Open AccessAnalysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan
Author(s) -
Д. Н. Семкова,
Э. А. Бабаев
Publication year - 2020
Publication title -
upravlenčeskoe konsulʹtirovanie
Language(s) - English
Resource type - Journals
eISSN - 1816-8590
pISSN - 1726-1139
DOI - 10.22394/1726-1139-2020-9-145-159
Subject(s) - general partnership , public–private partnership , business , private sector , public sector , limited partnership , state (computer science) , finance , public administration , economic growth , economics , political science , economy , algorithm , computer science
The relevance of research on the implementation of the public-private partnership mechanism is determined by the important role of the state in investment projects of oil and gas enterprises. The article discusses the global practice and the experience of applying the mechanism of public-private partnership in the oil and gas sector of the Russian economy, identifies elements of the synergistic effect of public-private partnership, describes models of public-private partnership, presents successful examples of public-private partnership in the oil and gas sector of Russia. The key problem of the implementation of the mechanism of public-private partnership in Russia is identified, which consists in the insufficient development of medium-term and long-term financing and it is proposed to increase the level of attracted foreign capital through project financing. An assessment of the application of the mechanism of public-private partnership in the countries of the Eastern Partnership is carried out and the experience of the oil and gas sector of Azerbaijan is considered. The creation of a Public-Private Partnership Development Center in Azerbaijan is proposed to support public-private partnership policies, as well as support projects and programs of partnership between the state and business.