Vertically integrated oil companies of Russia: essence, history, modernity, prospects

Khashukaev Sultan Fuadovich

the modern assessment of market competitiveness, investment attractiveness of enterprises in the hydrocarbon sector is carried out on the basis of indicators of the implementation of corporate governance reforms in the structure of vertically integrated oil (VIN) companies in Russia. Modern energy markets are characterized by a complex demand for the supply of intelligent services and high-tech products in the energy sector. In this case, this is due to the deployment of large-scale specialized production in the VIN model. The paper reveals the essence, historical experience of the formation and achievements of the current state, as well as international perspectives outlined taking into account the guidelines of the OECD Guidelines on Corporate Governance of State Enterprises. The development trends of modern energy markets are a complex request for the supply of high-tech products and intelligent services in the energy sector, including through the deployment of globally oriented specialized industries in the VIN model.

Keywords:vertically integrated oil (VIN) companies, corporate governance, sustainable development, the global energy market.