The Ministry of Energy and the Ministry of Industry and Trade will prepare a plan for the development of petrochemicals.
According to the implementation plan of the "Russian Energy Strategy until 2050", the Ministry of Energy and the Ministry of Industry and Trade were tasked with developing a set of measures for the development of the petrochemical industry. A report with specific proposals must be sent to the Cabinet of Ministers by December 27, 2027.
Other interested ministries will be involved in the development of the plan, as well as representatives of leading oil and gas companies. After submitting the first report in 2027, the departments are obligated to report annually to the government on the progress of implementing the planned measures until 2029.
"Development and implementation of measures for the development of petrochemical industries, including state support for deep processing capabilities, creation of domestic technologies, catalysts and equipment, creation of investment conditions for petrochemical production integrated in oil refineries."
- specified in the document.
Earlier, Russian Deputy Prime Minister Alexander Novak said that by 2030, the total investment volume in the Russian petrochemical industry may reach 3-4 trillion rubles.