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MIOGE 2018: The Sverdlovsk Region is a Center of Oil and Gas Business Projects

The 14th Russian Oil and Gas Congress RPGC 2018 (leading platform for discussing topical issues of the oil and gas industry in this country) ended within the framework of the International Exhibition of Oil and Gas Equipment MIOGE 2018.

Ilya Pachkay, Head of Residents Engagement Division of the Development Corporation of Sverdlovsk Region, spoke at the round table “Rising Funds for Oil and Gas Projects” on the interesting topic to establishing a cluster of oil and gas machine manufacturers in the Sverdlovsk Region and their state support.

“The map of investment projects in the oil and gas industry perfectly demonstrates that all the Russian oil and gas production is centered around the Sverdlovsk Region, which borders the main oil and gas entities of this country and is a powerful industrial region itself. Today, each 4th oil and gas pipe in Russia is produced in the Sverdlovsk Region. The Sverdlovsk Region is considered the Russian center of investment oil and gas projects taking into account its competences in machine-building, pipe production, metallurgy, chemical industry, and its proximity to supply markets,” said Ilya Pachkay.  

For instance, a major manufacturer of drilling equipment – Uralmash NGO Holding – occupies over 60 % of the Russian heavy-duty equipment market and continues to grow. In addition, a manufacturer of compressor equipment Nevyanskiy Machine-Building Plant, oil pipe manufacturers Sinarsky Pipe Plant, Seversky Pipe Plant (TMK Group), and Pervouralsky New Pipe Plant (ChTPZ Group) – leading domestic companies of the oil and gas sector – are based in the Sverdlovsk Region. The region is developing projects for the production of tanks and vessels, and chemical products for exploration and extraction.

Taking into account the market situation in the Sverdlovsk Region, it is a promising trend to launch new projects in the oil and gas machine-building and component production segments both in cooperation with existing companies willing to start process partnership, as well as through self-development.

New projects are actively supported by the state and the government of the region, in particular.

21 June 2018, 10:00
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