Taimyr makes Krasnoyarsk region world’s most important oil and gas province

Taimyr makes Krasnoyarsk region world’s most important oil and gas province

April 19, 2022

Krasnoyarsk region governor Alexander Uss spoke about plans for the Krasnoyarsk Arctic development.

#ARCTIC. #SIBERIA. THIS IS TAIMYR. Governor Alexander Uss took part in the video conference on the development of the Arctic, chaired by the president. The Arctic zone area in our region is more than a million square kilometers. This is 46.3 percent of the entire territory of the region and 23 percent of the entire Arctic zone of Russia.

The Krasnoyarsk region traditionally occupies a leading position in the ratings of investment attractiveness and is among the top ten regions in terms of attracted investments. A significant share of these investments falls on the projects of the Krasnoyarsk Arctic.

“It is Taimyr and the Vostok Oil investment project being implemented on its territory that will allow the region to reach unprecedented volumes of oil production and become the most important oil and gas province not only in Russia, but throughout the world, as well as make a significant contribution to increasing cargo transportation along the Northern Sea Route”, noted the governor.

In the field of metallurgy, Medvezhiy Ruchey enterprise is implementing the Southern Cluster project in Norilsk, which is aimed at increasing mining and processing capacities.

Also in the region there is a regime of the Arctic zone of the Russian Federation, which already includes 11 residents in the fields of tourism, services, and the mining industry. One of the major investment projects is the project of the Severnaya Zvezda company to create the West Taimyr coal cluster. Another 21 investors are preparing documents for applying for the status of a resident of the Arctic.

The implementation of investment projects is also facilitated by a special tax regime introduced in the region in 2020. Reduced corporate income tax rates are set for its participants. Starting from 2021, regional tax preferences are in effect for small and medium-sized businesses in the Arctic zone of the Krasnoyarsk region.

A special area of ​​work in the Arctic is ensuring the environmental safety of residents. For participants in the national project Ecology in the region, a preferential rate for corporate property tax is applied – 0.1 percent.

As part of the Ecology national project, Nornickel is implementing an unparalleled Sulfur Program that will reduce sulfur dioxide emissions by 45 percent by 2023 and by 90 percent by 2025.

In addition, the head of the region reported on the possibility of building a small port downstream of the Yenisey, which would allow unloading the Trans-Siberian Railway and redirecting part of the flow through the Yenisey to the Northern Sea Route.

“For the Krasnoyarsk region, the Arctic zone is a very promising territory, with which we connect both our present and future development”, said Alexander Uss.

It should be reminded that recently Almaz Anabara geologists started active exploration in Taimyr: geological surveys of gold deposits are underway. Until 2030, Nornickel will spend $5.5 billion on environmental projects, while Norilskgazprom continues to develop the Messoyaha gas field.

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Text: Anzhelika Stepanova, Photo: Denis Kozhevnikov, Nikolay Shchipko and the Severnaya Zvezda LLC press office

April 19, 2022

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