OPEC expects global oil demand to grow by 14.5 million barrels per day by 2040[1], but at a much slower rate than in the previous 20 years. Globally, the oil industry is also affected by the decline in light oil reserves, the increasing share of renewable energy and the development of digital technologies, which will inevitably lead to transformation within the sector. In the medium term, in order to remain successful, oil companies need to modernise production by introducing new technologies, and in the long term, by diversifying their portfolio.

What steps should our state take to remain among the leaders in the oil production and export market? How should oil-producing regions transform themselves when energy demand slows down, and how should companies diversify risks to maintain a competitive level of performance? All of this is addressed as part of a strategic session by the Vedomosti newspaper. «Modernising the economy: a leadership strategy in an era of global change.»

The Tyumen Oil and Gas Forum is one of the main industry forums of Russia, an annual business event of the international level, gathering more than 2000 experts, representatives of federal ministries and departments, top managers of companies leading the market. Includes a variety of work formats within the business program and the exhibition of innovative technologies and developments in the field of fuel and energy.

[1] World Oil Outlook 2040.


14:00 – 16:00. Strategic session. Modernising the economy: a leadership strategy in an era of global change

Andrei Sharonov, President, SKOLKOVO Moscow School of Management

Subjects for discussion
  • The future of the fuel and energy industry: the role of oil in 20 to 40 years.
  • Strategy of state regulation during an industry transformation.
  • Development of oil regions with lower demand for hydrocarbons: potential development scenarios.
  • Development strategies for oil and gas companies: plans to modernise and diversify the business.