Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan

The relevance of research on the implementation of the public-private partnership mechanism is determined by the important role of the state in investment projects of oil and gas enterprises. The article discusses the global practice and the experience of applying the mechanism of public-private par...

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Autores principales: D. N. Semkova, E. N. Babayev
Formato: article
Lenguaje:EN
RU
Publicado: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2020
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Acceso en línea:https://doaj.org/article/4a09102d125143cfaf14737b8a31da6c
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spelling oai:doaj.org-article:4a09102d125143cfaf14737b8a31da6c2021-11-12T10:46:13ZAnalysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan1726-11391816-859010.22394/1726-1139-2020-9-145-159https://doaj.org/article/4a09102d125143cfaf14737b8a31da6c2020-10-01T00:00:00Zhttps://www.acjournal.ru/jour/article/view/1522https://doaj.org/toc/1726-1139https://doaj.org/toc/1816-8590The relevance of research on the implementation of the public-private partnership mechanism is determined by the important role of the state in investment projects of oil and gas enterprises. The article discusses the global practice and the experience of applying the mechanism of public-private partnership in the oil and gas sector of the Russian economy, identifies elements of the synergistic effect of public-private partnership, describes models of public-private partnership, presents successful examples of public-private partnership in the oil and gas sector of Russia. The key problem of the implementation of the mechanism of public-private partnership in Russia is identified, which consists in the insufficient development of medium-term and long-term financing and it is proposed to increase the level of attracted foreign capital through project financing. An assessment of the application of the mechanism of public-private partnership in the countries of the Eastern Partnership is carried out and the experience of the oil and gas sector of Azerbaijan is considered. The creation of a Public-Private Partnership Development Center in Azerbaijan is proposed to support public-private partnership policies, as well as support projects and programs of partnership between the state and business.D. N. SemkovaE. N. BabayevNorth-West institute of management of the Russian Presidential Academy of National Economy and Public Administration articlepartnershipsubsoil useoil and gas industryrisksproject financingproduction sharing agreementrussiaazerbaijanPolitical institutions and public administration (General)JF20-2112ENRUУправленческое консультирование, Vol 0, Iss 9, Pp 145-149 (2020)
institution DOAJ
collection DOAJ
language EN
RU
topic partnership
subsoil use
oil and gas industry
risks
project financing
production sharing agreement
russia
azerbaijan
Political institutions and public administration (General)
JF20-2112
spellingShingle partnership
subsoil use
oil and gas industry
risks
project financing
production sharing agreement
russia
azerbaijan
Political institutions and public administration (General)
JF20-2112
D. N. Semkova
E. N. Babayev
Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
description The relevance of research on the implementation of the public-private partnership mechanism is determined by the important role of the state in investment projects of oil and gas enterprises. The article discusses the global practice and the experience of applying the mechanism of public-private partnership in the oil and gas sector of the Russian economy, identifies elements of the synergistic effect of public-private partnership, describes models of public-private partnership, presents successful examples of public-private partnership in the oil and gas sector of Russia. The key problem of the implementation of the mechanism of public-private partnership in Russia is identified, which consists in the insufficient development of medium-term and long-term financing and it is proposed to increase the level of attracted foreign capital through project financing. An assessment of the application of the mechanism of public-private partnership in the countries of the Eastern Partnership is carried out and the experience of the oil and gas sector of Azerbaijan is considered. The creation of a Public-Private Partnership Development Center in Azerbaijan is proposed to support public-private partnership policies, as well as support projects and programs of partnership between the state and business.
format article
author D. N. Semkova
E. N. Babayev
author_facet D. N. Semkova
E. N. Babayev
author_sort D. N. Semkova
title Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
title_short Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
title_full Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
title_fullStr Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
title_full_unstemmed Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
title_sort analysis of the current state and prospects of implementation of the public-private partnership mechanism in the oil and gas industry of the russian federation and the republic of azerbaijan
publisher North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration
publishDate 2020
url https://doaj.org/article/4a09102d125143cfaf14737b8a31da6c
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AT enbabayev analysisofthecurrentstateandprospectsofimplementationofthepublicprivatepartnershipmechanismintheoilandgasindustryoftherussianfederationandtherepublicofazerbaijan
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