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Future investments in oil and gas chemical projects of the Far Eastern Federal District are estimated at over 3 trillion rubles - EastRussia | Far East

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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Future investments in oil and gas chemical projects of the Far Eastern Federal District are estimated at over 3 trillion rubles

The total volume of investments in petrochemical projects in the Far East is estimated at over 3 trillion rubles, calculated in the Ministry of Eastern and European Development. The implementation of these projects in the four Far Eastern regions will allow creating about 14 thousand jobs.

“In the long term, the growth in demand for petrochemical products will exceed GDP growth. The main driver of demand is the countries of the Asia-Pacific Region, ”the message says Mikhail Slavkov, director of the investment department of the Investment Promotion and Export Promotion Agency. As noted, DFO has a number of competitive advantages for such projects - a rich resource base, low transaction costs, proximity to major markets in China, Japan and Korea, access to seaports, as well as active state support, including building infrastructure at the expense of budget funds and creating specialized TOR "Neftekhimichesky" and TOR "Svobodny". In addition, 27% gas reserves and 17% oil in the APR are concentrated in the Far East.

The largest projects of oil and gas chemistry in the Far-Eastern Federal District are the Amur GPP, the Eastern Petrochemical Company (VNKhK), the Amur MCC, the Nakhodka Fertilizer Plant, and the Amur Refinery.