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Gazprom Neft plans US$1.6bn investment in Moscow refinery (Russia)

Gazprom Neft has adopted a mid-term investment program for its Moscow Oil Refinery. The company will invest over Rub50bn (US$1.6bn) in modernization of the enterprise in 2013-2015.

The group plans to commission a light naphtha isomerization unit and a catalytic cracking gasoline hydrotreatment unit in 2013. The second stage of reconstruction of the LCh-24-2000 diesel fuel hydrotreatment unit will also be completed. The proportion of grade 5 diesel fuel will exceed 75% of the total volume of diesel fuel produced at the Moscow Oil Refinery. In 2014, the refinery will complete the second stage of reconstruction of the ELOU-AVT-6 crude oil vacuum distillation unit, which will allow it to increase substantially production of high-quality gasoline and diesel fuel.

A new combined oil refining unit with a capacity of 6 Mt/year will be built by 2017. The new complex will bring together the production processes of the various components of high-octane gasoline and summer and winter diesel fuel, which are currently performed at three separate units.

Construction of a bitumen modification unit designed to produce 60,000 tons of polymer modified bitumens and 7000 tons of bitumen emulsions per year will begin at the Moscow Oil Refinery in 2013. This will help increase the output of bitumen products significantly, in keeping with the highest international quality standards.

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