Abstract
The petrochemical industry is one of the main branches of Russian industry development. The average growth rate of the petrochemical industry in 2016-2018 was higher than in the manufacturing sector-about 5%; in 2019, it was 2.7%. The growth of production due to the high level of demand for the products of petrochemical enterprises determines the same characteristic of their investment activity. The desire of Russian petrochemical companies to develop the production of high-value products, economic analysis of production, structural analysis of production, availability of raw materials, assessment of energy intensity and competitiveness of existing technologies is extremely important. In this regard, the article is devoted to the management of structural changes in the business in the petrochemical industry. Recently, an analysis of average electricity consumption by petrochemical enterprises in Russia and abroad shows that enterprises lag far behind, although foreign enterprises produce slightly more than Russian enterprises in terms of production volumes. The main reason for the desire of enterprises to restructure are, of course, unsatisfactory values of financial indicators, there is also a shortage of working capital, large amounts of accounts payable, operating costs. In the process of enterprise restructuring, it is increasingly planned to create gas and petrochemical conglomerates-clusters that form the basis for the development of production; the production chain will be implemented from the production of hydrocarbons to the production of consumer goods.
Highlights
The Russian Federation has the largest hydrocarbon reserves, producing approximately 10% of the world’s oil and gas
Production of petrochemical raw materials has reached more than 60 mt, these indicators exceed the needs of the entire petrochemical industry
One of the main advantages of the Russian petrochemical industry is the low cost of raw materials which is provided by both tax and customs subsidies
Summary
The Russian Federation has the largest hydrocarbon reserves, producing approximately 10% of the world’s oil and gas. It is worth noting that more than 40% of associated petroleum gas is processed at Russian plants. Production of petrochemical raw materials has reached more than 60 mt, these indicators exceed the needs of the entire petrochemical industry. One of the main advantages of the Russian petrochemical industry is the low cost of raw materials which is provided by both tax and customs subsidies. Enterprises engaged in the production of petrochemical raw materials in the region that produce these products should enjoy this advantage. Enterprises of the petrochemical industry diversify their production by including such activities as oil and gas production and processing, developing into large vertically and horizontally integrated structures
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