Cooperation of the Russian Federation and the Kingdom of Saudi Arabia in the Fuel and Energy Sector

DOI: 10.33917/es-6.198.2024.42-47

The article dwells on cooperation between the Russian Federation and the Kingdom of Saudi Arabia in the fuel and energy sector. The author examines the main areas of cooperation between two countries, which takes place despite their potential competition in the energy market, analyzes the current state of their interaction and identifies prospects for cooperation in the future. Particular attention is paid to the regulatory framework in the oil sector, to development of energy projects, including investment interest, as well as to measures for strengthening partnerships between Russia and Saudi Arabia despite the relatively weak mutual trade turnover. The results analysis makes it possible to draw up conclusions on the significance and prospects for further development of cooperation in the fuel and energy sector between the two countries.

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2. Ukaz Prezidenta RF ot 31 marta 2023 g. N 229 “Ob utverzhdenii Kontseptsii vneshney politiki Rossiyskoy Federatsii” [Decree of the President of the Russian Federation dated 03/31/2023 No. 229 “On approval of the Concept of Foreign policy of the Russian Federation”]. Konsul’tantPlyus, available at: https://www.consultant.ru/document/cons_doc_LAW_443540/b59042910d7c1d8c1b8879c93b1a5fd7ab985233/

3. Upravlenie energeticheskoy informatsii SShA [Website]. EIA, available at: eia.gov

4. Fazel’yanov E. Energeticheskie otnosheniya Rossii s Saudovskoy Araviey [Energy Relations Between Russia and Saudi Arabia]. Mezhdunarodnaya zhizn’. Arkhiv 2 nomera 2021 g., available at: https://interaffairs.ru/jauthor/material/2472

5. Soglashenie mezhdu Pravitel’stvom Rossiyskoy Federatsii i Pravitel’stvom Korolevstva Saudovskaya Araviya o sotrudnichestve v oblasti nefti i gaza [Agreement Between the Government of the Russian Federation and the Government of the Kingdom of Saudi Arabia on Cooperation in the Field of Oil and Gas]. Ministerstvo inostrannykh del Rossiyskoy Federatsii, available at: https://www.mid.ru/ru/foreign_policy/international_contracts/international_contracts/2_contract/46192/

6. Akhmed Mokhamed Abdu Khasan. Energeticheskiy dialog Rossiyskoy Federatsii i Korolevstva Saudovskaya Araviya [Energy Dialogue Between the Russian Federation and the Kingdom of Saudi Arabia]. Vestnik Rossiyskogo universiteta druzhby narodov. Seriya: Mezhdunarodnye otnosheniya, 2018, vol. 18, no 2, pp. 342–355.

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Strategic Factor of Energy in Changing the Trend of Catching-up Technological Development

DOI: https://doi.org/10.33917/es-4.178.2021.48-53

The article examines the problems of structural modernization of the Russian economy in relation to applying the fuel and energy complex potential. The author reveals regularities of structural modernization and identifies the role of the fuel and energy complex as the most important element for developing the country’s productive forces. Creating a trajectory of sustainable economic growth requires an increased efficiency of using the energy complex potential. It is substantiated that the low technical and technological level of extractive and processing sectors of the fuel and energy complex, pricing imbalances, ruble devaluation don’t meet the strategic goals of industrial development and achieving economic security

The educational aspect of the staffing of the fuel and energy complex in the Arctic region

DOI: 10.33917/mic-6.89.2019.64-69

The quantitative and qualitative imbalance in the labor market threatens the implementation of fuel and energy projects in the Arctic zone. In projects for the development of offshore fields, there is an acute shortage of specialists who possess management skills with modern computer equipment, electronics, robotic systems. The analysis of the personnel training system showed that among all the Arctic States, the Russian Arctic has the most numerous and extensive network of highly qualified personnel training. However, the functioning system of training does not meet the needs of the industry in full. The purpose of this article is to consider the importance of the educational component in meeting the needs of the Arctic zone in qualified personnel of the fuel and energy sector.

Regional Features of Implementing the Social Partnership Principles at the Fuel and Energy Complex Enterprises

#5. Longstanding Generation
Regional Features of Implementing the Social Partnership Principles at the Fuel and Energy Complex Enterprises

The article deals with the principles of social partnership at enterprises of the fuel and energy complex in the regional perspective.

Transformation of the Mechanisms for Managing the Fuel and Energy Complex (FEC) of Russia in Order to Reduce Risks and Threats: the Kremlin-2018 in a Complex Economic Reality

#6. The Charm of Unattainable Peaks
Transformation of the Mechanisms for Managing the Fuel and Energy Complex (FEC) of Russia in Order to Reduce Risks and Threats: the Kremlin-2018 in a Complex Economic Reality

The purpose of the present article is to substantiate the directions of transforming the mechanisms of the fuel and energy complex management in Russia in order to eliminate risks and threats to the national economic interests of our country, manifested in the period of oil prices falling and introduction of anti-Russian economic and political sanctions. The authors propose approaches to substantiate the ways for protecting Russia’s economic interests in relation to the fuel and energy complex (FEC) of Russia, including concentration in the state’s hands of export flows of fuel and energy resources management (supply routes, volumes of extraction, transportation), cpecification of payment terms; intercorporate coordination of measures for development, reconstruction and modernization of fuel and energy infrastructure; formation of a qualitatively new infrastructure for wholesale and retail markets for fuel and energy resources (FER); transition to setting-up abroad the energynodal management mechanism regarding supply and transportation of Russian fuel and energy resources; clarification of measures for coordination and operation of profit centers, corporate financial centers, concentration centers of possession and management of property and financial assets in relation to large Russian energy corporations, including their subsidiaries and associates of the company abroad and others. Technology under consideration is proposed as an integral part of the management technologies of the Russian economy branches in relation to possible economic fluctuations of the world economy under conditions of significant changes related to new political realities in the USA, EU, etc.