Petrochemical industry: competitiveness and cooperation of Russia and China

Petrochemical industry is considered to be one of the key drivers of the economy of a country, directly affecting its competitiveness. Constantly increasing demand for petrochemical products makes countries expand their production and always improve it. Russia being strongly behind the world leaders of petrochemical industry has an opportunity to augment its potential by developing the important strategic regions of East Siberia and Far East, which contains large reserves of multi-component gas. Building of Amur gas processing plant (GPP) can contribute to the improvement of relations with China – the world leader in petrochemistry, as one of the most important partners for our country. However, the uneven distribution of forces in this partnership calls into question the rationality of the implementation of the project the GPP for Russia in the current economic conditions.