Rustam Minnikhanov: “It’s necessary to develop the inner market of oil products consumption”

The Directors Council of “Tatneftehiminvest-holding” chaired by Rustam Minnikhanov discussed the projects in oil-gas-chemical sphere. The main one is the construction of ethylene-producing plant in JSC “Nizhnekamskneftehim” with capacity of 1 million tones. The construction is to be started in the second half of 2009. 84 billion RUR are planned to be spent for the project. Rustam Minnikhanov considers that realization of the project will increase petrochemical production in Tatarstan.

Gennadiy Korovin, Head of M.V. Keldysh Research Center Administration presented the project of extra-heavy oil and natural bitumen production using the method of steam-and-gas effect.

Irina Ivanova, Doctor of Chemistry presented new petrochemical technologies developed by Moscow State University.

Also there was a presentation of Kazan Company “Danaflex” which specializes in production of flexible packing materials for various industrial branches.

Summing up, reduction of demand for petrochemical production may lead to failure in republic supplies of raw materials. Thus, Rustam Minnikhanov called the companies for agreed position in this question.