Formation of economic mechanism of investment projects implementation into oil deep processing with government participation
The policy of strengthening of Russia''s importance in the global economy, being realized nowadays by the Russian Federation., the growth of Russian exports of products with high-added value, the implementation of big non-oil and gas projects with placement of orders at the Russian companies, the large-scale renewal of the industry, the adoption of stringent environmental standards contribute to the intensive development of the oil-processing sector of the economy. The concentration and consolidation of investment resources in oil deep processing are the determining factors of success when solving the following strategic tasks facing the industry: - strengthening of Russian products competitive position in the foreign markets and meeting of the domestic demand in high-quality petrochemical products of deep conversion; - production of competitive oil products corresponding to the worldwide environmental standards; - significant reduction of exports of raw oil products: heavy fuel oil, gas oil, straight-run gasoline, increase of export of petrochemical and oil-refining products with high added value, etc. High capital-output ratio of construction or updating of oil refineries require significant investments that actualizes the necessity to develop methodological grounds for evaluating their effectiveness, development of mechanisms and forms of the state participation when implementing projects and programs of development of deep oil refining.