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Difficulties of investment translation
Foreigners still do not have enough information about the Far East
At the Eastern Oil and Gas Forum in Vladivostok, the conclusions made during the recent Russian-Chinese EXPO in Harbin — Asian, including Chinese investors — know little about the support measures currently available from the Russian state in the Far East.
However, those gathered at the forum said the opposite. “We have many potential partners in China who are involved in the development of oil and gas fields. We would like to know what advantages are given to potential partners from China, whether there are preferences as tax incentives. And the most important aspect is how the Russian government can guarantee the interests of Chinese investors ", - said the general director of petrochemical STC" Kelida "(Guanjao).
"We would like a more detailed look at the investment climate We are engaged in international trade, and we want to know what projects exist in Russia, which preferences provided for Chinese companies." - supported Yan Shouli colleague, CEO of the international trading company "Lyanao" (Qingdao).
Vice-President of Geo-jade Petroleum Guo Yi said his company (market value 20 billion yuan) works outside the territory of China, in particular, has assets in Kazakhstan and Albania 2012 years. Since the middle of the year 2014, the company has been looking for partners in Russia, but so far it has been unsuccessful. "First of all, we are interested in the extraction of energy resources, but we are also open for investments in other areas." Last year we invested in a transport company, and if there are partners in Russia, for example, a processing plant, or a logistics company, then we are ready with them The most important thing is for the enterprise to make a profit, "said the businessman, noting that he had heard for the first time about the creation of special economic conditions in the Far East.
Foreign investors do not really know about the preferences granted to business in the Far East, Andrei Bogdanovich, the investment director of the Agency of the Far East for Investments and Export Support, admits. In his opinion, there are several reasons for this. "Perhaps not enough promotions, there is the complexity of the translation Chinese search engines regarding the Far East are very narrowly selected information our part, we do our best to represent the maximum possible macro-region for investment.." - he said.
Mr. Bogdanovich emphasizes that in the next 15-20 years the ATR market will become the largest region of consumption. Now it passes from the developing state to the developed one, when the demand for high-tech, high-quality products in a variety of spheres is growing. "This is petrochemistry, and agriculture, and engineering, and tourism, in a word, all that is all we can offer," he adds.
Meanwhile, the general director of Rosneftegaz JSC (RNG), Ivan Menshikov, said that earlier, on other projects, he had experience working with Chinese investors. “Several times they came, looked at the asset, but never decided to invest. What specifically does not suit them in Russian projects, it is better to ask them, but the stated interest does not always translate into cooperation. One of the explanations that I see is that the Chinese economy is more focused on interstate cooperation. Everything that goes according to the intergovernmental agreement with China goes well. But in terms of private investment, great experience and an appetite for such risks - to go unaccompanied by the state - Chinese investors do not yet have, ”the RNG representative said.