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Rosneft plans to launch Lisichansk oil refinery in summer

The Lisichansk oil refinery is the major processing asset of the TNK-BP international holding in Ukraine

© ITAR-TASS/EPA/SERGEI ILNITSKY

MOSCOW, January 31. /ITAR-TASS/. Russia’s oil company Rosneft plans to launch the Ukraine-located Lisichansk oil refinery this year’s summer, Rosneft CEO Igor Sechin said during Friday’s meeting with Russian Prime Minister Dmitry Medvedev.

“Now, we are upgrading the plant actively. I think that it will be commissioned in summer,” Sechin said, explaining that the refinery needed significant modernization and huge investments. He promised to inform the prime minister on the detailed plans for the commissioning of the Lisichansk oil refinery.

The Lisichansk oil refinery is the major processing asset of the TNK-BP international holding in Ukraine. Its designated processing capacity is about eight million tonnes of crude a year. The plant receives crude through the Samara-Lisichansk oil pipeline.

In November 2013, Ukraine’s President Viktor Yanukovich said that Kiev wanted to buy a 50-percent stake in the Lisichansk oil refinery. Rosneft, in turn, said that it had no plans to sell the asset.

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