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JV buys 80% of Antipinsky refinery

June 07/2019

MOSCOW (MRC) -- SOCAR Energoresurs, a joint venture between Russia’s largest lender Sberbank and a group of investors, has acquired an 80% stake in Russia’s Antipinsky oil refinery, reported Hydrocarbonprocessing with reference to Sberbank.

The bank did not name the other investors.

The JV took control over the refinery and oilfields in Russia’s Orenburg region, the bank said in a statement.

Azeri state energy company SOCAR could join the project after an audit of the assets is completed, Sberbank said.

As MRC informed earlier, Russia’s Antipinsky oil refinery does not plan to receive oil last month and has removed itself from the delivery schedule. A London court has issued a worldwide order to freeze 225 million euros (USD252 million) in assets belonging to the oil refinery, owned by New Stream Group.

JSC Antipinsky Refinery was founded in July 2004 on the territory of one of the major oil and gas producing constituents of the Russian Federation - Tyumen Region, where most of Russian oil (64%) and natural gas (91%) reserves are concentrated.


mrcplast.com
Author:Margaret Volkova
Tags:crude and gaz condensate, SOCAR Polymer, Antipinsky oil refinery, Russia.
Category:General News
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