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Regional Economics: Theory and Practice
 

A theoretical approach to ensuring the oil and gas industry's competitiveness in conditions of raw material shortage

ISSUE 9, SEPTEMBER 2025

Received: 10 April 2025

Accepted: 27 May 2025

Available online: 30 September 2025

Subject Heading: ENVIRONMENTAL ECONOMICS

JEL Classification: L71, O32

Pages: 173-183

https://doi.org/10.24891/kbgzcz

Natal'ya N. MITINA Corresponding author, Lomonosov Moscow State University (MSU), Moscow, Russian Federation
natalia_mitina@mail.ru

https://orcid.org/0000-0003-1485-6777

Yiran BAI Lomonosov Moscow State University (MSU), Moscow, Russian Federation
fastyiran@gmail.com

ORCID id: not available

Subject. This article discusses the issues of development of the oil and gas industry in the context of global transformation of the energy sector and tightening environmental requirements.
Objectives. The article aims to systematize factors that contribute to improving the resilience of oil and gas companies in the face of escalating geopolitical and economic risks.
Methods. For the study, we used systems and comparative analyses.
Results. The article proposes an integrated approach to analyzing the competitiveness of the oil and gas industry, taking into account technological, economic, environmental, and social aspects.
Conclusions. The resource shortage requires a transition from extensive extraction to optimizing value chains. State policy in the energy sector should be aimed at supporting scientific research and development, developing infrastructure for small businesses, and implementing environmental standards.

Keywords: oil and gas industry, competitiveness, raw material shortage, value chain, sustainable development

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