LAUSR

This article is review one and discusses the development trend of Russian oil industry, in particular, the oil refining sector. Nowadays, the Russian oil refining complex is characterized by insufficient volumes of secondary oil refining by selling low value-added products to the domestic and foreign markets, lagging behind in technical and technological development. The existing modernization process is lengthy and requiressignificant investments. This article also discusses ways out of the current situation of underinvestment of processing facilities. So, as measures that increase the investment attractiveness of refineries, one can distinguish such as: increasing the stability of tax legislation, eliminating price distortions, improving the quality of products, expanding export opportunities. However, the key decision may be the use of the public-private partnership method the conclusion of quadripartite agreements with the authorities.