"Surgutneftegas" increases the vertical integration.
Edited by Rhod Mackenzie / 2016-06-10 06:57:17
Finance Oil and Gas Refining Russia Russia Oil and Gas Lukoil Oil Production and Refining Surgutneftegaz
The company will build a new refinery.
"Surgutneftegaz" has returned to the idea of building a new refinery with the capacity of 12 million tons of oil per year. Now it is preparing a feasibility study of the project worth $ 6 billion. In the next few years "Surgutneftegaz" may spend $ 12 billion on the development of recycling. If all the planned projects are implemented now, it will increase the ratio of processing and production from the current 30% to over 50%. Industry experts believe the plans of "Surgutneftegaz" in many ways are a response to the call for the authorities to increase recycling, but fear that the implementation of the projects will be delayed.
