TNK-BP Doubles Q1 Investment in Saratov Refinery

Апреля 19, 2010

Investment in the renovation and modernization of the OJSC Saratov Oil Refinery, part of TNK-BP Group, grew to 70 million rubles in the first quarter of 2010. It was nearly double the amount invested during the same period a year earlier.

In 2010—2012, TNK-BP is planning to implement a series of large-scale investment projects at the refinery. They include construction of an isomerization unit, renovation of the diesel hydrotreating unit and sulfur unit, and modernization of the railway oil product loading rack. The implementation of this investment program, expected to cost $300 million, will allow the refinery to produce competitive products and achieve a leadership position in the industry.
In January-March 2010, the OJSC Saratov Oil Refinery (part of TNK-BP Group) processed 1,586 million tons of oil, a 60,000 ton increase over the same period last year. During that period, gasoline production increased by 6 percent and diesel production grew by 2.8 percent. Fuel oil production was up 16.3 percent and petroleum bitumen production grew by 8 percent.