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Ex-owner of Russian largest independent oil refinery arrested

July 18/2019

MOSCOW (MRC) -- A former owner of the debt-laden Antipinsky refinery, Russias largest independent oil-processing plant, was arrested in Moscow, reported Reuters with reference to his company's statement.

New Stream group said its head, Dmitry Mazurov, was arrested by the Investigative Committee on Saturday at Moscows Sheremetyevo airport when he arrived back in Russia.

A court in Moscow ruled on Monday that Dmitry Mazurov, the former owner of Russias largest independent oil-processing plant, would be held in custody until September 12 pending trial on suspicion of embezzling 1.8 billion roubles (USD28.75 million).

Authorities were not immediately available for comment.

Last month, SOCAR Energoresurs, a joint venture between Russias largest lender, Sberbank, and a group of investors, acquired an 80% stake in the Antipinsky refinery. Sberbank is the plants main creditor.

The plant, which has an annual capacity of 9 million tonnes, filed for bankruptcy in May, weeks after a London court ordered its assets to be frozen in response to a lawsuit from a trading house.

Court data showed there were 346.5 billion roubles (USD5.5 billion) of claims against the refinery.

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