The Ministry of Energy (Minenergo) is a federal executive body responsible for drafting and implementing  government policy and legal regulation in the oil and fuel sector, including issues related to the electric power industry, oil production, oil processing, gas, fuel, peat and shale industries, major oil and gas pipelines, oil and gas products, renewable energy sources, development of hydrocarbon fields on the basis of production-sharing agreements, and the petrochemical industry;
providing state services and managing state property in the production and use of oil and fuel resources.