A bill (no.895550-7 "On state support of business activities in the Arctic zone of the Russian Federation") was passed on its first reading in the State Duma.
Petrochemical production is expected to increase in 2020. By the end of 2019, the volume of production of large-capacity polymers amounted to 5.3 million tons, and by 2025, it should reach 11.1 million tons.
As a first step to accelerated replacement of utility pipelines, the Ministry of Construction of the Russian Federation intends to introduce a more accurate technical inspection of water supply, drainage and heating systems. The Ministry has developed amendments to the procedure for such audits.
On January 27, 2020, a solemn event was held dedicated to the launch of phenol and acetone production at Omsk Kauchuk, a part of the Titan Group of companies.
India will participate in Oil Company Rosneft's project on development of oil fields in the East to the Taimyr Peninsula. By 2030, oil production in the Vostok Oil Arctic Cluster may reach 100 million tons per year. India expects to increase Russian oil supplies via the Vladivostok - Chennai (Madras Port) route.
A new modern high-tech production of building structures is being built in Togliatti (Samara region). The plant "ZHBI Florkon" for production of precast concrete products from self-compacting concrete will be built on the territory of Togliatti Port.
