March 2021

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Regional Focus: Russia looks to double petrochemicals and LPG exports by 2025

Russia hopes to become one of the world’s largest producers and exporters of petrochemicals and LPG by 2025 by doubling its domestic output and exports.

Gerden, E., Contributing Writer

Russia hopes to become one of the world’s largest producers and exporters of petrochemicals and LPG by 2025 by doubling its domestic output and exports. Implementation of this plan will be part of the country’s existing International Cooperation and Export initiative, providing a roadmap for the expansion of the petrochemicals and gas processing sectors. Despite Russia’s status of one of the world’s largest oil and gas producers, its share of petrochemicals and LPG in the overall structure of the Russian economy does not exceed 2%. Promoting petrochemicals and LPG As part of its development plan, Russia aims to increase the value of its petrochemical exports to $37 B by 2024 from $22.4 B i

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