Refining

ZapSibNeftekhim completes construction of boilers at pyrolysis unit

The mechanical readiness of high and low pressure boilers producing steam for technological and auxiliary production needs has been achieved at the ZapSibNeftokhim pyrolysis unit, the project press

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In January 2019, petrol to rise in price at most by 1.7%

In January 2019, growth of retail petrol prices should be limited to the figure of 1.7% (taking into account the increase in the VAT rate), and from February 2019 it should remain within the averag

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LUKOIL reconstructs primary refining unit in Volgograd

LUKOIL intends to reconstruct ELOU-AVT-5 (CDU/VDU-5) at an oil refinery in Volgograd. Construction and assembly work is expected to be completed closer to the end of 2020.

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Sibur to sell part of its petrochemical assets

The Sibur holding company has planned to sell a part of its petrochemical enterprises that are not related to the priority direction of assets development.

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Sibur early buys Eurobonds for $192 mln

Sibur has bought its own Eurobonds to the amount of $192 million ahead of schedule, the company reports. The company bought the securities at the price of 97.4% of the nominal value.

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In the first 3 quarters, Sibur increase its EBITDA by 30%, revenue – by 28%

In the first three quarters, Sibur increased its revenue under IAS by 28%. The company's net profit decreased by 11%, as it follows from the company’s financial statements.

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In the first 3 quarters, Moscow and Omsk oil refineries increased output of petrol and diesel fuel by 10% and 5%

Omsk and Moscow oil refineries of Gazpromneft have increased oil processing volumes by 7.9% to 23.4 million tons.

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ExxonMobil may take part in implementation of VNKhK project

ExxonMobil can become a partner of Rosneft in project of Eastern petrochemical company (VNKhK).

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In the first 9 months, Kazanorgsintez increased its net profit under RAs by 35% to 16 bln

In the first nine months of the current year, Kazanorgsintez (part of the TAIF Group) increased its net profit under RAS by 11.4% The net profit grew by 34.9%, as it follows from the company's

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Komsomolsk refinery increased its fuel and energy resources savings by 41%

RN-Komsomolsk Refinery (part of Rosneft), as a result of the implementation of the energy saving program, reduced the spend of fuel and energy resources by 41%, which corresponds to 2.8 thousand to

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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