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As the main sources of energy oil and gas play crucial role for every economy and modern civilization in general. All together with respect to the world economy dynamics, political instability and population growth worry about the prospects of energy security. It means that management in extracting industry faces new challenges going further than standard risks variations. Managers of oil and gas extracting companies have to take into account social, political, economic, environmental and legal aspects beyond decisions they make. Master program “Oil and Gas Management” provides a wide range of disciplines and research topics building up proper competences.