Significance of Busisness Development Strategy of East-Siberian Oil and Gas Companies for Social Policy of Regional Scarsely Populated Territories

Abstract

The purpose of effective development of social sphere branches for municipal territories is provision of the gross regional product growth, first of all at the expense of meeting the social and living needs of the mineral extraction regional population. Development of the East-Siberian oil and gas complex is one of the priority directions of Russias energy strategy. Major deposits of this territory located in inhabitant areas of Irkutsk Oblast administrative districts are actively being developed making considerable profit. The SWOT analysis of the current state of economic activity of major oil and gas companies indicates reserves and non-used opportunities. The four types of strategies, built up on this model, demonstrate combinations of strong and weak points, opportunities and potential threats for business development in terms of oil market price fluctuations. The approach offered in the article will allow to consider the synergy of business needs and territorial development of the utilized territories will contribute to increasing the living standards. Thereupon, it will make it possible to credibly project the processes aimed at financing the territorial activities of coordinated entrepreneurial solutions in business and social sphere.