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Gazprom Neft to invests over RUB 20 bln in Moscow Refinery modernisation

April 09, 2012, 22:32 UTC+3

Gazprom Neft Moscow Refinery is a subsidiary of Gazprom Neft

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MOSCOW, April 9 (Itar-Tass) —— Gazprom Neft has adopted a medium-term Moscow Oil Refinery investment programme for the year 2012, according to which over 20 billion roubles will be committed to the project.

The programme is aimed at modernising the production facilities of the Gazprom Neft Moscow Refinery, thus improving the quality of petroleum products, increasing the depth of refining, and enhancing the productivity and environmental efficiency of the enterprise, the company said.

In 2012, under the terms of the modernisation program, construction of closed mechanical wastewater treatment facilities will be completed. This project will significantly reduce emissions of pollutants into the atmosphere and improve the refinery's waste treatment process. The Moscow Refinery is also planning to complete the reconstruction of its bitumen unit and chemical water treatment plant with a desalinated sulphur recovery unit.

As a part of the medium-term investment programme, in 2012 the refinery will continue construction of a light gasoline fractions isomerisation unit and a catalyst cracking gasoline hydro refining unit. These facilities will enable the enterprise to begin producing Ecological Class 5 fuels. In addition, the Moscow Refinery will continue the reconstruction of its diesel hydrotreatment unit and gasoline stabilisation and secondary distillation unit.

Gazprom Neft Moscow Refinery is a subsidiary of Gazprom Neft. The refinery has a production capacity of 12.15 million tonnes per year. The enterprise holds leading positions in the production of high octane gasoline and diesel fuels, meeting around 40 percent needs for oil products market of the Moscow Region. As of January 2011, the Moscow Refinery produces Ecological Class 4 fuels.

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