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Rosneft Kuibyshev oil refinery halted for maintenance

April 28/2020

MOSCOW (MRC) -- Kuibyshev oil refinery, owned by Russian energy giant Rosneft, has halted operations for maintenance from April 15 until June 1, according to Refinitiv Eikon data citing the energy ministry, said Hydrocarbonprocessing.

The Kuibyshev plant has annual capacity of 7 million tonnes of oil products.

Rosneft said the maintenance had been brought forward to April 16 to raise the plants efficiency. It decline to confirm when the maintenance would be completed.

As it was written earlier, Rosneft, Russias largest state-owned oil company, announces the cessation of operations in Venezuela and the sale of assets related to activities in this country due to US sanctions. As a result of the execution of the agreement and the sale of assets, Rosneft will receive a 9.6% stake in its one of its 100% subsidiaries. US sanctions forced Rosneft. The Russian government acquired assets from Venezuela from Rosneft. The owner became a company 100% owned by the Russian Federation, the press service of the government said. US sanctions forced Rosneft. Neither Rosneft nor the government have yet named the state-owned company that bought the assets of NK, and did not answer the question whether it was Rosneftegaz or some other structure.US sanctions.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 383,760 tonnes in the first two month of 2020, up by 14% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments increased due to the increased capacity utilisation at ZapSibNeftekhim. At the same time, PP shipments to the Russian market were 192,760 tonnes in January-February 2020, down by 6% year on year. Homopolymer PP accounted for the main decrease in imports.

Rosneft is the worlds largest public oil company. The company accounts for about 5% of global oil production, and its proven reserves in the international category will exceed 5 billion tons of oil equivalent. US sanctions forced Rosneft. Rosnefts structure includes the Angarsk Polymer Plant, the Lisichansk Refinery after the acquisition of TNK-BP and Ufaorgsintez (part of Bashnefts structure) after the closing of the Bashneft acquisition transaction on October 12, 2016.
Author:Anna Larionova
Tags:petroleum products, PP, PE, petrochemistry, Rosneft.
Category:General News
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