Rustam Minnikhanov: “Bugulma motor pump plant faces positive prospects”
22 July 2013, Monday
On July 22 Tatarstan President Rustam Minnikhanov took part in opening of a new enterprise on producing electric cables for oil production industry at Bugulma motor pump plant.
In 2009 this enterprise was on the verge of bankruptcy. Later on, Tatarstan Investment and Venture Fund purchased the plant and passed it on to a strategic investor represented by Veles Capital.
832 mln rubles were invested in the plant modernization and advanced high-tech equipment was purchased in the period of 2010-2012.
1080 employees currently work at the plant that produces items for the sum of 100 mln rubles.
Rustam Minnikhanov visited the joint enterprise Weatherford Machine Production that was founded in 2013 by an American company Weatherford and OAO “Bugulma motor pump plant”. OAO Rosneft, OAO Bashneft, OAO Tatneft will be main customers of the plant.
Tatarstan President also took part in opening of the enterprise for producing electric cables for oil production industry OOO “Noris”.
Rustam Minnikhanov expressed hope that products of new enterprise will be used at Tatneft and small oil companies in Tatarstan and outside the republic.
On April 16, at the Government House of the republic, Tatarstan Prime Minister Aleksey Pesoshin together with Regional First Deputy Minister of Construction, Architecture and Housing Utilities Aleksey Frolov, Head of Zelenodolsk municipal region Aleksandr Tygin had a meeting with participants of regional targeted programme on the resettlement of citizens from dilapidated houses in Zelenodolsk.
On April 15, at the Government House of the republic, Tatarstan Prime Minister Aleksey Pesoshin held a meeting of the organizing committee for the preparation and holding of the International Economic Summit "Russia - Islamic World: KazanSummit - 2019" to be held at the Kazan Expo international exhibition center on April 24-26.
On April 13, speaking at a regional video-conference held by Tatarstan President Rustam Minnikhanov with participation of Prime Minister of the republic Aleksey Pesoshin and all regions of the republic, Minister of Construction, Architecture, Housing and Utilities of the republic Irek Faizullin said that 936 multi-apartment houses with the total area of 5.6 million square metres in 42 municipal regions of the republic will be overhauled in Tatarstan in 2019.
On April 12, in Nizhnekamsk, First Deputy Prime Minister of Tatarstan Rustam Nigmatullin, Chairman of the Board of Directors of Nizhnekamskneftekhim Petrochemical Company Ruslan Shigabutdinov, Director General of the same company Azat Bukmurzin and Head of Nizhnekamsk municipal region Aidar Metshin took part in the ceremony of commissioning of the benzene extraction facility at the Etilen plant of the Nizhnekamskneftekhim.