Development of international cooperation in the oil and gas field equipment and services market

Yuri Anatolievich Savinov, Alexander Vladislavovich Khvalevich and Anna Vasil’evna Skurova
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Yuri Anatolievich Savinov: Russian Foreign Trade Academy, Moscow, Russia
Alexander Vladislavovich Khvalevich: Russian Foreign Trade Academy, Moscow, Russia
Anna Vasil’evna Skurova: Moscow State Institute of International Relations (University) MFA, Moscow, Russia

Russian Foreign Economic Journal, 2017, issue 8, 24-43

Abstract: The authors examine the main trends in the development of international cooperation in the production and foreign trade of oil and gas field equipment and services in the world economy.The dynamics and structure of exports and imports are analyzed and reveal a high share of units and parts for the assembly of finished equipment. The authors calculate the index of international cooperation in foreign trade in the equipment in question. The article identifies the dependence of the development of the market for oil and gas field construction and maintenance services from the dynamics of sales in the global market for oil and gas field equipment, and the indices of the volume of services by the cost in this market are calculated.

Keywords: Oil and gas field equipment; exports and imports of equipment; improvement of services sales; index of international cooperation in foreign trade in oil and gas field equipment. (search for similar items in EconPapers)
Date: 2017
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