Value chain of the refining and petrochemical industries: assessment and strategy integration

Abstract

The modern concept of value chains is considered. The author developed and adapted theoretical concepts of the value chain concept to the conditions of the national economy of the Republic of Belarus; developed a methodical approach to the analysis of value chains in the oil refining and petrochemical industries, taking into account technology and peculiarities of price formation for oil and oil products; determined the method of identifying the most productive links in the value chain in the refining and petrochemical industries based on the added value indicator; formulated two types of strategies for integrating value chains in the studied industry.