Methodological aspects of evaluating the effectiveness of innovative projects in oil refining

the purpose of the article is to develop an updated model for evaluating the effectiveness of innovative projects in oil refining based on available methods. In modern conditions of industrial development, methods of evaluating the effectiveness of decision-making related to innovative projects in oil refining are of particular importance. The rapid development of technology is significantly changing the industry, necessitating the introduction of technological innovations in production. This is due to the fact that industry is a strategically important sector, forming a large part of GDP. The main part analyzes the dynamics of the development of the oil refining industry and the market in Russia. Methods: in the course of the work, the method of theoretical analysis of sources, the method of synthesis and description, the method of analysis and the method of generalization of the results were used. Findings: it is determined that in the modern conditions of economic development, the introduction of technological innovations in industry is an inevitable and necessary process, since digitalization implies the use of new tools and equipment to increase the efficiency and competitiveness of the industry. The result contains a description of the updated methodology for evaluating the effectiveness of technological innovations in oil refining. Conclusions: the conclusions emphasize the importance of digitalization of the industry and evaluation of the effectiveness of decisions made. The proposed assessment methodology is based on the close relationship between the costs of research and development in oil refining and the economic performance of specific companies.

oil refining, technological innovations, efficiency assessment, methods, digitalization, digital tools