CURRENT RISKS OF RUSSIAN OIL AND GAS COMPANIES

Abstract

This article discusses the issues of risk occurrence in modern companies in the oil and gas sector using the example of PJSC Tatneft. The authors identify the main risks that may have a significant impact on the further strategic development of the company. It is concluded that in the current conditions of external economic instability, the company needs to focus on developing new business lines, such as the extraction and processing of alternative energy sources. Of the analyzed risks, the authors identified five key ones, the most significant for the company at the present time, which were presented graphically in the form of an Ishikawa diagram. The research resulted in recommendations for improving the risk management of the company under study. The proposed recommendations, according to the authors, are focused on comprehensive and comprehensive improvement of risk management approaches, which, in turn, will help PJSC Tatneft significantly increase its sustainability in the face of constantly changing market, economic and environmental factors.