Oil and gas company policy regarding the concept of sustainable development (water resources)

Abstract

The paper considers oil and gas companies implementing the strategy of sustainable development. Being vital to the national economy, oil and gas companies have a significant impact on the environment. Having analyzed the statistical data, the authors state that the leading Russian oil and gas companies contribute to the industry dynamics and conduct eco-friendly production practices. The environmental component is reported to be integrated in production, HR, information and other company policies, which results in "greening" both economic cooperation and place of production. The authors report the inverse relation between production dynamics and significance of the impact on water resources.