×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Gazprom Neft Spends More

Gazprom Neft plans to almost triple investment to upgrade its Moscow refinery to 20 billion rubles ($630 million) this year.

Gazprom Neft spent about 7 billion rubles in 2011, according to an article in the company's corporate magazine published on its web site Friday.

The company plans to spend at least 66 billion rubles through 2020 to increase the refinery's efficiency, the article said. The amount may reach 100 billion rubles. The Moscow refinery can process 242,000 barrels of crude a day.

(Bloomberg)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more