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National Interests: Priorities and Security
 

Investment potential of the Russian oil and gas industry

ISSUE 9, SEPTEMBER 2025

Received: 22 May 2025

Accepted: 18 July 2025

Available online: 16 September 2025

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: E22

Pages: 174-187

https://doi.org/10.24891/dhmpto

Larisa I. YUZVOVICH Corresponding author, Ural State University of Economics (USUE), Yekaterinburg, Russian Federation
yuzvovich@bk.ru

https://orcid.org/0000-0003-0906-5065

Maiya I. L'VOVA Ural State University of Economics (USUE), Yekaterinburg, Russian Federation
minlvova@mail.ru

https://orcid.org/0000-0002-8695-6737

Aleksandr I. KABAKOV Ural Federal University named after First President of Russia B.N. Yeltsin (UrFU), Yekaterinburg, Russian Federation
Sasha2014kabakov@mail.ru

ORCID id: not available

Subject. This article considers the investment potential of the Russian oil and gas industry.
Objectives. The article aims to identify issues in the oil and gas sector, and explore growth drivers and investment projects in the Russian fuel and energy complex.
Methods. For the study, we used neoclassical economic theory, as well as comparative analysis and econometric-statistical methods.
Results. The article explores the investment potential of the oil and gas sector in Russia and reveals that its technological dependence reduces the financial investment attractiveness.
Conclusions. Strategic decisions in the oil and gas sector investment policy are aimed at digital trends, greening, and export diversification.

Keywords: investment potential, oil and gas industry, investment attractiveness, multiplicative factors system, growth drivers

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