New oil extraction plant to be built in Bashkiria

Another oil extraction plant will appear in Bashkiria. The Absolut Alliance company's investment project, which involved Turkish and Chinese businesses, was considered at the Investment Hour in the House of the Republic.

The investment volume is about 7 billion rubles. The plant will employ 320 people. The future enterprise is designed with processing workshops, bottling lines, and storage facilities for raw materials and finished products, which will be sent primarily to the domestic and Chinese markets.

The investment committee approved this business plan. The authorities have committed to providing the project with state support in the form of reimbursement of part of the investor's costs for purchasing agricultural machinery and processing equipment.

The head of the republic instructed the Ministry of Economic Development and Trade to select a site for the enterprise and the investor.

Author: Elina Akhmetova