TNK-BP Celebrates 50th Anniversary of Ryazan Oil Refinery

“RORC is a very good asset of the company. Upgrading work there continues, and we are planning to be amongst the first refineries in Russia to produce Euro-4 quality diesel and gasoline. We are planning to invest around $1 bln in RORC over the next 2 years in programs to improve quality and expand capacity, as well as boosting light product yields. We have great plans for the Ryazan Refinery,” said Maxim Barskiy, Deputy Chairman of TNK-BP Management Board.
Ryazan Region’s Governor Oleg Kovalev, who visited RORC to congratulate it on its 50th anniversary, said: “RORC is the backbone of the city’s economy, not only in terms of staff numbers and gross product, but also in terms of the taxes it pays. It is the biggest taxpayer in the Ryazan Region. Most importantly, RORC operates a good social policy: its employees have social benefits and take part in municipal and regional social programs. This makes it difficult to overestimate the significance of this company for the Ryazan Region.”