Tatar deputy prime minister meets with Vincent Park Holdings Ltd

The Tatarstan’s first deputy prime minister Boris Pavlov on 27 May met with the Vincent Park Holdings Ltd transnational company’s CEO Joseph Rubinstein, reports the Cabinet of Ministers’s press service.

The deputy premier thanked the foreign businessmen for interest in the Tatarstan’s economy. In a brief presentation, he told the guests of the local government’s efforts on the oil, petrochemical and machine building industries development, the special economic zone Alabuga, and of shifting the local economy to the innovative course through implementing nanotechnologies.

Mr Pavlov invited the foreign businessmen for cooperation and asked them to present their possibilities with respect to the Tatarstan’s specifics. The Vincent Park Holdings’s president Joseph Rubinstein replied, saying that the holding company was engaged mainly in global trade operations in the field of petrochemistry. Its partners included firms in Europe and in the rapidly developing China, South Korea and other states.

Jointly with their strategic partners, the Centurion Credit Management LP firm, led by Murray Huberfeld, the holding company has built an auto plant, an electric station and 7 dams in China. “We are not only willing to buy Tatarstan’s petrochemical plants’s products in large amounts and on a long-term basis, but to invest in the construction of a new oil refining plant in Nizhnekamsk, provided that payment is made with end products or even with crude oil. We are ready to consider projects related to implementing nanotechnologies in other branches as well,” said Joseph Rubinstein.

The parties agreed that following a thorough examination of cooperation scenarios by experts, a meeting with the Tatarstan’s oil and petrochemical executives would be held in Kazan. The terms and agenda are to be decided on later.