Home  Journals  Finance and Credit  1(433) - 2011 January

The innovative development of Russian oil&gas companies

Available online: 18 January 2011

Subject Heading: Innovations

JEL Classification: 

This paper examines the current condition of R&D expenses in world and Russian oil&gas companies. Over the last decade the world energy demand has been increased due to economic growth in developing countries. Major international oil&gas companies have increased its investment expenses, especially research and development expenses. Research and development expenses are designed by global oil companies to generate the future growth in profits and assets. This empirical investigation shows that Russian oil&gas companies considerably behind than international analogues by investments in R&D. Particularly it reflected in Russian refining: refining capacities of Russian companies do not meet international standards as low depth of oil reefing and Nelson complexity index.

Keywords: R&D, innovation, investment activity, development, oil&gas company

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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