TVER, October 4 (Itar-Tass) — Royal Dutch Shell unveiled its lubricants blending plant in Torzhok, the Tver region, northwest of Moscow.

“This is the most ambitious project implemented by foreign investors on the territory of the Upper Volga Region. The investments totalled 3 billion roubles and 150 qualitative jobs were created,” Tver region governor Andrei Shevelev said at the inauguration ceremony on Wednesday.

“Shell’s decision to build this plant amid the global financial crisis proves the company’s confidence in good prospects of Russia’s car making industry, our country’s economy and investment policy of the Tver region,” he said.

The plant’s launch will give a fresh impetus to the development of Torzhok and the Tver region in general, Shevelev said.

Deputy Energy Minister Pavel Fyodorov emphasized that “the construction of Shell’s plant in Torzhok is a big step forward.”

For the industry’s development it is very important to create conditions that will allow to provide the domestic market with high-quality fuel and lubricants produced in Russia.

Shell launched the plant’s construction in August 2009. This will be one of the company’s largest lubricants plant in the world. It will produce 200 million liters of 90 types of lubricants a year.

Tax deductions to the consolidated budget of the Tver region will exceed 160 million roubles already in 2012.