Gennadiy Schmal: oil-gas chemistry can be a real driver of the Russian economy.
The real driver of the domestic economy in the short term may be oil-gas chemistry. This opinion was voiced by President of the RF Union of Oil and Gas Industry Gennadiy Schmal to the Oil and Gas Information Agency.
"This shows the world practice, - he stated. - Let's compare two economies – the Russian and the Chinese. In China chemical products sector is 20% of GDP, and they have it 3.5-4 times higher than in the Russian Federation. 30% of industrial production - the chemical products sector, which is 1 trillion 400 billion dollars. We have a little over 80 billion dollars. In 2014 the German company BASF produced 1.5 times more products than all the chemists of Russia".