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

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, 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, 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 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 180 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 81 countries worldwide, and 186 Russian public organizations, federal and legislative agencies, and federal subjects.

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

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Petroleum Refining in Russia: Large-Scale Modernization and New Challenges
5 October 2017
12:00—13:15

A programme to modernize petroleum refining in Russia is successfully under way. Dozens of facilities have been modernized in the last five years. The average petroleum refining depth is now close to 80%, and exceeds 98% at some facilities. New refining capacities are being installed in Leningrad Region and the Republic of Bashkortostan, and major investment projects are being realized in the Far Eastern Federal District. In spite of this rapid development, the refining sector is vulnerable to a number of risk factors which could put a brake on the investment process. These include surplus capacity in Europe and Asia, the growing popularity of the electric car, sanctions-related risks, and a planned reduction in oil export duties. What has large-scale modernization achieved for the sector and for consumers? What is the demand forecast for engine fuel, taking into account the uncertainties represented by the development of the electric car? What future directions will be taken by oil product streams?

Date
05.10.2017
Forum
Russian Energy Week
Started at
12:00—13:15
Analytics on the topic