STRATEGIES AND INSTRUMENTS OF INVESTMENT SUPPORT FOR OIL REFINING ENTERPRISES UNDER UNCERTAINTY
Abstract
The oil refining industry operates under conditions of increased uncertainty caused by market volatility, technological change, regulatory pressure, and geopolitical factors. These conditions significantly complicate investment activity of oil refining enterprises, given the high capital intensity and long investment cycles inherent in the refining sector. The purpose of this article is to substantiate strategies and instruments of investment support for oil refining enterprises under uncertainty. The study identifies key strategic approaches to investment support, including adaptive investment strategies, phased implementation of investment projects, and diversification of investment decisions. The role of innovation-oriented and sustainability-driven investment strategies is emphasized, alongside the importance of state and regulatory support in enhancing investment stability.
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