Prospects of sustainable development of oil and gas sector enterprises of the Republic of Kazakhstan

Abstract

Purpose – of the research is to develop a mechanism of financial and economic management of the oil and gas industry based on the dynamic norm. The existing new economic realities to a certain extent have served as a stimulus for the intensification of the implementation of the policy of oil and gas enterprises in many sectors of the economy and require a real assessment of the available opportunities and the degree of expediency of their development.
Methodology – The work uses data of financial statements and information messages of the oil and gas enterprise of LLP «KazMunayGaz Onimderi», data of the Committee on Statistics of the RK, BP company, Kazakhstan Stock Exchange, EY reports (Ernst&Young), Rating Agency RFCA, legislative and normative acts of the Government of the Republic of Kazakhstan, country development strategy. The study used the principles of the system approach, methods of statistical and comparative economic analysis, peer review.
Originality/value The conducted researches contain new scientifically grounded results, the use of which provides solution of an important applied problem, in particular, in the implementation of state and regional programs in the oil and gas sector.
Findings – in the form of a methodology for analyzing and assessing the current financial and economic situation on the basis of a dynamic standard were introduced into the structural unit activities of LLP «KazMunayGaz Onimderi». This methodology allows for a qualitative analysis and assessment of the financial and economic status of LLP «KazMunayGaz Onimderi».