Creating incentives for petrochemistry development in sanctioned economy
Under the conditions of sanctions, the development of petrochemical production in Under the conditions of sanctions, petrochemical production development in Russia is especially important both from the point of view of high-grade products growth with increased margins and the need to increase demand...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2024-08-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/5369 |
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| author | V. Ya. Afanasiev O. V. Baykova O. I. Bolshakova A. A. Romantsov |
| author_facet | V. Ya. Afanasiev O. V. Baykova O. I. Bolshakova A. A. Romantsov |
| author_sort | V. Ya. Afanasiev |
| collection | DOAJ |
| description | Under the conditions of sanctions, the development of petrochemical production in Under the conditions of sanctions, petrochemical production development in Russia is especially important both from the point of view of high-grade products growth with increased margins and the need to increase demand for hydrocarbons within the country with a decrease in export supplies. The purpose of the study is to analyze the existing and identify the main possible incentive measures of state support to enhance investment activities in modernization and creation of new production facilities of Russian petrochemical complex. Methods such as generalization, analysis and synthesis, classification and modeling were used in the work. As a study result, main problems and challenges facing the industry have been identified. Priority areas of oil and gas companies’ activity necessary for petrochemistry accelerated development, positive examples of cooperation in the field of gas processing and gas chemistry, as well as industrial clusters creation have been presented. Project financing mechanisms of the state corporation VEB.RF have been analyzed. The need to attract competent specialized Russian EPC contractors from the register recommended by VEB.RF for implementing projects in the field of petrochemistry has been explained. Using the example of methanol production and its use as a raw material for high-grade products creation, importance of long-term contractual relations between the state and business, such as agreements on protection and promotion of capital investments and special investment contracts, has been shown. The need to ensure continuity of state support measures at all stages of creating and implementing technologies for developing and improving petrochemical products has been formulated. |
| format | Article |
| id | doaj-art-7007816fef3e481da5404097b12b34c0 |
| institution | Kabale University |
| issn | 1816-4277 2686-8415 |
| language | English |
| publishDate | 2024-08-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj-art-7007816fef3e481da5404097b12b34c02025-02-04T08:28:21ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152024-08-0106455410.26425/1816-4277-2024-6-45-543125Creating incentives for petrochemistry development in sanctioned economyV. Ya. Afanasiev0O. V. Baykova1O. I. Bolshakova2A. A. Romantsov3State University of ManagementState University of ManagementState University of ManagementState University of ManagementUnder the conditions of sanctions, the development of petrochemical production in Under the conditions of sanctions, petrochemical production development in Russia is especially important both from the point of view of high-grade products growth with increased margins and the need to increase demand for hydrocarbons within the country with a decrease in export supplies. The purpose of the study is to analyze the existing and identify the main possible incentive measures of state support to enhance investment activities in modernization and creation of new production facilities of Russian petrochemical complex. Methods such as generalization, analysis and synthesis, classification and modeling were used in the work. As a study result, main problems and challenges facing the industry have been identified. Priority areas of oil and gas companies’ activity necessary for petrochemistry accelerated development, positive examples of cooperation in the field of gas processing and gas chemistry, as well as industrial clusters creation have been presented. Project financing mechanisms of the state corporation VEB.RF have been analyzed. The need to attract competent specialized Russian EPC contractors from the register recommended by VEB.RF for implementing projects in the field of petrochemistry has been explained. Using the example of methanol production and its use as a raw material for high-grade products creation, importance of long-term contractual relations between the state and business, such as agreements on protection and promotion of capital investments and special investment contracts, has been shown. The need to ensure continuity of state support measures at all stages of creating and implementing technologies for developing and improving petrochemical products has been formulated.https://vestnik.guu.ru/jour/article/view/5369petroleum and gas chemical complextechnological sovereigntystate supportindustrial clusterdevelopment institutionsproject financing factoryspecial investment contracthigh value-added productsengineeringpublic-private partnership |
| spellingShingle | V. Ya. Afanasiev O. V. Baykova O. I. Bolshakova A. A. Romantsov Creating incentives for petrochemistry development in sanctioned economy Вестник университета petroleum and gas chemical complex technological sovereignty state support industrial cluster development institutions project financing factory special investment contract high value-added products engineering public-private partnership |
| title | Creating incentives for petrochemistry development in sanctioned economy |
| title_full | Creating incentives for petrochemistry development in sanctioned economy |
| title_fullStr | Creating incentives for petrochemistry development in sanctioned economy |
| title_full_unstemmed | Creating incentives for petrochemistry development in sanctioned economy |
| title_short | Creating incentives for petrochemistry development in sanctioned economy |
| title_sort | creating incentives for petrochemistry development in sanctioned economy |
| topic | petroleum and gas chemical complex technological sovereignty state support industrial cluster development institutions project financing factory special investment contract high value-added products engineering public-private partnership |
| url | https://vestnik.guu.ru/jour/article/view/5369 |
| work_keys_str_mv | AT vyaafanasiev creatingincentivesforpetrochemistrydevelopmentinsanctionedeconomy AT ovbaykova creatingincentivesforpetrochemistrydevelopmentinsanctionedeconomy AT oibolshakova creatingincentivesforpetrochemistrydevelopmentinsanctionedeconomy AT aaromantsov creatingincentivesforpetrochemistrydevelopmentinsanctionedeconomy |