Innovation in oil-producing companies as a factor in regional development (on the example of the Kaliningrad Region and the Chechen Republic)
Abstract
The oil production industry is a fundamental part of the Russian economy.
It has suffered significantly from the imposition of economic sanctions by Western countries
against the Russian economy. For many years, the industry relied on imported equipment
and technology. The imposition of sanctions forced companies in the sector to completely
rethink their approaches to organizing the production process. Today, the industry is in a
transition to a new qualitative state, actively investing in the development and implementation
of innovation. The desire and ability to create and implement innovation are becoming the
foundation of development. Innovation is currently a factor and driver of enterprise and
regional economic development. This article presents the author's approach to determining
the innovativeness of enterprises in the oil and gas sector and its impact on regional
socioeconomic development indicators. The study focused on regions with similar oil
production indicators – the Kaliningrad Region and the Chechen Republic. It was found that
while certain development indicators for enterprises in the Kaliningrad Region exceed those
of the Chechen Republic, the innovativeness of enterprises in Chechnya has an advantage.
Oil production companies generate demand for innovation and innovative processes,
demonstrating a high degree of innovation readiness. Regional governments should be the
primary "customer" for increasing the innovation capacity of oil production companies, as
there is a direct correlation between the development of oil production companies and
improved socioeconomic development in the regions.
About the Authors
Galina Gudimenko
INOTEKU Kaliningrad State Technical University
Russian Federation
Russian Federation
Rustam Salgiriev
Grozny State Oil Technical University named after Academician M. D. Millionshchikov
Russian Federation
Russian Federation
References
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2.
Review
For citations:
Gudimenko G., Salgiriev R. Innovation in oil-producing companies as a factor in regional development (on the example of the Kaliningrad Region and the Chechen Republic). Baltic Economic Journal. 2025;(4(52)):6-16. (In Russ.)
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