Russian govt approves updated roadmap to develop petrochemical industry

MOSCOW. May 22 (Interfax) - The Russian government has approved an updated roadmap for the development of the country's petrochemical industry, Prime Minister Mikhail Mishustin said at a meeting with deputy prime ministers.

The relevant order was signed on May 16, Deputy Prime Minister Alexander Novak said.

The updated roadmap calls for increasing production of base polymers by 34% by 2025, he said.

The roadmap "has been supplemented with measures to develop transport and logistics infrastructure, localization of equipment, an experiment to introduce marking of commercial oils and lubricants, and the creation of additional mechanisms to stimulate the development of petrochemical clusters, including in the Arctic zone and in the Far East," Novak said.

"Measures to train qualified specialists for the petrochemical industry have also been included. A comprehensive program to develop the resource potential of the Yamal Peninsula will be worked out to develop the resource base for the petrochemical sector," Novak said.