Processing

Rosneft reduces capital investments into Russian refineries by 16% to 46 billion rubles

In 2019, Rosneft reduced capital investments into its refineries by 16.4%.

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Rosneft reveals its production results in 2019

In 2019, the largest Russian oil company managed to maintain its hydrocarbon production figures at the level of 2018, despite external restrictions such as the extension of the OPEC+ agreement and

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Russian refineries increase their own production of MTBE, which is prohibited in the West

In 2019, Russian producers of methyl tert-butyl ether (MTBE) reduced component shipments to the domestic market last year by 64.5 thousand tons to 475.6 thousand tons. This was reported by Argus .

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Sibur’s net profit grew by 28% last year

In 2019, the Sibur’s Net profit under IAS increased by 27.6% to 141.4 billion rubles, the company reported.

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SOCAR increased production of petrol by 15.3% and diesel by 21.5% in January

In January 2020, production of petroleum products in Azerbaijan increased by 21.3% compared to January 2019 to 272.6 million manats, the State Statistics Committee told the Interfax-Azerbaijan.

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Sibur is in no hurry to build Amur gas chemical complex, waiting for benefits

Sibur is waiting for the Government to approve the parameters of the benefits for ethane and liquefied petroleum gases, without making a decision on construction of Amur gas processing plant.

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It is planned to start construction of oil refinery in Georgia in 2021

Fasis Oil company and the international consulting company Deloitte&Touche are working on a project of an oil refinery, which is scheduled to be built on the Black Sea coast - in the village of

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Surgutneftegaz produced more than 60 million tons of oil in 2019

Surgutneftegaz received 60.8 million tons of oil in 2019, which corresponds to the indicators of 2018.

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Rosneft extended the contract for the supply of oil to refineries in the Czech Republic

Rosneft has extended for three years a contract with the Polish company PKN Orlen for the supply of oil to the refineries of the Polish company in the Czech Republic, Rosneft said in a statement.

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Fuel supplies to the Far Eastern Federal District will be subsidized

Deputy Prime Minister Yuri Borisov, who oversees the fuel and energy complex, approved the initiative to subsidize railroad fuel supplies to the Far East.

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