The oil and gas sector is the most important structural component of the economy, one of the main factors of labor productivity growth, productive forces and vital activity of the country's population. It provides all sectors of the economy and the population with natural gas, a wide range of motor fuels, fuels and lubricants, raw materials for petrochemicals, boiler-furnace fuel and other petroleum products. The oil and gas complex has a decisive impact on the socio-economic development of the country and its individual regions, is actually a donor for the entire economy of the state, contributes to the development of other sectors of the economy. The work of the oil and gas complex enterprises is associated with the implementation of the most important social programs on the scale of the regions and the whole state, which is the basis of economic development and largely determines the economic independence of the country, the raw material base of modern industry cannot be imagined without oil and gas. Oil and gas are not only an economical energy fuel, but also an indispensable raw material for the petrochemical industry.

The article discusses the importance of the oil and gas complex and the need for effective cost management at oil and gas enterprises. The necessity of an integrated approach to cost management is substantiated. The directions of improving the cost management system for oil and gas complex enterprises are formulated, the calculation of the cost of oil and gas is provided.

PANKOV D.A.

Doctor of Economics, Professor, Head of the Department of Accounting, Analysis and Audit in the Branches of the National Economy of the Belarusian State University of Economics, Minsk, Republic of Belarus

Е-mail: d.pankov@lund-univer.eu, https://orcid.org/0000-0003-2898-7225

IMANBAYEVA Z.O

Candidate of Economic Sciences, Associate Professor, Associate Professor of the Department of Public Administration, Finance and Marketing of Aktobe Regional University named after K. Zhubanov, Aktobe, Kazakhstan,

Е-mail: utegen_z_78@mail.ru, https://orcid.org/0000-0001-6604-4135

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oil and gas industry, costs, cost of production, unit of calculation, oil, gas, the process method