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CIS PETROCHEMICALS

11 – 12 April   |   Moscow, Russia

Several petrochemical projects can commence in Russia in 2019

Posted on 17-01-2019  by GBC 

Source: RUPEC

Yuriy Rubin, Deputy General Director for Investments and Project Finance at Irkutsk Oil Company will take part in the CIS Petrochemicals conference on 9-12 of April.

This year, the implementation of several large petrochemical projects in Russia can commence. This was discussed at a meeting of the president with the members of the government by the first deputy prime minister, Minister for Finance – Anton Siluanov.

“Among the major projects that businesses plan to start this year … the construction of petrochemical complexes in the Irkutsk, Amur regions and in Tatarstan. The list of projects is being constantly updated, we are in constant dialogue,” said Siluanov.
To date, several projects in the field of gas and petrochemicals have been announced in the Irkutsk Region: the project of the Irkutsk Oil Company for the construction of a polymer plant in Ust-Kut, a project for a new complex in Sayansk. The Minister of Finance did not specify which of them is being discussed.
Earlier it was noted that Sayanskkhimplast intends to complete the design of a new complex by 2020, and in 2024 to complete the construction of facilities. The project will be synchronized with Gazprom’s plans for the development of the Kovykta gas condensate field, but the company is also exploring the possibility of supplying raw materials to the new capacity by railway transport.
The INK (Irkutsk Oil Company) project is a part of an integrated gas program. At the end of 2018, the company decided on a project contractor, choosing Toyo from Japan. The head of the INK Marina Sedykh said that “by the end of 2018, it is planned to sign a comprehensive contract for engineering and equipment purchase for the first unit of the plant – an ethylene production plant from ethane produced at the INK fields.” It was not specified when will the construction work will start.
As for projects in the Amur Region, it is most likely a matter of the SIBUR Mining and Chemical Combine, for which the company has not yet made an investment decision. Chairman of the Board of SIBUR Dmitry Konov previously explained that the launch of the complex will be synchronized with the introduction of one of the lines of the Amur GPP.
In Tatarstan, the key project in the field of petrochemistry is the Nizhnekamskneftekhim olefin complex. In July, representatives of the company and the licensor, Linde, held talks to agree on a work schedule. At that time, preparatory work was carried out for the start of construction.
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