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Rosneft to develop cooperation, refinery modernization with Cuba

October 12/2017

MOSCOW (MRC) -- Rosneft Chief Executive Officer Igor Sechin held a working meeting with Minister of Energy and Mines of the Republic of Cuba Alfredo Lopez and Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba Emilio Lozada Garsia, as per Hydrocarbonprocessing.

During the meeting, the parties discussed extension of supplies volume, joint production projects, as well as prospects for cooperation in modernization of Cuban refinery Cienfuegos.

Rosneft representatives informed the Cuban delegation on the Tuapse refinery reconstruction process. The delegation, which included Minister of Energy and Mines of the Republic of Cuba Alfredo Lopez, Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba Emilio Lozada Garsia and Commercial Attache of the Republic of Cuba in Russia Vivian Hitchman Miranda, examined the key production facilities of the refinery and visited deepwater marine terminal with the transshipment capacity of 17 MMt of oil products per year.

The delegation also visited the construction site of the new diesel line which has no counterparts in Russia and over the world. It will consist of 35 objects including diesel hydrotreating and vacuum gasoil hydrocracking unit, hydrogen production plant, and elementary sulfur production plant that is the most innovative and environmentally friendly facility.

Large scale investment program of Rosneft provides for increase in capacity of the industry oldest refining plant to 12 MMt of oil per year and refining ratio up to 98.5%. Upon the modernization, the Nelsons Complexity Index of the plant will grow to 9 and will comply with the similar indicators of refineries in the Western Europe.

The plant will produce a wide range of oil products meeting the highest ecological requirements.

By the end of 2016, the refinery had processed about 10 MMt of oil.

As MRC wrote before, in late 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.

Rosneft is the world's largest public oil company. In the company accounts for about 5% of global oil production, and its proven reserves at the international category will exceed 5 billion tons of oil equivalent. The structure of Rosneft includes Angarsk Polymer Plant, Lisichanskiy refinery following the acquisition of TNK-BP and Ufaorgsintez after the closing of the purchase of Bashneft  on 12 October 2016.
Author:Margaret Volkova
Tags:crude and gaz condensate, petrochemistry, Rosneft, LINIK, Angarsk Polymers Plant, Bashneft, Ufaorgsyntez, Cuba, Russia.
Category:General News
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