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1
Gabdullina, G. K., G. S. Mullagayanova, S. V. Khusainova, I. Z. Gafiyatov, and B. D. Nygmetova. "State regulation measures and existing state strategy for the development of petrochemical industry in Russia." IOP Conference Series: Earth and Environmental Science 981, no. 2 (2022): 022027. http://dx.doi.org/10.1088/1755-1315/981/2/022027.
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Abstract Development of petrochemical industry, in particular the increase in the efficiency and quality of refined products, necessitates high long-term capital expenditures from oil companies. Today the process of petrochemical industry modernization is facing certain difficulties, which include lack of high-quality modern technologies and engineering, instability of tax policy, lack of qualified personnel, underfunding of projects, low profitability of oil refineries, high dependence on imports of the industry, etc. Complexity of the domestic petrochemical industry development underpins its support from the state. Currently, the development of petrochemical industry is enshrined in three state program documents. These documents include general scheme for the development of oil industry for the period up to 2020, the plan for the development of gas and petrochemicals in Russia for the period up to 2030 and the strategy for the development of chemical and petrochemical complex for the period of up to 2030. This article examines state regulation measures and existing state strategy for the development of petrochemical industry in Russia, as well as the impact and consequences of this regulation reflected on the activities of corporations.
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Alharbi, Ziyad Salem Awad. "Risk Management in Petrochemical Companies: Sankyu Company as Case Study." International Journal on Economics, Finance and Sustainable Development 6, no. 7 (2024): 93–105. http://dx.doi.org/10.31149/ijefsd.v6i7.5305.
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Numerous risks associated with petrochemical projects can lead to cost overruns and negatively impact the quality of petrochemical products. These problems result from a failure to implement a plan to manage risks related to the operation and maintenance of petrochemical equipment and machinery. Therefore, this study aims to examine the risk mitigation strategies represented by risk retention, risk control, risk prevention, and risk transfer related to improving the financial aspects of petrochemical projects. To achieve the research objectives, the study relied on the quantitative approach by using a questionnaire that included the definition of all potential risks related to operational, human, environmental, and maintenance risks. The questionnaire also included an extensive study of risk mitigation strategies. The organization distributed the questionnaire to 268 Sankyu Company employees who operate and maintain petrochemical equipment. The study sample reached 159 respondents. The SPSS statistical analysis program calculated averages and standard deviations after collecting the data. The study found that the potential risks assessed using the risk index have a significant impact on petrochemical projects. The study also provided a comprehensive guide that includes risk mitigation strategies in petrochemical projects. The study has proven effective in improving the financial aspects of petrochemical projects.
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Wu, Mingtao, Yipeng Dong, Zhengxin Liu, and Yong yang. "Research on the Impact of Environmental Regulation on the Financial Performance of Petrochemical Enterprises." SHS Web of Conferences 170 (2023): 03024. http://dx.doi.org/10.1051/shsconf/202317003024.
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China's government environmental protection-related departments attach great importance to the environmental pollution problems of petrochemical enterprises. The Environmental Protection Law as the core ecological regulation policy has been continuously improved to address the impact of macroenvironmental regulation on micro-individual petrochemical enterprises. The study subjects are 182 petrochemical companies from 2011-2021. The effect of different environmental regulations on the financial performance of petrochemical companies is studied empirically using a time-fixed effects model and a mediating effects model and using principal component analysis based on an agency cost perspective. The results show that environmental regulations significantly improve petrochemical firms' financial performance and suppress agency costs. Agency costs play a partial mediating role in the process of environmental regulations affecting financial performance.
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Bondarenko, Tatiana, Alex Borodin, Makpal Zholamanova, Galina Panaedova, Tatiana Belyanchikova, and Lira Gurieva. "Investments to the petrochemical sector: the value of the competitiveness of petrochemical companies." Entrepreneurship and Sustainability Issues 7, no. 3 (2020): 2510–25. http://dx.doi.org/10.9770/jesi.2020.7.3(70).
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Yu, Kun, Zhan Zhang, and Qi Lu. "The Petrochemical Enterprises of Low-Carbon Production Incentives Based of Game Analysis." Advanced Materials Research 616-618 (December 2012): 1627–30. http://dx.doi.org/10.4028/www.scientific.net/amr.616-618.1627.
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Petrochemical enterprises has been playing the important role in China's economic growth on the long run , but with a low carbon economy coming, how to motivate petrochemical enterprise of low carbon production become the common topic between government and petrochemical enterprise. Because the goal of Petrochemical enterprise is different from that of government, so petrochemical companies and the government are bound to expand the game in the drive of their own interests. In this paper, through constructing petrochemical game between the enterprise and the government game model, and carry on the game analysis, to study petrochemical enterprise implementation of low carbon production incentive problems, so as to inspire the government petrochemical enterprise low carbon production to provide the theory basis.
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Huo, Entong, and Dr Dennis A Sandoval. "Risk Analysis of Selected Petrochemical and Chemical Companies Towards the Development of An Enterprise Financial Sharing Model." Frontiers in Business, Economics and Management 19, no. 2 (2025): 222–34. https://doi.org/10.54097/6xf7yn31.
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This study focuses on the risk analysis of financial shared service models in petrochemical and chemical enterprises. The SOP of this paper proposes a suitable financial shared service model for petrochemical enterprises by studying the impact of financial processing data (FPD), financial shared service risk (FSR), and financial digital transformation (FDT) on the financial shared service model, as well as the interaction between FPD, FSR, and FDT. This study method aims to explore the financial sharing model suitable for the petrochemical and chemical industry through quantitative analysis. This research results presents a comprehensive and effective financial sharing model suitable for the petrochemical and chemical industry. This research conclusion presents FSM facilitates the sharing of financial risks. This recommendation is building a customized enterprise financial sharing model for the unique risk environment of petrochemical and chemical companies.
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Louw, Johan J., and Wessel Pienaar. "Framework for advanced supply chain planning: Large-scale petrochemical companies." Corporate Ownership and Control 8, no. 3 (2011): 452–63. http://dx.doi.org/10.22495/cocv8i3c4p3.
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Most petrochemical companies are undergoing radical changes. The markets being served have expanded globally, customer service expectations have increased, and demand has become much more volatile and hence less predictable. The resulting product supply chains evolve/develop over time, with integrating decision-making processes and advanced planning practices becoming more prominent. A proactive approach with longer time horizons becomes the norm for excellence. Refinery expansion and highly integrated/sophisticated manufacturing technology have also contributed to increased interdependency within and between supply chains (upstream to feed sources, downstream to end consumer, and between logistics networks). These developments resulted in what is termed advance supply chain planning. Notwithstanding its unique differences, the petrochemical industry still has a lot of ground to cover before it can reach some of the advance supply chain planning benefits reported in other industries. This article presents what is believed to be an appropriate supply chain planning approach/framework for decision making in large-scale, integrated petrochemical companies.
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Lysenko, D. V., and L. Akgun. "Analysis of Petrochemical Companies According to Accounting Statements on the Example of PJSC «Sibur Holding»." Vestnik NSUEM, no. 2 (June 19, 2021): 94–104. http://dx.doi.org/10.34020/2073-6495-2021-2-094-104.
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To survive in modern market conditions, as well as to participate in the ever-increasing competitive struggle, companies need to conduct their activities more effectively, which means that they constantly need to make a variety of decisions, which in turn entails the need to constantly give a real assessment of the effectiveness of the decisions and projects being implemented, competently conduct economic analysis, find reserves for this activity. This is where the relevance of the development of the basic methodological principles of economic analysis in the conditions of risk and uncertainty in an industry based on scientific basis taking into account the specific characteristics of the sector in question.The subject of this study is a set of both theoretical and practical aspects of analyzing the activities of petrochemical companies under conditions of risk and uncertainty, while the object of the study is Russian and foreign petrochemical and gas processing companies operating in the current conditions of the industry development.The purpose of this study is to formulate a methodology for analyzing the main indicators of the activities of petrochemical and gas processing companies and making decisions under conditions of risk and uncertainty.The development of methodological principles is supposed to be carried out on the basis of the classical scientific and methodological base, taking into account the industry specific features of the activities of petrochemical and gas processing companies. In this paper, a study of modern methods of analyzing the effectiveness of activities is carried out, and the novelty of this work consists in combining the classical theory of economic analysis with the practical methods used today by petrochemical and gas producing companies in the process of their financial and economic activities.
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Bondarenko, Tatiana, and Aleksei Bolvachev. "Methodology for assessing the economic efficiency of investment projects in petrochemical companies." E3S Web of Conferences 124 (2019): 05044. http://dx.doi.org/10.1051/e3sconf/201912405044.
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The article focuses on the issues of investment potential of petrochemical companies and the need to develop a unified approach transparent for all the participants, to assess the efficiency of investment projects in petrochemical companies. The proposed methodology is to be applied to scheduling project costs and in fact, to ground the establishment of annual financing limits for a project. Additionally, the methodology is expected to reflect the possibility of updating the main indicators, both for financing the purchase of domestic and imported equipment. The methodology also takes into account the mechanism of contract pricing, recalculation of the cost of works and services is performed according to the rules and regulations approved for the estimates in any petrochemical company, inclusive of the indices of changes in current estimated cost to base period prices. The proposed methodology for assessing the performance indicators of investment projects is one of the most multi-faceted and optimal tools for petrochemical companies for attracting additional funding from both their own and other sources. In the conditions of growing business volumes, and in case of complying with the recommendations of the state strategy for the industry growth until 2030, the proposed methodology is transparent and relevant to all the investment participants in terms of cash flow generation for the project.
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Yagafarova, G. G. "Purification of small rivers, polluted by petrochemical companies." SOCAR Proceedings, no. 2 (June 30, 2018): 82–86. http://dx.doi.org/10.5510/ogp20180200355.
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Louw, Johan J., and Wessel Pienaar. "Levels of advancement in supply chain planning by large-scale petrochemical companies in South Africa." Corporate Ownership and Control 8, no. 3 (2011): 535–47. http://dx.doi.org/10.22495/cocv8i3c5p4.
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The adoption of a full supply chain approach in the chemical industry is still relatively slow compared to other industries. Although the awareness has been kindled, very few petrochemical companies have advanced to a point where supply chain considerations and influences are proactively taken into account and incorporated in the formulation of corporate- and unit-specific business strategies/tactics, and formally structured and applied. Conventional supply chain integration concepts focus primarily on the internal and external integration of individual supply chains. Due to the highly integrated nature of petrochemical value chains, the related supply chains should also be integrated by taking account of enterprise/industry-wide synergies and interdependencies. Since not much research has been done to indicate the level of advancement in terms of supply chain planning in large-scale, South African-based petrochemical companies, this empirical research is the first of its kind. This research provides useful information regarding an understanding of the petrochemical industry, appropriate supply chain planning practices and the level of advancement in a number of related planning dimensions
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Šimáková, Jana, and Nikola Rusková. "The Role of Exchange Rates in the Stock Price Development of Chemical Companies in the Visegrad Four Countries." Comparative Economic Research. Central and Eastern Europe 22, no. 3 (2019): 117–29. http://dx.doi.org/10.2478/cer-2019-0026.
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The aim of the paper is to evaluate the effect of exchange rates on the stock prices of companies in the chemical industry listed on the stock exchanges in the Visegrad Four countries. The empirical analysis was performed from September 2003 to June 2016 on companies from the petrochemical and pharmaceutical industry. The effect of the exchange rate on stock prices is analyzed using Jorion’s approach on monthly data. In contrast to the selected petrochemical companies, the pharmaceutical companies did not use any hedging instruments in the tested period. The effect of the exchange rate on the stock price was proved only in the case of companies from the pharmaceutical industry. This suggests that exchange rate risk could be eliminated by using hedging instruments.
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Santoso, Bambang, and Tota Pirdo Kasih. "Green Lean Concept for Measurement of Sustainable Performance Mediated by Organizational Culture in Oil & Gas and Petrochemical Industry." International Review of Management and Marketing 14, no. 5 (2024): 88–100. http://dx.doi.org/10.32479/irmm.16621.
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This research explores the measurement of green lean concept in Oil & Gas and Petrochemical Industry in Indonesia to sustainable performance by examine organizational culture as a mediated. The green lean concept approach provides social benefits for industry, financial aspects, and environmental aspects that influence its performance so that it can be sustainable. A structured questionnaire was distributed among employees of the Oil & Gas and Petrochemical Industry in Indonesia. The sample consisted of 153 respondents consisting of 32 female and 121 male, and the composition consisted of Oil & Gas Companies 44 respondents; Oil Companies 87 respondents; and Petrochemical Companies 22 respondents was analyzed using the Structural Equation Modeling - Partial Least Square (SEM-PLS). The results indicate that the green lean concept is proxied by customer relationships, human resource practices, manufacturing planning and control, process and equipment, and supplier relationships have a positive and significant effect on organizational culture in the Oil & Gas and Petrochemical Industry in Indonesia. Organizational culture variable is "Fully Mediating" the sustainable performance variable in the Oil & Gas and Petrochemical Industry in Indonesia. The R-squared value is 65% that green lean concept able to explain, while the remaining 35% explained by other factors that were excluded in this research. The research outcomes contribute to the analysis of the research, broadening the writings on green lean concept and sustainable performance with a mediating of organizational culture. The research possibly will be used as a motivation for industries in Indonesia to implement green lean concept as companies that adopt green lean concept globally have the result of improving firms' endurable performance through green lean approaches.
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Inaba, Kazuya. "The Common Integration The Group Operation of Petrochemical Complexes in Japan." Journal on Innovation and Sustainability. RISUS ISSN 2179-3565 5, no. 1 (2014): 94. http://dx.doi.org/10.24212/2179-3565.2014v5i2p94-102.
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Oil and petrochemical companies are in the severe situation where they shoulddeal with various problems. In Europe, America, the Middle East, and East Asia (China, Taiwan,and South Korea), one company usually builds a large-scale factory, and consistently producesoil and petrochemical goods in the system of one company. Differently from it, two or morecompanies are concentrated in the coast landfills in Japan, and generally manufacture in thesystem of groups. The system of production in a petrochemical complex would be a mediumscalelevel if it sees worldwide. After World War II, capital was insufficient in Japan. Manycompanies advanced to the oil and petrochemical industry which seemed to have a big future.Small and medium scale factories were constructed. As a result, petrochemical complexeshave been formed with the system of groups.After the defeat of World War II, many oil companies excluding Idemitsu Kosan Co., Ltd. wereorganized for the supply of crude oil from European and American oil majors. They weredevoted to refining oil and selling it only in Japan. Moreover, the oil market in Japan had beendefended by restriction of the government. Such a system continued for years. Therefore,domestic oil companies had been aiming at improvement and efficiency of refining capacity.Their concentrating on technological development, cost reduction, and domestic share foughtin the same industry had become a main activity. The construction of global competitiveness hadbeen postponed for a while. However, after repealing protected laws, the import liberalizationof petroleum product had been taken since 1996, and cheap petroleum products had flown infrom foreign countries. The sales price had not become the same, and free competition undermarket mechanism had started. As a result, the movement of industry reorganization hadbeen accelerated.In such a severe situation, oil and petrochemical companies came up with the idea of businesscooperation in the same region in order to acquire global competitiveness. 20 companies inoil industry and chemical industry gathered round at first. Under the Research Associationof Technology Law, Research Association of Refinery Integration for Group-Operation (RING)was established in 2000. In order to gain global competitiveness, RING has acted groupoperationprograms in the industrial complexes in Japan. In this paper, I describe the historicalformation and development of petrochemical complexes in Japan.And I consider and analyzethe approach to and ways of the high-level integration for group operation. And I will explainthe meaning of the plans, and the economies arising from the group operation business.
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Yang, Hong-bo, and Lei Li. "Executive compensation stickiness and oil and gas resource enterprise value." SHS Web of Conferences 170 (2023): 03018. http://dx.doi.org/10.1051/shsconf/202317003018.
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Taking listed petroleum and petrochemical companies from 2013 to 2021 as samples, this paper empirically examines the impact of stickiness of executive compensation on the value of petroleum and petrochemical enterprises and its influence path. The results show that the stickiness of executive compensation has a positive effect on the value of petroleum and petrochemical enterprises. The stickiness of executive compensation helps to improve the resource utilization rate of petroleum and petrochemical enterprises. Resource utilization plays a partial mediating role on the main effect, and there is an influence path of "stickiness of executive compensation - resource utilization - enterprise value". Equity incentive plays a significant moderating role. The gradual improvement of equity incentive contract will weaken the positive promoting effect of stickiness of executive compensation on the value improvement of petroleum and petrochemical enterprises.
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TAZHIDENOVA, A., R. SABIROVA, ZH BISEMBIYEVA, and А. KARAMULDINA. "Strategic competitiveness of oil and gas industry." Bulletin of the National Engineering Academy of the Republic of Kazakhstan 4, no. 78 (2020): 130–35. http://dx.doi.org/10.47533/2020.1606-146x.42.
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The formation of vertically integrated companies, on the one hand, is an important stage in describing the scale of market changes, and secondly, the formation of significant structural issues of oil refining and oil transportation, as well as petrochemical enterprises. Such a complex technological decline can be explained by the lack of sufficient investment in the oil refining industry. Especially petrochemical enterprises are in a difficult situation, the lack of a stable link with raw materials suppliers, instability in the world market of petrochemical products, lack of investments hamper the development of enterprises in this field. The world market showed that in the field of oil refining and petrochemical companies their consolidation at the corporate level, as a result of which there are no prospects for the development of private oil companies, without which their competitiveness can not be increased. From this point of view, the topic of the article is relevant. Theoretical and practical bases of competitiveness of oil and gas enterprises and its management were considered. The study of the theoretical bases of competition, competitiveness and management of competitiveness, as well as factors influencing competitiveness, allowed to describe competitiveness in a comparative degree. You can note such factors that affect the competitiveness of the enterprise, as the competitiveness of products, the competitiveness of technology and the competitiveness of personnel.
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TAZHIDENOVA, A., R. SABIROVA, ZH BISEMBIYEVA, and А. KARAMULDINA. "Strategic competitiveness of oil and gas industry." Bulletin of the National Engineering Academy of the Republic of Kazakhstan 4, no. 78 (2020): 130–35. http://dx.doi.org/10.47533/2020.1606-146x.42.
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The formation of vertically integrated companies, on the one hand, is an important stage in describing the scale of market changes, and secondly, the formation of significant structural issues of oil refining and oil transportation, as well as petrochemical enterprises. Such a complex technological decline can be explained by the lack of sufficient investment in the oil refining industry. Especially petrochemical enterprises are in a difficult situation, the lack of a stable link with raw materials suppliers, instability in the world market of petrochemical products, lack of investments hamper the development of enterprises in this field. The world market showed that in the field of oil refining and petrochemical companies their consolidation at the corporate level, as a result of which there are no prospects for the development of private oil companies, without which their competitiveness can not be increased. From this point of view, the topic of the article is relevant. Theoretical and practical bases of competitiveness of oil and gas enterprises and its management were considered. The study of the theoretical bases of competition, competitiveness and management of competitiveness, as well as factors influencing competitiveness, allowed to describe competitiveness in a comparative degree. You can note such factors that affect the competitiveness of the enterprise, as the competitiveness of products, the competitiveness of technology and the competitiveness of personnel.
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Квиткина, Ю. А. "Financial risks of Russian petrochemical companies: impact of COVID-19 on macroeconomic indicators." Экономика и предпринимательство, no. 4(117) (June 1, 2020): 1297–301. http://dx.doi.org/10.34925/eip.2020.117.4.279.
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В статье представлен сравнительный анализ развития мировой и отечественной экономик в условиях пандемии COVID-19, позволивший выявить особенности дальнейшего развития макроэкономических показателей, влияющих на финансовое состояние российских нефтехимических компаний. В работе отражены основные положения сценарного изменения факторов, предопределяющих финансовые риски российских компаний нефтехимической отрасли. The article presents a comparative development analysis of the world and domestic economies in the context of the COVID-19 pandemic, which allowed to identify the features of further macroeconomic indicators that affect the financial condition of Russian petrochemical companies. The work reflects the main provisions of scenario changes in the factors that determine the financial risks of Russian companies in the petrochemical industry.
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Abreu, Monica Cavalcanti Sá, Claire Y. Barlow, José Carlos Lázaro Silva Filho, and Francisco Assis Soares. "Structural reform and environmental proactivity: the case of brazilian companies." RAM. Revista de Administração Mackenzie 11, no. 4 (2010): 154–77. http://dx.doi.org/10.1590/s1678-69712010000400007.
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Since the mid 1990's, Brazilian companies have faced a huge structural reform associated with trade liberalisation, deregulation and decrease of state intervention. In this context, they have been pressured to behave in a more socially and environmentally responsible manner. The objective of this paper is to identify whether environmental strategies were influenced by degree of internationalization, size and stakeholders' pressures. It was used the strategy of case study with the technique of systematic interviews for primary data collection. The research was conducted in petrochemical, steel, textile and shoe industries, established in different Brazilian states, chosen by theoretical sampling. The empirical results demonstrate that modern preventive natural environmental approaches seem clear in large companies that have international investors and operate in global markets. It is markable in the steel and petrochemical companies. The study finds that the structural reform has caused a positive environmental effect on Brazilian companies because global ties increase self-regulation pressures and enforces the engagement of a new range of stakeholders.
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Al-Naeem, Manar, Al-Faisal Mohamed, and Fayez Jarad. "The Impact of Implementing ISO 31000 Risk Management Standards on the Effectiveness of Risk Management at Saudi Petrochemical Companies." International Journal of Financial, Administrative, and Economic Sciences 3, no. 8 (2024): 742–76. http://dx.doi.org/10.59992/ijfaes.2024.v3n8p19.
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This study investigates the impact of implementing ISO 31000 risk management standards on the effectiveness of risk management at Saudi petrochemical companies, a leading company in the petrochemical industry. ISO 31000 is a globally recognized framework that provides principles and guidelines for managing risks systematically and effectively. The study begins with an overview of the importance of risk management in large organizations, highlighting the challenges and risks faced by companies in a complex and dynamic environment. It then reviews ISO 31000 standards, including its core principles and framework aimed at improving the risk identification, assessment, and treatment processes. Additionally, the study examines the current risk management practices at Saudi petrochemical companies and evaluates how the application of ISO 31000 standards has influenced these practices. The research employs a methodology that includes collecting data through surveys and interviews with employees and risk management officials at the company, as well as analyzing relevant documents related to processes and policies. The findings indicate that the implementation of ISO 31000 has significantly enhanced the effectiveness of risk management at Saudi petrochemical companies. Notable benefits include improved risk identification and assessment accuracy, as well as the development of more effective risk treatment strategies. The standards also contributed to raising risk awareness within the company and fostering a more adaptive organizational culture capable of addressing new challenges. The study also identifies some challenges encountered during the application of the standards, such as the need for ongoing training and the development of advanced analytical tools. However, the benefits achieved outweigh these challenges, suggesting that investing in ISO 31000 implementation can be highly valuable for leading companies. Based on the results, the study recommends continuing to enhance the application of ISO 31000 across all departments within the company, developing regular training programs to ensure employee adherence to the standards, and further improving the tools and methods used in risk management to achieve optimal effectiveness. This study provides valuable insights into improving risk management in large organizations and offers practical models that other companies across various sectors can benefit from.
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Girfanova, Elena Y. "THE PROCESS OF MAKING MANAGEMENT DECISIONS IN PETROCHEMICAL INDUSTRY ENTERPRISES." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 8/8, no. 149 (2024): 22–30. https://doi.org/10.36871/ek.up.p.r.2024.08.08.003.
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The current situation associated with the period of sanctions against Russian enterprises requires certain changes in the industrial enterprise management system. Modern petrochemical enterprises form the basis of the industry, the regional and national economy. Therefore, they bear special responsibility for the results of their activities. Modern petrochemical enterprises are influenced by environmental factors, stakeholder groups, which determine, among other things, the organizational structure of the enterprise. The main goal of the enterprise is economic efficiency and competitiveness. Modern petrochemical companies are influenced by the business environment, are forced to change their organizational structure, be competitive, and ensure high quality standards.
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Bazargan, Amir, Seyyed Esmaeil Najafi, Farhad Hoseinzadeh Lotfi, Mohammad Fallah, and Seyyed Ahmad Edalatpanah. "Presenting a productivity analysis model for Iran oil industries using Malmquist network analysis." Decision Making: Applications in Management and Engineering 6, no. 2 (2023): 251–92. http://dx.doi.org/10.31181/dmame622023705.
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Organizational performance evaluation is a crucial factor in making strategic decisions for the future. To plan for economic growth, it is important to measure the efficiency and productivity of organizations. Efficiency is a key indicator for evaluating the optimal performance of economic units. Petrochemical companies are vital components of a country's economy and their operations contribute to the growth and progress of different sectors. In countries where the economy relies heavily on this industry, such as ours, petroleum is of utmost importance. Data Envelopment Analysis is a widely used method for measuring productivity. This study aims to analyze the performance evaluation relates to the supply chain of petrochemical companies using the network DEA and Malmquist index. Efficiency and performance indices are calculated for each stage of the process. The study determines the indices through literature review, expert consultation, analysis, and visits to petrochemical companies. The input- and output-oriented multiplier models are used to assess overall and stage efficiencies. Using the efficiency values, the Malmquist productivity index is determined. The study examines unit productivity for the years 1395 to 1398, and the results indicate that most of the units experienced productivity growth during this period.
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Omar, Durrah, Allil Kamaal, Gharib Moaz, and Alhamoud Abdulkarim. "How Different Styles of Conflict Management Determine Creativity? Exploring Petrochemical Companies in Oman." Journal of Economics and Business 1, no. 4 (2018): 455–63. https://doi.org/10.31014/aior.1992.01.04.41.
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Can conflict be turned into creativity if managed in a certain style? This study aims to explore the impact of conflict management styles (Collaboration, Avoidance, and Accommodation) on the creativity in the Petrochemical companies in Oman. Using a questionnaire, data have been collected, applying simple random method, from employees working in two petrochemical organizations. A final 147 questionnaires were valid for statistical analysis. Multiple regression analysis was utilized to investigate the impact of the styles of conflict management on creativity. The results show that only two styles of conflict management, namely (Collaboration and Accommodation) have an effect on creativity, while Avoidance style found to have no significant effect. The implications of this study are discussed.
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VARYUSHIN, A. V., та A. N. LEONOV. "ТЕОРЕТИЧЕСКИЕ АСПЕКТЫ ОРГАНИЗАЦИИ ИННОВАЦИОННОЙ ДЕЯТЕЛЬНОСТИ НА ПРЕДПРИЯТИЯХ НЕФТЯНОГО СЕКТОРА". Экономика и предпринимательство, № 11(148) (13 травня 2023): 1181–84. http://dx.doi.org/10.34925/eip.2022.148.11.233.
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This article analyzes the innovative development of enterprises in the petrochemical industry. The industry indicators that are necessary for the global development of Russian companies are described. The dynamics of the development of the petrochemical sector of the national economy is presented. В настоящей статье проведен анализ инновационного развития предприятий нефтехимической отрасли. Описаны показатели отрасли, которые необходимы для глобального развития российских компаний. Представлена динамика развития нефтехимического сектора национальной экономики.
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Ali Alabbas, Safa, and Refaat Hassan Abdel-Razek. "Mapping and Benchmarking Technological Innovation of Three International Petrochemical Companies." Journal of Innovation Management 4, no. 3 (2016): 101–24. http://dx.doi.org/10.24840/2183-0606_004.003_0008.
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Mapping technological innovation in organizations is one of the important activities that help companies to identify where organizations are clustering their innovation efforts, and where their unexplored innovation spaces are. Current published innovation mapping models do not take into consideration the comparison and benchmarking between organizations in one model. The objectives of this paper are to map innovation in three international petrochemical companies: Gulf Petrochemical Industries Company (GPIC), Saudi Basic Industries Corporation (SABIC), and Dow Chemical; compare and benchmark the results; and explore the possible areas for their innovation opportunities. An innovation mapping model was developed. Innovation data covering three years (2010-2012), were collected, analyzed and mapped on the model. The results showed that the three companies introduced a total of 194 innovations; 53% by Dow Chemical, 38% by SABIC and 9% by GPIC. Product innovations were the dominant type as they presented 57% of total innovations, where 54% of these were introduced by Dow Chemical, 46% by SABIC, and none by GPIC. Position and paradigm innovations were the least innovation type produced, where only 3% of the total innovations were in position and 1% in paradigm. The results also showed that multi-dimensional innovation represented 23.7% of total innovations, where 67.5% of these were produced by Dow Chemical, 28% by SABIC, and only 4.5% by GPIC. Product-process innovations represented 50% of the total multi-dimensional innovations. During this period only 5.7% of the total innovations were radical innovations; these were all introduced by Dow Chemical. The benchmarking results showed that product innovation was the strength in SABIC; process innovation was the strength in GPIC; and product, radical, product-position, process-position and product-paradigm were the strengths in Dow Chemical. For GPIC there are possible innovation opportunities in product, product-process and process-position innovations; for Dow Chemical and SABIC, in the process area. There are possible opportunities in radical innovation in GPIC and SABIC and plenty of innovation opportunities in the position and paradigm areas for the three companies.
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Babicheva, A. S., E. O. Rehovskaya, and I. Yu Nagibina. "IMPROVEMENT OF WASTE WATER TREATMENT SYSTEM AT THE PETROCHEMICAL COMPANIES." Actual Issues Of Energy 2, no. 1 (2020): 095–99. http://dx.doi.org/10.25206/2686-6935-2020-2-1-95-99.
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Gainochenko, T. M., and M. V. Gainochenko. "Challenges and problems of petrochemical companies’ use of secondary resources." UPRAVLENIE / MANAGEMENT (Russia) 10, no. 3 (2022): 16–28. http://dx.doi.org/10.26425/2309-3633-2022-10-3-16-28.
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Filho, Anastacio Pinto Goncalves, Jose Celio Silveira Andrade, and Marcia Mara de Oliveira Marinho. "A safety culture maturity model for petrochemical companies in Brazil." Safety Science 48, no. 5 (2010): 615–24. http://dx.doi.org/10.1016/j.ssci.2010.01.012.
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Ghasemi, Ahmadreza, and Mohamad Nadiri. "Performance assessment of Iranian petrochemical companies using sustainable excellence model." Safety Science 87 (August 2016): 280–91. http://dx.doi.org/10.1016/j.ssci.2016.04.014.
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Maboudian, Yasaman, and Kamran Rezaie. "Applying data mining to investigate business continuity in petrochemical companies." Energy Sources, Part B: Economics, Planning, and Policy 12, no. 2 (2017): 126–31. http://dx.doi.org/10.1080/15567249.2015.1076907.
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Kim, Sung-Ryong. "Analysis of Korea's Export Competitiveness with Indonesia and the Utilization of the Korea-Indonesia CEPA." Korean Academy Of International Commerce 38, no. 1 (2023): 197–213. http://dx.doi.org/10.18104/kalc.2023.38.1.197.
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Purpose: This study analyzes the export competitiveness of Korean products in the Indonesian market. It suggests ways to use the Korea-Indonesia CEPA.
 Research design, data, and methodology: Export statistics on the main products in auto parts and the steel and petrochemical industries are extracted in terms of HS 4 units from the International Trade Centre Trade Map. The Trade Specialization Index (TSI) is calculated for Korea and Indonesia, and the Market Comparative Advantage (MCA) index is calculated for Korea and ASEAN countries in the Indonesian market.
 Results: From analyzing the TSI, Korea is dominant in the Indonesian market. Under the MCA index, compared to ASEAN countries, Korea had an absolute advantage in steel products. However, the petrochemical sector is competitive, and the auto parts industry is inferior.
 Conclusions: The automotive parts industry and the steel products industry are predicted to increase their competitiveness, but the analysis showed it will not be easy. In addition, the petrochemical sector should be more aggressive in marketing Korean companies by using the KI-CEPA, because local companies in Indonesia are increasingly competitive.
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Lee, Soo-Hyun, and Su-Yol Lee. "An Analysis of the Effects of Climate Change Policy, Stakeholder Pressure, and Corporate Carbon Management on Carbon Efficiency on the Korean Petrochemical Industry." Sustainability 10, no. 12 (2018): 4420. http://dx.doi.org/10.3390/su10124420.
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Climate change is a challenging issue for government and society as well as in business circles; it has the potential to transform the competitive business environment entirely. This study analyzed the carbon efficiency of petrochemical companies subject to the Target Management System, a Korean carbon policy. The results of data envelopment analysis of 20 Korean petrochemical companies over three years yield some interesting findings. First, companies showed a wide range of carbon efficiency ranging from 0.05 (the least efficient) to 1.00 (the most efficient). Second, because this gap is so wide, the effect of the TMS carbon policy was not apparent. Third, pressure from media and financial investors facilitates carbon efficiency. Fourth, firms’ efforts toward low-carbon product/technology development also improve carbon efficiency. This study provides some implications for managers and policy-makers who wish to foster firms’ competitiveness and reduce greenhouse gas emissions at the same time.
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Khairullin, Ilshat, Alina Khasanova, and Guzel Khaziakhmetova. "Management of economical and structural changes of business in energy-intensive industrial sectors: Using the example of the petrochemical industry." International Review, no. 3-4 (2020): 65–72. http://dx.doi.org/10.5937/intrev2003065k.
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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.
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Inaba, Kazuya. "Economies of Combination Innovation from Group Operation in Petrochemical Complex." Journal on Innovation and Sustainability. RISUS ISSN 2179-3565 2, no. 3 (2011): 68. http://dx.doi.org/10.24212/2179-3565.2011v2i3p68-74.
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The circumstances in the oil and petrochemical industry recently have been severe. Under such a severe competitive situation, oil and petrochemical companies come up with the idea of business cooperation in the same region in order to acquire global competitiveness. In this paper, the approach and ways of the high-level integration for group operation in petrochemical complex are analyzed. The author explains the case in business cooperation, and introduces the advanced projects in Japan. And economies arising from group operation are considered. Cooperation with some businesses would be effective for energy conservation and environmental measures, and would advance to pursue some social interests. The paper proposes that economies in group operation have made possible simultaneous implementation o f two strategies, Cost Leadership and Product Differentiation.
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Yedilbayeva, L. I. "Programs for managing professional risks in petroleum and gas chemical productions." Neft i Gaz 140, no. 2 (2024): 222–29. http://dx.doi.org/10.37878/2708-0080/2024-2.17.
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The article considers hazardous production factors at workplaces in the oil and gas industry according to foreign studies and sources. The products of the oil and gas industry are in high demand everywhere as fuel or raw materials in the chemical and petrochemical industries. However, in the process of processing associated with their production, various categories of threats to technological safety and personal become the cause of accidents and occupational diseases. The data of the Federation of Trade Unions of the Republic of Kazakhstan on injuries in the petrochemical industry at the end of 2023, the experience of international and domestic companies in the petrochemical industry on preventive and rehabilitation measures in the event of labor injury and occupational disease are presented.
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Gonçalves, Leandro Rodrigues, and Fernando Carvalho De Almeida. "How Technology Intelligence is Applied In Different Contexts?" International Journal of Innovation 7, no. 1 (2019): 104–18. http://dx.doi.org/10.5585/iji.v7i1.271.
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Technology Intelligence is one of the many ways of applying Competitive Intelligence. As CI, TI intends to detect and process weak signals in order to identify opportunities and threats and provide actionable information. There is still a gap in reported cases of companies actually applying Technology Intelligence. This article intends to answer the research question: How companies build an actionable technology intelligence project? Case Study and Action-research approaches were applied for this research. The article describes two application cases: a research institute with a petrochemical industry as a client; and a private petrochemical industry. Companies seem to not know how to deal with Technology Intelligence. When outsourcing, they are more willing to pay for an extremely comprehensive project that not necessarily needs to be so deep and complex. When doing it internally, decision makers are not willing to wait and give the TI analysts resources to conduct a project in the right deepness and complexity. It seems like a “goldilocks problem” applied to Technology Intelligence.
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Plyaskina, Nina, Viktoriya Kharitonova, and Irina Vizhina. "TRANSFORMATION OF STRATEGIES OF OIL AND GAS RESOURCES DEVELOPMENT IN THE EAST OF RUSSIA." Interexpo GEO-Siberia 3, no. 1 (2019): 192–201. http://dx.doi.org/10.33764/2618-981x-2019-3-1-192-201.
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The article presents an analysis of trends in the strategic priorities of the state, resource companies and subjects of the Federation at the stage of intensive development of oil and gas resources in Eastern Siberia and the Republic of Sakha (Yakutia). It is shown that issues of coordinating the strategies of resource companies to ensure the comprehensiveness of the use of hydrocarbons and effective access to world markets for petrochemical products in a competitive environment come to the fore. The transformation of the strategies of resource companies is presented in the form of changing priorities in the preparation of reserves and the extent of involvement of new production areas, in the investment policy of attracting foreign investment in projects of primary and advanced processing of hydrocarbon resources in Russia or China. The change of strategic directions of cooperation of companies with Chinese business in the formation of the East-Siberian oil and gas complex (VSNGK) based on innovative technologies of organizing oil and gas services is shown. The conformity of strategic interests of companies to state priorities, the consequences of changes in the strategies of resource companies on the implementation of projects of the State Plan for the development of petrochemical and chemical clusters were evaluated.
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Catalin, Popescu. "Decisions Optimization Related to the Production Within Refining and Petrochemical Industry." International Journal of Trend in Scientific Research and Development 3, no. 1 (2018): 1094–101. https://doi.org/10.31142/ijtsrd20189.
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The paper underlines the use of quantitative analyses and mathematical models to optimize the decision within companies from oil and gas industry. It will be presented a case study from a refinery that use RPMS Refinery and Petrochemical Modeling System software for optimizing LPG blends. Catalin Popescu "Decisions Optimization Related to the Production Within Refining and Petrochemical Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-1 , December 2018, URL: https://www.ijtsrd.com/papers/ijtsrd20189.pdf
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Utama, Yusuf Ammar, and Mokhamad Anwar. "Valuasi Nilai Relatif dan Intrinsik Saham Sektor Petrokimia." Jurnal EMT KITA 9, no. 2 (2025): 402–18. https://doi.org/10.35870/emt.v9i2.3742.
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This study was conducted to determine the results of the valuation analysis of petrochemical sector stocks in Indonesia using the intrinsic value valuation method and relative valuation by comparing market prices. The research method used to conduct valuation is the intrinsic value approach using Discounted Cash Flow (DCF) with the Discounted Cash Flow (FCFF) model and relative value using the Price to Earnings (P/E), Price to Sales (P/S), and Price to Book Value (PBV) ratios. The sampling technique in this study is Purposive Sampling in accordance with predetermined criteria, namely petrochemical sector companies listed on the Indonesia Stock Exchange (IDX) for the period 2019 - 2023. Stock analysis is carried out using the Top-Down Approach, starting with macroeconomic analysis, industry analysis using Porter's Five Forces, and company analysis using financial ratios. The results of intrinsic and relative value valuation that petrochemical sector stocks there are four companies that are considered overvalued, namely, BRPT, TPIA, FPNI, and ADMG. UNIC is the only one that is undervalued with an intrinsic value above the market price. So it is recommended to buy UNIC shares and sell BRPT, TPIA, FPNI, and ADMG.
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Ponikarova, Anna. "Environmental constituent of the petrochemical complex sustainable development." E3S Web of Conferences 486 (2024): 04021. http://dx.doi.org/10.1051/e3sconf/202448604021.
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This article studies the ongoing processes of environmental safety formation in the context of sustainable development of companies. It is hypothesized that during changes most companies in the petrochemical industry of the Republic of Tatarstan underestimate the need for a comprehensive modernization of the environmental component of sustainable development. In conditions of disturbances and uncertainty in the external environment it leads to increased entropy and loss of effectiveness of discrete measures to improve the environmental safety of enterprises. The study carried out an analysis with a depth of study of more than five years, which is characterized by the emergence of economic and social risks of a global nature and reveals the degree of their influence on the environmental safety of a complex strategically important for the republic. In conclusion, it is concluded that increasing systematicity in environmental safety management under conditions of uncertainty leads to an increase in the rate of sustainable development and the effect of production activities.
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Kaman, Zeittey Karmilla. "EMS 14001: An Instrument for Environmental Protection- A Petrochemical Perspective." International Journal of Business and Management 3, no. 2 (2019): 16–20. http://dx.doi.org/10.26666/rmp.ijbm.2019.2.2.
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The purpose of this paper is to explain the process of environmental protection in one of the leading petrochemical company in Malaysia. In so doing, the paper shared its findings by using a single case study. The paper indicates that EMS ISO14001 is an environmental protection mechanism that guide company, particularly of same nature i.e. petrochemical. The paper shows that environment problems caused by petrochemical companies has both practical and environmental implications. The effects of environmental degradations on the habitat and society are serious, thus the findings add value to minimize if not reduce environmental issue. The paper contributes to new knowledge in several ways; emphasized on the use of EMS ISO 14001 as means of environmental protection model and giving original idea that broaden the perspective of environmental protection.
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SEVERICHE SIERRA, CARLOS ALBERTO, Rocío Gutiérrez Echeverría, Jorvich García Correa, Geraldine Morales Simancas, and Orleydis Batista Ayola. "Elements of the Control Process for Quality Management in Companies in the Petrochemical Sector." Revista Científica Profundidad Construyendo Futuro 22, no. 22 (2025): 1–9. https://doi.org/10.22463/24221783.4666.
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The elements of the control process for strengthening quality management in petrochemical companies were identified. Work with a quantitative approach, explanatory type, is considered field with non-experimental, transactional design. The intentional sample was 16 managers from different petrochemical companies who were involved with the organizational processes of administrative areas. The observation technique through a survey was used, the applied questionnaire has items with multiple response options for five (5) alternatives, as follows: Always; Almost Always; Sometimes, Almost Never, and Never. The results reveal that the advantages of digital transformation are almost always taken advantage of because customer experience, efficiency, data are analyzed, and there is capture, conversion and loyalty, that the advantages of digital transformation are taken advantage of, which is why management is indifferent to its implementation. These findings are aligned with the recommendations of the literature on the importance of the constant application of quality tools and the integration of digital technologies.
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Echegaray, D. F., and R. F. Olivieri. "Biologically Resistant Contaminants, Primary Treatment with Ozone." Water Science and Technology 29, no. 8 (1994): 257–61. http://dx.doi.org/10.2166/wst.1994.0420.
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Organic effluent oxidation tests were conducted in petrochemical companies, in the Camaçari Petrochemical Complex, to reduce treatment costs and improve the primary treatment efficiency in each industrial process. Ozone achieved 99.96 percent benzene reduction and 100 percent ethyl benzene and toluene reduction. Process efficiency is strongly dependent on the wastewater chemical composition and concentration. For this reason it is necessary to run pilot plant trials for each specific case. Ozone was obtained feeding commercial oxygen through a corona discharge generator and dissolved in the effluent with a bubble column. Commercial oxygen was used instead of air to increase 250 percent the ozone production, with the same ozone generator.
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Abdollahzadeh Namini, FarahAngiz, Roholah Samiei, and Alireza Mazeidi. "Presenting a Model of Managers' Behavior in the Digital Age with a Structural Equation Modeling Approach in Petrochemical Companies." International Journal of Innovation Management and Organizational Behavior 4, no. 3 (2024): 133–42. http://dx.doi.org/10.61838/kman.ijimob.4.3.16.
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Objective: The purpose of this research was to present a model of managers' behavior in the digital age using a structural equation modeling approach in petrochemical companies. It was a behavioral model for managers in the digital age utilizing structural equation modeling. The research methodology was applied in purpose and exploratory in nature. Methodology: The research method was quantitative-descriptive and applied in objective. The study population consisted of managers of petrochemical companies affiliated with the National Petrochemical Company of Iran, where 105 managers were selected as the research sample. The dimensions of the model were examined and analyzed using the interpretive structural equation method with Smart PLS software. Findings: The results demonstrated that in the paradigmatic model, the causal conditions of the studied phenomenon included human, environmental, and organizational factors; digital understanding and education; digital culture; management of talent experience and digital skills; future-oriented and strategic digital thinking; change management; and leadership capabilities. Contextual conditions included digital attitudes and mindsets, managerial intelligence, managerial values, innovation, and the nature of business and industry. Intervening conditions comprised communications and interactions, trust-building, decision-making under uncertainty, and digital personality and demeanor. The main phenomenon presented was innovation and learning, digital preservation, integration and focus, digital collaboration, and digital leadership and governance as the main strategies and individual and organizational dimensions of outcomes. The findings also showed significant relationships between causal conditions and the main phenomenon; the main phenomenon and strategies; contextual and intervening conditions with strategies; and strategies with outcomes. Conclusion: Managers' behavior in the digital age involves various conditions that companies must enhance in managers' behavior to increase efficiency and achieve their goals.
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Ngorsurachet, Makara, Narathip Naewkhamdee, Khaunviman Warndee, Sasima Wongcharee, and Phachara Thanawongkasem. "INVENTORY MEASUREMENT MODEL FOR LIQUEFIED PETROLEUM GAS OF PETROCHEMICAL COMPANIES IN THAILAND." International Journal of Research in Commerce and Management Studies 02, no. 01 (2023): 115–24. http://dx.doi.org/10.38193/ijrcms.2023.5107.
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This research is qualitative research. The purpose of this research is to study the work pattern for setting up operational procedures and developing a method for measuring petroleum gas levels of a petrochemical company in Thailand. It is research in the field of actual operations with the population with special reference to workers in gas warehouses in all 5 regions in the country. Interview forms validated by qualified experts and calculation forms were used as tools for data collection. The research results showed that: the measurement of the gas level started from measuring the depth of the gas water; measuring the temperature of gas water; measuring the temperature of the gas vapor; and measuring the gas pressure and gas molar mass. After that a calculation was done to find the true volume from the developed calculation model. Table constants in Table 54 was compared to find the Density at 15°C and Table Tank table to find the total gas volume, after which it was then calculated in the developed calculation which made the gas volume increase by 20% than the previous model.
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ROMANCHENKO, O. V., A. R. ZAMALOV, and E. A. SHALABAEVA. "ASSESSMENT OF THE SYNERGISTIC EFFECT IN INTERNATIONAL ACQUISITIONS." EKONOMIKA I UPRAVLENIE: PROBLEMY, RESHENIYA 1, no. 3 (2021): 120–25. http://dx.doi.org/10.36871/ek.up.p.r.2021.03.01.017.
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This article examines the issue of the development of multinational companies by the method of mergers and acquisitions. PJSC Lukoil, one of the largest companies in the petrochemical industry, was selected for the practical implementation of financial diagnostics. The purpose of the work was to demonstrate the achievement of a synergistic effect from mergers and acquisitions, as well as to calculate the synergistic effect on the example of the takeover of PJSC Lukoil's stake in the Marine XII project
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Zhu, Tao, Furong Li, Wenfeng Niu, Zijun Gao, Yiwei Han, and Xing Zhang. "Health Risk Assessment of Toxic and Harmful Air Pollutants Discharged by a Petrochemical Company in the Beijing-Tianjin-Hebei Region of China." Atmosphere 12, no. 12 (2021): 1604. http://dx.doi.org/10.3390/atmos12121604.
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Monitoring of toxic and hazardous air pollutants (HAPs) in a petrochemical company in the Beijing-Tianjin-Hebei region of China to assess the impact of HAPs on the health risks of workers in the petrochemical company. The samples were tested by solid-phase adsorption thermal desorption/gas chromatography-mass spectrometry (HJ734-2014), and the pollutant emission list was obtained. According to the pollutant emission inventory, it can be seen that benzene, toluene and xylene are the main components of toxic and harmful air pollutants emitted by the petrochemical enterprise. The method of combining actual monitoring and CALPUFF model prediction was used to evaluate the impact of the toxic and harmful air pollutants emitted by the enterprise on the health of workers. The risk characterization results show that when benzene is the maximum concentration value predicted by the model, it will pose a carcinogenic risk to the factory workers. Therefore, based on the results of this study, it is recommended not to allow residents to live within the predicted concentration range of the model. The results of this study can enable China’s oil refining industry to better understand the characteristics of pollutant emissions from petrochemical companies in the Beijing-Tianjin-Hebei region. Moreover, the results of this study can be used as a policy basis for improving the health of workers in petrochemical enterprises, and are of great significance to the protection of public health.
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I.L., Beilin. "ECONOMIC THEORY OF CLUSTER DEVELOPMENT OF A REGION WITH A HIGH VALUE OF PETROCHEMICAL COMPLEX." Humanities & Social Sciences Reviews 7, no. 4 (2019): 404–9. http://dx.doi.org/10.18510/hssr.2019.7454.
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Purpose: The purpose of this study is to develop the theory of regional economics in the context of the cluster organization of its petrochemical complex.
 Methodology: The research methodology includes the use of cluster analysis and network planning of performance indicators of the petrochemical complex of the Republic of Tatarstan.
 Findings: It was found that over seven years of the existence of petrochemical cluster in the Republic of Tatarstan, no synergistic effects were achieved because of its activities. At the same time, significant financial resources were allocated to the cluster organization of petrochemical complex in this region and an administrative apparatus was created. The very concept of cluster development of the region in science and practice has long proved its viability in many countries, such as the Republic of Tatarstan since Michael Porter. This is because the Soviet times is provided with a highly developed industrial base and inexpensive labor in the field of petrochemical technologies, and the training of professional specialists in the region is provided by a concentration of higher education institutions.
 Implications: The economic and mathematical approaches used in this study enable it to single out the forms of activity in the cluster that enable it to increase its efficiency to the greatest extent with the least costs. Comprehensive network planning of cluster innovation based on graphical and potential methods presented in the study provide competitive advantages to small- and medium-sized companies.
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Gordeev, S. S. "Development prospects for production of filtration equipment in the Russian Federation at the present stage." Vestnik Universiteta, no. 3 (May 10, 2024): 78–84. http://dx.doi.org/10.26425/1816-4277-2024-3-78-84.
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The article examines the challenges caused by changes in the global situation that the production of filtration equipment faced. The equipment is used for the petrochemical complex. The article assesses prospects for technological independence in the petrochemical complex, including the auxiliary market of filtration and separation equipment. The article provides a statistical analysis of the indicators of the Russian filtration sector and analyses the applied filtration and separation methods in a comparative manner. To determine the prospects of companies producing the corresponding equipment and its individual structural elements, the method of situational analysis was used, with the help of which the features of products manufactured at the present stage that influence the development of business in this economic segment are identified. With the method of economic forecasting, the perspective position of domestic manufacturers in the filtration market was determined. With consideration to the modern developments in the field of industry management and to the given basic concepts used in the management of western companies, the possible ways of introduction of advanced managerial decisions were proposed. It is done in order to improve the position of domestic producers, to develop business and to switch to a new level of product improvement, process optimisation, continuous development of companies’ approaches, and thus respond quickly to the emerging challenges.
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Shchelokova, Svetlana V., and U. Shuan. "Strategies for Business Internationalization of Chinese State-Owned Oil and Gas Companies." Economic Strategies 160, no. 1 (2022): 72–79. http://dx.doi.org/10.33917/es-1.181.2022.72-79.
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The article is devoted to the analysis of the specifics of the business international expansion of large Chinese state-owned companies in the oil and gas sector: China National Oil and Gas Corporation (CNPC), China Petrochemical Corporation (SINOPEC), China National Offshore Oil Corporation (CNOOC). The article examines the strategic guidelines of the companies, the factors influencing the strategies, formats and forms of expansion, regional specifics of business internationalization, trends in the development of activities in foreign markets. The problems of specialization and business diversification of the studied companies are considered. Special attention is paid to the role of the state in the processes of international expansion of Chinese oil and gas companies.