2024: In Russia, the share of domestic oil and gas equipment reached 65%
As of the end of 2023, the share of domestic oil and gas equipment in Russia reached 65%. For comparison, in 2014, at the time of the introduction of the first sanctions restrictions, the figure was 43%. Such figures were announced on April 5, 2024 by the Ministry of Industry and Trade.
According to the head of the department Denis Manturov, several factors contribute to growth. In particular, from 2015 to 2023, state support for oil and gas equipment manufacturers amounted to approximately 60 billion rubles. During the specified period, the engineering industry brought to the market more than 160 import-substituting solutions.
 | We expect the trend to continue to increase the share of Russian equipment with an indicator of 70% at the end of the current [2024] year, "Manturov quotes Interfax. |  |
In the future, as planned, the import substitution process in the area under consideration will continue. In particular, the strategy for the development of the Russian manufacturing industry provides for the achievement by 2035 of a 90 percent share of Russian equipment in the structure of the oil and gas business. One of the areas of import substitution will be reverse engineering. According to Manturov, almost all fuel and energy complex companies have joined the work on the formation of uniform industry standards for equipment. This should help increase the technical sovereignty of the country's oil and gas industry.
On April 5, 2024, following a meeting of the Coordination Council for Import Substitution of Oil and Gas Equipment, a number of documents were signed with oil companies. This is a memorandum of cooperation between PJSC Gazprom Neft and PJSC Lukoil, Agreement of Intent between the Government of Russia, PJSC Gazprom Neft, PJSC TATNEFT named after V.D. Shashin and PJSC Oil Company Lukoil in order to develop the Oil and Gas Processing Equipment line, as well as an agreement of intent between the Government of Russia and JSC Gazprom Shelfproekt in order to develop the Offshore Drilling and Production Equipment[1]
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