Post sponsored by NewzEngine.com

MIL OSI Translation. Region: Russian Federation –

The state compensates the producers of medical oxygen for part of the cost of purchasing new equipment. Owners of drilling rigs in the oil and gas industry will also receive assistance for upgrading equipment in the form of a so-called utilization grant. The decree on this was signed by the Chairman of the Government Mikhail Mishustin.

It was decided to subsidize medical oxygen producers up to 20% of the cost of new cryogenic air distribution units.

For drilling rigs, we are talking about compensation from 20 to 25% (with the use of innovative solutions) of the cost of purchasing new Russian-made equipment. At the same time, the main condition for its receipt is the disposal of outdated equipment.

The maximum subsidy for the purchase of one new cryogenic unit is RUB 165–700 million, depending on the equipment capacity. For a drilling rig – 50–150 million rubles, depending on the type of rig.

The subsidies will encourage companies to upgrade their equipment, and in the case of drilling rigs, they will also help support Russian manufacturers of such equipment.

The document will be published.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News