DEVELOPMENT OF ECONOMIC INTEGRATION IN THE ENERGY SECTOR

The purpose of the article is to assess the attractiveness of the energy industry for the development of integration processes, taking into account the level of globalization, main segments, attractiveness factors, opportunities for integration, as well as the problems and barriers that this industry faces. The article analyzes the development of international economic integration in the energy sector in a rapidly changing world in the context of globalization. These sectors of the economy combine: production, primary and final processing and direct transportation of existing energy resources to ensure sustainable development of the national economy. The article examines macroeconomic factors that affect the investment attractiveness of the energy sector; examples of integration associations such as OPEC and OPEC+ are also given, clearly demonstrating the adaptive capabilities of their member countries to emerging changes in the global economic market. An analysis of foreign and domestic practices in the management of energy companies is carried out. In conclusion, recommendations are given to OPEC and OPEC+ member countries, and the need for economic integration is emphasized, which ensures stability and mitigation of emerging economic conflicts in the world.

Authors

Publication Details

Journal
EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYA
Published
2025-01-01
DOI
https://doi.org/10.36871/ek.up.p.r.2025.02.05.004
Primary Topic
Global Energy Security and Policy
Type
article
Field-Weighted Citation Impact
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article

DEVELOPMENT OF ECONOMIC INTEGRATION IN THE ENERGY SECTOR

Sergey N. Kukushkin, Ekaterina A. Sinelshchikova
EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYA
Global Energy Security and Policy
article

DEVELOPMENT OF ECONOMIC INTEGRATION IN THE ENERGY SECTOR

Sergey N. Kukushkin, Ekaterina A. Sinelshchikova
article en

Abstract

The purpose of the article is to assess the attractiveness of the energy industry for the development of integration processes, taking into account the level of globalization, main segments, attractiveness factors, opportunities for integration, as well as the problems and barriers that this industry faces. The article analyzes the development of international economic integration in the energy sector in a rapidly changing world in the context of globalization. These sectors of the economy combine: production, primary and final processing and direct transportation of existing energy resources to ensure sustainable development of the national economy. The article examines macroeconomic factors that affect the investment attractiveness of the energy sector; examples of integration associations such as OPEC and OPEC+ are also given, clearly demonstrating the adaptive capabilities of their member countries to emerging changes in the global economic market. An analysis of foreign and domestic practices in the management of energy companies is carried out. In conclusion, recommendations are given to OPEC and OPEC+ member countries, and the need for economic integration is emphasized, which ensures stability and mitigation of emerging economic conflicts in the world.

EKONOMIKA I UPRAVLENIE PROBLEMY RESHENIYAVol. 2/5(155)
Openalex Percentile: Top 94%
Global Energy Security and Policy
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