Bakieva Iroda,
Candidate of Economic Sciences, Associate professor of the department of “Economic
security” Tashkent Financial Institute
e-mail: [email protected]
ORCID: 0000-0002-6092-2635
Abstract. The analysis shows that currently the competitive advantages of oil and gas companies are mainly determined by the need for transformation, operational efficiency and globalization of financial and economic activities. Also, taking into account the geopolitical turmoil in the region and the changing situation in the world market, it can be said that the stabilization of the situation in the financial markets and the liberalization of the prices of energy resources is the most expected event for the oil and gas industry. For large oil and gas companies, the process of globalization makes it important to diversify their competitiveness, attract financial resources to reduce production costs through standardized products and large-scale economies, use closer business relations with other enterprises, banks to create business networks, and other issues. Increasing and improving the operational efficiency of the enterprise is recognized by the business as a real force in the market struggle for sustainable development. In addition, optimization of corporate management, automation (digitization) of production and management processes in the financial and economic activities of oil and gas enterprises is an integral part of the transformation process. In addition, local oil and gas enterprises do not have mutual coherence in making purchases through electronic trading platforms (auction, electronic store, cooperation portal). Another effect of the transformation process is that it will achieve positive results in terms of turning the system into a corruption-free sector, preventing conflicts of interest, ensuring transparency in the procurement process, and digitizing activities. The purpose of this article is to identify the main factors of increasing the competitiveness of oil and gas enterprises in the conditions of transformation, to develop proposals based on analysis and observations.
Key words. competitiveness, drilling, IPO, ERP, factors, digitalization, information load, sustainability, operational efficiency improvement, technology breakthrough strategies.