Rosneft runs investment program to develop its refineries
The oil company RosNeft has confirmed its plan to invest in its refineries. As the company’s Vice President Peter O'Brien said, about $1bl will be invested in each of the seven refinery plants of the company. "In the following 4-5 years the investment program will be about $1 billion per refinery," Oil of Russia quoted Mr. O’Brien as saying.
Currently, Rosneft owns seven large Russian refineries with total annual capacity of 54 million tons: Tuapse, Komsomolsk, Novokuibyshev, Kuibyshev, Syzran, Achinsk and Angarsk, as well as three mini-refineries. This allows the company to process about 50% of its produced crude oil.
Last year’s results of the company show, Rosneft boosted its production to 47.1 million tons of petroleum products, a 1.3-percent growth year-over-year.
Currently, Rosneft owns seven large Russian refineries with total annual capacity of 54 million tons: Tuapse, Komsomolsk, Novokuibyshev, Kuibyshev, Syzran, Achinsk and Angarsk, as well as three mini-refineries. This allows the company to process about 50% of its produced crude oil.
Last year’s results of the company show, Rosneft boosted its production to 47.1 million tons of petroleum products, a 1.3-percent growth year-over-year.