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Sber’s delegation visited construction site of Irkutsk Polymer Plant and other facilities in Ust-Kut

October 22, 2021

During a one-day trip on October 19th, 2021, a high-ranked delegation of Sberbank visited the construction site of the Irkutsk Polymer Plant and other facilities. Among the facilities visited was the Ust-Kut Gas Processing Plant, LPG terminal, Storage and Shipment Complex, as well as the construction site of the future residential area for employees.
Делегация Сбера посетила объекты газохимического кластера Иркутской нефтяной компании

The delegation of PJSC Sberbank was led by Mr. Anatoly Popov, Deputy Chairman of the Board, and other top executives and managers, of the largest bank in Russia. Sber’s one-day visit was hosted by Mr. Yakov Ginzburg, CEO of Irkutsk Oil Company, Mr. Yuriy Rubin, Deputy CEO and CFO, and Mrs. Elena Vaulina, General Director of Irkutsk Polymer Plant.

“Irkutsk Polymer Plant’s construction is almost 40% complete and the commissioning is scheduled for 2024. Currently, more than 2,000 contractors are working at the facility. The peak of construction work is scheduled for late 2022 and 2023 with about 7,000 to 8,000 people working on the plant,” Yakov Ginzburg told his guests.

The bank representatives were also shown the additional facilities within the plant: water purification units, fire water tanks, treatment facilities, and other auxiliary units and plants.

“Today we are working hard on recruiting personnel for the project and future operations of the plant. We recruit staff from all over Russia. The employees, including young specialists, are trained and taught in the local colleges of Ust-Kut on major trades required for their future work at the plant,” said Mr. Aleksandr Dyadkin, Deputy Director of the Irkutsk Polymer Plant.

The construction of the new residential area for the plant employees is in progressing very well, and it was visible during the helicopter tour. The housing project is made up of groups of residential buildings — about 30 block sections for three thousand people. The residential area will have a school for 520 students with a swimming pool and a stadium, and two kindergartens for 90 -190 children.

“Irkutsk Oil Company is our long-term and reliable partner and I am glad to visit the construction site of the facilities for which Sberbank helps finance. This large-scale project includes not only new opportunities and jobs for employees, but it also provides a whole city with proper living conditions. An important point is that the latest technologies meeting the international environmental requirements will be used for the plant construction, and environmental monitoring will be performed regularly. It is crucial for both INK and Sberbank to guarantee cooperation with ESG guidelines, as was concluded by Sberbank and Irkutsk Oil Company this year during the St. Petersburg Economic Forum” commented Mr. Anatoly Popov, Deputy Chairman of the Board of Sberbank.

The start of construction of the new residential area is scheduled for 2022, and soon after employees will be able to relocate to Ust-Kut with their families. Commissioning of the 30 block sections is planned over several phases, so that people can move in the date of the plant start-up. Commissioning of the entire new residential area is scheduled for the end of 2025.

Irkutsk Oil Company ranks among the largest independent oil producers in Russia. The company was established in 2000. The main beneficiaries are Nikolay Buynov, Chairman of the Irkutsk Oil Company Board of Directors, and Marina Sedykh, Member of the Board of Directors. The Company undertakes geological surveys, exploration, and production at 51 subsoil license blocks in Irkutsk Region, Krasnoyarsk Territory, and the Republic of Sakha (Yakutia). The largest recent investment project of Irkutsk Oil Company is the development of the gas and chemical cluster; the site includes gas recovery, preparation, transportation, and processing facilities, a helium plant, and a polymer plant. The company currently employs over 10 thousand employees.

PJSC Sberbank is Russia’s largest bank and a leading global financial institution. It holds almost one-third of aggregate Russian banking sector assets. Sberbank is the key lender to the national economy and one of the biggest deposit takers in Russia. The Government of the Russian Federation represented by the Ministry of Finance of the Russian Federation is the principal shareholder of PJSC Sberbank owning 50 % plus one voting share of the bank’s authorized capital, with the remaining 50 % minus one voting share held by domestic and international investors. Sberbank has customers in 18 countries. The bank has a major distribution network in Russia with about 14,000 branches, while its international operations — subsidiary banks, branches, and chapters — include the UK, US, CIS, Central and Eastern Europe, India, China, and other countries. Official websites of the bank: (website of Sberbank Group), In 2020 Sberbank underwent a rebranding, offering financial and non-financial services of the bank and Sberbank Group to individual and corporate customers. The SBER ecosystem ( is a raft of services for life and daily assistance in handling pressing everyday issues for individual customers and businesses.

100 thousand cubic meters of concrete poured at the construction site of the Irkutsk Polymer Plant Large-sized equipment weighing over 60 tons has been delivered from Philadelphia to Bratsk by the world’s largest cargo plane