List of priority investment projects of Bashkortostan included oil extraction plant in Kumertau

UFA, 28 March 2016. /Bashinform News Agency, Galina Bakhshieva/. A project for construction of an oil extraction plant in Mayachny village in the suburbs of Kumertau is included in the list of priority investment projects of Bashkortostan. The corresponding order was signed by the Ministry of Economic Development of the republic.

The initiator of the construction is LLC "Elevator" being a part of the Sigma holding company. The company applies for receiving a state support in the form of tax benefits.

The project will be implemented in several stages. It is planned to construct oil extraction plant facilities, to launch extraction and refining shops, create a shipping and logistics company and to build an elevator. Within the first two stages about 3.7 billion rubles will be invested. The total investment will amount to about 6 billion rubles. More than 600 jobs will be created due to the implementation of this investment project in the region.

According to the press service of the Ministry of Economic Development RB in the framework of the agreement signed between Bashkortostan and the Foundation of Single-Industry Towns, the construction of engineering infrastructure of oil extraction plant is co-financed from the federal and republican budgets.