Gazprom Neft invests over 20 billion roubles into the Moscow Refinery Modernisation Program in 2012

Gazprom Neft has adopted a medium-term Moscow Oil Refinery investment program for the year 2012, according to which over 20 billion roubles will be spent.

The program is aimed at modernizing the production facilities of the Gazprom Neft Moscow Refinery, thus improving the quality of petroleum products, increasing the depth of refining, and enhancing the productivity and environmental efficiency of the enterprise.

In 2012, under the terms of the modernization program, construction of closed mechanical wastewater treatment facilities will be completed. This project will significantly reduce emissions of pollutants into the atmosphere and improve the refinery's waste treatment process. The Moscow Refinery is also planning to complete the reconstruction of its bitumen unit and chemical water treatment plant with a desalinated sulphur recovery unit.

As a part of the medium-term investment program, in 2012 the refinery will continue construction of a light gasoline fractions isomerization unit and a catalyst cracking gasoline hydro refining unit. These facilities will enable the enterprise to begin producing Ecological Class 5 fuels. In addition, the Moscow Refinery will continue the reconstruction of its diesel hydrotreatment unit and gasoline stabilization and secondary distillation unit.

Notes for editors

Gazprom Neft Moscow Refinery is a subsidiary of Gazprom Neft. The refinery has a production capacity of 12.15 million tons per year. The enterprise holds leading positions in the production of high octane gasoline and diesel fuels, meeting around 40% needs for oil products market of the Moscow Region. As of January 2011, the Moscow Refinery produces Ecological Class 4 fuels.