Title: Actual strategic directions for the development of Russian fuel and energy companies to ensure the country's economic security

Authors: Mariya Bulatenko; Nataliia Tarasova; Alla Dyhova; Anzhela Mikaeva; Konstantin Reznik

Addresses: Moscow Power Engineering Institute, National Research University, Moscow, Russia ' Federal State Budgetary Educational Institution of Higher Education, MIREA – Russian Technological University, Russia ' Federal State Budgetary Educational Institution of Higher Education, MIREA – Russian Technological University, Russia ' Federal State Budgetary Educational Institution of Higher Education, MIREA – Russian Technological University, Russia ' Federal State Budgetary Educational Institution of Higher Education, MIREA – Russian Technological University, Russia

Abstract: The state course to develop competitive energy markets and decentralisation creates a broad yet strategic diversity of possibilities for fuel and energy companies. This study identified strategic directions for the development of enterprises in the Russian energy industries by using semantic analysis of the content of the Russian Energy Strategy, and development strategies for seven key enterprises in the Russian energy complex. Semantic analysis data were visualised using a word cloud, and keywords featured with high frequency as substantive parts of the strategies were extracted. Overall, Russian fuel and energy companies declare their refusal to develop extensively, which is confirmed by the semantic core of all the energy companies under consideration: 'development', 'asset', 'technology' and their formative ones. At the same time, the words 'digital' and 'digitalisation' are most vividly reflected only in the Energy Strategy, even though this direction is widely discussed at the government level.

Keywords: fuel; energy; energy industry; strategy; petroleum; fossil fuels; carbon; energy strategy; semantic analysis; energy security; economic security.

DOI: 10.1504/IJFIP.2023.136707

International Journal of Foresight and Innovation Policy, 2023 Vol.16 No.2/3/4, pp.166 - 184

Received: 31 Mar 2022
Accepted: 26 Sep 2022
Published online: 19 Feb 2024 *

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