Development of investment policy tools for the fuel and energy complex in modern conditions

Abstract

Aim. The presented study aims to consider opportunities for expanding the range of tools for implementing investment policy in the fuel and energy complex. Tasks. The authors determine the essence of investment policy; propose the concept of information and analytical support for the formation of investment policies of industrial complexes; establish a correlation between the development of industrial engineering and investment activity in the fuel and energy complex. Methods. This study uses system-wide methods of analysis and synthesis, as well as methods of graphical, economic, mathematical, and statistical modeling. Results. The fuel and energy complex plays a decisive role in the socio-economic development of Russia and a number of its regions. However, it still needs to be further developed – there-fore, an industry-wide investment policy is being implemented. Such a policy is specific to the sector and territory, which should be taken into account during its implementation. The key factors identified in the course of the study include the relationship between the activities of industrial enterprises with the state of the natural environment in their home regions and the significant dependence of production and investment activity on the degree of development of the industrial engineering sector. When developing and implementing an investment policy, it is recommended to take these factors into account to improve its quality. Conclusions. The presented investment policy tools for the fuel and energy complex, which make allowance for the specific factors of both regional and sectoral orientation, make it possible to develop recommendations for the formation of investment policy based on an integrated approach. They are aimed at making informed, discrete decisions and avoiding inefficient dissipation of financial resources. The implementation of the proposed mechanism is universal for most regions where enterprises of the fuel and energy complex are located, and it also makes it possible to consider individual territory- and sector-specific features.