Published February 2020, Pg. 65-68

Section: Economy, management and law

UOT: 662:338.26

DOI: 10.37474/0365-8554/2020-2-65-68

Outsourcing and clustering as a development form of coope- ration in the national service industry of oil and gas production

O.B. Huseinli

The paper reviews the formation prospects of two up-to-date forms of economic cooperation in the sphere of oil and gas production – outsourcing and clustering, as well as the schematic presentation of their implementation. The outsourcing means the execution of the functions on the systematic professional support of working efficiency of the business customer by the operation company under the permanent contract. The outsourcing allows the oil-gas producing company increasing its capitalization and profit amount. Therefore, the oil company can fix innovative, scientific and technological resources in its hands providing maximum meeting of business customers’ demands. The development of oil service cluster, in its turn, aims to provide the interaction of all corporate parties. The establishment of cluster unions in oil-gas field with the participation of petroleum service companies under the principles mentioned in the paper will contribute to the development of both oil-gas complex in a whole and petroleum service market.