MGIMO School of Business and International Proficiency

Oil&Gas Business

Oil&Gas Business

6 November 2018

The training will provide students with knowledge of the specifics of the oil and gas business, which will allow them to apply the acquired knowledge when forming an effective development strategy for the company.

Fuel & Energy Complex is the driving force of Russian economy. It is largely represented by Oil and Gas Industry. Over the years the Oil and Gas business has become increasingly globalized, which creates demand for the industry to have highly professional top and middle managers with knowledge of the foundations of economic and managerial disciplines. The training will provide students with knowledge of the specifics of the oil and gas business, which will allow them to apply the acquired knowledge when forming an effective development strategy for the company.

Academic supervisor — Maria Belova, Ph.D. (Economics), Director of research at Vygon Consulting; Member of Expert Sub-Group of the Russian–US Presidential Commission; Member of Expert Group for harmonization of scenarios to draw the roadmap for Russia–EU cooperation in the energy sphere through to 2050. A coauthor of the books: «Energy vector of the eastern geopolitics of Russia — Selection of oil transportation routes to the Far East, China and the Asia-Pacific region» (V.I.Yakunin, B.N.Porfiriev, A.A.Arbatov, M.A.Belova, S.S.Sulakshin, V.I.Feighin) — Moscow, «Economika», 2006., «The USA Energy policy objective picture and a national approach» at the IWEIR collection «The USA seeking to answer the XXI century’s challenges (the socio-economic aspect)». Edited by E.V.Kirichenko, Moscow IWEIR of RAS, 2010 (in cooperation with L.M.Grigoriev and A.A.Kurdin).

The MBA Program «International Oil & Gas Business» is designed for managers and supervisors in oil and gas extraction, processing, transport and sales.


Module. Management and Economics of Businesses

This module is aimed at forming a clear idea of management as an integrated management system and the formation of an economic and legal mentality in order to improve the efficiency of the organization.

  • Global Business Environment
  • Management: Theory and Practice of Organization Management
  • Economics for Managers
  • Strategic Management
  • Management Decisions
  • Innovation Management: Theory and Practice of Foresight
  • Crisis Management of the Company
  • Legal Basis of Business
  • Marketing
  • Risk Management

Module. Personnel Management and Personal Efficiency Growth

This module provides students with systematized knowledge and skills in the field of personnel management in a modern company. The module will prepare students to achieve their goals with minimal time and resources.

  • Human Resources Management
  • Leadership and Personal Efficiency Growth
  • Organizational Behavior and Team-Building Technologies
  • Business Communications
  • Ethics of Business

Module. Finances and Strategy of Businesses

The purpose of the module is to develop an understanding among the students about the functioning of the financial environment of the business. Students will learn to use the most effective methods and tools for developing, testing and implementing organizational strategy.

  • Financial Environment of Business
  • Accounting for Managers
  • Financial Analysis
  • Management Accounting
  • Corporate Finance
  • Project Management
  • Business Planning
  • Theory and Practice of Interaction between Business and Government (GR)

Module. Specialty Disciplines

This module will provide students with solid theoretical and practical knowledge on the principles of oil and gas industry management. Students will learn how they can independently utilize the acquired knowledge in order to formulate an effective development strategy of their company considering modern international experience in the field oil and gas management.

  • Overview of Regional Gas Markets
  • Economics of the Oil and Gas Industry
  • Economic Evaluation of the Effectiveness of Investment Projects
  • Legal regulation of subsoil use
  • The international legal regime of exploration and development of oil and gas fields
  • Logistics of oil, oil products and gas
  • Pricing on the world markets of oil and gas
  • Modern problems of oil refining
  • Mergers and acquisitions in the Fuel and Energy Industry
  • Analysis of the current condition on the oil and gas market
  • Innovations in the Fuel and Energy Industry

Module. Elective Disciplines

  • Management of Intellectual Assets of a Company
  • International Financial Reporting Standards
  • Wealth Management. Personal Financial Planning
  • Time Management
  • Dealing with Conflicts
  • Cross-Cultural Management
  • Effective Negotiations
  • Business Presentation Skills and the Art of Public Speaking
  • Enogastronomic Etiquette
  • Individual Coaching Sessions

Module. Business English

Site Visit Overseas Module (optional)

Upon completion of the program, students will

  • Understand the essence and features of the processes taking place in the foreign economic activity;
  • Achieve the most advanced management technologies considering the specifics of logistics processes;
  • Form effective development strategies;
  • Apply modern international management experience.

Students will also have the opportunity to interact with the industry leaders, which will allow them to learn about management practices of some of the best Russian and foreign companies first hand. During the study of business cases students will learn how to solve real world practical tasks when running a company

Certificate of Education

Students who successfully complete the MBA Program receive a Master of Business Administration degree with a specialization in «International Oil & Gas Business.»

Program cost — 820,000 RUB for the entire period of study. Payment is made by semester.

Program format — Modular (20 months), 6 two-week full-time intensive modules (from 10 a.m. to 9 p.m.)

Admission requirements:

  • Higher education degree
  • At least 25 years of age
  • At least 3 years of managerial experience
  • Applicant must have a leadership potential and a strong motivation to learn

Selection process for the MBA program

Stage 1

  • Registration
  • Motivational letter
  • Essay on a given topic

Stage 2

  • Solving of a business-case
  • Testing of English language skills

Stage 3

  • Interview with the supervisor of the program
  • Enrollment decision

Selection Date and Start of the Programme. Group formation terminates 2 weeks before the start of the training.

Other admission requirements:

  • Registration Form
  • Letter of Application addressed to the MGIMO President
  • Complete Application Form
  • University diploma with all attachments and inserts
  • 1 photo 3x4 cm
  • Identification Document
  • Copy of the Work Record Card (If applicable)

Start of the Programme – 6 November 2018

For more information please contact us at: Phone number: +7(495)434-91-53 or +7 (495) 433-17-75 e-mail: