Rosneft to invest US$5.4 bln to build petrochemical plant in Far East

Russian oil major Rosneft plans to invest 173 bln roubles (US$5.36 bln) to build a petrochemical plant in the Far East, as per CEO Igor Sechin reported by Reuters. "Today it (the construction) will start," Sechin told President Vladimir Putin during a presentation of the project. The plant will be ready in 2017 to produce 3.6 mln tons of petrochemical products per year. About 80% of the output will be exported.
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