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

Nikita O. Kapustin and Dmitriy Grushevenko ()

Energy Policy, 2018, vol. 117, issue C, 198-207

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.

Keywords: Russia; Energy strategy of Russia up to 2035; Oil refining; Forecast; Modeling (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:117:y:2018:i:c:p:198-207

DOI: 10.1016/j.enpol.2018.03.005

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