UDC 657.372.1
DOI: 10.36871/ek.up.p.r.2023.12.04.013
Authors
Nikita A. Koltsov,
Mikhail A. Koltsov,
Anzhelika L. Gendon,
Plekhanov Russian University of Economics, Moscow, Russia
Abstract
The oil and gas industry (in English it will be Oil & Gas Industry or abbreviated O&G) today remains the gas and oil valve of both the Russian and world economies since their share in global energy consumption in total for 2022 amounted to 51,64%. There have also been many changes in the market over the past year, leading to the construction of new factories. O&G still has a significant role in other industries, such as petrochemicals, which cannot be avoided. The industry is well suited for the in-depth study of financial modeling due to the extensive and detailed study of the process.
Keywords
oil industry, oil refineries, oil pipelines, netback, petroleum products, taxes, financing, financial modeling.
