PM Medvedev says Russia will continue focusing on reasonable import substitutionBusiness & Economy March 24, 13:26
France 'ceased to be a fully sovereign nation' — Le PenWorld March 24, 13:21
Press review: Kiev’s cynical use of Russian MP's murder and Moscow skips ‘nuke ban’ talksPress Review March 24, 13:00
Commander says National Guard prevented numerous civilian deaths in ChechnyaRussian Politics & Diplomacy March 24, 12:58
Kiev reveals identity of Russian politician’s killerWorld March 24, 12:19
Le Pen lambasts EU's 'diplomacy' of threats and blackmail towards RussiaWorld March 24, 11:58
Russia to launch R&D on new ground forces’ air defense systemMilitary & Defense March 24, 11:50
Russian State Duma speaker warns Ukraine increasingly turning into terrorist stateRussian Politics & Diplomacy March 24, 11:06
France’s National Front leader baffled by Paris’ hostile stance towards RussiaWorld March 24, 10:41
“We have coordinated the approval of the project’s first stage at about 560 billion rubles of investments, which envisages the constriction of the first oil refining line with a 12 million tonne capacity for VNKhK. Transneft will plug us into the main pipeline,” Sechin said.
He added that the total processing capacity will amount to 30 million tonnes, including 12 million tonnes of oil of the second line’s capacity and 6.7 million tonnes of petrochemical capacity.
Sechin also said Rosneft will invest 112 billion rubles ($2.9 billion) in geological exploration on the shelves of the Sea of Okhotsk and the Chukchi Sea in 2014-2018. Currently the company produces 34 million tonnes of oil per year in the Far East, and the output can be increased by 30 million tonnes considering the promising fields.