Rosneft, Novatek, Gazprom to invest trillions of rubles in Russia's Yamal — governor

The total volume of investment after implementation of top priority projects by 2020 is likely to reach 900 bln rubles ($13.7 bln), a representative of the region’s government says.

Russian oil and gas majors Rosneft, Novatek and Gazprom plan to invest several trillions of rubles in the economy of Russia’s Yamal-Nenets Autonomous District within the nearest several years, the region’s governor Dmitry Kobylkyn said on Thursday.

"Big companies like Rosneft, Novatek and Gazprom has announced their readiness to invest trillions of rubles in the economy of the Yamal-Nenets Autonomous District within the nearest years, though there is more investment to come to the region," he said.

"Of course, big investors will be requesting subsidies for their investment projects, which will help our region to surge, and the main task for the authorities is to create favorable conditions for big Russian companies," the governor said.

The total volume of investment after implementation of top priority projects by 2020 is likely to reach 900 bln rubles ($13.7 bln), a representative of the region’s government said. "Our region is the second-largest in the country in terms of investment per capita," the representative said.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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