Investment process management in the oil and gas corporations

The article reveals the organizational mechanism of investment process management in the corporate structures of the Russian oil and gas industry. The investment processes are investigated as an object of corporate management. The creation of an investment management system, development of its standard and methodological support, subsequent practical implementation, effective functioning and continuous improvement is a list of problems solved by the management team of oil and gas corporations. The distinction and clarification of notions “investment policy” and “investment strategy” is based on the practice of oil and gas companies. Some features of investment management in the oil and gas industry, including types of investments, types of investment projects and investment patterns are given. The paper also presents the industry-based specific character of forming and controlling investment projects, programs and portfolios. All investment processes are considered according to the investment policy of JSC “NK “Rosneft”. The purposes and principles of the investment management in Rosneft are determined. Besides, the components of the investment process in the company, and the project selection criteria are examined. The indicators for monitoring and evaluating the effectiveness of the investment management system is included in the paper.