the increase of unconventional hydrocarbon production, the reduction of US imports of oil, the suspension of economic sanctions against Iran, the resumption of oil deliveries from Libya, the growth impairment in global oil consumption, reduce the effectiveness of innovative activities of oil companies and inhibit the development of innovative processes in the complex. It determines the need to enforce the state innovation policy and to develop recommendations to facilitate the introduction of innovative technologies. The special attention is given to studying of environmental aspects of oil companies’ activities. Recommendations for stimulating oil companies to introduce environmental innovations are developed. The analysis shows that Russian companies activity in the field of environmental innovation in contrast to the world's leading corporations is low. In the work statistical methods, methods of strategic and comparative analysis, as well as a systems approach were used. Theoretical and methodological basis of the work was the research of domestic and foreign authors, legislative and regulatory acts of the Russian Federation, the statistical and accounting data of oil companies, the Federal State Statistics Service, the Federal Tax Service of the Russian Federation.

N. V. SMIRNOVA AND G. V. RUDENKO

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