Far Eastern projects of Russian energy companies should be included in the relevant federal target program - Putin

The Far East projects of Rosneft, RusHydro, Gazprom, Transneft, NOVATEK should be included in the corresponding federal target programs. This was stated by Russian President Vladimir Putin in Astrakhan, at a meeting of the commission on the development strategy of the fuel and energy complex and environmental safety. The transcript of the meeting was published by the Kremlin press service.

The meeting, in particular, discussed the implementation of the first large investment projects in Eastern Siberia and the Far Eastern Federal District. Among them were considered pilot projects of the Rosneft company.

“Last August, at a meeting on the social and economic development of Primorye, we discussed a project to create an Eastern Petrochemical Company, the goal of which is to produce oil products and petrochemicals for the Far East and the Asia-Pacific Region,” Vladimir Putin recalled. According to him, "the organization of such a large-scale production will create new jobs, will have a beneficial effect on the entire socio-economic sphere of the region."

Vostochnaya Petrochemical Company was established to implement the project of OAO NK Rosneft for the construction of a petrochemical complex in the Primorsky Territory. The project involves the production of polymers and a number of other petrochemical products.