Refining

SOCAR to start construction of petrochemical complex Mercury in Turkey by 2021

SOCAR Turkiye Enerji (Turkish subsidiary of state-owned oil company of Azerbaijan) plans to begin construction of a petrochemical complex in Turkey at the end of 2020, said project manager of SOCAR

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Belarus may increase export of petrol by 1.6 mln tons per year due to modernization of its oil refineries

The modernization of oil refineries will allow Belarus to further increase petrol exports by 1.3-1.6 million tons per year, promising markets are Africa and Latin America, deputy general director o

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Omsk refinery to reduce the emissions in atmosphere by 28% by 2021

Thanks to the modernization, the Omsk Oil Refinery (part of Gazprom Neft) by 2015 achieved a reduction in environmental impact by 36%, and by 2021 it will reduce the impact by another 28%, the comp

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Oil companies to receive from the NWF funds 400-450 billion roubles in 2019.

This year oil companies will receive 400-450 billion roubles from the National Wealth Fund for containing fuel prices, media reports.

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Sberbank initiates appointment of new head of Afipsky Refinery

Sergey Krashchuk, who previously headed the Krasnodar refinery of Mikhail Gutseriev, became the new head of the Afipsky Refinery.

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SOCAR to make final investment decision on project of gas processing and petrochemical complex before the end of 2019

Final investment decision on project of gas processing and petrochemical complex SOCAR GPC will be made in the fourth quarter of 2019. On April 22, 2019, financial director of SOCAR Polymer of R.

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Growth in subsidies to oil companies to be provided by increase in MET

Russian government is close to a consensus on increasing subsidies to oil companies for supply of fuel to the domestic market.

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Star refinery to increase its capacities on oil and petroleum products storage 1.6 times by 2021

Turkish refinery Star plans to increase capacity of a plant for storage of crude oil and petroleum products 1.6 times until 2021. This was stated by general director of the company Mesut Ilter.

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Mozyr oil refinery continues production of commercial products

Production of commercial products at Mozyr oil refinery continues in full range and of proper quality, despite the failure of equipment.

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Kazanorgsintez to pay annual dividends at the rate of 7.7 rubles per ordinary share

Shareholders of Kazanorgsintez (part of the TAIF group) have approved final dividends for 2018. The shareholders' meeting was held on Friday, April 19, the company reports.

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