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Problems and Prospects of Innovative Development of Petrochemical Enterprises

Author

Listed:
  • Olga Viktorovna Lenkova

    (Federal State Budget Educational Institution of Higher Education Industrial University of Tyumen , 38, Volodarskogo Street, 625000 Tyumen, Russia,)

  • Anton Stanislavovich Permyakov

    (Federal State Budget Educational Institution of Higher Education Industrial University of Tyumen , 38, Volodarskogo Street, 625000 Tyumen, Russia,)

  • Olga Gennadyevna Yakunina

    (Federal State Budget Educational Institution of Higher Education Industrial University of Tyumen , 38, Volodarskogo Street, 625000 Tyumen, Russia,)

  • Marina Vyacheslavovna Vechkasova

    (Federal State Budget Educational Institution of Higher Education Industrial University of Tyumen , 38, Volodarskogo Street, 625000 Tyumen, Russia.)

Abstract

The article reveals that the petrochemical sector of the Russian economy has great potential for development while remaining one of the most underperforming sectors of the domestic economy compared to the world level. Under the current conditions, the most significant task of the state and top management of petrochemical companies is innovative development of oil and gas chemistry with the purpose of improving the competitiveness of domestic products on the world markets. Findings of the analysis of conditions and factors that result in the low level of development of the Russian chemical industry are provided in order to substantiate the possibilities for the further development of petrochemistry. The factors defining the innovative activity of enterprises in the sector are indicated. Perspective tasks and problems that need to be solved to bring petrochemistry in Russia to the innovative path are presented. Sectoral specifics of petrochemical enterprises and their current state are indicated as the main reasons that hamper this process. The need for significant investment for a long period of time makes the companies unattractive to potential investors and necessitates the use of state regulation measures in innovative processes in petrochemistry.

Suggested Citation

  • Olga Viktorovna Lenkova & Anton Stanislavovich Permyakov & Olga Gennadyevna Yakunina & Marina Vyacheslavovna Vechkasova, 2017. "Problems and Prospects of Innovative Development of Petrochemical Enterprises," International Journal of Energy Economics and Policy, Econjournals, vol. 7(3), pages 321-325.
    • Handle: RePEc:eco:journ2:2017-03-39
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    Citations

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    Cited by:

    1. Elvir Munirovich Akhmetshin & Vladimir Lvovich Vasilev & Denis Sergeevich Mironov & Elena Ivanovna Zatsarinnaya & Marina Viktorovna Romanova & Alexei Valerievich Yumashev, 2018. "Internal Control System in Enterprise Management: Analysis and Interaction Matrices," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 728-740.

    More about this item

    Keywords

    Innovative Development; Petrochemical Enterprise; Problems; Prospects;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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