First stage of Eastern Oil Refinery to be launched in 2012
Alexander Sapronov, the Rosneft Vice-President, said that construction of the first stage of the Eastern Oil Refinery Plant in Primorye might be finished by 2012.
"In the nearest future we will start work on a feasibility study. We estimate the Eastern Oil Refinery will be constructed in two stages, each of 10 million tons," he said at the Far Eastern Economic Forum in Khabarovsk. Expansion of the oil transhipment complex in Nakhodka is tied with the project, RIA Novosti reports.
Mr. Sapronov also said that Rosneft plans to start petrochemical production at the oil refinery plant in Komsomolsk-on-Amur. The company plans to make plastic there. "The company sets the goals to create high-tech production in the region," he explained.
The second stage of the reconstruction of the Komsomolsk plant, which will allow to increase the oil refinery grade to 95% and to make it comply with international standards will be over in 2010, added the Vice-President.