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ИД «Финансы и кредит»






Regional Economics: Theory and Practice

Industrial hydrocarbon production and the new opportunities for green energy

Vol. 21, Iss. 10, OCTOBER 2023

PDF  Article PDF Version

Received: 15 June 2023

Received in revised form: 27 July 2023

Accepted: 21 August 2023

Available online: 16 October 2023


JEL Classification: Q01, Q35, Q42

Pages: 1804–1829


Ol'ga A. FEDOROVA Ufa State Petroleum Technological University (USPTU), Ufa, Republic of Bashkortostan, Russian Federation

ORCID id: not available

Sergei V. FEDOSEEV Federal Research Centre – Kola Science Centre of Russian Academy of Sciences (KSC RAS), Apatity, Murmansk Oblast, Russian Federation

ORCID id: not available

Medeya V. IVANOVA Federal Research Centre – Kola Science Centre of Russian Academy of Sciences (KSC RAS), Apatity, Murmansk Oblast, Russian Federation

ORCID id: not available

Subject. This article discusses the issues of development of the petrochemical and oil refining industry of the Republic of Bashkortostan.
Objectives. The article aims to assess the prospects for the use of renewable energy sources and the modernization of traditional manufacturing industries.
Methods. For the study, we used the methods of graphic and statistical analyses.
Results. The article finds that with the depletion of proven oil reserves in the Republic of Bashkortostan, the fuel balance can be restored through oil supplies from the Arctic areas and that the development of green energy in the region is primarily associated with the production of composite fuel.
Relevance. The results of the study can be used when designing plans for the production of innovative products by enterprises of the fuel and energy complex.

Keywords: Arctic zone, oil refineries, renewable energy sources, socio-economic development, Republic of Bashkortostan


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