Gazprom Neft to upgrade Moscow Oil Refinery
Russian state oil producer Gazprom Neft has announced its plans to invest RUB 50 billion ($1.5 billion) to upgrade its Moscow Oil Refinery between 2013 and 2015. The company is planning to upgrade the facility to implement large-scale project, improve quality of petroleum products, increase the oil conversion rate, enhance energy efficiency and reduce environmental impact. The upgrades will help the Moscow Oil Refinery in converting to the production of grade 5 gasoline as per the Russian Federation Technical Regulation. Gazprom’s investment program in the refinery will also result in the construction of a combined oil refining unit with a capacity of 6 million tons per year in 2017, and introduce the most advanced technologies.
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