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A Sleeping Bear Stirs

Russia’s Petchem Industry Ready to Grow

10:00 AM MDT | July 23, 2012

Page: Value-added export potential. Russia, with its vast oil and gas reserves, forecasts annual GDP growth of 3.7% through 2020 and, as a favorable geographic location between China and Europe, is expected to see a major boom in its petrochemicals industry. The industry, since the collapse of the Soviet Union, has not witnessed major expansion and has failed to attract much investment from overseas companies. Lately, however, the government of the Russian Federation has been paying more attention to adding value to Russia’s natural resources and has come...

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