Ministry of Finances of the Republic of Tatarstan

Rustam Minnikhanov: “Tatarstan is interested in cooperation with Hyundai Corporation in a number of areas”

29 August 2013, Thursday

On August 28 at a meeting with representatives of Hyundai Corporation Tatarstan President Rustam Minnikhanov said that Tatarstan is interested in cooperation with Hyundai Corporation in a number of areas, including waste utilization and management, oil refining and power engineering.

Welcoming the guests, Rustam Minnikhanov noted that Hyundai brand is well-known throughout the world. In particular, Hyundai Motor was the general sponsor of World Summer Universiade 2013.

According to Rustam Minnikhanov, Tatarstan puts much emphasis on environmental issues. The issues of recycling and processing of solid domestic waste are of particular importance. Tatarstan President said that today it is important to arrange work on waste management in a systematic way. There are currently three waste recycling plants in Kazan. The waste selective collection system is now being implemented.

“Hyundai corporation" has a lot of experience in recycling and processing of waste. We would like to cooperate with your company in this area,” Rustam Minnikhanov noted.

Vice-President of “Hyundai Corporation”, Director General of "Hyundai Corporation Moscow and CIS” Keun Woo Park made a short presentation of waste management concept – from collection of waste to its recycling and use of energy.

According to Rustam Minnikhanov, the Korean company's concept on waste management is very interesting. Rustam Minnikhanov asked to establish a working group, that will include representatives of Tatarstan Ministry of Ecology and Natural Resources, Kazan Executive Committee, as well as specialists from Naberezhny Chelny and Nizhnekamsk, to study in details experience of Korea.

The issues of cooperation in the sphere of oil refining and petrochemistry were also discussed by the parties during the meeting.

Representatives of “Hyundai” told about activity of “Hyundai Engineering” and “Hyundai Construction” specializing in designing and construction of oil refining plants and modernization of power engineering objects.

Representatives of “Hyundai Corporation” showed their interest in cooperation with OAO “TANECO”, OAO “Nizhnekamskneftekhim”, OAO “Kazanorgsintez” and other Tatarstan industrial enterprises.

The presentation of implemented projects of “Hyundai corporation” in the sphere of oil refining and petrochemical industries and projects that are under construction (Afghanistan, Turkmenistan, Taiwan, Saudi Arabia, Libya) was also made at the meeting.

Vice-President of “Hyundai Corporation”, Director General of Hyundai Corporation Moscow and CIS” Keun Woo Park, Project Manager of “Hyundai Corporation” in CIS Ji Hwan, Counsellor to Head of Federal Service for Supervision of Natural Resources O Han Do, representatives of Tatarstan Ministry of Ecology and Natural Resources, Head of Kazan Executive Committee Aleksey Pesoshin, Director General of OAO “TAIF” Albert Shigabutdinov, Director General of OAO “Tatheftekhiminvest-holding” Rafinat Yarullin, First Deputy Director General of OAO “Tatneft” – Head of Crude Oil and Petroleum Products Sales Department Nail Maganov and other officials took part in the meeting at Tatarstan Government House.

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