Problems of development Russian oil industry in terms of international sanctions

• Muchkin K.P.

  National Research University Higher School of Economics (St. Petersburg)
  St. Petersburg. Russia

The present paper contains an analysis of possible ways of the further development of the Russian oil industry with special attention to the oilfield services market. A brief analysis of oilfield services market and trends of its development is made. The article shows the degree dependence of domestic companies from foreign oil field service companies in the situation of sectoral sanctions imposed on Russia.

Keywords: oilfield services market, sanctions, oil service, oil industry.