The method of forming the optimal investment policy of small and medium-sized enterprises of the oil and gas industry is described. The paper analyzes the state and prospects of small business development in the Russian oil and gas industry. Since there is turbulence in the energy market in a globalized economy, SMEs must maintain their competitiveness in this unstable, rapidly changing economic and social environment, adapting to possible changes, because the most sustainable enterprises are not the most profitable and technically equipped, but those that adapt best to changes and crisis situations. Small and medium-sized enterprises (SMEs) are important sources of economic growth, new jobs, healthy competition, contribute to the uniform development of the country's regions and the creation of an economy based on scientific knowledge and innovation.
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