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Special investment contract signed by Transneft with Russian Ministry of Industry and Trade and Tyumen Region as part of SPIEF-2017

Date of publication: 2 June 2017 Printable version

Pictured (left to right): Minister of Industry and Trade of the Russian Federation Denis Manturov and Director General of Transneft Siberia Viktor Bronnikov

On Thursday, 01 June, a special investment contract for establishing an industrial manufacturing complex of Tyumen Machinery and Repair Plant was signed between the Ministry of Industry and Trade of the Russian Federation, Tyumen region, and Transneft as part of the St Petersburg International Economic Forum 2017.

Russian Minister of Industry and Trade Denis Manturov, Tyumen Region Governor Vladimir Yakushev, and Director General of Transneft Siberia Viktor Bronnikov put their signatures under the document. Vice President of Transneft Pavel Revel-Muroz also participated in the signing ceremony.

The special investment contract anticipates the construction of a new modern industrial complex, to ensure the manufacture of domestic equipment for the operation, maintenance, and repair of pipeline transport and oil industry facilities. The matter regards the localization of manufacturing the equipment for treatment plants, equipment for repairing pipelines in boggy areas, specialized equipment to replace similar products made abroad. The planned term of the SPIC is until 2025; the level of investments nears RUB 2.9 billion.

“It is important to note that for the government the economic effect of the SPIC is in a higher level of production localization, implementation of new affordable technologies, modern high-technology equipment, as well as the creation of new jobs,” commented Mr Manturov.

He also pointed out that Transneft has been actively promoting the programme of localizing the manufacture of analogues of imported products in the territory of Russia.

“Transneft has been always laying major emphasis on collaboration with regions. At the present time, a cooperation agreement is being prepared between Transneft and the Tyumen region government aimed at economic development, improvement of the investment climate, and creating favourable conditions for addressing the main social objectives in the territory of Tyumen region. Signing of the special investment contract is one of the parts of this mutually beneficial agreement,” said Mr Yakushev.

“Even now, 92% of materials and parts that Transneft uses in its activities are homemade. Nevertheless, signing of the SPIC is the next step for Transneft to increase the level of hi-tech equipment production localization in the territory of the Russian Federation. The delivery of this project will further reduce dependence on foreign manufacturers and ensure the full load of domestic mechanical engineering capacity,” noted Mr Revel-Muroz.

Pictured (left to right): Vice President of Transneft Pavel Revel-Muroz and Tyumen Region Governor Vladimir Yakushev

Transneft Press Service
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