+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






National Interests: Priorities and Security

Overcoming technological dependence in oil refining and petrochemical industry under sanctions

Vol. 20, Iss. 1, JANUARY 2024

Received: 10 July 2023

Received in revised form: 8 September 2023

Accepted: 3 November 2023

Available online: 15 January 2024


JEL Classification: E22, E65, F17, F51, O25

Pages: 122–164


Oleg V. SHIMKO Center for Innovative Economics and Industrial Policy, Institute of Economics of Russian Academy of Sciences (IE RAS), Moscow, Russian Federation


Subject. The article addresses the system of strategic planning, problems of modernization of enterprises operating in the energy sector.
Objectives. The aim is to assess the effectiveness of the current system of strategic planning in Russia, analyze the main documents (strategies, plans, programs) regulating the development of the energy sector in the context of sanctions, compare key performance indicators of oil and gas processing for major enterprises in Russia.
Methods. The study employs methods of comparative analysis.
Results. The study established that many official documents regulating the development of the energy sector duplicate each other. The main problems of the industry relate to the introduction of necessary technologies for deep oil refining, creation of modern facilities for the production of a particular type of product.
Conclusions. New sanctions on the energy sector of the Russian economy are a serious obstacle to the development of oil refining and petrochemical industry.

Keywords: sanctions, oil refining depth, yield of light products, oil refining, petrochemical industry


  1. Solomonov A.P. [Development of world oil processing under the influence of structural changes in fuel and energy balance]. Vestnik Evraziiskoi nauki, 2019, vol. 11, no. 6. (In Russ.) URL: Link; Link
  2. Solomonov A.P. [Development of world oil refining in the context of the coronavirus pandemic]. Vestnik Universiteta, 2022, no. 2, pp. 85–90. (In Russ.) URL: Link
  3. Solomonov A.P. [Development of world oil refining in the context of the coronavirus pandemic]. Vestnik Universiteta, 2023, no. 2, pp. 87–94. (In Russ.) URL: Link
  4. Zhuravlev N.D. [Spatial and industrial integration of oil refining and petrochemical industry: Royal Dutch Shell and ExxonMobil case studies]. Estestvennye i tekhnicheskie nauki = Natural and Technical Sciences, 2019, no. 3, pp. 129–133. (In Russ.)
  5. Marinina O.A., Vasil’ev Yu.N., Tsvetkova A.Yu. [Evaluation of the development strategies of the Russian oil refining sector on the example of PJSC NK "Rosneft"]. Rossiiskii ekonomicheskii internet-zhurnal, 2023, no. 1. (In Russ.) URL: Link
  6. Solomonov A.P. [Opportunities for the foreign economic expansion of Russian vertically integrated oil companies in the world oil refining segment]. Vestnik evraziiskoi nauki, 2019, vol. 11, no. 6. (In Russ.) URL: Link; Link
  7. Tyrtov E., Demidova E. [Russian oil refining: In the face of fierce competition]. Energeticheskaya politika = Energy Policy, 2021, no. 7, pp. 38–47. (In Russ.) URL: Link
  8. Skorobogat’ko O.N. [Risks of meeting the National Energy Strategy goals because of decrease in the economic efficiency of the deeper oil refining processes]. Nedropol'zovanie XXI vek = 21 Century Subsoil Use, 2019, no. 4, pp. 170–177. URL: Link (In Russ.)
  9. Deryushkin D.O., Khazova T.N., Gatunok A. [Petrochemicals: Realities and challenges]. Energeticheskaya politika = Energy Policy, 2020, no. 11, pp. 40–55. (In Russ.) URL: Link
  10. Braginskii O.B. [Development of domestic petrochemical industry: Course adjustment]. NefteGazoKhimiya = Oil & Gas Chemistry, 2019, no. 1, pp. 5–10. (In Russ.) URL: Link
  11. Kryukov V.A., Shmat V.V. [Petrochemical industry in the Russian East – Driving the economy or dragging it down?]. Region: ekonomika i sotsiologiya = Region: Economics and Sociology, 2020, no. 3, pp. 270–300. (In Russ.) URL: Link
  12. Kuptsov N.V., Samodurov M.S. [State support for petrochemicals and investments in Russian Arctic opens up new opportunities for the development of hydrocarbon resource base]. PROneft'. Professional'no o nefti = PROneft. Professionals about Oil, 2021, vol. 6, no. 2, pp. 99–106. URL: Link (In Russ.)
  13. Bolieva I.A. [Prospects of import substitution in the oil industry. The situation in oil refining]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2019, no. 1, pp. 199–201. (In Russ.)
  14. Usmanov M.R. [Management practices of import substitution in the segment of petrochemicals and oil and gas processing]. Problemy ekonomiki i upravleniya neftegazovym kompleksom = Problems of Economics and Management of Oil and Gas Complex, 2022, no. 8, pp. 47–52. (In Russ.)

View all articles of issue


ISSN 2311-875X (Online)
ISSN 2073-2872 (Print)

Journal current issue

Vol. 20, Iss. 2
February 2024