A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 155 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Oil and Gas Processing: Creating a New Industry Cluster
11 September 2018

Today, the contribution of petrochemicals to Russian GDP is lagging significantly behind the equivalent figures for leading global economies (at less than 2% in comparison with 6% in the USA and 9% in China). At a time of growing foreign competition, choosing the right direction for the development of petrochemical projects within a Far Eastern cluster is gaining particular relevance. It is no coincidence that the Russian Far East is the location for a number of major petrochemical projects which are either at the implementation stage or in preparation, including the Amur Gas Processing Plant, Amur Gas Chemical Complex, Skovorodino Methanol Production Plant, Nakhodka Fertilizer Plant, and many others, representing a total value of more than USD 20 billion. Its close proximity to the premium Asia-Pacific market provides the cluster with an additional advantage. The extraction of helium and other valuable components from Yakutsk and Irkutsk gas at Far Eastern facilities has the potential to facilitate the development both of related markets, and of high-tech industrial sectors. How well supplied is the region with raw materials and the capacity to process them? What factors should form the basis of value creation chains within the sector? What high-value-added products will be in demand on domestic and external markets? Is there a need to develop the small-scale LNG market in the region? Will changes to the tax regime affect the cost of raw materials for the petrochemicals sector? Petrochemicals from naphtha, ethane, or LPGs — what should be developed and why?

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Building A, level 3, Conference hall 19
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