Najbiddinov Suvon Orinovich,
“UNICON.UZ” LLC, on financial issues advisor to the CEO
Email: najbiddinov@unicon.uz
Orchid:0009-0003-6907-7700
Altiev Khahramon Saidovich,
PhD., Secretary of the Council of the Tashkent Institute of Finance
Email: horokhbek1986@gmail.com
Orchid: 0009-0001-6440-0607
Abstract. The oil and gas industry is pivotal for global energy supply, yet it faces significant challenges in financing innovative activities essential for enhancing operational efficiency, reducing environmental impacts, and sustaining competitiveness. This study explores various strategies to improve the financing mechanisms for innovation within the industry. Key approaches include the adoption of digital technologies, government policy support, the establishment of public-private partnerships, and the utilization of sustainable financing models. Digitalization, through technologies such as AI and IoT, can streamline operations and reduce costs, thereby encouraging investment in innovation. Government interventions, including tax incentives and subsidies, play a crucial role in mitigating financial risks associated with R&D investments. Public-private partnerships leverage combined resources and shared risks, accelerating technological advancements. Additionally, sustainable financing options like green bonds and ESG investments align with global sustainability goals and attract environmentally conscious investors.
Keywords: Oil and gas industry, innovation, financing, borrowed funds, credit, bonds, digital technologies