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 160 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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Pavel Sorokin

Pavel Sorokin

Deputy Minister of Energy of the Russian Federation
Quotes
03.09.2021
EEF 2021
Is Russia Prepared for a Global ESG Transformation?
The main risk we need to look at is the loss of resource rents. We are all well aware that those subsoil resources, those benefits that our country has, have several positive effects for us. First, these are investments, which give order to domestic industry, create jobs, create cities, and allow us to attract social services. Then, accordingly, a rent is formed, which is partially withdrawn by the state. Then the state invests this money in other sectors, does other things ... And part of this rent goes to companies in order for them to reinvest, to pay dividends, which is to create a business. This rent is going to go down, whether we want it to or not
02.09.2021
EEF 2021
Increasing Russia’s Return on Gas and Oil
It is also hugely important that we make use of all the reserves that are available to us in this country. We understand that Gazprom has major deposits that are being monetized as a priority. Eastern Siberia is home to a large number of reserves of independent gas producers… All of this must be accompanied by a fair tariff policy, and all activity must be economically sound for all participants in the chain
02.09.2021
EEF 2021
Increasing Russia’s Return on Gas and Oil
The infrastructure costs required in order to deliver this gas – the wet gas, the components, all the valuable fractions, and then the finished product for export – are considerable. The state should therefore work alongside business to reduce costs as far as possible
02.09.2021
EEF 2021
Increasing Russia’s Return on Gas and Oil
We recognize that we have a good window of opportunity over the next 20–25 years, when gas will be one of the key transitional fuels under the climate and environmental agenda. This concerns not only exports of gas or its use at thermal power stations, but also increased added value
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
We looked at the capabilities of self-regulatory associations and organizations, and, of course, as we see it, the law should evolve into this. The law should not impose restrictions even though this is inherently the essence of legislative activity [...] But here is the problem, since business has a lot of questions about security, standards, and so on. We have to create a framework and figuratively lubricate the rails
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
Most countries are already taking quite a few steps towards regulating this sector or making life easier. In some places, it’s self-regulatory organizations. In some places, it’s simply associations of companies that loosely have similar interests and views, like the OSDU, for example, which Gazprom Neft is a part of [...] We see that in the European Union, in the States, and in India, for example, the process of movement in this direction [regulation of industrial data] has already begun. In Russia, we aren’t lagging behind here. Together with our colleagues from [the Ministry of Digital Development, Communications, and Mass Media] and our colleagues from the industry, such as Gazprom Neft, we were one of, let’s say, the drivers at the beginning. Now Rosneft has actively joined, as have Rosatom and Rosseti. All our colleagues are present here. We [...] are writing a law on industrial data, which should help us at least get on an equal footing with our partner countries
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
This is why we need to create a system so that every company in Russia can become more efficient with the help of its Russian neighbour. Use each other’s data and cross-pollinate. Because [in terms of] a competitor abroad, we must be more efficient than our next competitor on the supply curve
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
Eliminate regulatory barriers to the introduction of technologies that are already reaching industrial maturity and provide some sort of investment incentive for import substitution
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
One of the main challenges is to make industrial data available for introduction. That means creating a market, creating regulations, and creating a foundation for their introduction [...] In order to facilitate exchange, we need to create open standards and apps for access and integration. This is also a crucial component so that companies can simplify the procedure for this interaction
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
A concept has already been developed and the first draft version of the law has been prepared. Next, we will start working on the regulatory framework. One of the main tasks today is to make industrial data available for introduction
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
Data is not accessible. This is also very important. Because even if we have equipped enterprises, this data isn’t always stored and is not always in machine-readable form
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
A significant problem is the fragmentation of companies in the fuel and energy sector and the fear of building cooperation with partners on the domestic market
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
Each company sees itself as a small state. As we have wells in the government [...] when each department lives in its own world. Likewise, many companies are afraid, they don’t want it, and they don’t understand why they need it. But there is a very important thesis and a very important assumption here that I would like to point out and that’s the fact that for almost all of our export-oriented enterprises, the main competitor is not your neighbour
04.06.2021
SPIEF 2021
Leveraging Big Data and Digital Platforms to Generate Synergies in Manufacturing
Data is the foundation of the future. Yesterday and today, we talked a lot about the environment, about new sources of energy, and about other factors that will affect our lives. But all of these things will be data-driven. So, any decisions in the future will be taken based on an analysis of statistics using artificial intelligence, whether it is a decision about healthcare, a decision about the path to take to education, or any other area. This means our common objective is probably [...] to create a platform and create a basis for this to be as effective as possible. And our country is right here at the beginning of this path, which the whole world is now starting to traverse
04.09.2019
EEF 2019
The Development Path for Petrochemicals in the East: Projects, Support Measures, Drivers of Growth
If we change the rules of the game in the middle of a project's payback period or lifetime, it does not just affect the investor who was merely unlucky, but all investors in general. Nothing is worse than changing the rules of the game halfway
04.09.2019
EEF 2019
The Development Path for Petrochemicals in the East: Projects, Support Measures, Drivers of Growth
Demand for petrochemicals is growing by 5–7% per year and will continue to be on the rise at a similar rate in the foreseeable future. But it is not just us who see it – everyone sees it, and therefore the capacities being put into operation around the world will lead to a margin decrease in the foreseeable future
04.09.2019
EEF 2019
The Development Path for Petrochemicals in the East: Projects, Support Measures, Drivers of Growth
The rate of return for such projects is 10+ years. Due to the giant CAPEX [Capital Expenditure, – Ed.] that needs to be invested, we also need a high margin. <...> In order to utilize this money, there must be confidence that the fiscal regime will be maintained for a long period of time. We need an adequate cost of financing, and in the absence of cheap money we need to create preferences for investors. <...> Here the government’s fiscal policy comes into play. Swinging between extreme options has a devastating effect on the investment climate
23.10.2019
Russia- Africa Economic Forum 2019
Russia–Africa: Cooperation in the Energy Sector
If we join efforts, including in terms of cooperation between Russia and Africa, we will come out on top. We will all have a larger market on which competing technologies will emerge. This all ties our interests together, and if we share these views, we will be successful […]. Our combined efforts will create a different future not only for us, but for lots of people. And for me there is a great hope and desire that we should take Africa seriously for the next 100 years
04.09.2019
EEF 2019
The Russian Continental Shelf: Is Development Necessary?
Our investors are not ready to cash out on these extremely risky projects basically under a promise as a guarantee. That’s why we need alternate financing tools: whether it’s co-financing, or differentiated breaks for explorations <…> Unfortunately, in order to attract investors to the unattractive territory we need to have some ‘honey’ to offer them
04.09.2019
EEF 2019
The Russian Continental Shelf: Is Development Necessary?
Western countries carrying out projects in the Gulf of Mexico or in Africa get funds under 2–3%. They can get listed and get cheap money there. Our companies face global limitations and have to get funding <…> under 8–9% if there’s no state support. It doesn’t work. These are very long-term projects, the risks are too high for such rates
04.09.2019
EEF 2019
The Russian Continental Shelf: Is Development Necessary?
By 2035 our on-land extraction in traditional regions can go down significantly compared to today. Different estimates give us 50 to 100 million tons decline, depending on the year and potential fiscal support measures. It means that the shelf is going to replace our traditional regions
06.06.2019
SPIEF 2019
From Raw Materials to Services: The Digital and Technological Transformation of Oil and Gas Companies
The key topic is human resources. They determine success in every respect
06.06.2019
SPIEF 2019
From Raw Materials to Services: The Digital and Technological Transformation of Oil and Gas Companies
Efficient digitalization is not possible without cooperation among market players. The role of the government is truly important here – it needs to come up with incentives for this type of cooperation
06.06.2019
SPIEF 2019
From Raw Materials to Services: The Digital and Technological Transformation of Oil and Gas Companies
The most important thing here is the role of the government. We need to help with the infrastructure, with removing administrative barriers and creating an environment for technological development, i.e. a certain ecosystem
06.06.2019
SPIEF 2019
From Raw Materials to Services: The Digital and Technological Transformation of Oil and Gas Companies
Overall energy consumption will grow up to 2035, and the increment will reach 30%, but renewable sources will take a large share
06.06.2019
SPIEF 2019
From Raw Materials to Services: The Digital and Technological Transformation of Oil and Gas Companies
The oil industry has always been among leaders of new technologies introduction, not just becasue it employs special people or scientists, but because it has been an industry that had to explore new deposits and enter new markets. The need called for new technologies
06.06.2019
SPIEF 2019
From Raw Materials to Services: The Digital and Technological Transformation of Oil and Gas Companies
It is an important and relevant topic, especially that digitalization is the Forum’s most dicussed one if you add up all the time speakers used to address it
06.06.2019
SPIEF 2019
Digital Subsoil Use
When it come digitalization, we would like to fit in. But can we actually do it? It a big question. It is important not to get carried away here
06.06.2019
SPIEF 2019
Oil and Gas Industry. Regulatory Activity and Prospects for Development of Oil and Gas Industry in Russia and China
Starting from this year, there is a tax system experiment that will factor in actual project cash flow: not just apply taxes to the revenue but look into the economic factor of the projects. The add-on yield tax can significantly raise profitability for deposits with high costs and result in higher output in those deposits, by up to 40% over the project’s life cycle
06.06.2019
SPIEF 2019
Oil and Gas Industry. Regulatory Activity and Prospects for Development of Oil and Gas Industry in Russia and China
The Government provided preferences to exhausted, remote or difficult deposits in East Siberia, in the Arctic territories. The share of extraction with preferences is growing. It tells us that the Government sees the problems and tries to resolve them together with investors and businesses
06.06.2019
SPIEF 2019
Oil and Gas Industry. Regulatory Activity and Prospects for Development of Oil and Gas Industry in Russia and China
There is a number of challenges that we have to fight: overcoming long distances, climate, there is room for improvement in energy efficiency, and of course, the growing competition both among countries that supply natural resources and among fuels. The latter means it is the market share competition in energy generation against renewable energy sources and among coal, gas and oil. It is important to raise efficiency to keep our deposits attractive
06.06.2019
SPIEF 2019
Oil and Gas Industry. Regulatory Activity and Prospects for Development of Oil and Gas Industry in Russia and China
Russia is open for partnership and developing potential for Russia–China cooperation to the full is truly important for us. This ranks among the highest potentials for mutual investment and interest in the world
15.02.2019
Russian Investment Forum 2019
Social mobility as a tool for economic growth and global competitiveness
For social mobility to work, the system should be ready to dismiss people, and not to dismiss them for further promotion or horizontal transfers, as is often the case here. It is a standard practice for the system in a normal healthy society
15.02.2019
Russian Investment Forum 2019
Social mobility as a tool for economic growth and global competitiveness
Social mobility mechanisms were aimed at making people believe in sincerity and opportunities. This is what makes the process systematic. The worst thing is when 90% of people are not ready to use social mobility. We should focus on this area
09.04.2019
International Arctic Forum 2019
Arctic Shelf Development: The Potential and the Risks
Work is continuing apace on this issue [developing technology under current sanctions – ed.]. <…> We need to find partners and come up with ways to reduce costs
09.04.2019
International Arctic Forum 2019
Arctic Shelf Development: The Potential and the Risks
An analysis of global practice is currently under way. We expect to subsequently use this to simplify procedures and substantially reduce red tape
09.04.2019
International Arctic Forum 2019
Arctic Shelf Development: The Potential and the Risks
The fiscal system is a crucial component. It needs to be stable and offer sufficient profitability [regarding the development of deposits – ed.]
09.04.2019
International Arctic Forum 2019
Arctic Shelf Development: The Potential and the Risks
The pressure from sanctions, which impose specific restrictions on technology, has meant that time frames for developing reserves have shifted somewhat to the right
15.02.2019
Russian Investment Forum 2019
Chemistry for Life
How can you make people sell in the domestic market? You can force them to, or you can provide economic incentives. To avoid the practice of dictating terms, we, in co-operation with the Ministry of Finance, introduced a damping mechanism — reverse excise tax. This element has been in place for a month so far. The difference between the export alternative and an estimated market price, which has to be suitable for everyone, is compensated from excess budget returns that come from oil price growth. A part of this difference is compensated — a half in nominal terms and 70–80% in real terms
15.02.2019
Russian Investment Forum 2019
Chemistry for Life
Support measures should be systematic. They should provide every investor who wants to invest in it with a picture for 15–17 years ahead and guarantee that they will be able to get back the invested money due to high EBITDA margin, which, for example, will be partially secured by reverse excise tax
04.10.2018
Russian Energy Week 2018
The Development of Pricing on the International Oil Market: New Benchmarks, Currencies and Settlement Technologies
We have a gigantic physical market, a resource base, and potential. So it’s totally logical to ask — if the resources are ours, the suppliers are ours, the transportation are ours, and the customers ours, why is this all being traded on other exchanges? Why are other indicators being used and what should we do about it? If we want to attract consumers, we need to provide them with clear conditions and outline the benefits that they will receive. In today’s world, the benefit is a reduction in the degree of manipulation and the creation of an alternative to well-established indicators
04.10.2018
Russian Energy Week 2018
The Development of Pricing on the International Oil Market: New Benchmarks, Currencies and Settlement Technologies
Stability is one of the main factors in the hands of the government, the state, and business that can be influenced. We complain about external factors, and they are, indeed, quite often fundamental, but sometimes we forget about what we can change. This concerns taxation and regulatory conditions, which are important for launching new products and new projects
04.10.2018
Russian Energy Week 2018
The Development of Pricing on the International Oil Market: New Benchmarks, Currencies and Settlement Technologies
In the past year and a half, a lot of work has been carried out: the budget rule and the fact that foreign currency is withdrawn from the market to the reserve fund have allowed us to stabilize the exchange rate and inflation. These are two factors that give investors confidence [...] When we market the URALS product, it should not be an effort just by individual government agencies or companies. It should be a collective effort. The Ministry of Energy is ready to provide a platform to unite regulators, the exchange, and consumers for joint efforts in futures marketing
04.10.2018
Russian Energy Week 2018
The Energy Potential of the Arctic: Implementing Projects and Developing Logistics
This isn’t just a transport corridor for transporting oil and gas. Once we are able to meet the goals set by the President and provide year-round navigation along this route, it will be a new transport route that can reduce the route from Asia to Europe by 30%. For a ship, that’s an eternity. In the modern world, there have been no such breakthroughs for a hundred years
03.10.2018
Russian Energy Week 2018
Identifying a Strategy to Succeed on the Global Petrochemical Market
At the Ministry of Energy, we have long called for — and we will continue to do so, and we see substantial support of our thesis — ensuring that the tax regulation does not deteriorate for capital-intensive industries with long investment cycle, such as petrochemicals, oil and gas, over the period of 10 to 15 years. Otherwise, nobody is going to invest in projects with a return of 12–14%, if there is a possibility, even a small chance, that in six or nine months the tax regulation changes. Unfortunately, this happened quite often in the past
03.10.2018
Russian Energy Week 2018
Identifying a Strategy to Succeed on the Global Petrochemical Market
We have relatively small production capacity. We now produce approximately 10 million tons in petrochemistry, most of it is consumed in the domestic market, and we import some things that are not on the list of what we produce. Exports amount to USD 3.2 billion. This number does not impress, especially compared to other fuel and energy economy sectors
03.10.2018
Russian Energy Week 2018
Identifying a Strategy to Succeed on the Global Petrochemical Market
If the global economy growth rate does not fall significantly below 3%, which is not in the predictions yet, we believe that the demand for petrochemistry in the foreseeable future will increase at the rate of 5.5% to 6.5% per year over the next 20 years
25.05.2018
SPIEF 2018
The Place for Traditional Players in the Digital Economy
Traditional and non-traditional industries should coexist. There should not be an invention for the sake of invention or work for the sake of work. Everything should be headed towards producing a result. <...>To remain competitive in the market, it is necessary to introduce new technologies and keep up with the times
24.05.2018
SPIEF 2018
Infrastructure of the Future: How should Business and the Authorities Adapt to the New Environment?
It is impossible to instil digitalization, any new technology is not going to work if it is forced. We need to create conditions for the business itself to be interested in this. As for energy, there are tax incentives
24.05.2018
SPIEF 2018
Infrastructure of the Future: How should Business and the Authorities Adapt to the New Environment?
Those contractors who work with oil companies and create this environment for them, they don’t work with oil companies alone. <...> In other words, this contractor can work with Sberbank but the oil company gave him a basic anchor contract that allowed this company to develop and enter the market
24.05.2018
SPIEF 2018
Infrastructure of the Future: How should Business and the Authorities Adapt to the New Environment?
Oil industry <…> may become a source of significant capital for investment for the digital segment development <...> and most importantly, the oil industry needs it
24.05.2018
SPIEF 2018
Infrastructure of the Future: How should Business and the Authorities Adapt to the New Environment?
Most of charging stations <…> are entirely unprofitable