Support The Moscow Times!

Gazprom Neft Spending

Gazprom Neft plans to spend 14.4 billion rubles ($488 million) this year on its Omsk refinery, Russia's largest facility.

The company will commission a 3 million-ton diesel hydrotreater and a 1.2 million-ton gasoline hydrotreater at the plant in the second quarter, a company official said Tuesday, declining to be identified in line with company policy. The units, which remove sulfur from fuels, were to start operating this quarter, Oleg Belyavsky, head of the plant, said Dec. 6.

The St. Petersburg-based company plans to invest 115 billion rubles in the western Siberian refinery by 2020, according to a statement Tuesday. Omsk can process 391,000 barrels of crude a day, data compiled by Bloomberg show.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.