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The relevance of this study lies in the fact that the modern oil market is characterized by instability and high competition. Depletion of oil fields, deterioration of equipment for oil production, price volatility and political conflicts negatively affect Russia’s position in the global energy market. New economic conditions in 2021 are associated with a decrease in demand for oil and oil products, high import dependence, conservation wells to complete the deal under OPEC ++, which will lead to a fall in the market by 3-10%. It is necessary to apply new methods of oil production, one of which is the method of achimovka oil fields. Methods. The initial materials were statistical data from the Center for Macroeconomic Analysis and Short-Term Forecasting, the Ministry of Economic Development of Russia, the Analytical Center for the Government of the Russian Federation, world rating reports.  Results. The pandemic and self-isolation of 2020 led to the fact that the Russian oil sector lost 50-60% of proceeds from the export of hydrocarbons, more than 50% of its capitalization. To support the industry, the Ministry of Industry and Trade of Russia will allocate 35 billion rubles. until 2024 for the development of new offshore and deep oil deposits.  Conclusions. For Russian oil companies, the following is relevant: search for new sales markets (for example, Asia); application of innovative technologies to maintain the profitability of oil and gas production through the development of bazhen and achimovka; development of small deposits and deposits with hard-to-recover reserves.

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Using the Achimovka Technique in the Oil Industry as One of the Modern Ways of Increasing the Competitiveness of the Russian Federation in the World Market