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Exploring the implications of Russian Energy Strategy project for oil refining sector

Author

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  • Kapustin, Nikita O.
  • Grushevenko, Dmitry A.

Abstract

Downstream is historically a problematic sector of Russian petroleum industry, suffering from many issues: low efficiency, import dependence and inferior products quality. In an effort to combat these problems, a large-scale modernization and renovation program has been initiated in 2011 resulting in over 35 billion US$ investments up to date, yet still many challenges remain. Russian government identifies development of hydrocarbon refining as one of the priorities of the country’s strategic development, and as such has included several goals as a part of the Energy Strategy of Russia up to 2035 project to serve as guidelines for the industry.

Suggested Citation

  • Kapustin, Nikita O. & Grushevenko, Dmitry A., 2018. "Exploring the implications of Russian Energy Strategy project for oil refining sector," Energy Policy, Elsevier, vol. 117(C), pages 198-207.
    • Handle: RePEc:eee:enepol:v:117:y:2018:i:c:p:198-207
    DOI: 10.1016/j.enpol.2018.03.005
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    Cited by:

    1. Wadim Strielkowski & Anna Sherstobitova & Patrik Rovny & Tatiana Evteeva, 2021. "Increasing Energy Efficiency and Modernization of Energy Systems in Russia: A Review," Energies, MDPI, vol. 14(11), pages 1-19, May.
    2. Gennady Osipov & Svetlana Karepova & Elena Chizhevskaya & Maxim Gnatyuk & Alexander Semin & Oksana Mikhayluk, 2018. "Directions To Improve The Effectiveness Of Russia s Energy Export Policy," International Journal of Energy Economics and Policy, Econjournals, vol. 8(6), pages 227-239.
    3. Alexander N. Semin & Vadim V. Ponkratov & Kirill G. Levchenko & Andrey S. Pozdnyaev & Nikolay V. Kuznetsov & Olga V. Lenkova, 2019. "Optimization Model for the Russian Electric Power Generation Structure to Reduce Energy Intensity of the Economy," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 379-387.
    4. Jaakko J. Jääskeläinen & Sakari Höysniemi & Sanna Syri & Veli-Pekka Tynkkynen, 2018. "Finland’s Dependence on Russian Energy—Mutually Beneficial Trade Relations or an Energy Security Threat?," Sustainability, MDPI, vol. 10(10), pages 1-25, September.
    5. Alexander N. Alekseev & Aleksei V. Bogoviz & Ludmila P. Goncharenko & Sergey A. Sybachin, 2019. "A Critical Review of Russia s Energy Strategy in the Period until 2035," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 95-102.
    6. Sergey Kashurnikov & Valeriy Prasolov & Vladimir Gorbanyov & Rodion Rogulin, 2020. "Nuclear Power Production: The Future or the Past?," International Journal of Energy Economics and Policy, Econjournals, vol. 10(5), pages 131-141.
    7. Adel Hatami-Marbini & Aliasghar Arabmaldar & John Otu Asu, 2022. "Robust productivity growth and efficiency measurement with undesirable outputs: evidence from the oil industry," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 44(4), pages 1213-1254, December.
    8. Aleksei V. Bogoviz & Svetlana V. Lobova & Alexander N. Alekseev, 2020. "Current State and Future Prospects of Hydro Energy in Russia," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 482-488.
    9. Marina V. Vasiljeva & Vadim V. Ponkratov & Elena Y. Kharlamova & Nikolay V. Kuznetsov & Maksim S. Maramygin & Maria V. Volkova, 2019. "Problems and Prospects of Development of the Oil Exchange Market in the Russian Federation," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 77-86.
    10. Zhang, Jing, 2019. "Oil and gas trade between China and countries and regions along the ‘Belt and Road’: A panoramic perspective," Energy Policy, Elsevier, vol. 129(C), pages 1111-1120.

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