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Economy/Business
23 May 2022, 17:44

Ufimsky plant will increase oil and gas equipment output due to state leasing support

The regional leasing company of Bashkiria and the Ufa plant "Burservice" entered into a leasing deal for the purchase of a machine tool for the production of oil and gas equipment, including import-substituting equipment. This was reported by the press service of the republican government.

After commissioning, the plant expects an increase in production capacity and revenue by almost 17 percent. Leasing support is provided in Bashkiria as part of a national project to support SMEs.

According to the Minister of Entrepreneurship and Tourism of Bashkiria Rustem Afzalov, the leasing transaction took place as part of the regional leasing company's preferential leasing program "Priority production and suppliers of major customers" at 6% per annum for domestic and 8% per annum for foreign equipment.

As noted by the government, the conditions for providing leasing in the republic have been preserved in full. Moreover, the regional leasing company improved the parameters for the product "Sustainable Development". The minimum amount of financing for it has been reduced from 2.5 million to 500 thousand rubles, and the maximum lease term has been increased from 60 to 84 months. The advance payment is reduced to 10% of the total cost, and the share of related acquisition costs, including delivery, installation, and commissioning, is increased to 25% of the value of the leased asset.

The Burservice plant is one of the leading Russian manufacturers of equipment and tools for drilling and workover of oil and gas wells with an advanced research and development bureau, a powerful production complex, and a modern machine park. Technical and technological capacities allow us to provide services at 70 wells simultaneously.

The national project to support small and medium-sized businesses was developed on behalf of Russian President Vladimir Putin.

Author: Galina Bakhshieva

Translated by:Tatyana Aksyutina
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