Government and Business

The state plays a special role in the development of the oil industry:

• direct participation in the oil business;
• investments in infrastructure;
• exploration and research works;
• various forms of legislative and regulatory impact on the industry.

Over the past few years, a tendency to strengthen the role of the state in oil and gas industry has been clearly defined. In the gas sector, for example, this is a state monopoly on gas exports. In the oil industry there is an increase in state assets.

Without a partnership between government and business, it is impossible to achieve the goals set by the Energy Strategy of Russia and to optimize the oil and gas industry structure. A public-private partnership model should be the matrix for such optimization.

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