Exploring the implications of Russian Energy Strategy project for oil refining sector

In our research we have explored the implications and adequacy of these goals. Using the developed modeling tool, we composed a long term forecast of petroleum products output and investment up to 2035. The calculation show, that a full-scale renovation of the sector to meet the advanced global standards would require over 90 billion US$ of additional investment. The goals set by the Energy Strategy project were found to be lacking in several key areas. We propose adjusting the goals to include additional target indicators and put extra emphasis on the cooperation between government and companies, both domestic and international.