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.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.