Ways To Increase The Competitiveness Of The Oil And Gas Industry: Government Policy, Tax System And Licensing Procedure

This article explores the key factors and strategic approaches to enhancing the competitiveness of the oil and gas industry. It emphasizes the critical role of government policy, including regulatory frameworks and strategic planning, in shaping a favorable investment environment. Special attention is given to the optimization of the tax system, aiming to balance state revenue generation with industry growth incentives. Additionally, the article analyzes the importance of an efficient and transparent licensing procedure in reducing bureaucratic barriers and attracting domestic and foreign investors. The study highlights best practices and policy recommendations for achieving sustainable growth and global competitiveness in the oil and gas sector.