Oil and gas companies in the innovation conditions of economic development in Kazakhstan

• Main Authors: Ziyadin Sayabek, Malayev Khakimzhan, Yessenova Gulmira, Beyzhanova Anar
• Format: Article
• Language: English
• Published: EDP Sciences 2019-01-01
• Series: E3S Web of Conferences
• Online Access: https://www.e3s-conferences.org/articles/e3sconf/pdf/2019/61/e3sconf_itese18_04025.pdf

The article shows that the implementation of oil and gas companies will be implemented in many sectors of the global economy, including the main development sector-manufacturing industry. In Kazakhstan, “positive” experience has been accumulated in connection with the implementation of the oil and gas sector, because it is one of the main aspect of the global industries in our republic. The purpose of this article is to identify trends in the innovative development of the manufacturing industry, as well as to systematize the basic elements of the development industry and economic growth of the country. The correlation analysis will show how the innovation activity of the companies influencing on the GRP of the country. The potential of the company contains any and all available resources: financial, labor, material, immaterial and others, as well as the ability of managers to manage these resources in order to create products and services and to maximize earnings. For the purpose of getting the full company value the company’s potential should be taken into account while applying the income method for valuation oil and gas companies, in calculating the discounted cash flows. The potential management can influence the value of a company and, consequently, the company management.