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The construction of the Eastern Petrochemical Complex is ignored by investment programs
State Secretary - Vice President of Rosneft Ladris Kalanda writes to the Director of the Department of Industry and Infrastructure of the Government Alexei Uvarov (a copy of the letter is available to Vedomosti) that not all monopolies agreed to include the Rosneft project Eastern Petrochemical Company (VNHK) in the investment programs of the subjects natural monopolies and the corresponding federal target programs. Although this decision was made in June by the Presidential Commission on the Fuel and Energy Complex.
According to Kalanda, the Ministry for the Development of the Russian Far East excluded VNHK from the program “Economic and social development of the Far East and the Baikal region” and proposed to include it in the federal target programs, which are supervised by the ministries. Representatives of the Ministry of Transport and the Ministry of Finance either did not respond or declined to comment; a representative of the Ministry of Economic Development said that the ministry had not received the letter.
RZD is ready to include in the investment program only public infrastructure, Kalanda, however, insists that the monopoly should build ways to the industrial site of the VNHK.
The Federal Grid Company, despite the revision of its investment program, does not reject the construction of networks for VNHK.
Transneft also included VNHK in the investment program - it will build a branch to it from the ESPO for about 2,5 billion rubles. But Rosneft will finance the diversion.
As previously reported in EastRussia, at a meeting between President Vladimir Putin and Igor Sechin, chairman of the board of Rosneft, the situation with the investment project for the construction of the Eastern Petrochemical Complex was discussed.
Answering the President’s question about the state of the VNHK, Igor Sechin said that at the moment there is work on its design. The President of Rosneft expressed the understanding that this project is urgently needed by the region to fill the shortage of refining capacity.
At the same time, Igor Sechin noted that the economy of the project is changing in connection with the change in the tax regime. In this connection, according to him, the company counts on the support of regulatory bodies, since the project is strategic for the Far East.
In turn, Vladimir Vladimirovich confirmed that these changes in the tax regime are taking place for the better. He also stressed that benefits, including tax benefits, have already been introduced for such projects from scratch.
“Customs duties on crude oil and on oil products are now being compared as a result of the introduction of a tax maneuver. It certainly changes the economy for recycling. " - said Igor Sechin.
To which the President replied: “Igor Ivanovich, when you worked in the Government, you were in favor of a tax maneuver, as soon as you joined the company, now you are against a tax maneuver. Where is the real Sechin - before or after? Where are the interests of the state? The interests of the company are important, the company is one of the industry-forming ones, but there are also the interests of the entire economy ".
As a result of the conversation, the chairman of the board of Rosneft noted that the company will make all the necessary calculations and surveys. "The project will be implemented, Vladimir Vladimirovich, in the interests of the development of the region and the economy", - Igor Sechin said.
The company launched an investment project for the construction of the Eastern Petrochemical Complex with a capacity of up to 30 mln. Tons per year in hydrocarbons in the Far Eastern Federal District of Primorsky Krai, Nakhodka in November of 2013.
The project was supported by the President of the Russian Federation V.V. Putin from 19.12.2013, No. Pr-2970, as well as the Chairman of the Government of the Russian Federation, D.A. Medvedev from 31.01.2014 year № DM-ПХNUMX-9р.
The implementation of the project VNHK should be implemented in phase III:
Stage I (2014—2020) - oil refining with a capacity of 12 million tons / year of oil;
Phase II (2014—2022) - petrochemicals with a feedstock capacity of 3,4 million tons / year;
Stage III (VI quarter 2028) - oil refining 12 million tons / year of oil and petrochemicals with a capacity of 3,4 million tons per year (The implementation of the construction of the third stage is assumed subject to the relevant market conditions).
Pre-project cost is estimated at up to 1 281,1 billion rubles.