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Petrochemistry promises money

Participants of the WEF told about the future of the oil and gas industry

Petrochemistry promises money
Photo: Tass / VEF Photobank
In the Far East of Russia, huge reserves of resources are concentrated: 27% of gas and 17% of oil in the Asia-Pacific region (APR). At the same time, the degree of development of hydrocarbon fields is extremely low and does not exceed 12%. Participants in the discussion "Oil and gas chemistry in the Far East - new niches for business?" Discussed the problem of developing projects for deep processing of hydrocarbons, which create the prerequisites for the formation of full-fledged oil and gas chemical clusters in the Far East, where tens of new productions can be localized.

The Russian oil and gas chemistry industry has enormous potential and in the future can become one of the most important drivers of economic growth in the macroregion. Director of Investments of the Agency of the Far East for attracting investments and supporting exports, Mikhail Slavkov is confident that this industry will retain opportunities for systematic development until at least 2025.

"Why is that? If we recall how many new polymers around us have appeared in recent years - in cars, buildings, - the answer will be obvious. Physical demand will come from Asia, there are a lot of people and a growing economy, "Slavkov explained.

Now in the Far East stated the order of 11 major projects for oil and gas processing, the volume of investment exceeds 3 trillion rubles. Investors choose the region, because it has several important advantages.

First, it has a rich raw material base - there is a lot of oil and condensate (1,4 billion tons), as well as gas (4,6 trillion cubic meters). Secondly, investments in the Far East are attractive due to cheap labor and electricity. Thirdly, the macro-region is export-oriented - the ATP market is close, and China, Japan and Korea annually buy chemical products for 200 billion US dollars. Finally, the state attentively treats the Far East and renders it active support (territories of advanced development, or TORs, free port regime, special investment contracts).

Deputy Minister of Energy of Russia Anton Inyutsyn spoke about why the state is so important to develop the petrochemical industry in the Far East. According to him, all over the world she shows a huge positive trend. Until recently, development in Russia was held back due to a shortage of processing facilities. 5 years ago, the country imported a large amount of petrochemical products (about 1,5 million tons), noted Inyutsin.

To change the situation, the industry development strategy was adopted until the year 2030. Its main task is to increase the volume of petrochemical raw materials processed by Russian enterprises in 2 times.

“Over the past 5 years, about 800 billion rubles have been invested in the industry, and investments have increased by 20 percent from year to year. Import dependence on catalysts decreased in 2 times, from 50 to 27 percent. The volume of petrochemical raw materials processing increased from 8 to 11,2 million tons, ”the Deputy Minister of Energy said.

The Office expects that by the year of 2030 the contribution of the oil and gas chemical industry to GDP will exceed 1 trillion rubles, tax revenues will grow by 70-80 billion rubles per year, and there should also be about 80-100 thousand new high-tech jobs.

State support and investment attractiveness of the Far East allow companies to engage in real oil and gas chemical projects in the region. Thus, Mikhail Karisalov, Chief Operating Officer of SIBUR, spoke about cooperation with Gazprom.

In particular, SIBUR expects to start accepting ethane from the Amur Gas Processing Plant (GPP) to the Amur Gas Chemical Complex (MCC), the project of which is currently being developed. The Amur GPP is to become the largest in Russia and one of the world's largest natural gas processing complexes. The design capacity of the enterprise is 42 billion cubic meters of gas per year. In addition, it will include the world's largest helium production (up to 60 million cubic meters per year). Investment in the project is 1,3 trillion rubles.

The general director of the Amurskaya Energeticheskaya Kompaniya told about another project - the Amur Oil Refinery (refinery): “The uniqueness of this project is that it is 100 percent financed by private Chinese capital. And this is an international project: 28 percent of the production remains in Russia, 72 percent goes to China. It is included in the list of 150 projects of the New Silk Road, included in the Priamurskoe PDA. The project is almost 85 percent ready, after the New Year we are handing it over for state examination, in May we start construction. "

Of course, not only the industry giants are coming to the Far East. At the end of 2017, the beginning of the 2018 year, the construction of the Nakhodkinsky plant of mineral fertilizers will begin, the production on it will be launched in 2021. The director general of the enterprise Nikolay Sabitov noted that the project envisages the creation of a complex with the capacity of 2,2 million tons of ammonia, 2 million tons of carbamide and up to 2 million tons of methanol per year.

The total amount of project costs is estimated at 6,3 billion. The implementation of the project will create up to 2 thousand new jobs, and the expected tax revenues to budgets of all levels are estimated at 11 billion rubles a year.

Sabitov added that the state is successfully stimulating investors. “We are talking about the creation of external infrastructure at the expense of the state, so we are now negotiating with various funds created under the auspices of the Ministry for the Development of the Far East, to subsidize the construction of internal infrastructure facilities,” he listed. State support is also provided by tax incentives that operate in the territories of advanced development.

Published in the journal "Economics of the Far East"
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