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Deputy PM expects investment in Russia’s petrochemical industry to rise by $40 bln by 2025

March 13, 13:02 UTC+3

This will create over 18,000 high-tech jobs, according to Dmitry Kozak

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© Alexandr Ryumin/TASS

MOSCOW, March 13. /TASS/. If implemented, the plan of action to develop Russia’s petrochemical industry by 2025 will boost investments in the sector by $40 bln, Deputy Prime Minister Dmitry Kozak said at a meeting with Prime Minister Dmitry Medvedev where the document was discussed on Wednesday.

"According to preliminary estimates, the implementation of the roadmap (plan of action to develop Russia’s petrochemical industry by 2025 - TASS) will push investments in the sector up by $40 bln and create over 18,000 high-tech jobs. The potential of doubling the share of Russia’s petrochemical products on the global market by 10 mln tonnes through an over two-fold increase of production capacity will be unlocked," he said.

"If we succeed to bring to life all that is envisioned (by the roadmap), that will surely be a substantial contribution to the economic growth," Medvedev noted.

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