OREANDA-NEWS. March 23, 2011. Representatives of government and business circles of the Republic of Singapore acquainted themselves with Nakhodka. In the course of their one-day visit foreign guests visited local enterprises and held negotiations with local authorities.

Official delegation headed by special adviser for economic development of the secretariat of the Prime-Minister of the Republic of Singapore Philip YEO included top-managers of the companies "Hexagon", "IE Singapore", etc.

Accompanied by aide to the Head of Nakhodka on international relations Irina SCHERBINA the delegation visited LLC "RN-Nakhodkanefteproduct". Director of the enterprise Ivan BARYSHEV told about its work in detail. According to him, in 2011 "RN-Nakhodkanefteproduct" plans the implementation of a large-scale investment program with annual volume of financing of 1 billion and 122 million rubles. The major part of these financial means will be spent for update of the facilities, modernization of technologies and construction of new objects.

After visiting LLC "RN-Nakhodkanefteproduct" the delegation held negotiations with the first deputy Head of Nakhodka city administration Boris GLADKIH. Philip YEO shared his impression about the city and projects being implemented in its territory. He also expressed interest in the development of trade, economic and friendly relations with Russia and Primorsky Krai.