Opportunities and Challenges to Deploy Industry 4.0 Technologies in the Russian Oil Refining and Petrochemical Industries

The paper analyzes the prospects for the introduction of Industry 4.0 elements in the construction of new installations and the modernization of existing ones at oil refineries and petrochemical plants of the Russian Federation in order to create competitive new generation production facilities. It shows the impact of the Industry 4.0 elements on business continuity and minimization of operating expenses. The approaches to assessing the technological development of oil refining and petrochemical enterprises have been determined in the paper. The introduction of the Industry 4.0 elements will minimize the risks of doing business, maximize the period of non-stop operation of production, and combine the disparate components of the petrochemical plant into a single network.