Impact of COVID-19 on the Oil and Gas industry in Russia in 2019 - 2021

Kristina Buzyka

Diplomová práce

Abstract:

The Oil and Gas Industry is one of the crucial pillars in Russian economy. The industry contributes a great part of Gross Domestic Product. Within past twenty years Russia has faced a lot of internal as well as global recessions which influenced country’s economy and all the industries. Starting from the crisis in 1998 the Oil and Gas industry has been developing with its’ ups-and-downs in production, new fields have been opened and reservoir engineering has never been stopped. During last years of a new global Covid – 19 pandemic (2019 – 2021) the world could see a decrease in production. Speaking globally Coronavirus is not the only reason of industry’s recession, but also the political tensions in the world. Covid – 19 pandemic increased unemployment rate which triggered further concerns. Obviously, the Oil and Gas industry will continue its’ development. According to the previous experience we may predict its’ performance in the future. Thus, Russia also has to cooperate on the global level in order to decrease further recessions.

Keywords

ECONOMY, oil output, GDP

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 31. 3. 2022

Obhajoba závěrečné práce

• Vedoucí: doc. Ing. Vladimír Krepl, CSc.

Česká zemědělská univerzita v Praze

Provozně ekonomická fakulta

Magisterský studijní program / obor:
Economics and Management / Economics and Management