New economic approaches to the production development selective management in the oil and gas region

Introduction: the oil and gas region economy is highly dependent on tax revenues from oil and gas companies and their service companies, whose profits, in turn, are significantly affected by the volatility of oil and gas prices in the world commodity markets. This determines the relevance of developing new economic approaches to managing the production development of the oil and gas region, taking into account the principle of selectivity in terms of the ratio between the share of oil and gas in regional mining activities and the share of the main types of products of the oil and gas processing industry in the manufacturing industries of a particular region.