Petrochemical industry is the future

8 November 2018, Thursday

Tatarstan is rich in resources. The key priority of the region's development is the sector of oil refining and petrochemistry. Due to its favorable geographical position, the republic has strong raw material base and a wide infrastructure network. Owing to the high concentration of resources, the Republic of Tatarstan has high economic activity. Oil is the main natural wealth of Tatarstan, and Romashkino oil field is the second largest in Russia and one of the largest in the world.

"Petrochemical and energy clusters are the key ones for Tatarstan. This is reflected in the Strategy of socio-economic development of the Republic of Tatarstan until 2030. The republic extracted 3.2 billion tons of oil. In 2017, the enterprises of the oil refining sector shipped products for the sum of RUR 386,5 billion. Our "Tatneft" is one of the largest Russian oil companies, as well as one of the best European innovative companies in the field of exploration.

The Republic of Tatarstan is one of the leading regions of Russia in the ratings of investment climate. We provide investors with tax preferences and developed infrastructure, reveal the peculiarities of doing business in the region, do everything for the success of joint projects", – the Head of Tatarstan Investment Development Agency Taliya Minullina marked.

Within the Second International Conference "Oil Refining and Gaz- and Petrochemistry of Tatarstan", representatives of the Agency met with the representatives of the largest Russian industrial projects to establish and strengthen further cooperation. The conference was held in the capital of Tatarstan. It was attended by the leaders and technical specialists of the key oil-refining and petrochemical industries of the Republic of Tatarstan and other Russian entities, as well as representatives of international EPC-contractors, engineering companies and technologies suppliers. More than 250 experts gathered at one platform to find the right partners in the region, define the opportunities for business development.

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