DEVELOPMENT OF INDUSTRIES AND ECONOMIC SECTORS IN THE RUSSIAN NORTH AND ARCTIC

One of the strategic objectives of the Yamalo-Nenets Autonomous Okrug (YNAO) is to develop its energy sector and to increase its share of Russia’s total oil and natural gas production. Economic development is closely linked to the dynamics of a company’s competitive position in the market, underscoring the importance of evaluating business competitiveness. This article aims to provide a comparative assessment of YNAO’s oil and gas businesses based on their levels of economic development and competitiveness, while refining existing methodological approaches. The study’s scientific novelty lies in improving the methodology for evaluating both economic development and competitiveness. The authors propose a model that systematizes indicators into three key groups reflecting the effectiveness and efficiency of operations, the utilization of assets and capital, and the management of financial resources. To facilitate comparative analysis, the study introduces a scoring matrix for evaluating economic development that incorporates both static and dynamic values. The level of competitiveness is assessed using an approach based on operating efficiency and strategic positioning coefficients. The methodology for calculating the operating efficiency coefficient was refined to incorporate operating profit as a core metric. A comparative assessment was conducted for 15 oil and gas businesses in YNAO for the period from 2019 to 2023. The analysis identified the leading companies and the factors driving their success. In terms of economic development, Gazpromneft-NNG ranked highest, primarily due to increased production of liquid hydrocarbons supported by improved geological exploration. In terms of competitiveness, Novatek-Purovsky ZPK held the leading position, driven by its high operational efficiency. Future research will focus on enhancing the assessment methodology by incorporating additional coefficients and forecast-based values alongside static and dynamic indicators. The practical significance of this study lies in identifying how specific operational indicators influence a company’s economic development and competitiveness, thereby supporting more informed management decisions to improve performance.