The Ministry of Industry and Trade of the Russian Federation is expanding support measures for the oil and gas industry

The Ministry of Industry and Trade of the Russian Federation is expanding support measures for the oil and gas industry. This was announced by the head of the department for the development of oil and gas equipment, Khadzhimurat Saadulaev.

To support investment projects aimed at the production of priority products, a cluster investment platform (CIP) operates. According to it, the maximum loan size has been increased to 100 billion rubles, the minimum amount of extra-budgetary funds has been reduced to 20%, and the preferential loan rate will be 7.8%.

In order to import substitution of high-tech products, leasing, and production of components, the Industrial Development Fund (IDF) of Bashkortostan offers preferential loans of up to 1 billion rubles for 5 years at 5%. The FRP operates 15 financing programs.

To introduce modern technologies that make it possible to produce products that are globally competitive, special investment contracts are in force (SPIC 1.0 and SPIC 2.0). It can be obtained on a competitive basis. The contract is concluded for 15 years with an investment of up to 50 billion rubles, up to 20 years with an investment of more than 50 billion rubles.

“SPIC support measures 1.0 and 2.0 include: the possibility of reducing the tax rate to 0% on profit, the possibility of reducing regional and municipal tax rates, special conditions for access to subsidized programs, acceleration and simplification of the procedure for obtaining the status of products manufactured in Russia “Made in Russia”, issuance of certificates confirming the possibility of using accelerated depreciation, special conditions for leasing land plots, the creation of infrastructure facilities,” said Khadzhimurat Saadulaev.

Let us remind you that the 32nd international specialized exhibition “GAZ. OIL. TECHNOLOGIES – 2024” and the Russian Petroleum and Gas Chemical Forum. The events are held in order to develop the oil and gas industry, introduce innovative technologies and equipment.