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The Significance of the Resource Intensity of the Regional Economy the Development of the Oil and Gas Chemical Complex

Author

Listed:
  • I. L. Beilin*

    (Kazan Federal University, Institute of Management, Economics and Finance street Kazan 420008, Russian Federation)

  • V. V. Khomenko

    (Kazan Federal University, Institute of Management, Economics and Finance street Kazan 420008, Russian Federation)

  • N. V. Kalenskaya

    (Kazan Federal University, Institute of Management, Economics and Finance street Kazan 420008, Russian Federation)

  • A. A. Solntseva

    (Kazan Federal University, Institute of Management, Economics and Finance street Kazan 420008, Russian Federation)

Abstract

Directions for the development of the regional petrochemical complex are directly dependent on the resource availability of the region’s territory, the level of their development, the amount of explored reserves, the volumes of extraction and rationality of use. The development and justification of the priority areas for the development of the petrochemical complex of the region for individual industries, industries and enterprises, based on the assessment of the efficiency of the use of the territory’s resources, is an important element in determining the development vector of the social and economic system of the region as a whole. The petrochemical complex of the Republic of Tatarstan includes enterprises of various petrochemical industries that produce virtually the entire range of petrochemical products. On the territory of the republic, a program has been developed and implemented that ensures sustainable reproduction and development of the mineral and raw materials base of the region, involving newly discovered minerals in the economic circulation. They allow replacing imported mineral raw materials or competing in the world market for the sale and consumption of mineral resources, products of their processing. The Republic of Tatarstan also possesses significant water and energy resources necessary for intensification of extraction and processing of raw materials by enterprises of petrochemicals. As a result of the analysis of the functioning of the petrochemical complex of this region, it was revealed that, based on the explored reserves of mineral resources, the most promising branches of the petrochemical industry are the production of organic synthesis products, which is the basis for the export of the Republic of Tatarstan. The petrochemical complex of this region is successful due to the situation on world commodity markets. The demand for mineral fertilizers and the production of organic synthesis chemistry demonstrates sustainable growth rates. The high degree of depreciation of fixed assets (more than 50%) and the insufficient level of investment are impeding the efficient functioning and dynamically developing of the petrochemical complex of the Republic of Tatarstan. In addition, the petrochemical industry is highly dependent on tariffs for the services of natural monopolies (gas, electricity), which will inevitably increase, including very significantly (to the level of European ones) due to the prevailing international situation and the natural process of the evolution of the world economy. All this can adversely affect the competitiveness of Tatarstan’s petrochemical enterprises.

Suggested Citation

  • I. L. Beilin* & V. V. Khomenko & N. V. Kalenskaya & A. A. Solntseva, 2018. "The Significance of the Resource Intensity of the Regional Economy the Development of the Oil and Gas Chemical Complex," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 328-332:5.
    • Handle: RePEc:arp:tjssrr:2018:p:328-332
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    References listed on IDEAS

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