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Rosneft, PrimoryeTerritory jointly to implement local projects

First of all, the document refers to the construction of a petrochemical complex, which will produce propylene, polyethylenes of high and low density, and other petrochemicals

VLADIVOSTOK, September 6 (Itar-Tass) — An agreement on cooperation between the Rosneft Company and the administration of the Primorye (maritime) Territory (PT) was signed here on Thursday within the framework of APEC summit-related activities.

An official at the press center of the PT administration has told Itar-Tass that the Agreement envisages cooperation in implementing large-scale projects and socio-economic programmes.

First of all, the document refers to the construction of a petrochemical complex, which will produce propylene, polyethylenes of high and low density, monoethylene-glycol, and other petrochemicals. Rawstuff will be supplied from the oil processing plants of Rosneft: Achinsk and Komsomolsk refineries, and the Angarsk petrochemical company. The capacities of individual facilities of the Eastern petrochemical company (EPCC) will surpass those of the world's existing analogues.

The cooperation agreement includes a clause about building an energy station with electrical power of 685 megawatts and thermal power of 1,054 gigacalories per hour on the premises of the petrochemical complex. The parameters of the central heating and power plant will take into account the requirements for electricity and heat of the Nakhodka City District and settlements that are close to the EPCC.

The Agreement also seals demands for the implementation of environmental and industrial safety measures, guarantees of the provision of PT users with petroleum products and the development of transport infrastructure for transshipment and storage of petroleum products.

PT authorities, for their part, will promote the implementation of these plans as soon as possible while solving various administrative problems.

The implementation of the project will help create thousands of jobs in PT both directly at enterprises and in related sectors.

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