Refining

In 2013, Saratov oil refinery increased net profit by 1.6 times

In 2013, the Saratov oil refinery increased net profit by ISA by 1.6 times to 2.875 billion rubles, revenue by 8% to 12.589 billion rubles, operational profit by 1.5 times to 3.632 billion rubles, and pretax profit by 1.7 times to 3.536 billion rubles. Common expenses, including those to amortization, production and operational activity reduced from 9.221 billion rubles in 2012 to 8.957 billion rubles in 2013.
The Saratov oil refinery joined Rosneft in March 2013. Its annual capacity is 6.75 million tons of oil.
Translated by Nadezhda Poltoratskaya

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Edward Hudaynatov creates Joint Venture with Alliance Oil.

The ex-head of "Rosneft" creates a joint venture with Alliance Oil.
In the biggest deal in the oil industry  since "Rosneft" bought TNK-BP: the former head of the state company Eduard Hudaynatov, who went into private business, fulfilled Igor Sechin’s precept "to develop new ambitious projects in the fuel and energy sector" and combined assets in a joint venture with the Bazhaev family’s Alliance Oil. The total value of the joint venture could be up to $ 6 billion. Mr. Khudainatov’s independent oil and gas company receives 40 % in the joint venture, the top manager will become a CEO. But experts believe that in the future the "Alliance" group and Musa Bazhaev will leave the oil industry and focus on platinum.

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UzIndoramaGasChemical to prepare a GCC draft for $ 2.5 billion in Uzbekistan by the end of the year.

The JV UzIndoramaGasChemical will prepare a project to build a gas-chemical complex (GCC) in Kashkadarya region in southern Uzbekistan by the end of the year, a source close to the project stated onTuesday.
The pre-feasibility study of the project is prepared, at the moment the participants are preparing the plan of action for its approval in the Uzbekistan government, the source stated. According to it, the plan envisages the completion of the feasibility study before the end of this year, as well as working out the details of the construction financing and the timing of the tender process for the construction of the GCC technological part.

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Last year "UralChem" increased the net debt 5 times.

In 2013 "UralChem"’s IAS net profit decreased by 61%, amounting to 8.19 billion roubles. The net debt increased five times to 148.9 billion roubles, according to the financial statements.
The company's revenue last year decreased by 4% to 72.5 billion roubles, the operating profit – by 27% to 16.5 billion roubles. The adjusted EBITDA decreased by 23 %, amounting to 20.1 billion roubles, the adjusted EBITDA margin - by 6% to 28%.
The net debt of "UralChem" increased compared with 2012 5 times to 148.9 billion roubles. Increasing the size of the company's debt is to a greater extent due to the involvement of the loan of $ 4.5 billion at VTB Capital in the December 2013.

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Mozyr Oil Refinery has started oil dispatch to the Ukraine

The Mozyr Oil Refinery has restarted oil deliveries by river to the Ukraine. This week they restarted diesel fuel supplies via the Pripyat-Dnepr river system. The plan for April is 8,000 tons of fuel. In case of the confirming of economic reasonability of the project, diesel fuel supplies will gradually increase. The plant has worked out possible the diversification of the use Belarus oil products imports for several years, in connection with the recent growth in railway transport in connection with unification of tariffs within the unified economy space. In December 2011, the plant performed the trial dispatch of 610 tons of diesel fuel transported to the Ukraine by river.

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Sibur has developed commercial production of new polypropylene sorts

Sibur’s production assortment has been increased by 10 new sorts of polypropylene. They have a number of different segments of application, and solve import replacement tasks and are unique for the benchmark assortment of Sibur and being as good as the best global analogues.
Polypropylene sort PP H085 CF is meant for the production of non-oriented multi-layer packaging CPP-films  produced, in particular, at  the BIAXPLEN plant, Sibur’s subsidiary.
Sort PP H033 FF is meant for the production of uniaxial-oriented tape yarn, raffia. The special receipt of the mark enables it  to achieve in the processing several competitive advantages in comparison to the basic sorts of polypropylene. In particular, the volume of waste reduces and yield increases. The quality of the finished  items improves as well, including the mechanical specifications of tape yarn, and the efficiency of the textile processing of the raffia to soft packaging

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Sibur-Chemprom can increase oxo-spirit production by 5,000 tons a year

Sibur-Chemprom can increase oxo-spirit production by 5,000 tons a year

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The cost of VNHK construction is higher than the specified 1.3 trillion roubles.

The cost of the Eastern Petrochemical Company (VNHK, "daughter" of NK "Rosneft") construction will be higher than the specified 1.3 trillion roubles, announced Viktor Ishayev, the Rosneft presidential adviser coordinating projects in the Far East in the rank of vice-president.
The cost of a new project is still unknown. According to Viktor Ishayev, it will depend on the speed of solving a number of problems. "The cost of the project was once voiced in 2013 prices – it was more than 1.3 trillion roubles. We already understand that it will be higher - Viktor Ishayev states. - Only the complex itself will give 20 thousand jobs.

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Engineering petrochemical cluster to appear in Bashkiria

There will appear an engineering cluster for regional scientific companies, engaged in oil, gas and petrochemical field. It will comprise about 30 entities. Elshad Telyashev, legal advisor of the regional governor for oil production, refining and petrochemistry said about it.
According to him the cluster may combine such companies as the state unitary enterprise “Oil Refining and Petrochemical Institute of the republic of Bashkortostan”, scientific research institute “Bashgiproneftekhim” and “BashNIIstroi”.

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Modern gas petrochemical complex to be constructed in Turkmenistan

There will be held a great ceremony of the start of modern gas petrochemical complex construction today in Turkmenistan. Its capacity will make up 386 thousand tons of polyethylene and 81 thousand tons of polypropylene a year, ITAR-TASS reports.
The complex of over $3.432 billion in value will be built by Japan TOYO Engineering, South Korean Consortium LG International Corporation and Hyundai Engineering Corp. Ltd. 

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