Factors of activation of the international economic cooperation in the oil and gas industry
Abstract. The article is devoted to topical issues of Russian-Chinese energy cooperation within the framework of the Shanghai Cooperation Organization, which can become an institution that contributes to strengthening the regional economic integration and defending the national interests of the SCO member states. Energy cooperation between Kazakhstan and China is considered as one of the components of the SCO energy market in the current geopolitical conditions.
Keywords: energy cooperation, economic cooperation, Shanghai Cooperation Organization (SCO), export, import
Highlights:
♦ additional significant geopolitical factors affecting the intensity and potential financial and social effectiveness of the international economic cooperation at the present stage of the world economic development are territorial proximity, the similar attitude of official authorities of countries, and the entry of such countries into the same international political and economic alliances;
♦ an important objective financial and economic condition for the activation of the international economic cooperation in general and within the oil and gas industry in particular is a comparability of interest rates of the national economic systems whose residents are real or potential subjects of such cooperation;
♦ a significant prerequisite for the intensification and improvement of the effectiveness of the international economic cooperation relations is the entry of the states - subjects of this kind of cooperation into the same political and economic alliances.
Faiz Farhat - Kazan (Volga Region) Federal University, Kazan, Russia, Maria E. Konovalova - Samara State University of Economics, Samara, Russia