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Rosneft will fully substitute catalysts import for Russia in 2016 — Rosneft CEO

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MOSCOW, August 14. /TASS/. Catalysts production launch at Angarsk Refinery in 2016 will fully meet demands of the Russian refining sector and substitute all imported supplies," Chief Executive Officer of Rosneft Igor Sechin said on Friday at the meeting with Russia’s Prime Minister Dmitry Medvedev. "We have actually completed development of the catalysts production facility at the Angarsk Refinery with the production output up to 600 tonnes of catalysts. This will practically meet all the demands of the Russian refining sector," Sechin said.

"The facility has already been established and we will commission it in 2016. We will fully meet [all demands of the Russian refining industry," Sechin said. Imported supplies of catalysts are currently about 75%, he added. "Up to 90% for certain positions are supplied," the prime minister said in his turn.

Rosneft approved the import substitution program until 2025, Sechin said. Localization is one of the program areas, with such a clause contained in eighteen license agreements. "The company signed a number of joint documents on setup of an engineering research center with General Electric and such work continues," Sechin said.

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Oil & Gas Rosneft Import substitution

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