DIGITAL PLATFORMS FOR THE OIL MARKET IN THE RUSSIAN FEDERATION AND ABROAD
Digitalization of the economic system of the Russian Federation is a natural process dictated by modern requirements for the development of the international market of goods and services. The widespread adoption of digital technologies will reduce the costs of the production process, as well as spend less time on obtaining a unit of production or on providing a service. The purpose of this study is to identify the advantages and disadvantages of digital platforms for the oil market. The research is based on the analysis of digital platforms developed by vertically integrated oil companies and other legal entities. As a result of the conducted research, it was revealed that the existing digital platforms differ in their functional purpose: some allow to optimize and control all stages of the production process; others are platforms for the implementation of various software solutions for the oil industry; others are an ecosystem designed for the purchase and sale of various product categories. The results obtained allow us to conclude that the oil market is in a favorable position for the development of a modern digital platform that takes into account the advantages and disadvantages of analogues, as well as creating its own ecosystem.
Keywords: oil market, digital economy, digital platforms, information technologies, production process, marketplace, commodity markets.
Highlights:
♦ solutions for the development of digital platforms in the Russian Federation and abroad are studied. 8 digital platforms for the oil market, which are in full operation mode, were identified and analyzed;
♦ advantages and disadvantages of digital platforms for the oil market are revealed;
♦ the conclusion is made about the feasibility of developing a modern digital platform for the oil market, taking into account the existing shortcomings of Russian and foreign analogues.
Sergey I. Tereshkin, General Director of LLC Oil Resource Group.; Alexander Yu. Nefedov, Technical Director of LLC Oil Resource Group.; Vladimir A. Babkin, Candidate of Economics, R&D specialist, LLC ORG-Market.