Abstract
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.
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