THE CURRENT STATE OF THE OIL AND GAS INDUSTRY OF THE REPUBLIC OF KAZAKHSTAN

Abstract

The scientific article is devoted to the management of the current state of the oil and gas industry of the Republic of Kazakhstan. The main calculations in the work were carried out on the data of one of the largest companies in the oil and gas industry of Kazakhstan, on the example of the national joint-stock company Exploration Production KazMunayGas.

The activity of an oil and gas company is one of the most capital-intensive. Investments in exploration and technology are needed to sustainably operate and maintain and grow production volumes. In the context of volatility in world oil prices and exchange rates, as well as a decrease in production rates at some existing fields, it is necessary to constantly monitor the financial and economic condition of oil and gas companies.

The effectiveness of enterprise management is mainly determined by the quality of its organization. Of great importance is the monitoring of the current state, its analysis and evaluation, as well as the adoption of timely and adequate measures to improve it. In carrying out monitoring and further analysis, the main information support is the data of the financial statements of the enterprise, i.e. balance sheet and income statement.

In the process of managing an enterprise, in order to take adequate measures, it is extremely important to correctly assess the situation, determine the causes, and also develop a development strategy for the future period. The analysis of the financial and economic state implies not only a statement of facts on the state of the enterprise, not only formal assessments, but also includes identifying the causes of the current situation and finding ways and means to eliminate them, identifying new development opportunities.