MOSCOW (MRC) -- Five Russian refineries
are expected to finish upgrades of their gasoline production units this year,
with the new capacity potentially allowing Russia to boost exports of
high-octane gasoline, according to Reuters
calculations and trading sources.
Following the upgrades, high-octane
gasoline production in Russia will have the potential to increase by up to 4.5
MMtpy, the calculations showed.
Russian refineries produced a total of
38.3 MMt of high-octane gasoline last year, of which almost 35 MMt were consumed
domestically, while the remainder, or 3.35 MMt, was exported.
decides to use in full all the capacity it gets after the upgrades, and with
fuel consumption at home flat, it may significantly increase its high-octane
gasoline exports, the calculations showed.
As MRC wrote previously,
in June 2016, Rosneft and China Petrochemical Corporation (Sinopec
Group) signed a Framework Agreement on joint pre-feasibility study of the
project related to the construction and operation of a gas processing and
petrochemical complex in East Siberia.
The project will meet the growing
demand for polyethylene and polypropylene in Russia and in China. It is assumed
that the annual capacity of the new complex near the administrative center of
Boguchany District will be 5 BCM of gas yielding up to 3 mln tons of polymers
and petrochemical products primarily for sale on the Russian and Chinese
markets. The resource base of the project comprises Rosneft oil and gas fields
of Yurubcheno-Takhomsky cluster in East Siberia.