The article discusses aspects of the project approach in the management of innovative activities of enterprises in the oil and gas sector. It is noted that the functioning of enterprises in the oil and gas sector is closely related to innovation and needs to apply a project management approach in order to timely achieve the set production objectives. It is indicated that the use of the project approach in the management of oil and gas enterprises can increase labor productivity, in general, thirteen times. It is concluded that it is advisable to adapt the accumulated extensive foreign experience in the implementation of project management in the oil and gas sector.
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