VLADIVOSTOK - China's Wang Yu He Corporation, based in Dalian, Liaoning province, on Wednesday expressed readiness to transfer its fertilizer production facilities to the Russian Far East.

The East Russia Oil and Gas Forum kicked of in Vladivostok on Wednesday and will take place on July 6-7 and is dedicated to major energy projects in Eastern Siberia and Russia's Far East, chiefly focusing on the Russian government's development strategy for the region and the far eastern Advanced Development Territories (ADT) aimed at attracting foreign investment.

Participants will also become familiar with opportunities available to Asian investors and promising energy projects, such as the Irkutsk and Yakutsk gas fields, the Vankor oilfield, the Chonsk oil and gas project and the Sakhalin gas fields.

"We would like to start by transferring the production of mineral fertilizers," the company's consultant in Russia, Elena Kholod, said at the East Russia Oil and Gas Forum.

The company has its own production system that it wants to bring to Russia's territories bordering China, she added, stressing that the unique system should distinguish Wang Yu He from its competitors.