RUSSIAN REFINING REFLECTS OLD WAYS

06/15/1992
The legacy of Communist rule and Marxist economic planning has left the refining industry of the Commonwealth of Independent States (C.I.S.) poorly prepared for a competitive future. Authority to macromanage refinery operations doesn't exist in the C.I.S. as it did in the central government of the former Soviet Union. But old ways die hard, especially in an industry configured to discourage competition and in which management objectives often deal as much with achieving social goals as operating efficiency. Russian-American joint venture Petrocom is helping C.I.S. refineries evaluate their financial and organizational structures and...
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